Vermont FHA Mortgage Calculator (2026 Limits)
Last Updated: June 17, 2026
Calculate FHA and VA loans in Vermont with 100% precision. Accurately factors in the 1.75% UFMIP rollover, the 11-year cancellation rule, and VA funding fees.
Department of Veterans Affairs (VA) loans offer unique benefits for eligible veterans, service members, and surviving spouses. To check your eligibility, learn how VA direct and VA-backed home loans work, and request your Certificate of Eligibility (COE), visit the official VA Housing Assistance portal.
FHA Mortgage Insurance
Upfront MIP (1.75%): Automatically rolled into the loan balance.
Annual MIP (0.55%): Paid monthly.
With < 10% down, MIP stays for the life of the loan.
FHA Loan Analysis
Estimated Monthly Payment
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Frequently Asked Questions (FAQ)
What is an FHA loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. It is designed specifically for low-to-moderate-income borrowers, requiring a lower minimum down payment (3.5%) and lower credit scores (often 580+) than conventional loans.
How does FHA Mortgage Insurance Premium (MIP) work?
Unlike conventional PMI which can be canceled, FHA loans require two types of insurance: an Upfront Mortgage Insurance Premium (UFMIP) usually rolled into your loan balance, and an annual MIP paid monthly. For most borrowers putting down 3.5%, this monthly MIP lasts for the entire life of the loan. See the HUD portal for current rules.
What is a VA loan?
A VA loan is a $0-down mortgage issued by private lenders but backed by the Department of Veterans Affairs. It is an exclusive benefit for eligible military service members, veterans, and surviving spouses.
What is the VA Funding Fee?
The VA Funding Fee is a one-time government fee applied to all VA purchase and refinance loans. It ranges from 1.25% to 3.3% of the loan amount, depending on your down payment and whether you've used your VA benefit before. However, veterans receiving VA compensation for a service-connected disability are completely exempt from this fee.
Do VA loans require monthly mortgage insurance?
No. One of the greatest financial benefits of a VA loan is that it does not require any monthly private mortgage insurance (PMI), regardless of how little you put down. You can calculate your exact benefits using the official VA Housing Assistance guide.