Spruce Mortgage - Home Mortgage in Vermont

Spruce Mortgage
346 Shelburne Road
Burlington, Vermont 05401
Phone: 802.863.8816
Fax: 802.863.8817
Toll free: 800.305.4782

Loyalty, integrity, and creativity. These characteristics are the solid foundation for success on which Spruce Mortgage is built. Spruce Mortgage is a leader in residential, second home, investment property mortgages, and refinancing in Vermont.

Loyalty.The Spruce staff shows loyalty with customers from the beginning of the loan process through the closing. Not only is the staff loyal to the customer, but they are loyal to all of the other people who touch the loan during processing. This includes realtors, appraisers, and lenders.

Integrity. Whenever people come to Spruce, they know that they will get honest advice from experienced professionals. If we are not able to get a loan approved, we will help find an investor or bank that will and deliver a full loan package to them.

Creativity. Many of our relationships are built from our loyalty, integrity, and creativity. We work hard to keep our relationships clean and open, and we will do whatever it takes to keep those relationships strong.

Spruce Mortgage is a relationship driven business; therefore, we are driven to establish long term and loyal relationships. That is why we have positioned ourselves in the top two realtor offices in the state. People at Spruce make business their life. They work and play with many similar people, confirming their commitment to Spruce and equivalent commitment to our customers and partners.

I believe that our strong foundation has made Spruce what we are, and I am very proud of the relationships that we have established.

Gene Richards C.E.O.

Types of Loans We Offer

When you’re shopping for a home loan, low rates and dependable service are important factors in choosing a mortgage lender. At Spruce Mortgage we’re confident that you’ll find the best of both right here. Whether you’re a first time homebuyer looking for affordable options or a veteran homeowner looking to reduce your monthly payment, Spruce Mortgage offers a complete array of loan programs to meet your needs.

New Purchase
Not all loan programs are alike. Some make it easier to qualify. Some are better for the short-term, and others over the long haul. Some give you flexibility in payments, money management, and paperwork. Others offer cast-in-stone stability. Still others reward you for sharing a little bit of the interest-rate risk. No matter what you choose, we'll make it easy to understand, easy to activate, and easy to get you into the home of your choice. At Spruce Mortgage we offer these 'new 'purchase' mortgages — Fixed Rate Mortgage, Adjustable-Rate Mortgage (an ARM, or also known as a variable rate mortgage), Hybrid ARMs, Construction, and Jumbo loans. Learn more about new purchase loans.

Refinancing
People refinance their existing mortgage for a variety of reasons. Get a better rate. Leverage the accumulated appreciation in their home. Pull out money to use for home improvements, college, or perhaps to develop a small business. Refinancing can also be a good financial tool to save money.Basically, there are two types of refinance loans: cash-out and rate-and-term. Learn more about refinancing.

Home Equity Loans
A home equity loan is a great way to get that cash without refinancing. Loan types include: Line of credit, second mortgage, and 125% LTV loans. Learn more about these home equity loan options.