{"id":7694,"date":"2021-12-20T03:29:32","date_gmt":"2021-12-20T02:29:32","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=7694"},"modified":"2021-12-20T16:56:05","modified_gmt":"2021-12-20T15:56:05","slug":"fha-loan-limits-for-vermont","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/fha\/fha-loan-limits-for-vermont\/","title":{"rendered":"FHA Loan Limits For Vermont"},"content":{"rendered":"\n
The standard FHA loan limit for a single-family home in Vermont is $314,827 in 2019, and that limit also applies to much of Vermont. The exceptions: Chittenden, Franklin and Grand Isle counties have a higher limit of $351,900.<\/p>\n\n\n\n
With an estimated population now slightly more than 626,000, Vermont has long appealed to those who love wide swaths of rural space dotted with smaller cities and towns, particularly when set against the backdrop of the picturesque Green Mountains.<\/p>\n\n\n\n
The median price of a primary home in Vermont reached a record high last year, growing 3.6% from $210,000 in 2017 to $217,500, according to data collected by the Vermont Housing Finance Agency (VHFA). That\u2019s lower than $235,000, which is the nationwide price of a typical home, as estimated by the National Association of Realtors. Still, in a recent blog post, VHFA cautioned that household income in Vermont is not keeping up with the four-year rise in home prices.<\/p>\n\n\n\n
FHA loans may be able to help make homeownership more affordable for many buyers in Vermont, especially first-time homeowners. But the loans are not as popular to Vermonters as they are in other states. In fiscal year 2021, just 0.09% of all FHA loans originated nationwide came from Vermont.<\/p>\n\n\n\n