Burlington Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Burlington averaged 6.81% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.66% and one month ago for the week of 2025-04-17, the average rate was 7.08%.

    Burlington's average rate one year ago was 6.97%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.46%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Burlington 30 Year Fixed Rate 2025-05-22 6.81%
    Burlington 30 Year Fixed Rate Refi 2025-05-22 7.46%
    Burlington 15 Year Fixed Rate 2025-05-22 5.81%
    Burlington 15 Year Fixed Rate Refi 2025-05-22 6.41%
    Burlington 30 Year FHA 2025-05-22 6.81%
    Burlington 30 Year FHA Refi 2025-05-22 6.41%
    Burlington 30 Year USDA 2025-05-22 6.43%
    Burlington 30 Year USDA Refi 2025-05-22 6.23%
    Burlington 30 Year VA 2025-05-22 6.32%
    Burlington 30 Year VA Refi 2025-05-22 6.42%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Burlington, IA-IL.

    Burlington Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Burlington, IA-IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    IOWA BANKERS MORTGAGE CORPORATION 71 6.80% $2,111
    Two Rivers Bank & Trust 20 7.29% $1,486
    Plains Commerce Bank 14 6.52% $2,661
    QUICKEN LOANS, LLC 14 6.60% $4,377
    RUHL MORTGAGE, LLC 12 6.65% $1,827
    GREENSTATE CREDIT UNION 9 6.24% $2,093
    First Federal Bank 6 6.92% $3,157
    AmeriHome Mortgage Company, LLC 5 6.48% $2,178
    MidWestOne Bank 5 6.65% $3,206
    U.S. Bank 4 6.81% $4,411
    West Gate Bank 4 6.25% $2,890
    The Huntington National Bank 3 6.96% $3,128
    Fortress Bank 3 7.50% $2,371
    BROKER SOLUTIONS, INC. 3 7.08% $3,910
    First Interstate Bank 3 6.92% $2,723
    GUILD MORTGAGE COMPANY 2 6.49% $2,988
    RESIDENTIAL MORTGAGE NETWORK, INC. 2 6.38% $2,394
    HOMESERVICES LENDING, LLC 2 6.94% $2,857
    Mortgage Research Center, LLC 2 7.18% $2,541
    JPMorgan Chase Bank 2 6.81% $4,186
    UNITED WHOLESALE MORTGAGE, LLC 1 6.62% $7,839
    USAA Federal Savings Bank 1 7.13% $2,408
    VERIDIAN CREDIT UNION 1 6.25% $1,866
    Waterstone Mortgage Corporation 1 6.63% $6,528
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $3,565
    ZILLOW HOME LOANS, LLC 1 6.63% $3,500
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $6,500
    BETTER MORTGAGE CORPORATION 1 7.50% $2,179
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $3,807
    COMMUNITY 1ST CREDIT UNION 1 6.38% $2,171
    Community Choice Credit Union 1 6.50% $2,304
    ENDEAVOR CAPITAL, LLC. 1 6.88% $5,202
    Farmers State Bank 1 6.50% $2,301
    First Mid Bank & Trust 1 6.00% $2,070
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $5,681
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $1,676
    GUARANTEED RATE, INC. 1 7.38% $3,662
    LOANDEPOT.COM, LLC 1 8.13% $4,938
    MMS MORTGAGE SERVICES, LTD. 1 7.13% $3,088
    MOVEMENT MORTGAGE, LLC 1 5.99% $5,045
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $3,935
    NBKC BANK 1 8.13% $2,434
    SIRVA MORTGAGE, INC. 1 7.38% $0
    UNION HOME MORTGAGE CORP. 1 7.13% $3,226
    United Community Bank 1 7.38% $3,108

    Burlington Average Closing Costs & Other Stats

    Burlington, IA-IL's 45 lenders originated 548 loans during 2024. The total origination value was $66,560,000, with an average loan value of $121,460.

    Burlington's average closing costs are $3,230.

    The top Burlington lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 71 loans originated. Their average total fees are $2,111, which is $625 higher than the next largest lender, Two Rivers Bank & Trust.

    The lowest fee Burlington lenders (with over 10 loans originated) are Two Rivers Bank & Trust ($1,486), RUHL MORTGAGE, LLC ($1,827), IOWA BANKERS MORTGAGE CORPORATION ($2,111), Plains Commerce Bank ($2,661) and QUICKEN LOANS, LLC ($4,377).

    The lowest rate Burlington lenders (with over 10 loans originated) are Plains Commerce Bank (6.52%), QUICKEN LOANS, LLC (6.60%), RUHL MORTGAGE, LLC (6.65%), IOWA BANKERS MORTGAGE CORPORATION (6.80%) and Two Rivers Bank & Trust (7.29%).

    Burlington, IA-IL Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    IOWA BANKERS MORTGAGE CORPORATION $8,580,000 $12,795,000 49.1% 19.2%
    Two Rivers Bank & Trust $14,430,000 $6,760,000 -53.2% 10.2%
    Mortgage Research Center, LLC $3,185,000 $6,020,000 89.0% 9.0%
    QUICKEN LOANS, LLC $4,195,000 $4,645,000 10.7% 7.0%
    Plains Commerce Bank $2,150,000 $3,245,000 50.9% 4.9%
    Raccoon Valley Bank $3,040,000 n/a 4.6%
    RUHL MORTGAGE, LLC $3,280,000 $2,845,000 -13.3% 4.3%
    GREENSTATE CREDIT UNION $2,160,000 $2,200,000 1.9% 3.3%
    MidWestOne Bank $1,950,000 $1,950,000 0.0% 2.9%
    U.S. Bank $2,055,000 $1,665,000 -19.0% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $1,335,000 n/a 2.0%
    First Interstate Bank $475,000 $1,170,000 146.3% 1.8%
    The Huntington National Bank $1,145,000 n/a 1.7%
    First Federal Bank $310,000 $1,040,000 235.5% 1.6%
    BROKER SOLUTIONS, INC. $420,000 $920,000 119.0% 1.4%
    AmeriHome Mortgage Company, LLC $215,000 $795,000 269.8% 1.2%
    NEWREZ LLC $445,000 $665,000 49.4% 1.0%
    RESIDENTIAL MORTGAGE NETWORK, INC. $300,000 $645,000 115.0% 1.0%
    PENNYMAC LOAN SERVICES, LLC $585,000 n/a 0.9%
    West Gate Bank $570,000 n/a 0.9%
    Fortress Bank $200,000 $545,000 172.5% 0.8%
    MEMBERS1st Community Credit Union $540,000 n/a 0.8%
    USAA Federal Savings Bank $1,025,000 $535,000 -47.8% 0.8%
    JPMorgan Chase Bank $555,000 $525,000 -5.4% 0.8%
    Midwest Bank $540,000 $515,000 -4.6% 0.8%
    ALLIANT $955,000 $505,000 -47.1% 0.8%
    FREEDOM MORTGAGE CORPORATION $155,000 $505,000 225.8% 0.8%
    COMMUNITY 1ST CREDIT UNION $715,000 $465,000 -35.0% 0.7%
    GUILD MORTGAGE COMPANY $330,000 $420,000 27.3% 0.6%
    AXIA FINANCIAL, LLC $410,000 n/a 0.6%
    LOANDEPOT.COM, LLC $370,000 n/a 0.6%
    Citibank $325,000 n/a 0.5%
    MOVEMENT MORTGAGE, LLC $570,000 $305,000 -46.5% 0.5%
    FLAT BRANCH MORTGAGE, INC. $300,000 n/a 0.5%
    HOMESERVICES LENDING, LLC $280,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $230,000 $255,000 10.9% 0.4%
    ZILLOW HOME LOANS, LLC $230,000 $250,000 8.7% 0.4%
    UNION HOME MORTGAGE CORP. $245,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $250,000 $240,000 -4.0% 0.4%
    Sierra Pacific Mortgage Company, Inc. $235,000 n/a 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $910,000 $230,000 -74.7% 0.3%
    ENDEAVOR CAPITAL, LLC. $220,000 n/a 0.3%
    Community Choice Credit Union $25,000 $210,000 740.0% 0.3%
    United Community Bank $145,000 $205,000 41.4% 0.3%
    NAVY FEDERAL CREDIT UNION $190,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $180,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $175,000 n/a 0.3%
    Waterstone Mortgage Corporation $175,000 n/a 0.3%
    SIRVA MORTGAGE, INC. $410,000 $165,000 -59.8% 0.2%
    AMERISAVE MORTGAGE CORPORATION $845,000 $140,000 -83.4% 0.2%
    Community Mortgage Banc Corporation $135,000 n/a 0.2%
    Farmers State Bank $135,000 n/a 0.2%
    The Federal Savings Bank $135,000 n/a 0.2%
    Wells Fargo Bank $510,000 $120,000 -76.5% 0.2%
    Arvest Bank $105,000 n/a 0.2%
    First Mid Bank & Trust $140,000 $105,000 -25.0% 0.2%
    Washington State Bank $105,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $95,000 n/a 0.1%
    Flanagan State Bank $95,000 n/a 0.1%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $200,000 $90,000 -55.0% 0.1%
    CHURCHILL MORTGAGE CORPORATION $85,000 n/a 0.1%
    Flagstar Bank, FSB $85,000 n/a 0.1%
    MMS MORTGAGE SERVICES, LTD. $85,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $75,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $960,000 $75,000 -92.2% 0.1%
    NBKC BANK $75,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $150,000 $65,000 -56.7% 0.1%
    VERIDIAN CREDIT UNION $575,000 $65,000 -88.7% 0.1%
    SPRING EQ, LLC $195,000 $60,000 -69.2% 0.1%
    Bank of Springfield $55,000 n/a 0.1%
    Carrington Mortgage Services, LLC $220,000 $55,000 -75.0% 0.1%
    Figure Lending LLC $55,000 $50,000 -9.1% 0.1%
    Coastal Community Bank $45,000 n/a 0.1%
    GUARANTEED RATE, INC. $45,000 n/a 0.1%
    INB $45,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $45,000 n/a 0.1%
    Transportation Federal Credit Union $45,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $35,000 n/a 0.1%
    CBI Bank & Trust $195,000 $35,000 -82.1% 0.1%
    EVERENCE FEDERAL CREDIT UNION $15,000 n/a 0.0%

    Burlington's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 19.2% market share. In second place, with 10.2%, is Two Rivers Bank & Trust, having originated $6,760,000 in loans. In third place, with 9.0%, is Mortgage Research Center, LLC, having originated $6,020,000 in loans. In fourth place, with 7.0%, is QUICKEN LOANS, LLC, having originated $4,645,000 in loans. In fifth place, with 4.9%, is Plains Commerce Bank, having originated $3,245,000 in loans.

    Burlington Housing Market Trends (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 $119,900 (2.0%) $165,439 (7.1%) 0.00 255
    2019-06-01 $119,900 (0.8%) $165,930 (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 $119,900 (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 (5.0%) $165,414 (0.0%) 0.00 266
    2020-06-01 $133,950 (11.7%) $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
    2024-04-01 $147,450 (5.4%) $187,173 (10.8%) 0.00 102
    2024-05-01 $149,925 (-6.3%) $187,531 (-1.1%) 0.00 107
    2024-06-01 $159,500 (-0.3%) $186,182 (-0.4%) 0.00 118
    2024-07-01 $159,450 (0.0%) $188,228 (-0.5%) 0.00 123
    2024-08-01 $149,900 (-9.0%) $186,121 (-0.8%) 0.00 125
    2024-09-01 $145,950 (7.3%) $189,653 (12.1%) 0.00 129
    2024-10-01 $148,950 (6.5%) $193,839 (9.6%) 0.00 157
    2024-11-01 $139,000 (5.4%) $179,841 (2.9%) 0.00 149
    2024-12-01 $139,000 (7.0%) $187,090 (9.8%) 0.00 146
    2025-01-01 $141,200 (14.2%) $202,982 (21.1%) 0.00 156
    2025-02-01 $139,900 (6.4%) $197,971 (9.5%) 0.00 153
    2025-03-01 $142,500 (-8.0%) $205,792 (6.3%) 0.00 152
    2025-04-01 $142,500 (-3.4%) $198,015 (5.8%) 0.00 154
    Burlington's median listing price for 2025-04-01 was $142,500, a difference of $-4,950 (-3.4%) versus the prior year and $0 versus the prior month.

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

    Burlington's average listing price for 2025-04-01 was $198,015, a difference of $10,842 (5.8%) versus the prior year and $-7,777 versus the prior month.

    For the 2025-04-01 period, Burlington had 154 MLS listings, a difference of 2 listings (1%) versus the prior month and 52 listings (51%) 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 1,553 sqft
    2019-06-01 0 days 1,599 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 1,678 sqft
    2020-02-01 0 days 1,470 sqft
    2020-03-01 0 days 1,470 sqft
    2020-04-01 0 days 1,485 sqft
    2020-05-01 0 days 1,500 sqft
    2020-06-01 0 days 1,559 sqft
    2020-07-01 0 days 1,573 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 1,391 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
    2024-04-01 0 days 1,484 sqft
    2024-05-01 0 days 1,410 sqft
    2024-06-01 0 days 1,445 sqft
    2024-07-01 0 days 1,435 sqft
    2024-08-01 0 days 1,488 sqft
    2024-09-01 0 days 1,476 sqft
    2024-10-01 0 days 1,479 sqft
    2024-11-01 0 days 1,428 sqft
    2024-12-01 0 days 1,387 sqft
    2025-01-01 0 days 1,453 sqft
    2025-02-01 0 days 1,438 sqft
    2025-03-01 0 days 1,467 sqft
    2025-04-01 0 days 1,554 sqft
    Burlington's median listing age (time on market) for 2025-04-01 was 0 days.

    Burlington's median square footage for active listings during the 2025-04-01 period was 1,554 sqft. One year prior, the average listing was 1,484 sqft.

    Burlington, IA-IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 343 $51,625,000 $150,510
    Cash Out Refi 63 $5,705,000 $90,556
    Refi 60 $5,990,000 $99,833
    Home Improvement 47 $1,815,000 $38,617
    Other 35 $1,425,000 $40,714

    Burlington's most frequently cited loan purpose was Home Purchase, with 343 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 241 $32,895,000 $136,494
    7-8% 149 $16,095,000 $108,020
    5-6% 68 $9,850,000 $144,853
    Over 8% 54 $2,250,000 $41,667
    4-5% 5 $785,000 $157,000
    <2.5% 4 $140,000 $35,000

    During 2024, Burlington's most frequently originated rate bucket was 6-7%, with 241 originations.

    Loan Sizing (Burlington, IA-IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 292 $16,680,000 $57,123
    $100k-200k 185 $26,115,000 $141,162
    $200k-400k 60 $16,300,000 $271,667
    $400k-600k 8 $3,660,000 $457,500
    $Over $1MM 2 $3,040,000 $1,520,000
    $600k-1000k 1 $765,000 $765,000

    Burlington's loan sizing saw the bucket of loans from $100,000 or less with 292 originations, totaling $16,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 276 $41,490,000 $150,326
    60-80% 85 $10,285,000 $121,000
    Under 20% 62 $1,780,000 $28,710
    20-40% 56 $2,970,000 $53,036
    40-60% 29 $2,745,000 $94,655
    Over 100% 5 $1,215,000 $243,000

    Burlington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 276 originations, totaling $41,490,000 in origination value.