FDIC Digital Sign, using the official FDIC wordmark. This digital sign indicates the deposit institution is backed by the full faith and credit of the US government.
FDIC Digital Sign, using the official FDIC wordmark. This digital sign indicates the deposit institution is backed by the full faith and credit of the US government.

Purchase and renovate with one mortgage

Work with your community real estate professional and local community bank to buy and renovate!

  • 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

Why choose the Purchase & Renovate Mortgage?

One loan

The Purchase & Renovate Mortgage keeps things simple by providing one loan to finance the purchase and renovation of your new home.

Make an old house new again

This loan program is perfect for purchasing any of the many old homes in Vermont and fixing it up to be your dream home.

Expert guidance

Our lenders have years of experience with helping you finance your home purchase and renovation. Talk to any of our mortgage lenders today!

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

family in house with moving boxes

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

man with child on shoulders in front of house

No Nonsense Mortgage

No Nonsense Mortgage keeps your loan local.

A No Nonsense Mortgage is held in our in-house loan portfolio and serviced by us. Options include primary and second homes, investment properties, jumbo mortgages and construction loans.

No Nonsense 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

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

Maximum loan amount is $647,200. Satisfactory appraisal, subject to completion is required. Interest rate and terms are subject to change. Applications are subject to credit approval. No penalty for prepayment. A licensed professional for renovations may be required. Program is also available for refinances with renovations. Other programs available for larger renovation projects.