Vermont Homebuyer Shield Targets Big Investors
Who Qualifies for VHFA MOVE Programs? Strict first‑time homebuyer status applies to borrowers in Addison, Bennington, Chittenden, Grand Isle, and Windsor counties. Applicants cannot have held ownership interests in a primary residence within the previous three years. Meeting income eligibility is a primary hurdle for modern applicants. Annual gross household income limits fluctuate between $100,000 and $145,000 depending on location and household size. The verification process involves rigorous documentation to confirm all sources of revenue. Calculations include wages, Social Security, and 75 percent of gross rental income from duplexes. Confirmation bias can cause reviewers to overlook income discrepancies if they focus only on favorable data points. Eligible properties are restricted to primary residences within Vermont, including single‑family homes or approved condominiums. Purchase prices remain capped at $425,000 for one‑unit dwellings. Qualifying buyers may also receive signif...