Why choose NBM for your home loan?

Local decision-making

Where is your bank’s corporate headquarters? Do they hold or sell your loan? Can you walk in and speak with a decision-maker? National Bank of Middlebury’s “corporate” headquarters is in Middlebury, Vermont and has been for almost 200 years. We live here and know the challenges and joys that come with buying a home here.

Local servicing

Often types of loans are sold to secondary markets. When we sell a loan, we retain servicing rights to it so we know what is going on with the loan relationship and can be there for you if a need should arise. We think it’s important to maintain a relationship with the person who trusted us with their lending needs in the first place.

World class products with local attention

You don’t have to sacrifice one for the other. We offer all the convenience that modern technology can provide but also love to see you in person and help you over the phone. We know our customers beyond the numbers, heck, we even know their dogs most of the time.

Home loans to fit your needs

Hometown Advantage Mortgage

Hometown Advantage loans are designed to be sold to third parties but serviced by the NBM staff you know and trust throughout the life of the loan.

  • For conventional primary residence homes
  • Down payment options range from 3% to 25% or more
  • Interest rate: fixed
  • Loan term: 30, 20, or 15-year
  • Mortgage insurance required with down payments less than 20%

No Nonsense Mortgage

No Nonsense Mortgages are 100% local. Once you purchase your home, the loan is held in the NBM in-house loan portfolio and serviced by your trusted NBM team. No Nonsense Mortgages include:

  • Land and Construction loans
  • Seasonal second home and camps
  • Jumbo mortgages
  • Primary residence, second home or investment properties
  • Mobile home primary residence mortgages
  • Interest can be fixed or variable depending on the loan type

Vermont Housing Finance Agency

Vermont Housing Finance Agency (VHFA) is a state chartered agency that finances and promotes affordable housing opportunities for low and moderate income Vermonters through homeownership.

  • Down payment assistance is available
  • Interest rate: fixed
  • Loan term: 30-year
  • 95% to 100% financing options
  • Servicing released

Construction Loan

This is an opportunity to build the home you want for the future you want.

  • Construction-to-permanent residential loan
  • Fixed rate, 5/1 or 7/1 ARM
  • Held and serviced by NBM
  • Green Advantage programs available

Home Equity Loan

A home equity loan is a term loan secured by a mortgage on your residence.

  • $5000 minimum with a $250,000 maximum
  • Fixed rate
  • Loan term 5, 10 or 15-year
  • Can be used for home improvement, education, large purchases, debt consolidation, and more!

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your residence. It provides access to funds to use for home improvement, education and debt consolidation.

  • Save .25% on your interest rate by using autopay from your NBM checking account*
  • Borrow 70% to 80% of the value of the property
  • Minimum credit limit is $20,000 and the maximum is $250,000
  • No draw fee, annual fee or early closure fee
  • Can be used for home improvement, education, large purchases, debt consolidation, and more!

Purchase & Renovate Mortgage

If you are purchasing a home that requires rehabilitation, this program is a small-scale purchase and renovation in one.

  • For primary and second-year round 1-4 family homes
  • Up to $100,000 cash available for home renovations
  • Borrow up to 89.9% of the cost to purchase and renovate
  • 7/1 Adjustable-Rate Mortgage
  • Term is 30 years or less
  • No mortgage insurance required

Get a free appraisal when you buy your home with us!

Offer valid with fully executed purchase and sales contract dated on or after April 1, 2024 through September 30, 2024. Mortgage applications and purchase and sales contracts must be received by National Bank of Middlebury by September 30, 2024. Offer valid for primary residence purchases only, including modular, condominium, townhome and doublewide manufactured homes. Maximum value $600. Credit not to exceed actual cost. Home purchases must be completed by November 30, 2024.

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Meet our mortgage team

NBM community lenders go above and beyond

Our lenders live and work in Vermont. They are not only experts on real estate values, but also the communities they serve. They know about local education, health, employment, social services, and safe environments. They know they are not merely selling a home, they are selling a community and a lifestyle, and they are dedicated to providing you with the right loans and tools to live the life you want.

Meet Our Mortgage Team

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Free Appraisal

Preparing to buy a home?

Now through September 30, 2024, buy your home with us and get a FREE appraisal! Restrictions apply.

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