Burlington USDA Loan Rates, Closing Costs & Stats
Burlington, IA-IL
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Burlington's 3 lenders originated 3 USDA loans during 2023. The total origination value was $535,000, with an average USDA loan value of $178,333.
Burlington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Burlington
averaged
6.65%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Burlington's average USDA mortgage closing costs are $4,276.
The average rate for the prior week (2024-04-12) was
6.8% and
one month ago for the week of 2024-03-15, the
average rate was 6.69%.
The average rate one year ago was 6.53%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Burlington USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Burlington level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.75% | $8,584 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 7.25% | $4,926 |
| Fortress Bank | 1 | 5.75% | $4,135 |
The top Burlington USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with
1 USDA loans originated. Their average total fees are
$8,584, which is $3,658
higher than the next largest lender,
AMERISAVE MORTGAGE CORPORATION.
The lowest fee Burlington USDA lenders (with over 10 loans originated) are
.
The lowest rate Burlington USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Burlington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $109,450 (-17.4%) | $146,841 (-16.8%) | 0.00 | 250 |
| 2018-02-01 | $116,125 (-10.6%) | $153,291 (-13.5%) | 0.00 | 231 |
| 2018-03-01 | $119,500 (-5.4%) | $154,531 (-7.5%) | 0.00 | 236 |
| 2018-04-01 | $119,000 (-8.4%) | $154,465 (-8.0%) | 0.00 | 241 |
| 2018-05-01 | $117,500 (-6.0%) | $154,546 (-8.2%) | 0.00 | 252 |
| 2018-06-01 | $119,000 (-1.4%) | $159,485 (-3.8%) | 0.00 | 259 |
| 2018-07-01 | $118,900 (-0.1%) | $163,325 (-0.4%) | 0.00 | 274 |
| 2018-08-01 | $115,000 (1.1%) | $160,939 (-0.5%) | 0.00 | 270 |
| 2018-09-01 | $109,900 (-4.0%) | $156,231 (-0.1%) | 0.00 | 282 |
| 2018-10-01 | $112,450 (-2.2%) | $158,365 (1.5%) | 0.00 | 293 |
| 2018-11-01 | $115,000 (-3.9%) | $156,368 (-3.2%) | 0.00 | 302 |
| 2018-12-01 | $114,999 (4.6%) | $160,570 (4.0%) | 0.00 | 294 |
| 2019-01-01 | $116,462 (6.4%) | $161,639 (10.1%) | 0.00 | 268 |
| 2019-02-01 | $119,825 (3.2%) | $165,998 (8.3%) | 0.00 | 262 |
| 2019-03-01 | $118,400 (-0.9%) | $165,706 (7.2%) | 0.00 | 254 |
| 2019-04-01 | $117,125 (-1.6%) | $167,131 (8.2%) | 0.00 | 252 |
| 2019-05-01 | $119,825 (2.0%) | $165,421 (7.0%) | 0.00 | 254 |
| 2019-06-01 | $119,750 (0.6%) | $165,914 (4.0%) | 0.00 | 252 |
| 2019-07-01 | $125,125 (5.2%) | $164,647 (0.8%) | 0.00 | 259 |
| 2019-08-01 | $125,455 (9.1%) | $159,265 (-1.0%) | 0.00 | 272 |
| 2019-09-01 | $125,761 (14.4%) | $159,367 (2.0%) | 0.00 | 287 |
| 2019-10-01 | $127,950 (13.8%) | $159,329 (0.6%) | 0.00 | 293 |
| 2019-11-01 | $129,900 (13.0%) | $156,345 (0.0%) | 0.00 | 282 |
| 2019-12-01 | $129,900 (13.0%) | $157,430 (-2.0%) | 0.00 | 277 |
| 2020-01-01 | $122,450 (5.1%) | $158,064 (-2.2%) | 0.00 | 290 |
| 2020-02-01 | $119,950 (0.1%) | $155,040 (-6.6%) | 0.00 | 288 |
| 2020-03-01 | $119,950 (1.3%) | $158,846 (-4.1%) | 0.00 | 299 |
| 2020-04-01 | $124,900 (6.6%) | $160,178 (-4.2%) | 0.00 | 286 |
| 2020-05-01 | $125,900 (5.1%) | $165,414 (0.0%) | 0.00 | 266 |
| 2020-06-01 | $133,950 (11.9%) | $171,841 (3.6%) | 0.00 | 263 |
| 2020-07-01 | $136,950 (9.5%) | $175,261 (6.5%) | 0.00 | 279 |
| 2020-08-01 | $137,500 (9.6%) | $175,653 (10.3%) | 0.00 | 280 |
| 2020-09-01 | $129,900 (3.3%) | $172,106 (8.0%) | 0.00 | 267 |
| 2020-10-01 | $129,900 (1.5%) | $167,314 (5.0%) | 0.00 | 260 |
| 2020-11-01 | $125,875 (-3.1%) | $166,536 (6.5%) | 0.00 | 248 |
| 2020-12-01 | $122,200 (-5.9%) | $164,770 (4.7%) | 0.00 | 224 |
| 2021-01-01 | $110,500 (-9.8%) | $153,496 (-2.9%) | 0.00 | 199 |
| 2021-02-01 | $108,450 (-9.6%) | $152,009 (-2.0%) | 0.00 | 173 |
| 2021-03-01 | $115,925 (-3.4%) | $159,547 (0.4%) | 0.00 | 170 |
| 2021-04-01 | $122,925 (-1.6%) | $160,005 (-0.1%) | 0.00 | 171 |
| 2021-05-01 | $139,900 (11.1%) | $167,560 (1.3%) | 0.00 | 165 |
| 2021-06-01 | $136,925 (2.2%) | $167,936 (-2.3%) | 0.00 | 169 |
| 2021-07-01 | $139,950 (2.2%) | $169,371 (-3.4%) | 0.00 | 164 |
| 2021-08-01 | $134,900 (-1.9%) | $161,265 (-8.2%) | 0.00 | 163 |
| 2021-09-01 | $132,675 (2.1%) | $155,465 (-9.7%) | 0.00 | 166 |
| 2021-10-01 | $122,900 (-5.4%) | $147,449 (-11.9%) | 0.00 | 183 |
| 2021-11-01 | $124,900 (-0.8%) | $152,145 (-8.6%) | 0.00 | 165 |
| 2021-12-01 | $130,050 (6.4%) | $152,130 (-7.7%) | 0.00 | 124 |
| 2022-01-01 | $138,400 (25.3%) | $152,262 (-0.8%) | 0.00 | 121 |
| 2022-02-01 | $127,500 (17.6%) | $153,042 (0.7%) | 0.00 | 112 |
| 2022-03-01 | $133,675 (15.3%) | $153,352 (-3.9%) | 0.00 | 93 |
| 2022-04-01 | $135,000 (9.8%) | $157,131 (-1.8%) | 0.00 | 77 |
| 2022-05-01 | $137,000 (-2.1%) | $151,736 (-9.4%) | 0.00 | 88 |
| 2022-06-01 | $140,000 (2.3%) | $154,914 (-7.8%) | 0.00 | 111 |
| 2022-07-01 | $139,950 (0.0%) | $158,465 (-6.4%) | 0.00 | 123 |
| 2022-08-01 | $139,500 (3.4%) | $167,641 (4.0%) | 0.00 | 100 |
| 2022-09-01 | $150,000 (13.1%) | $175,917 (13.2%) | 0.00 | 99 |
| 2022-10-01 | $158,950 (29.3%) | $187,337 (27.1%) | 0.00 | 97 |
| 2022-11-01 | $146,450 (17.3%) | $169,351 (11.3%) | 0.00 | 115 |
| 2022-12-01 | $149,000 (14.6%) | $168,357 (10.7%) | 0.00 | 107 |
| 2023-01-01 | $157,900 (14.1%) | $170,426 (11.9%) | 0.00 | 94 |
| 2023-02-01 | $151,150 (18.6%) | $165,714 (8.3%) | 0.00 | 81 |
| 2023-03-01 | $142,450 (6.6%) | $163,204 (6.4%) | 0.00 | 71 |
| 2023-04-01 | $139,900 (3.6%) | $169,011 (7.6%) | 0.00 | 75 |
| 2023-05-01 | $160,000 (16.8%) | $189,559 (24.9%) | 0.00 | 89 |
| 2023-06-01 | $159,900 (14.2%) | $186,956 (20.7%) | 0.00 | 95 |
| 2023-07-01 | $159,450 (13.9%) | $189,146 (19.4%) | 0.00 | 91 |
| 2023-08-01 | $164,675 (18.1%) | $187,598 (11.9%) | 0.00 | 101 |
| 2023-09-01 | $136,000 (-9.3%) | $169,152 (-3.9%) | 0.00 | 108 |
| 2023-10-01 | $139,900 (-12.0%) | $176,824 (-5.6%) | 0.00 | 114 |
| 2023-11-01 | $131,875 (-10.0%) | $174,702 (3.2%) | 0.00 | 109 |
| 2023-12-01 | $129,950 (-12.8%) | $170,475 (1.3%) | 0.00 | 94 |
| 2024-01-01 | $123,675 (-21.7%) | $167,649 (-1.6%) | 0.00 | 83 |
| 2024-02-01 | $131,475 (-13.0%) | $180,734 (9.1%) | 0.00 | 74 |
| 2024-03-01 | $154,900 (8.7%) | $193,536 (18.6%) | 0.00 | 87 |
Burlington's median listing price comes in at 0% of the national average.
Burlington's average listing price for 2024-03-01 was $193,536, a difference of $30,332 (18.6%) versus the prior year and $12,802 versus the prior month.
For the 2024-03-01 period, Burlington had 87 MLS listings, a difference of 13 listings (18%) versus the prior month and 16 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Burlington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,484 sqft |
| 2018-02-01 | 0 days | 1,513 sqft |
| 2018-03-01 | 0 days | 1,500 sqft |
| 2018-04-01 | 0 days | 1,523 sqft |
| 2018-05-01 | 0 days | 1,548 sqft |
| 2018-06-01 | 0 days | 1,600 sqft |
| 2018-07-01 | 0 days | 1,594 sqft |
| 2018-08-01 | 0 days | 1,561 sqft |
| 2018-09-01 | 0 days | 1,536 sqft |
| 2018-10-01 | 0 days | 1,518 sqft |
| 2018-11-01 | 0 days | 1,535 sqft |
| 2018-12-01 | 0 days | 1,500 sqft |
| 2019-01-01 | 0 days | 1,463 sqft |
| 2019-02-01 | 0 days | 1,484 sqft |
| 2019-03-01 | 0 days | 1,478 sqft |
| 2019-04-01 | 0 days | 1,505 sqft |
| 2019-05-01 | 0 days | 1,551 sqft |
| 2019-06-01 | 0 days | 1,598 sqft |
| 2019-07-01 | 0 days | 1,592 sqft |
| 2019-08-01 | 0 days | 1,587 sqft |
| 2019-09-01 | 0 days | 1,589 sqft |
| 2019-10-01 | 0 days | 1,594 sqft |
| 2019-11-01 | 0 days | 1,574 sqft |
| 2019-12-01 | 0 days | 1,500 sqft |
| 2020-01-01 | 0 days | 1,679 sqft |
| 2020-02-01 | 0 days | 1,473 sqft |
| 2020-03-01 | 0 days | 1,473 sqft |
| 2020-04-01 | 0 days | 1,487 sqft |
| 2020-05-01 | 0 days | 1,500 sqft |
| 2020-06-01 | 0 days | 1,561 sqft |
| 2020-07-01 | 0 days | 1,574 sqft |
| 2020-08-01 | 0 days | 1,590 sqft |
| 2020-09-01 | 0 days | 1,593 sqft |
| 2020-10-01 | 0 days | 1,585 sqft |
| 2020-11-01 | 0 days | 1,578 sqft |
| 2020-12-01 | 0 days | 1,491 sqft |
| 2021-01-01 | 0 days | 1,482 sqft |
| 2021-02-01 | 0 days | 1,484 sqft |
| 2021-03-01 | 0 days | 1,500 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,497 sqft |
| 2021-06-01 | 0 days | 1,487 sqft |
| 2021-07-01 | 0 days | 1,460 sqft |
| 2021-08-01 | 0 days | 1,407 sqft |
| 2021-09-01 | 0 days | 1,426 sqft |
| 2021-10-01 | 0 days | 1,406 sqft |
| 2021-11-01 | 0 days | 1,388 sqft |
| 2021-12-01 | 0 days | 1,395 sqft |
| 2022-01-01 | 0 days | 1,393 sqft |
| 2022-02-01 | 0 days | 1,450 sqft |
| 2022-03-01 | 0 days | 1,460 sqft |
| 2022-04-01 | 0 days | 1,440 sqft |
| 2022-05-01 | 0 days | 1,360 sqft |
| 2022-06-01 | 0 days | 1,336 sqft |
| 2022-07-01 | 0 days | 1,341 sqft |
| 2022-08-01 | 0 days | 1,434 sqft |
| 2022-09-01 | 0 days | 1,452 sqft |
| 2022-10-01 | 0 days | 1,470 sqft |
| 2022-11-01 | 0 days | 1,448 sqft |
| 2022-12-01 | 0 days | 1,486 sqft |
| 2023-01-01 | 0 days | 1,539 sqft |
| 2023-02-01 | 0 days | 1,524 sqft |
| 2023-03-01 | 0 days | 1,461 sqft |
| 2023-04-01 | 0 days | 1,486 sqft |
| 2023-05-01 | 0 days | 1,501 sqft |
| 2023-06-01 | 0 days | 1,481 sqft |
| 2023-07-01 | 0 days | 1,439 sqft |
| 2023-08-01 | 0 days | 1,441 sqft |
| 2023-09-01 | 0 days | 1,407 sqft |
| 2023-10-01 | 0 days | 1,432 sqft |
| 2023-11-01 | 0 days | 1,401 sqft |
| 2023-12-01 | 0 days | 1,438 sqft |
| 2024-01-01 | 0 days | 1,467 sqft |
| 2024-02-01 | 0 days | 1,512 sqft |
| 2024-03-01 | 0 days | 1,460 sqft |
Burlington's median square footage for active listings during the 2024-03-01 period was 1,460 sqft. One year prior, the average listing was 1,461 sqft.