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Loan Estimate Challenges
Vermont’s Biggest LE Challenges
07.05.2023

Like so many others, Vermont is an “attorney state,” meaning an attorney’s involvement is required in all residential real estate purchase transactions.

Recording fees

The recording fees in Vermont are scaled by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.

Those recording fees are statewide, with no variation by county.

State transfer tax discount

Vermont offers a discounted state transfer tax rate for the first $100,000 of consideration, more commonly known as the purchase price, if the subject property of the transaction is the buyer’s principal residence.

 

Last edited July 14, 2023

LodeStar Software Solutions prides itself on being the most accurate provider of the most up-to-date closing fees in the mortgage industry—so much so that we guarantee those rates. However, unlike the closing fee data we provide our clients through our product, LodeStar can only guarantee the accuracy of the content delivered through LE Challenges at the time of publication.LE Challenges is published solely for marketing and advertising purposes to provide an example of the depth and breadth of our commitment to providing accurate closing fees to its clients. While we do our best to update the content of LE Challenges as often as possible, the data shared here is in no way intended to serve as data to be relied upon in the generation of an actual Loan Estimate or any other element of a mortgage transaction.

 

 

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