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.
Important Things to Know
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.
802-828-3307 or 888-568-4547
Vermont Department of Financial Regulation
89 Main Street
Montpelier, VT 05620-3101
Always verify if your lender is licensed: Verify a Financial Professional.
If you have borrowed money from an unauthorized lender:
- You should immediately cancel the loan and revoke access to your bank account by sending this form to the lender with a copy to your bank or credit union.
- If you have not already done so, file a complaint with the Consumer Assistance Program. We want to know the names of all unlicensed lenders lending into Vermont.
- Visit CAP’s Loan Issues for further instructions and information.
Reverse mortgage counseling is a part of the reverse mortgage application process and is typically completed just after completing an application for a reverse mortgage.
Review the list of Approved Reverse Mortgage Counselors.
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