Vermont rehabs mean older housing: 19th-century farmhouses, Victorians split into apartments, and post-war capes in Burlington, Rutland, Barre and the river towns. Tight housing supply supports demand, but a short building season and old systems demand careful budgets.
In short: LendingStreet is our top pick for Vermont investors who would otherwise use local hard money. We lend $150,000 to $5M+ on 1-8 unit investment property, up to 90% of cost and up to 100% of rehab on some programs, with closings in as little as 10 days and rates from 7.99%. Many Vermont rehabs are small multifamily buildings, and our DSCR loan can refinance those on combined rent.
Vermont has few dedicated rehab lenders, and most local banks want tax returns and long timelines. LendingStreet lends statewide, funds most of the work and can carry a renovated duplex or triplex into a long-term rental loan.
Have a Vermont property in mind? Get a quote with the form below or call (877) 298-1001.
Well-known hard money lenders include CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Vermont, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Local banks, credit unions and private lenders all play a part in Vermont rehab lending. Here is how the typical options compare for an investor.
| Investor need | LendingStreet | Local hard money | Private lender | Local bank |
|---|---|---|---|---|
| Close quickly on a good deal | As little as 10 days | Often fast | Fast if funds are ready | Often slow |
| Fund the rehab | Up to 100% of rehab on some programs | Varies | Negotiated deal by deal | Often limited |
| Leverage on total cost | Up to 90% LTC on some programs | Varies | Varies | Often lower |
| Larger projects | $150,000 to $5M+ | Varies | Limited by one person's funds | Varies |
| Keep it as a rental | DSCR refinance with 30-year terms available | Usually short-term only | Usually short-term only | Often requires tax returns |
| Borrow in an LLC | Standard | Usually | Varies | Varies |
| Older multifamily buildings | 1-8 units on one loan | Varies | Varies | Often slow approvals |
Chittenden County is the largest market: Burlington's Old North End, Winooski, South Burlington, Essex and Colchester, where demand from the University of Vermont and local employers keeps rentals full. Many buildings are older homes converted into two to four units.
Rutland, Barre, Montpelier, St. Albans, Brattleboro, Bennington and St. Johnsbury offer lower prices and older homes that need full systems work. Keep our $150,000 minimum loan size in mind in the smallest towns.
Vermont charges a property transfer tax when property changes hands, and the buyer customarily pays it. Investment property does not get the lower rate available on part of the price for a primary residence. Ask your closing attorney for the exact amount, including any surcharges.
Vermont foreclosures generally run through the courts and can take many months. Distressed property is more often bought from banks after the process ends than at a sale, so plan for slower deal flow.
Most pre-1978 rentals must meet Vermont's Essential Maintenance Practices for lead paint, and Burlington has its own rental registration and inspection program. Residential contractors on larger jobs must register with the state Office of Professional Regulation, and electricians and plumbers are licensed by the state.
Exterior work, roofing and site work are easiest from late spring to fall. Older homes often need new heating systems, insulation and electrical work, so leave room in the budget for surprises behind the walls.
This example is illustrative and not a quote. An investor buys a dated two-story home near downtown Rutland for $195,000 and budgets $90,000 for a new heating system, electrical, insulation, a kitchen, two baths and lead-safe paint work. Total project cost is $285,000. With the loan sized at 90% of cost, the loan is $256,000 and the investor covers $29,000 of the cost.
The estimated interest-only payment is about $2,187 a month, or $17,496 over a 8-month project. Add about $4,400 in taxes, insurance and heat during a winter hold and $6,800 in purchase closing costs, and the investor has about $57,696 in the deal. The interest figure assumes the full loan is out the whole time; rehab funds paid in draws would lower it.
The finished home sells for $410,000. With about 6.5% of the price going to commissions and closing costs ($26,650), the estimated profit is about $69,654 before income taxes.
| Item | Amount |
|---|---|
| Purchase price | $195,000 |
| Rehab budget | $90,000 |
| Total project cost | $285,000 |
| Loan at 90% of cost | $256,000 |
| Investor share of cost | $29,000 |
| Estimated interest-only payment | $2,187 a month |
| Interest over 8 months | $17,496 |
| Other holding costs | $4,400 |
| Purchase closing costs | $6,800 |
| Total cash in the deal | $57,696 |
| Sale price | $410,000 |
| Selling costs (about 6.5%) | $26,650 |
| Estimated profit | $69,654 |
Vermont's housing shortage keeps both buyers and renters looking, so either exit can work. In Chittenden County, renovated two- to four-unit buildings often make strong rentals, and a DSCR loan qualifies on the combined rent with LLC borrowers as standard.
In smaller towns, resale to an owner-occupant is often the simpler exit. Remember that the buyer pays the transfer tax in Vermont, which helps your net on a sale but adds to your cost when you buy. If you do hold, budget for heating costs and the higher insurance that often comes with older buildings.
Vermont has fewer rehab lenders than most states, so compare every offer on the same terms.
Here is where LendingStreet lands on each: up to 90% LTC with up to 100% of rehab on some programs, as little as 10 days to close, LLC borrowing as standard, $150,000 to $5M+ in size, and a DSCR refinance at a 1.0x standard minimum with 620 credit, up to 75% LTV cash-out or 80% rate-and-term on some programs and program-based seasoning. Reach us at (877) 298-1001.
Tell us the address, purchase price, rehab scope and closing deadline, plus expected rent if a hold is possible. The quote form is just below, or reach us at (877) 298-1001.
We think LendingStreet is the strongest fit for Vermont investors who want speed and leverage without a dead end: closings in as little as 10 days, up to 100% of rehab on some programs, rates from 7.99% and a DSCR refinance under the same roof.
Yes. LendingStreet lends in all 50 states and DC, including Vermont, on non-owner-occupied 1-8 unit investment property. Get a quote with the form below.
The buyer customarily pays it at closing. Investment property pays the general rate, without the reduced rate available on part of the price for a primary residence. Confirm the amount with your attorney.
Most pre-1978 rentals must follow the state's Essential Maintenance Practices for lead paint. Budget for it in your scope of work.
Yes. We lend on 1-8 unit properties, and a renovated triplex can refinance into a DSCR loan qualified on the combined rent.
You can refinance into a DSCR loan qualified on the rent, with no W-2s or tax returns, LLC borrowers as standard and 30-year terms available. Seasoning varies by program.
No. Every LendingStreet loan is a business-purpose loan on non-owner-occupied investment property.
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