Vermont Contract for Deed

Not all home buyers can qualify for a mortgage loan. This Contract for Deed allows sellers in Vermont to effectively finance the transaction for the buyer.

  • A contract for deed (or purchase money mortgage) allows a buyer to pay the balance of the purchase price over time, with the seller carrying the balance until the last payment is made. The seller effectively becomes the mortgage lender for the transaction.
  • The title deed is held by the seller and will transfer to the buyer once all of the purchase price (plus any applicable interest) has been paid to the seller.
  • The seller has the right to take back the property if the buyer defaults in its payments.
  • The seller can determine whether the balance is to be repaid by monthly payments (with or without interest), or by monthly payments with interest for a fixed number of payments with one final balloon payment at the end.
  • The form is available in MS Word format and is fully editable to fit your exact circumstances.
  • Intended to be used only in the State of Vermont.
Document Type: Microsoft Word
Last Updated: 13-March-2025
SKU: 5007
$17.99