Burlington USDA Loan Rates, Closing Costs & Stats
BURLINGTON-SOUTH BURLINGTON, VT
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
6.31%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Burlington's average USDA mortgage closing costs are $5,682.
The average rate for the prior week (2024-12-06) was
6.34% and
one month ago for the week of 2024-11-08, the
average rate was 6.26%.
The average rate one year ago was 6.73%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.85%.
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 |
| 2024-04-01 | $499,000 (5.7%) | $723,645 (34.8%) | 1.16 | 221 |
| 2024-05-01 | $549,925 (12.2%) | $753,484 (35.9%) | 1.24 | 283 |
| 2024-06-01 | $550,000 (10.2%) | $751,295 (24.9%) | 1.24 | 363 |
| 2024-07-01 | $544,250 (10.6%) | $742,521 (22.2%) | 1.24 | 395 |
| 2024-08-01 | $524,900 (5.5%) | $728,387 (16.9%) | 1.22 | 428 |
| 2024-09-01 | $499,000 (0.8%) | $715,776 (12.6%) | 1.17 | 452 |
| 2024-10-01 | $499,900 (0.2%) | $714,966 (-3.3%) | 1.18 | 476 |
| 2024-11-01 | $499,900 (-3.4%) | $728,209 (-1.3%) | 1.20 | 401 |
Burlington's median listing price comes in at 120% of the national average.
Burlington's average listing price for 2024-11-01 was $728,209, a difference of $-9,529 (-1.3%) versus the prior year and $13,243 versus the prior month.
For the 2024-11-01 period, Burlington had 401 MLS listings, a difference of -75 listings (-16%) versus the prior month and 115 listings (40%) 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 |
| 2024-04-01 | 29 days | 1,895 sqft |
| 2024-05-01 | 25 days | 1,928 sqft |
| 2024-06-01 | 26 days | 1,971 sqft |
| 2024-07-01 | 40 days | 1,967 sqft |
| 2024-08-01 | 41 days | 1,904 sqft |
| 2024-09-01 | 44 days | 1,866 sqft |
| 2024-10-01 | 47 days | 1,890 sqft |
| 2024-11-01 | 64 days | 1,886 sqft |
Burlington's median square footage for active listings during the 2024-11-01 period was 1,886 sqft. One year prior, the average listing was 1,948 sqft.