Success Stories

Read about how successful these members have been!

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HopeBuilders Breakfast

Attend one of our informational HopeBuilders breakfasts to learn more about the Champlain Housing Trust and the affordable housing work we do in northwestern Vermont.

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How To Refinance Your Shared Equity Home  

Shared Equity homeowners have a couple of extra considerations when deciding whether or not to refinance their first mortgage. To clarify the process and to make sure that homeowners don’t end up “under water”, refinance counseling is required by CHT prior to meeting with a lender. Below are the steps involved in the refinance of a SEP home: 

  • Attend refinance counseling with Janet Harvey-Coutrayer. You may contact her at or 802-861-7339 to set up an appointment. 
    • Janet will run numbers with you to make sure you have the equity in your property to do a refinance as well as making sure it makes financial sense. She’ll also clarify what fees are involved and explain the process.

      CHT Financing Policy CHT Financing Policy (77 KB)

  • Meet with a lender to complete an application. Gather all your documents first. -Not all lenders can refinance a shared equity home so discuss options with Janet. 
  • Pay the lender for the appraisal if applicable. This will be approximately $400.
  • Schedule the appraisal with the appraiser (if applicable).
  • Wait to hear from Jaclyn Marcotte at CHT that all the funder and CHT approvals are in.
  • Sign an attorney authorization form with CHT so the legal paperwork can begin.
  • Check with your lender regarding when and where the closing will be held.
  • Request any legal documents to review 24 hours prior to the closing. Review the documents so you can ask any questions at the closing.
  • Attend the closing. Be sure to bring any necessary funds (usually in the form of a bank check) as well as your identification.

Lenders for Refinancing

Shared Equity Program Open Market Lenders
New England Federal Credit Union JEANNE BOUCHER (Burlington) 879-8579
TIM DONLAN (St Albans) 879-8579
North Country Federal Credit Union JENNA LONG (Burlington) 859-7546
KARRIE NELSON (Burlington) 264-6771
Northfield Saving Bank ROGER PINAN (Williston) 878-5974
NICOLE HAYES (South Burlington) 871-4607
Opportunities Credit Union TIM CARPENTER (Burlington) 865-2003 x145
Peoples United Bank MICHAEL LANGUASCO (Burlington) 660-7460
Vermont Federal Credit Union TIM POIRIER (Burlington) 923-1172