The Vermont Banking Division can tell you what relief programs, counseling or other options may be available to you, and how to access them. The range of assistance depends upon where you are with your mortgage payments and any foreclosure process.
The Division does not have funding or grant monies to distribute to distressed mortgage holders. We may be able to help facilitate communications between you and your lender to come to a mutually agreeable course of action.
If at all possible, do not skip payments and wait to seek help only after your lender initiates a foreclosure action. This will not result in any better eligibility for assistance. The EARLIER you take action to avert delinquency, the better your chances to work out a solution to retain your home.
See which “IF” below best describes you. The associated avenues for help are examples and may not apply to everyone or include all sources of assistance. Every borrower’s situation carries a unique set of circumstances.
You still are managing to stay current on your mortgage payments and have equity in your home, but fear an upcoming financial crisis because of, for example, an upcoming adjustment in your mortgage rate, a job layoff, divorce, health crisis or other change in circumstances…
You are already delinquent on your mortgage payments and facing the threat of imminent foreclosure
You are already IN a foreclosure process with the bank or lender, and been given a timeline in which to make satisfactory steps or lose your property…
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Ways to Contact the Vermont Banking Division: