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 7.05% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.53% and one month ago for the week of 2024-03-14, the average rate was 6.79%.

    Burlington's average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Burlington 30 Year Fixed Rate 2024-04-18 7.05%
    Burlington 30 Year Fixed Rate Refi 2024-04-18 7.1%
    Burlington 15 Year Fixed Rate 2024-04-18 6.39%
    Burlington 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Burlington 30 Year FHA 2024-04-18 6.86%
    Burlington 30 Year FHA Refi 2024-04-18 6.96%
    Burlington 30 Year USDA 2024-04-18 6.76%
    Burlington 30 Year USDA Refi 2024-04-18 6.76%
    Burlington 30 Year VA 2024-04-18 6.66%
    Burlington 30 Year VA Refi 2024-04-18 6.86%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Two Rivers Bank & Trust 52 6.63% $1,410
    IOWA BANKERS MORTGAGE CORPORATION 45 6.54% $2,094
    RUHL MORTGAGE, LLC 19 6.51% $1,671
    QUICKEN LOANS, LLC 13 6.51% $4,708
    U.S. Bank 9 6.90% $2,754
    GREENSTATE CREDIT UNION 7 6.23% $2,183
    COMMUNITY 1ST CREDIT UNION 6 6.38% $2,445
    Plains Commerce Bank 5 6.78% $2,512
    MidWestOne Bank 5 7.18% $2,367
    Mr. Cooper ( Nationstar Mortgage ) 4 6.87% $4,484
    First Federal Bank 3 7.38% $3,158
    First Interstate Bank 3 7.00% $2,513
    Wells Fargo Bank 3 6.13% $4,375
    VERIDIAN CREDIT UNION 3 6.17% $1,848
    JPMorgan Chase Bank 3 6.46% $4,185
    ZILLOW HOME LOANS, LLC 2 7.75% $3,727
    First Mid Bank & Trust 2 6.13% $2,396
    COMPEER FINANCIAL, FLCA 2 8.25% $2,506
    BMO Harris Bank 2 5.88% $4,215
    USAA Federal Savings Bank 2 7.44% $2,959
    Mortgage Research Center, LLC 2 7.06% $4,045
    UNIVERSAL LENDING CORPORATION 1 6.75% $2,111
    BROKER SOLUTIONS, INC. 1 6.50% $3,716
    Carrington Mortgage Services, LLC 1 6.25% $5,099
    CBI Bank & Trust 1 6.63% $2,290
    Deere Employees Credit Union 1 6.75% $5,835
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $2,306
    Fortress Bank 1 7.75% $2,006
    Great Southern Bank 1 6.50% $2,708
    GSF Mortgage Corporation 1 6.00% $2,431
    GUILD MORTGAGE COMPANY 1 7.50% $3,460
    I. H. MISSISSIPPI VALLEY CREDIT UNION 1 7.50% $1,526
    Morton Community Bank 1 7.00% $2,297
    MOVEMENT MORTGAGE, LLC 1 6.99% $2,407
    NEWREZ LLC 1 6.99% $4,254
    Ohnward Bank & Trust 1 5.63% $2,150
    Old National Bank 1 7.13% $2,693
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $17,816
    Regions Bank 1 7.13% $2,679
    ROYAL UNITED MORTGAGE LLC 1 7.63% $7,226
    Truist 1 7.60% $3,821
    AmeriHome Mortgage Company, LLC 1 6.38% $7,729

    Burlington Average Closing Costs & Other Stats

    Burlington, IA-IL's 42 lenders originated 530 loans during 2023. The total origination value was $61,360,000, with an average loan value of $115,774.

    Burlington's average closing costs are $3,162.

    The top Burlington lender as defined by loan originations is Two Rivers Bank & Trust, with 52 loans originated. Their average total fees are $1,410, which is $684 lower than the next largest lender, IOWA BANKERS MORTGAGE CORPORATION.

    The lowest fee Burlington lenders (with over 10 loans originated) are Two Rivers Bank & Trust ($1,410), RUHL MORTGAGE, LLC ($1,671), IOWA BANKERS MORTGAGE CORPORATION ($2,094), QUICKEN LOANS, LLC ($4,708) and .

    The lowest rate Burlington lenders (with over 10 loans originated) are RUHL MORTGAGE, LLC (6.51%), QUICKEN LOANS, LLC (6.51%), IOWA BANKERS MORTGAGE CORPORATION (6.54%), Two Rivers Bank & Trust (6.63%) and .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Two Rivers Bank & Trust $35,340,000 $14,430,000 -59.2% 23.5%
    IOWA BANKERS MORTGAGE CORPORATION $10,750,000 $8,580,000 -20.2% 14.0%
    QUICKEN LOANS, LLC $6,275,000 $4,195,000 -33.1% 6.8%
    RUHL MORTGAGE, LLC $2,650,000 $3,280,000 23.8% 5.3%
    Mortgage Research Center, LLC $2,570,000 $3,185,000 23.9% 5.2%
    GREENSTATE CREDIT UNION $3,715,000 $2,160,000 -41.9% 3.5%
    Plains Commerce Bank $5,520,000 $2,150,000 -61.1% 3.5%
    U.S. Bank $5,115,000 $2,055,000 -59.8% 3.3%
    MidWestOne Bank $1,800,000 $1,950,000 8.3% 3.2%
    USAA Federal Savings Bank $55,000 $1,025,000 1,763.6% 1.7%
    Mr. Cooper ( Nationstar Mortgage ) $850,000 $960,000 12.9% 1.6%
    ALLIANT $770,000 $955,000 24.0% 1.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $650,000 $910,000 40.0% 1.5%
    AMERISAVE MORTGAGE CORPORATION $635,000 $845,000 33.1% 1.4%
    BNC National Bank $415,000 $805,000 94.0% 1.3%
    BMO Harris Bank $740,000 n/a 1.2%
    COMMUNITY 1ST CREDIT UNION $460,000 $715,000 55.4% 1.2%
    VERIDIAN CREDIT UNION $395,000 $575,000 45.6% 0.9%
    MOVEMENT MORTGAGE, LLC $570,000 n/a 0.9%
    JPMorgan Chase Bank $55,000 $555,000 909.1% 0.9%
    Midwest Bank $1,600,000 $540,000 -66.3% 0.9%
    Wells Fargo Bank $650,000 $510,000 -21.5% 0.8%
    First Interstate Bank $1,280,000 $475,000 -62.9% 0.8%
    Regions Bank $455,000 n/a 0.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $450,000 n/a 0.7%
    NEWREZ LLC $175,000 $445,000 154.3% 0.7%
    BROKER SOLUTIONS, INC. $465,000 $420,000 -9.7% 0.7%
    SIRVA MORTGAGE, INC. $260,000 $410,000 57.7% 0.7%
    CARDINAL FINANCIAL $315,000 $390,000 23.8% 0.6%
    COMPEER FINANCIAL, FLCA $340,000 n/a 0.6%
    GUILD MORTGAGE COMPANY $175,000 $330,000 88.6% 0.5%
    First Federal Bank $310,000 n/a 0.5%
    RESIDENTIAL MORTGAGE NETWORK, INC. $135,000 $300,000 122.2% 0.5%
    Old National Bank $255,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $250,000 $250,000 0.0% 0.4%
    Barrington Bank & Trust Company, N.A. $205,000 $230,000 12.2% 0.4%
    OAKTREE FUNDING CORP. $230,000 n/a 0.4%
    ZILLOW HOME LOANS, LLC $230,000 n/a 0.4%
    AMCAP MORTGAGE, LTD. $225,000 n/a 0.4%
    Carrington Mortgage Services, LLC $410,000 $220,000 -46.3% 0.4%
    AmeriHome Mortgage Company, LLC $215,000 n/a 0.4%
    Deere Employees Credit Union $95,000 $210,000 121.1% 0.3%
    Fortress Bank $445,000 $200,000 -55.1% 0.3%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $1,050,000 $200,000 -81.0% 0.3%
    CBI Bank & Trust $580,000 $195,000 -66.4% 0.3%
    SPRING EQ, LLC $175,000 $195,000 11.4% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $125,000 $170,000 36.0% 0.3%
    FREEDOM MORTGAGE CORPORATION $470,000 $155,000 -67.0% 0.3%
    PLAZA HOME MORTGAGE, INC. $150,000 n/a 0.2%
    Great Southern Bank $145,000 n/a 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $125,000 $145,000 16.0% 0.2%
    United Community Bank $150,000 $145,000 -3.3% 0.2%
    First Mid Bank & Trust $45,000 $140,000 211.1% 0.2%
    PREMIA MORTGAGE, LLC $115,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $425,000 $115,000 -72.9% 0.2%
    SENB Bank $65,000 $105,000 61.5% 0.2%
    Ohnward Bank & Trust $100,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $95,000 n/a 0.2%
    UNIVERSAL LENDING CORPORATION $95,000 n/a 0.2%
    Blackhawk Bank & Trust $85,000 n/a 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $85,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $75,000 n/a 0.1%
    Morton Community Bank $65,000 $75,000 15.4% 0.1%
    Truist $75,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $85,000 $65,000 -23.5% 0.1%
    Farmers-Merchants Bank of Illinois $55,000 n/a 0.1%
    Figure Lending LLC $55,000 n/a 0.1%
    GSF Mortgage Corporation $55,000 n/a 0.1%
    LINN AREA $55,000 n/a 0.1%
    Hills Bank and Trust Company $45,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $35,000 n/a 0.1%
    Community Choice Credit Union $35,000 $25,000 -28.6% 0.0%
    MARINE $110,000 $15,000 -86.4% 0.0%
    PNC Bank $15,000 n/a 0.0%

    Burlington's top lender by overall market share is Two Rivers Bank & Trust, with 23.5% market share. In second place, with 14.0%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $8,580,000 in loans. In third place, with 6.8%, is QUICKEN LOANS, LLC, having originated $4,195,000 in loans. In fourth place, with 5.3%, is RUHL MORTGAGE, LLC, having originated $3,280,000 in loans. In fifth place, with 5.2%, is Mortgage Research Center, LLC, having originated $3,185,000 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 $119,825 (2.0%) $165,421 (7.0%) 0.00 254
    2019-06-01 $119,750 (0.6%) $165,914 (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 $119,950 (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 (5.1%) $165,414 (0.0%) 0.00 266
    2020-06-01 $133,950 (11.9%) $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
    Burlington's median listing price for 2024-03-01 was $154,900, a difference of $12,450 (8.7%) versus the prior year and $23,425 versus the prior month.

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

    Burlington's average listing price for 2024-03-01 was $193,536, a difference of $30,332 (18.6%) versus the prior year and $12,802 versus the prior month.

    For the 2024-03-01 period, Burlington had 87 MLS listings, a difference of 13 listings (18%) versus the prior month and 16 listings (23%) 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 1,551 sqft
    2019-06-01 0 days 1,598 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 1,679 sqft
    2020-02-01 0 days 1,473 sqft
    2020-03-01 0 days 1,473 sqft
    2020-04-01 0 days 1,487 sqft
    2020-05-01 0 days 1,500 sqft
    2020-06-01 0 days 1,561 sqft
    2020-07-01 0 days 1,574 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 1,407 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
    Burlington's median listing age (time on market) for 2024-03-01 was 0 days.

    Burlington's median square footage for active listings during the 2024-03-01 period was 1,460 sqft. One year prior, the average listing was 1,461 sqft.

    Burlington, IA-IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 358 $51,110,000 $142,765
    Refi 52 $4,610,000 $88,654
    Home Improvement 50 $1,600,000 $32,000
    Other 36 $1,530,000 $42,500
    Cash Out Refi 34 $2,510,000 $73,824

    Burlington's most frequently cited loan purpose was Home Purchase, with 358 originations. The 2nd most popular reason was Refi, with 52 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 265 $32,885,000 $124,094
    7-8% 122 $13,770,000 $112,869
    5-6% 74 $10,420,000 $140,811
    Over 8% 42 $2,450,000 $58,333
    <2.5% 4 $40,000 $10,000
    4-5% 1 $15,000 $15,000
    3-4% 1 $25,000 $25,000
    2.5-3% 1 $15,000 $15,000

    During 2023, Burlington's most frequently originated rate bucket was 6-7%, with 265 originations.

    Loan Sizing (Burlington, IA-IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 284 $14,940,000 $52,606
    $100k-200k 172 $24,300,000 $141,279
    $200k-400k 64 $16,910,000 $264,219
    $400k-600k 7 $3,315,000 $473,571
    $600k-1000k 3 $1,895,000 $631,667

    Burlington's loan sizing saw the bucket of loans from $100,000 or less with 284 originations, totaling $14,940,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 257 $38,305,000 $149,047
    60-80% 84 $12,090,000 $143,929
    Under 20% 73 $1,915,000 $26,233
    20-40% 52 $2,920,000 $56,154
    40-60% 36 $3,040,000 $84,444
    Over 100% 6 $1,010,000 $168,333

    Burlington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 257 originations, totaling $38,305,000 in origination value.