Burlington USDA Loan Rates, Closing Costs & Stats
BURLINGTON, NC
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 9 lenders originated 14 USDA loans during 2023. The total origination value was $3,610,000, with an average USDA loan value of $257,857.
Burlington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Burlington
averaged
5.99%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Burlington's average USDA mortgage closing costs are $5,605.
The average rate for the prior week (2025-02-07) was
6.24% and
one month ago for the week of 2025-01-10, the
average rate was 6.39%.
The average rate one year ago was 5.98%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.52%.
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 |
|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | 3 | 5.16% | $5,907 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 3 | 6.38% | $11,050 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.50% | $9,573 |
| LOANDEPOT.COM, LLC | 1 | 4.88% | $9,369 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.63% | $9,900 |
| Alcova Mortgage LLC | 1 | 6.88% | $6,212 |
| Victorian Finance, LLC | 1 | 6.38% | $7,010 |
| Equity Prime Mortgage LLC | 1 | 6.75% | $11,668 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $6,206 |
The top Burlington USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
3 USDA loans originated. Their average total fees are
$5,907, which is $5,144
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
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 | $197,450 (16.2%) | $267,815 (28.3%) | 0.73 | 629 |
| 2018-02-01 | $198,925 (16.7%) | $269,163 (25.6%) | 0.72 | 593 |
| 2018-03-01 | $215,000 (19.0%) | $275,110 (22.8%) | 0.76 | 535 |
| 2018-04-01 | $214,519 (22.6%) | $252,938 (10.5%) | 0.73 | 484 |
| 2018-05-01 | $221,995 (23.7%) | $266,911 (0.7%) | 0.74 | 499 |
| 2018-06-01 | $223,950 (26.5%) | $272,446 (3.2%) | 0.74 | 478 |
| 2018-07-01 | $221,700 (23.7%) | $272,581 (3.2%) | 0.74 | 476 |
| 2018-08-01 | $217,925 (23.5%) | $254,470 (-0.6%) | 0.73 | 450 |
| 2018-09-01 | $229,000 (29.0%) | $256,879 (2.4%) | 0.77 | 445 |
| 2018-10-01 | $225,000 (24.4%) | $253,821 (1.4%) | 0.76 | 490 |
| 2018-11-01 | $227,725 (21.8%) | $262,284 (2.6%) | 0.78 | 467 |
| 2018-12-01 | $227,500 (20.4%) | $262,431 (3.1%) | 0.80 | 448 |
| 2019-01-01 | $232,901 (18.0%) | $259,851 (-3.0%) | 0.81 | 423 |
| 2019-02-01 | $243,255 (22.3%) | $271,465 (0.9%) | 0.83 | 396 |
| 2019-03-01 | $249,070 (15.9%) | $275,064 (0.0%) | 0.82 | 373 |
| 2019-04-01 | $252,878 (17.9%) | $275,710 (9.0%) | 0.80 | 350 |
| 2019-05-01 | $255,000 (14.9%) | $283,832 (6.3%) | 0.80 | 357 |
| 2019-06-01 | $259,900 (16.1%) | $286,120 (5.0%) | 0.80 | 343 |
| 2019-07-01 | $249,975 (12.8%) | $295,930 (8.6%) | 0.78 | 352 |
| 2019-08-01 | $246,462 (13.1%) | $293,485 (15.3%) | 0.78 | 356 |
| 2019-09-01 | $241,230 (5.3%) | $289,473 (12.7%) | 0.77 | 363 |
| 2019-10-01 | $238,511 (6.0%) | $288,114 (13.5%) | 0.77 | 355 |
| 2019-11-01 | $234,950 (3.2%) | $281,412 (7.3%) | 0.78 | 326 |
| 2019-12-01 | $230,450 (1.3%) | $279,379 (6.5%) | 0.78 | 312 |
| 2020-01-01 | $242,963 (4.3%) | $292,116 (12.4%) | 0.82 | 321 |
| 2020-02-01 | $248,950 (2.3%) | $310,188 (14.3%) | 0.82 | 297 |
| 2020-03-01 | $249,999 (0.4%) | $307,664 (11.9%) | 0.79 | 311 |
| 2020-04-01 | $260,228 (2.9%) | $319,400 (15.9%) | 0.82 | 335 |
| 2020-05-01 | $269,950 (5.9%) | $344,931 (21.5%) | 0.82 | 268 |
| 2020-06-01 | $287,523 (10.6%) | $363,359 (27.0%) | 0.84 | 233 |
| 2020-07-01 | $280,473 (12.2%) | $324,164 (9.5%) | 0.81 | 224 |
| 2020-08-01 | $289,500 (17.5%) | $346,460 (18.1%) | 0.83 | 210 |
| 2020-09-01 | $298,348 (23.7%) | $335,538 (15.9%) | 0.85 | 211 |
| 2020-10-01 | $279,700 (17.3%) | $328,503 (14.0%) | 0.79 | 211 |
| 2020-11-01 | $288,725 (22.9%) | $344,082 (22.3%) | 0.84 | 192 |
| 2020-12-01 | $289,878 (25.8%) | $343,929 (23.1%) | 0.86 | 175 |
| 2021-01-01 | $295,000 (21.4%) | $350,066 (19.8%) | 0.85 | 148 |
| 2021-02-01 | $275,132 (10.5%) | $340,902 (9.9%) | 0.79 | 145 |
| 2021-03-01 | $274,037 (9.6%) | $359,424 (16.8%) | 0.81 | 114 |
| 2021-04-01 | $299,700 (15.2%) | $387,251 (21.2%) | 0.81 | 101 |
| 2021-05-01 | $282,445 (4.6%) | $368,495 (6.8%) | 0.76 | 124 |
| 2021-06-01 | $274,618 (-4.5%) | $386,383 (6.3%) | 0.72 | 128 |
| 2021-07-01 | $286,000 (2.0%) | $383,193 (18.2%) | 0.75 | 149 |
| 2021-08-01 | $289,945 (0.2%) | $365,305 (5.4%) | 0.77 | 169 |
| 2021-09-01 | $289,375 (-3.0%) | $372,784 (11.1%) | 0.78 | 185 |
| 2021-10-01 | $290,000 (3.7%) | $358,187 (9.0%) | 0.77 | 174 |
| 2021-11-01 | $290,870 (0.7%) | $350,903 (2.0%) | 0.78 | 187 |
| 2021-12-01 | $314,876 (8.6%) | $368,380 (7.1%) | 0.85 | 169 |
| 2022-01-01 | $336,393 (14.0%) | $378,912 (8.2%) | 0.92 | 131 |
| 2022-02-01 | $321,473 (16.8%) | $379,846 (11.4%) | 0.84 | 102 |
| 2022-03-01 | $352,878 (28.8%) | $407,994 (13.5%) | 0.88 | 98 |
| 2022-04-01 | $371,635 (24.0%) | $414,487 (7.0%) | 0.89 | 104 |
| 2022-05-01 | $363,225 (28.6%) | $397,348 (7.8%) | 0.83 | 125 |
| 2022-06-01 | $377,596 (37.5%) | $434,938 (12.6%) | 0.85 | 172 |
| 2022-07-01 | $385,000 (34.6%) | $436,899 (14.0%) | 0.87 | 213 |
| 2022-08-01 | $362,450 (25.0%) | $383,152 (4.9%) | 0.84 | 240 |
| 2022-09-01 | $355,083 (22.7%) | $380,724 (2.1%) | 0.83 | 232 |
| 2022-10-01 | $357,415 (23.3%) | $381,533 (6.5%) | 0.85 | 230 |
| 2022-11-01 | $367,475 (26.3%) | $385,955 (10.0%) | 0.88 | 283 |
| 2022-12-01 | $351,940 (11.8%) | $371,205 (0.8%) | 0.87 | 292 |
| 2023-01-01 | $360,850 (7.3%) | $375,180 (-1.0%) | 0.90 | 297 |
| 2023-02-01 | $359,975 (12.0%) | $381,682 (0.5%) | 0.87 | 272 |
| 2023-03-01 | $365,000 (3.4%) | $382,371 (-6.3%) | 0.87 | 244 |
| 2023-04-01 | $365,000 (-1.8%) | $391,280 (-5.6%) | 0.85 | 259 |
| 2023-05-01 | $363,220 (0.0%) | $388,079 (-2.3%) | 0.82 | 272 |
| 2023-06-01 | $365,250 (-3.3%) | $396,003 (-9.0%) | 0.82 | 295 |
| 2023-07-01 | $359,900 (-6.5%) | $394,165 (-9.8%) | 0.82 | 295 |
| 2023-08-01 | $360,215 (-0.6%) | $394,134 (2.9%) | 0.83 | 304 |
| 2023-09-01 | $359,240 (1.2%) | $383,767 (0.8%) | 0.84 | 343 |
| 2023-10-01 | $352,535 (-1.4%) | $383,364 (0.5%) | 0.83 | 355 |
| 2023-11-01 | $357,544 (-2.7%) | $381,340 (-1.2%) | 0.85 | 375 |
| 2023-12-01 | $344,990 (-2.0%) | $382,247 (3.0%) | 0.84 | 431 |
| 2024-01-01 | $339,968 (-5.8%) | $371,973 (-0.9%) | 0.83 | 381 |
| 2024-02-01 | $336,000 (-6.7%) | $369,464 (-3.2%) | 0.81 | 364 |
| 2024-03-01 | $331,495 (-9.2%) | $366,828 (-4.1%) | 0.78 | 335 |
| 2024-04-01 | $354,473 (-2.9%) | $388,215 (-0.8%) | 0.82 | 340 |
| 2024-05-01 | $351,748 (-3.2%) | $396,720 (2.2%) | 0.81 | 361 |
| 2024-06-01 | $359,900 (-1.5%) | $394,882 (-0.3%) | 0.82 | 377 |
| 2024-07-01 | $358,240 (-0.5%) | $393,063 (-0.3%) | 0.82 | 424 |
| 2024-08-01 | $351,990 (-2.3%) | $396,857 (0.7%) | 0.82 | 486 |
| 2024-09-01 | $354,248 (-1.4%) | $395,161 (3.0%) | 0.83 | 479 |
| 2024-10-01 | $354,990 (0.7%) | $387,097 (1.0%) | 0.84 | 522 |
| 2024-11-01 | $357,000 (-0.2%) | $381,205 (0.0%) | 0.86 | 532 |
| 2024-12-01 | $355,030 (2.9%) | $380,376 (-0.5%) | 0.88 | 514 |
| 2025-01-01 | $354,948 (4.4%) | $374,519 (0.7%) | 0.00 | 472 |
Burlington's median listing price comes in at 0% of the national average.
Burlington's average listing price for 2025-01-01 was $374,519, a difference of $2,546 (0.7%) versus the prior year and $-5,857 versus the prior month.
For the 2025-01-01 period, Burlington had 472 MLS listings, a difference of -42 listings (-8%) versus the prior month and 91 listings (24%) 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 | 105 days | 1,960 sqft |
| 2018-02-01 | 95 days | 1,937 sqft |
| 2018-03-01 | 68 days | 1,961 sqft |
| 2018-04-01 | 63 days | 1,980 sqft |
| 2018-05-01 | 60 days | 1,964 sqft |
| 2018-06-01 | 54 days | 1,981 sqft |
| 2018-07-01 | 70 days | 1,935 sqft |
| 2018-08-01 | 67 days | 1,933 sqft |
| 2018-09-01 | 68 days | 1,951 sqft |
| 2018-10-01 | 63 days | 1,940 sqft |
| 2018-11-01 | 71 days | 1,955 sqft |
| 2018-12-01 | 74 days | 1,937 sqft |
| 2019-01-01 | 87 days | 2,001 sqft |
| 2019-02-01 | 91 days | 2,088 sqft |
| 2019-03-01 | 71 days | 2,098 sqft |
| 2019-04-01 | 64 days | 2,083 sqft |
| 2019-05-01 | 43 days | 2,099 sqft |
| 2019-06-01 | 48 days | 2,187 sqft |
| 2019-07-01 | 53 days | 2,070 sqft |
| 2019-08-01 | 51 days | 2,022 sqft |
| 2019-09-01 | 52 days | 1,976 sqft |
| 2019-10-01 | 54 days | 1,950 sqft |
| 2019-11-01 | 48 days | 1,946 sqft |
| 2019-12-01 | 59 days | 1,922 sqft |
| 2020-01-01 | 66 days | 1,944 sqft |
| 2020-02-01 | 54 days | 1,942 sqft |
| 2020-03-01 | 43 days | 2,010 sqft |
| 2020-04-01 | 42 days | 2,066 sqft |
| 2020-05-01 | 58 days | 2,155 sqft |
| 2020-06-01 | 57 days | 2,200 sqft |
| 2020-07-01 | 38 days | 2,134 sqft |
| 2020-08-01 | 40 days | 2,117 sqft |
| 2020-09-01 | 32 days | 2,143 sqft |
| 2020-10-01 | 31 days | 2,060 sqft |
| 2020-11-01 | 41 days | 2,026 sqft |
| 2020-12-01 | 58 days | 2,048 sqft |
| 2021-01-01 | 60 days | 1,929 sqft |
| 2021-02-01 | 29 days | 1,860 sqft |
| 2021-03-01 | 27 days | 1,892 sqft |
| 2021-04-01 | 25 days | 1,923 sqft |
| 2021-05-01 | 16 days | 1,796 sqft |
| 2021-06-01 | 21 days | 1,861 sqft |
| 2021-07-01 | 23 days | 1,850 sqft |
| 2021-08-01 | 21 days | 1,874 sqft |
| 2021-09-01 | 30 days | 1,916 sqft |
| 2021-10-01 | 33 days | 1,825 sqft |
| 2021-11-01 | 28 days | 1,866 sqft |
| 2021-12-01 | 37 days | 1,989 sqft |
| 2022-01-01 | 46 days | 1,964 sqft |
| 2022-02-01 | 37 days | 1,899 sqft |
| 2022-03-01 | 25 days | 1,973 sqft |
| 2022-04-01 | 13 days | 1,984 sqft |
| 2022-05-01 | 19 days | 1,909 sqft |
| 2022-06-01 | 19 days | 2,084 sqft |
| 2022-07-01 | 28 days | 2,109 sqft |
| 2022-08-01 | 30 days | 2,026 sqft |
| 2022-09-01 | 39 days | 2,003 sqft |
| 2022-10-01 | 43 days | 2,050 sqft |
| 2022-11-01 | 45 days | 2,079 sqft |
| 2022-12-01 | 49 days | 1,953 sqft |
| 2023-01-01 | 60 days | 2,001 sqft |
| 2023-02-01 | 56 days | 2,020 sqft |
| 2023-03-01 | 52 days | 1,993 sqft |
| 2023-04-01 | 36 days | 2,026 sqft |
| 2023-05-01 | 39 days | 1,990 sqft |
| 2023-06-01 | 40 days | 2,028 sqft |
| 2023-07-01 | 43 days | 1,984 sqft |
| 2023-08-01 | 45 days | 1,966 sqft |
| 2023-09-01 | 44 days | 1,939 sqft |
| 2023-10-01 | 48 days | 1,904 sqft |
| 2023-11-01 | 50 days | 1,910 sqft |
| 2023-12-01 | 55 days | 1,902 sqft |
| 2024-01-01 | 58 days | 1,875 sqft |
| 2024-02-01 | 60 days | 1,893 sqft |
| 2024-03-01 | 55 days | 1,802 sqft |
| 2024-04-01 | 50 days | 1,929 sqft |
| 2024-05-01 | 42 days | 1,914 sqft |
| 2024-06-01 | 40 days | 1,925 sqft |
| 2024-07-01 | 44 days | 1,926 sqft |
| 2024-08-01 | 47 days | 1,927 sqft |
| 2024-09-01 | 50 days | 1,912 sqft |
| 2024-10-01 | 44 days | 1,868 sqft |
| 2024-11-01 | 50 days | 1,902 sqft |
| 2024-12-01 | 61 days | 1,908 sqft |
| 2025-01-01 | 0 days | 1,877 sqft |
Burlington's median square footage for active listings during the 2025-01-01 period was 1,877 sqft. One year prior, the average listing was 1,875 sqft.