Burlington USDA Loan Rates, Closing Costs & Stats

BURLINGTON-SOUTH BURLINGTON, VT

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    • 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 5 lenders originated 11 USDA loans during 2023. The total origination value was $3,125,000, with an average USDA loan value of $284,091.

    Burlington USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Burlington averaged 6.87% 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 $5,682.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.71%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    GUARANTEED RATE, INC. 1 6.08% $10,226
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $7,242
    NORTHEAST HOME LOAN, LLC 1 6.00% $8,963
    Paramount Residential Mortgage Group, Inc. 1 5.63% $8,869
    UNITED WHOLESALE MORTGAGE, LLC 1 7.17% $6,978

    The top Burlington USDA lender as defined by loan originations is GUARANTEED RATE, INC., with 1 USDA loans originated. Their average total fees are $10,226, which is $2,984 higher than the next largest lender, HOMEBRIDGE FINANCIAL SERVICES, INC..

    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 $299,700 (0.6%) $383,498 (2.5%) 1.11 739
    2018-02-01 $299,900 (0.0%) $387,393 (1.2%) 1.09 707
    2018-03-01 $299,950 (-4.8%) $386,713 (-1.0%) 1.05 728
    2018-04-01 $314,950 (0.1%) $396,415 (3.6%) 1.07 754
    2018-05-01 $319,450 (0.0%) $401,608 (2.8%) 1.07 813
    2018-06-01 $320,000 (0.0%) $401,100 (1.3%) 1.07 907
    2018-07-01 $320,892 (-1.0%) $399,656 (0.9%) 1.07 952
    2018-08-01 $317,750 (-0.3%) $394,423 (0.6%) 1.06 992
    2018-09-01 $315,000 (0.2%) $402,499 (2.2%) 1.06 975
    2018-10-01 $309,900 (2.5%) $399,985 (3.2%) 1.05 961
    2018-11-01 $308,500 (2.9%) $395,877 (3.1%) 1.05 908
    2018-12-01 $305,000 (1.7%) $389,199 (2.2%) 1.05 807
    2019-01-01 $305,000 (1.8%) $379,914 (-0.9%) 1.05 728
    2019-02-01 $309,450 (3.2%) $385,842 (-0.4%) 1.05 718
    2019-03-01 $314,929 (5.0%) $393,548 (1.8%) 1.03 722
    2019-04-01 $319,450 (1.4%) $402,634 (1.6%) 1.01 723
    2019-05-01 $320,000 (0.2%) $408,487 (1.7%) 1.00 756
    2019-06-01 $324,900 (1.5%) $410,875 (2.4%) 1.02 802
    2019-07-01 $325,000 (1.3%) $410,111 (2.6%) 1.02 835
    2019-08-01 $326,091 (2.6%) $415,531 (5.4%) 1.03 853
    2019-09-01 $327,727 (4.0%) $425,862 (5.8%) 1.05 837
    2019-10-01 $329,450 (6.3%) $434,785 (8.7%) 1.06 809
    2019-11-01 $329,000 (6.7%) $430,532 (8.8%) 1.08 725
    2019-12-01 $323,600 (6.1%) $409,136 (5.1%) 1.08 643
    2020-01-01 $324,900 (6.5%) $410,022 (7.9%) 1.09 562
    2020-02-01 $325,000 (5.0%) $413,361 (7.1%) 1.06 536
    2020-03-01 $339,900 (7.9%) $427,432 (8.6%) 1.07 546
    2020-04-01 $349,500 (9.4%) $433,935 (7.8%) 1.09 533
    2020-05-01 $350,000 (9.4%) $445,070 (9.0%) 1.06 546
    2020-06-01 $377,000 (16.0%) $476,105 (15.9%) 1.11 535
    2020-07-01 $377,450 (16.1%) $472,357 (15.2%) 1.09 504
    2020-08-01 $369,900 (13.4%) $481,500 (15.9%) 1.06 469
    2020-09-01 $372,450 (13.7%) $479,793 (12.7%) 1.07 470
    2020-10-01 $392,750 (19.2%) $487,945 (12.2%) 1.13 440
    2020-11-01 $393,875 (19.7%) $492,611 (14.4%) 1.15 384
    2020-12-01 $398,000 (23.0%) $489,074 (19.5%) 1.18 315
    2021-01-01 $399,000 (22.8%) $472,510 (15.2%) 1.19 274
    2021-02-01 $397,888 (22.4%) $487,772 (18.0%) 1.16 222
    2021-03-01 $422,950 (24.4%) $524,182 (22.6%) 1.20 219
    2021-04-01 $419,975 (20.2%) $499,073 (15.0%) 1.14 259
    2021-05-01 $419,900 (20.0%) $509,262 (14.4%) 1.12 268
    2021-06-01 $427,250 (13.3%) $502,218 (5.5%) 1.12 319
    2021-07-01 $420,000 (11.3%) $498,207 (5.5%) 1.11 340
    2021-08-01 $429,950 (16.2%) $502,600 (4.4%) 1.15 321
    2021-09-01 $424,925 (14.1%) $512,204 (6.8%) 1.13 300
    2021-10-01 $424,900 (8.2%) $508,813 (4.3%) 1.13 247
    2021-11-01 $401,250 (1.9%) $512,178 (4.0%) 1.07 223
    2021-12-01 $421,225 (5.8%) $529,827 (8.3%) 1.14 184
    2022-01-01 $430,000 (7.8%) $504,104 (6.7%) 1.16 138
    2022-02-01 $451,888 (13.6%) $495,080 (1.5%) 1.18 130
    2022-03-01 $459,725 (8.7%) $510,896 (-2.5%) 1.15 137
    2022-04-01 $429,900 (2.4%) $495,522 (-0.7%) 1.02 159
    2022-05-01 $437,000 (4.1%) $533,471 (4.8%) 1.00 182
    2022-06-01 $480,750 (12.5%) $565,683 (12.6%) 1.07 237
    2022-07-01 $475,000 (13.1%) $558,955 (12.2%) 1.07 265
    2022-08-01 $466,950 (8.6%) $573,833 (14.2%) 1.08 252
    2022-09-01 $467,225 (10.0%) $555,807 (8.5%) 1.09 254
    2022-10-01 $469,900 (10.6%) $549,457 (8.0%) 1.11 261
    2022-11-01 $462,425 (15.3%) $589,776 (15.2%) 1.11 239
    2022-12-01 $479,000 (13.7%) $609,726 (15.1%) 1.18 188
    2023-01-01 $461,200 (7.3%) $624,516 (23.9%) 1.14 166
    2023-02-01 $468,675 (3.7%) $620,194 (25.3%) 1.13 170
    2023-03-01 $479,000 (4.2%) $628,909 (23.1%) 1.13 159
    2023-04-01 $472,200 (9.8%) $536,822 (8.3%) 1.10 180
    2023-05-01 $490,000 (12.1%) $554,491 (3.9%) 1.11 212
    2023-06-01 $498,950 (3.8%) $601,383 (6.3%) 1.12 221
    2023-07-01 $492,200 (3.6%) $607,856 (8.8%) 1.12 256
    2023-08-01 $497,750 (6.6%) $623,350 (8.6%) 1.14 275
    2023-09-01 $495,000 (5.9%) $635,538 (14.3%) 1.15 287
    2023-10-01 $499,000 (6.2%) $739,230 (34.5%) 1.17 285
    2023-11-01 $517,438 (11.9%) $737,738 (25.1%) 1.23 286
    2023-12-01 $509,850 (6.4%) $746,266 (22.4%) 1.24 229
    2024-01-01 $522,450 (13.3%) $780,416 (25.0%) 1.28 207
    2024-02-01 $515,000 (9.9%) $696,461 (12.3%) 1.24 191
    2024-03-01 $499,000 (4.2%) $686,988 (9.2%) 1.17 216
    Burlington's median listing price for 2024-03-01 was $499,000, a difference of $20,000 (4.2%) versus the prior year and $-16,000 versus the prior month.

    Burlington's median listing price comes in at 117% of the national average.

    Burlington's average listing price for 2024-03-01 was $686,988, a difference of $58,079 (9.2%) versus the prior year and $-9,473 versus the prior month.

    For the 2024-03-01 period, Burlington had 216 MLS listings, a difference of 25 listings (13%) versus the prior month and 57 listings (36%) 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
    2018-01-01 122 days 1,900 sqft
    2018-02-01 128 days 1,900 sqft
    2018-03-01 111 days 1,904 sqft
    2018-04-01 64 days 1,904 sqft
    2018-05-01 51 days 1,909 sqft
    2018-06-01 50 days 1,918 sqft
    2018-07-01 59 days 1,937 sqft
    2018-08-01 68 days 1,915 sqft
    2018-09-01 72 days 1,922 sqft
    2018-10-01 83 days 1,913 sqft
    2018-11-01 91 days 1,900 sqft
    2018-12-01 106 days 1,873 sqft
    2019-01-01 121 days 1,872 sqft
    2019-02-01 128 days 1,887 sqft
    2019-03-01 107 days 1,895 sqft
    2019-04-01 81 days 1,903 sqft
    2019-05-01 64 days 1,960 sqft
    2019-06-01 48 days 1,922 sqft
    2019-07-01 56 days 1,922 sqft
    2019-08-01 62 days 1,941 sqft
    2019-09-01 69 days 1,970 sqft
    2019-10-01 73 days 1,988 sqft
    2019-11-01 80 days 1,993 sqft
    2019-12-01 99 days 1,930 sqft
    2020-01-01 106 days 1,911 sqft
    2020-02-01 103 days 1,927 sqft
    2020-03-01 70 days 1,933 sqft
    2020-04-01 77 days 1,935 sqft
    2020-05-01 71 days 1,964 sqft
    2020-06-01 49 days 2,008 sqft
    2020-07-01 52 days 1,992 sqft
    2020-08-01 52 days 2,000 sqft
    2020-09-01 46 days 1,979 sqft
    2020-10-01 53 days 1,904 sqft
    2020-11-01 69 days 1,904 sqft
    2020-12-01 86 days 1,894 sqft
    2021-01-01 102 days 1,872 sqft
    2021-02-01 87 days 1,857 sqft
    2021-03-01 33 days 1,880 sqft
    2021-04-01 19 days 1,872 sqft
    2021-05-01 27 days 1,828 sqft
    2021-06-01 21 days 1,857 sqft
    2021-07-01 26 days 1,848 sqft
    2021-08-01 35 days 1,901 sqft
    2021-09-01 40 days 1,854 sqft
    2021-10-01 45 days 1,924 sqft
    2021-11-01 53 days 1,899 sqft
    2021-12-01 65 days 1,968 sqft
    2022-01-01 74 days 1,929 sqft
    2022-02-01 36 days 1,896 sqft
    2022-03-01 14 days 1,933 sqft
    2022-04-01 15 days 1,886 sqft
    2022-05-01 10 days 1,877 sqft
    2022-06-01 16 days 2,019 sqft
    2022-07-01 29 days 2,016 sqft
    2022-08-01 36 days 2,010 sqft
    2022-09-01 34 days 1,943 sqft
    2022-10-01 31 days 1,956 sqft
    2022-11-01 51 days 1,933 sqft
    2022-12-01 73 days 1,971 sqft
    2023-01-01 93 days 1,954 sqft
    2023-02-01 58 days 1,920 sqft
    2023-03-01 46 days 1,922 sqft
    2023-04-01 34 days 1,839 sqft
    2023-05-01 24 days 1,864 sqft
    2023-06-01 24 days 1,872 sqft
    2023-07-01 30 days 1,930 sqft
    2023-08-01 33 days 1,965 sqft
    2023-09-01 37 days 1,954 sqft
    2023-10-01 37 days 1,957 sqft
    2023-11-01 49 days 1,948 sqft
    2023-12-01 67 days 1,941 sqft
    2024-01-01 74 days 2,030 sqft
    2024-02-01 55 days 2,101 sqft
    2024-03-01 39 days 1,959 sqft
    Burlington's median listing age (time on market) for 2024-03-01 was 39 days. This is -14% shorter than the same period one year ago.

    Burlington's median square footage for active listings during the 2024-03-01 period was 1,959 sqft. One year prior, the average listing was 1,922 sqft.