Burlington VA Loan Rates, Closing Costs & Stats

BURLINGTON, NC

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Burlington's 77 lenders originated 364 VA loans during 2024. The total origination value was $126,520,000, with an average VA loan value of $347,582.

    Burlington VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Burlington averaged 6.31% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Burlington's average VA mortgage closing costs are $6,078.

    The average rate for the prior week (2025-03-28) was 6.33% and one month ago for the week of 2025-02-28, the average rate was 6.41%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.55%.

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

    Burlington VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Burlington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 47 6.39% $4,911
    UNITED WHOLESALE MORTGAGE, LLC 29 5.88% $10,391
    DHI MORTGAGE COMPANY, LTD. 28 5.19% $7,175
    FREEDOM MORTGAGE CORPORATION 25 6.37% $8,502
    MOVEMENT MORTGAGE, LLC 19 6.35% $8,012
    QUICKEN LOANS, LLC 18 6.15% $11,687
    NAVY FEDERAL CREDIT UNION 14 5.81% $7,296
    UNION HOME MORTGAGE CORP. 14 6.32% $6,885
    LOANDEPOT.COM, LLC 11 5.61% $9,848
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 6.35% $6,402
    PENNYMAC LOAN SERVICES, LLC 8 5.48% $8,956
    USAA Federal Savings Bank 7 6.23% $6,172
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 5.81% $2,272
    VILLAGE CAPITAL MORTGAGE 6 5.64% $9,471
    First National Bank of Pennsylvania 6 5.85% $12,258
    GUARANTEED RATE, INC. 5 5.95% $6,388
    NEW DAY FINANCIAL, LLC 5 7.39% $12,924
    CROSSCOUNTRY MORTGAGE, LLC 5 6.35% $9,582
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.40% $4,786
    NEWREZ LLC 4 5.88% $6,913
    AmRes Corporation 4 6.75% $11,520
    ZILLOW HOME LOANS, LLC 3 6.83% $3,304
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.63% $8,926
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.58% $11,760
    PLANET HOME LENDING, LLC 3 5.58% $4,891
    The Federal Savings Bank 3 6.38% $12,135
    Truist 3 6.37% $7,551
    CLEARPATH LENDING 2 5.25% $3,165
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.38% $3,307
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $12,671
    BAY EQUITY LLC 2 6.37% $11,622
    NBKC BANK 2 6.06% $2,952
    Blue Ridge Bank 2 6.88% $6,661
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.13% $5,472
    Mr. Cooper ( Nationstar Mortgage ) 2 7.50% $3,757
    CMG MORTGAGE, INC. 2 6.13% $11,409
    GUILD MORTGAGE COMPANY 2 6.31% $2,566
    T2 FINANCIAL LLC 2 6.63% $8,000
    Wells Fargo Bank 1 6.50% $3,341
    TJC Mortgage, Inc. 1 4.88% $9,033
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $6,039
    AmeriHome Mortgage Company, LLC 1 6.63% $6,001
    Ameris Bank 1 5.75% $7,908
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $14,940
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,941
    BROKER SOLUTIONS, INC. 1 5.75% $3,212
    Carrington Mortgage Services, LLC 1 6.75% $16,904
    Century Mortgage Company DBA Century Lending Company 1 5.75% $2,733
    CityWorth Mortgage LLC 1 5.75% $6,585
    Cornerstone First Mortgage, Inc 1 5.63% $16,574
    CORNERSTONE HOME LENDING, INC. 1 6.25% $5,694
    Corporate Investors Mortgage Group, Inc. 1 6.63% $13,602
    DAS Acquisition Company, LLC 1 6.75% $15,729
    EMM LOANS LLC 1 6.25% $4,712
    ENVOY MORTGAGE, LTD 1 6.63% $17,462
    EVERETT FINANCIAL, INC. 1 6.75% $128
    First-Citizens Bank & Trust Company 1 5.13% $11,460
    FIRST COMMUNITY MORTGAGE, INC. 1 5.99% $19,419
    First Federal Bank 1 5.75% $5,068
    First Horizon Bank 1 6.63% $3,748
    HOMESIDE FINANCIAL, LLC 1 6.49% $2,838
    Integrity Home Mortgage Corp 1 6.25% $11,453
    JPMorgan Chase Bank 1 5.63% $26,164
    Lakeview Community Capital, LLC 1 6.25% $2,599
    LAKEVIEW LOAN SERVICING, LLC 1 5.99% $3,987
    Mid-Continent Funding, Inc. 1 6.75% $2,886
    NATION ONE MORTGAGE CORPORATION 1 7.63% $23,340
    NFM, INC. 1 6.13% $8,620
    OCEANSIDE MORTGAGE COMPANY 1 5.50% $10,828
    Paramount Residential Mortgage Group, Inc. 1 6.25% $9,610
    PHH Mortgage Corporation 1 5.88% $6,424
    Pinnacle Bank 1 6.75% $10,960
    Prosperity Home Mortgage, LLC 1 5.50% $28,344
    Residential Mortgage Solutions, Inc. 1 6.50% $3,739
    SUN WEST MORTGAGE COMPANY, INC. 1 6.13% $5,482
    ALLIED MORTGAGE GROUP, INC. 1 6.75% $3,366
    Towne Bank 1 6.13% $4,723

    The top Burlington VA lender as defined by loan originations is Mortgage Research Center, LLC, with 47 VA loans originated. Their average total fees are $4,911, which is $5,480 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Burlington VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,911), UNION HOME MORTGAGE CORP. ($6,885), DHI MORTGAGE COMPANY, LTD. ($7,175), NAVY FEDERAL CREDIT UNION ($7,296) and MOVEMENT MORTGAGE, LLC ($8,012).

    The lowest rate Burlington VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.19%), LOANDEPOT.COM, LLC (5.61%), NAVY FEDERAL CREDIT UNION (5.81%), UNITED WHOLESALE MORTGAGE, LLC (5.88%) and QUICKEN LOANS, LLC (6.15%).

    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%) 0.75 535
    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%) 0.75 478
    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%) 0.77 467
    2018-12-01 $227,500 (20.4%) $262,431 (3.1%) 0.78 448
    2019-01-01 $232,901 (18.0%) $259,851 (-3.0%) 0.80 423
    2019-02-01 $243,255 (22.3%) $271,465 (0.9%) 0.82 396
    2019-03-01 $249,070 (15.9%) $275,064 (0.0%) 0.81 373
    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%) 0.81 343
    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%) 0.77 326
    2019-12-01 $230,450 (1.3%) $279,379 (6.5%) 0.77 312
    2020-01-01 $242,963 (4.3%) $292,116 (12.4%) 0.81 321
    2020-02-01 $248,950 (2.3%) $310,188 (14.3%) 0.81 297
    2020-03-01 $249,999 (0.4%) $307,664 (11.9%) 0.78 311
    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%) 0.85 233
    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%) 0.80 211
    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%) 0.88 148
    2021-02-01 $275,132 (10.5%) $340,902 (9.9%) 0.80 145
    2021-03-01 $274,037 (9.6%) $359,424 (16.8%) 0.78 114
    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%) 0.75 124
    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%) 0.77 185
    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%) 0.91 131
    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%) 0.84 172
    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%) 0.84 230
    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%) 0.89 297
    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%) 0.86 244
    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%) 0.80 361
    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 $354,970 (4.4%) $374,542 (0.7%) 0.89 472
    2025-02-01 $359,708 (7.1%) $373,374 (1.1%) 0.87 505
    2025-03-01 $360,000 (8.6%) $395,132 (7.7%) 0.00 492
    Burlington's median listing price for 2025-03-01 was $360,000, a difference of $28,505 (8.6%) versus the prior year and $292 versus the prior month.

    Burlington's median listing price comes in at 0% of the national average.

    Burlington's average listing price for 2025-03-01 was $395,132, a difference of $28,304 (7.7%) versus the prior year and $21,758 versus the prior month.

    For the 2025-03-01 period, Burlington had 492 MLS listings, a difference of -13 listings (-3%) versus the prior month and 157 listings (47%) 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
    2018-01-01 106 days 1,960 sqft
    2018-02-01 96 days 1,937 sqft
    2018-03-01 68 days 1,961 sqft
    2018-04-01 62 days 1,980 sqft
    2018-05-01 60 days 1,964 sqft
    2018-06-01 54 days 1,981 sqft
    2018-07-01 69 days 1,935 sqft
    2018-08-01 67 days 1,933 sqft
    2018-09-01 68 days 1,951 sqft
    2018-10-01 64 days 1,940 sqft
    2018-11-01 72 days 1,955 sqft
    2018-12-01 78 days 1,937 sqft
    2019-01-01 88 days 2,001 sqft
    2019-02-01 93 days 2,088 sqft
    2019-03-01 74 days 2,098 sqft
    2019-04-01 64 days 2,083 sqft
    2019-05-01 42 days 2,099 sqft
    2019-06-01 50 days 2,187 sqft
    2019-07-01 54 days 2,070 sqft
    2019-08-01 51 days 2,022 sqft
    2019-09-01 52 days 1,976 sqft
    2019-10-01 55 days 1,950 sqft
    2019-11-01 48 days 1,946 sqft
    2019-12-01 59 days 1,922 sqft
    2020-01-01 65 days 1,944 sqft
    2020-02-01 50 days 1,942 sqft
    2020-03-01 46 days 2,010 sqft
    2020-04-01 43 days 2,066 sqft
    2020-05-01 61 days 2,155 sqft
    2020-06-01 58 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 32 days 2,060 sqft
    2020-11-01 41 days 2,026 sqft
    2020-12-01 58 days 2,048 sqft
    2021-01-01 64 days 1,929 sqft
    2021-02-01 35 days 1,860 sqft
    2021-03-01 34 days 1,892 sqft
    2021-04-01 26 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 31 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 26 days 1,973 sqft
    2022-04-01 13 days 1,984 sqft
    2022-05-01 19 days 1,909 sqft
    2022-06-01 20 days 2,084 sqft
    2022-07-01 29 days 2,109 sqft
    2022-08-01 31 days 2,026 sqft
    2022-09-01 38 days 2,003 sqft
    2022-10-01 44 days 2,050 sqft
    2022-11-01 45 days 2,079 sqft
    2022-12-01 49 days 1,953 sqft
    2023-01-01 58 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 42 days 1,984 sqft
    2023-08-01 43 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 45 days 1,914 sqft
    2024-06-01 44 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 1,904 sqft
    2025-01-01 74 days 1,878 sqft
    2025-02-01 54 days 1,910 sqft
    2025-03-01 0 days 1,969 sqft
    Burlington's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Burlington's median square footage for active listings during the 2025-03-01 period was 1,969 sqft. One year prior, the average listing was 1,802 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.