Our No Nonsense Mortgage is held in-house at NBM. This means we can offer more options and flexibility compared with mortgages sold to the secondary market. Unsure what all of this means? Talk to one of our lenders to find the right mortgage for you!

No Nonsense Loan Programs Available*

Primary residence, second home or investment properties

  • Minimum down payment: 10.1% to 20%, 25% for investment properties*
  • Interest rate: fixed or 5/1, 7/1, & 10/1 Adjustment
    Rate Mortgages (ARMs)
  • Loan term: 30 year or less
  • Mortgage insurance not required

*You cannot apply online for investment properties. Please contact us to apply.

Renovate & Purchase Mortgage

  • Minimum down payment: 10.1%
  • Interest rate: 7/1 ARM
  • Loan term: 30 year or less
  • Up to $100,000 cash out for renovations
  • Mortgage insurance not required

Jumbo Mortgage

  • Primary residence or year-round second home
  • Down payment options vary based on occupancy and maximum loan amount.
  • Interest rate: fixed or 5/1, 7/1 and 10/1 Adjustment
    Rate Mortgages (ARMs)
  • Loan term: 10, 15 or 30-year
  • Loan amount: exceeds conventional loan limits

Construction Loan

  • Primary residence or second home
  • Conventional or jumbo loan financing
  • Down payment options vary based on occupancy and maximum loan amount
  • Interest rate: fixed or 5/1 & 7/1 Adjustment
    Rate Mortgages (ARMs)
  • Loan term: 30-year
  • One closing – construction to permanent
  • Mortgage insurance not required
  • Green construction program available

Land loan

  • Minimum down payment: 35% for unimproved land, 25% for improved land
  • Interest rate: fixed
  • Loan term: 5 year balloon with a 15 year amortization

Seasonal second home (3-season home)

  • Minimum down payment: 20%
  • Interest rate: fixed or 5/1 & 7/1 Adjustment
    Rate Mortgages (ARMs)
  • Loan term: 15 or 30-year

Seasonal camp

  • Minimum down payment: 25%
  • Interest rate: 1/1 Adjustable Rate Mortgage (ARM)
  • Loan term: 20-year maximum

Mobile home primary residence

  • Minimum down payment: 20%
  • Interest rate: 5/1 ARM
  • Loan term: 20-year for owned land, 10-year for rented land
  • Remaining economic life of mobile home must exceed loan term by 5 years

*Loan programs and terms are subject to change.

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

Get started!

Did you know you can complete the entire application process online for most home loans? Get started today using the Apply Now button below. If you have any questions at all during the application process, just contact us at [email protected] or call 877-508-8455. We are happy to help!

Apply Now

To complete your NBM loan application, we will need the following information.

  • Social Security number and date of birth for all individuals on the account
  • Phone number and email address
  • Physical address and mailing address (if different)
  • Debit card or account for funding the initial deposit for your new account
  • License or passport information for all individuals on the account

Mortgages to fit your needs

Hometown Advantage Mortgage

Our most popular conventional mortgage

Conventional mortgage for primary home purchases that are sold on the secondary market but service by NBM for the life of the loan

Hometown Mortgage

Construction Loan

A mortgage for climate-friendly living

National Bank of Middlebury is committed to renewable energy initiatives, to the reduction of energy consumption and to a future built on sound energy principals.

Construction Loan

Purchase & Renovate Mortgage

Buy and renovate all at once!

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

Purchase & Renovate

Convenient ways to pay your NBM loan

Online Banking
Within our Online Banking, you can transfer money from your deposit account to pay your loan online. Or, you can set up recurring payments. Current Online Banking users: Log in here to pay your loan. Not yet enrolled? Enroll now.

Recurring automated funds transfer
With this service, you can set up a monthly payment of your loan that will be automatically withdrawn from your deposit account on a date you choose. Visit any NBM location, call 877-508-8455 for assistance or submit this secure form: Recurring Loan Payment Transfer to set up recurring payments.

Recurring automated funds transfer from another institution
With this service, you can set up a monthly payment of your loan that will be automatically withdrawn from your deposit account at another institution on a date you choose. Visit any NBM location, call 877-508-8455 for assistance or submit this secure form: Recurring Loan Payment Non-NBM Account Transfer to set up recurring fund transfers.

One-time payment for non-deposit account customer
Make a one-time payment withdrawn from your deposit account at another financial institution by submitting this secure form: One Time Payment Non-NBM Account Transfer.

In person
You can make a payment by cash or check at any of our branch locations with a teller or at an ATM.

By mail
You can mail us a check to pay your loan. Just write your loan account number on the memo line and then mail it to:

National Bank of Middlebury
ATTN: Loan Department
PO Box 189
Middlebury, VT 05753-0189