BURLINGTON Mortgage Rates
30 Year Fixed Rate mortgages in Burlington averaged
3.79%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.49% and
one month ago for the week of 2021-10-21, the
average rate was 3.58%.
Burlington's average rate one year ago was 3.41%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Burlington 30 Year Fixed Rate | 2021-11-24 | 3.79% |
| Burlington 30 Year Fixed Rate Refi | 2021-11-24 | 3.32% |
| Burlington 15 Year Fixed Rate | 2021-11-24 | 3.09% |
| Burlington 15 Year Fixed Rate Refi | 2021-11-24 | 2.52% |
| Burlington 30 Year FHA | 2021-11-24 | 3.72% |
| Burlington 30 Year FHA Refi | 2021-11-24 | 3.7% |
| Burlington 30 Year USDA | 2021-11-24 | 3.5% |
| Burlington 30 Year USDA Refi | 2021-11-24 | 3.16% |
| Burlington 30 Year VA | 2021-11-24 | 3.16% |
| Burlington 30 Year VA Refi | 2021-11-24 | 3.03% |
BURLINGTON Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the BURLINGTON, NC 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.).
BURLINGTON, NC's 186 lenders originated 6,614
loans during 2020. The total origination value was $1,345,200,000, with an average loan value of
$203,387.
The top BURLINGTON lender as defined by loan originations is STATE EMPLOYEES', with
416 loans originated. Their average total fees are
$2,820, which is $2,268
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee BURLINGTON lenders (with over 10 loans originated) are
KELLER MORTGAGE, LLC ($1,979), JPMorgan Chase Bank, National Association ($2,203), PNC Bank, National Association ($2,485), American National Bank and Trust Company ($2,588) and Wells Fargo Bank, National Association ($2,613).
The lowest rate BURLINGTON lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.83%), AMCAP MORTGAGE, LTD. (2.92%), DHI MORTGAGE COMPANY, LTD. (3.03%), Allen Tate Mortgage Partners, LLC (3.06%) and LOANDEPOT.COM, LLC (3.08%).
BURLINGTON, NC Lender 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| State Employees' Credit Union | $115,655,000 | $132,820,000 | 14.8% | 9.9% |
| Quicken Loans | $44,795,000 | $106,415,000 | 137.6% | 7.9% |
| Union Home Mortgage Company | $43,205,000 | $87,325,000 | 102.1% | 6.5% |
| Berkadia Commercial Mortgage | $20,005,000 | $52,585,000 | 162.9% | 3.9% |
| WELLS FARGO BANK NA | $62,015,000 | $42,410,000 | -31.6% | 3.2% |
| Branch Banking And Trust Co | $17,730,000 | $41,355,000 | 133.2% | 3.1% |
| Truliant Federal Credit Union | $25,760,000 | $38,125,000 | 48.0% | 2.8% |
| Freedom Mortgage Corporation | $10,770,000 | $35,170,000 | 226.6% | 2.6% |
| Pinnacle Bank | $3,420,000 | $33,275,000 | 873.0% | 2.5% |
| DHI Mortgage Company Limited | $5,960,000 | $31,805,000 | 433.6% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $29,700,000 | $26,630,000 | -10.3% | 2.0% |
| NorthMarq Capital Finance, L.L.C. | $25,305,000 | n/a | 1.9% | |
| Atlantic Bay Mortgage Group LLC | $7,855,000 | $21,055,000 | 168.0% | 1.6% |
| American National Bank and Trust Company | $30,935,000 | $20,905,000 | -32.4% | 1.6% |
| Greystone Servicing Corporation, Inc. | $20,245,000 | n/a | 1.5% | |
| FAIRWAY INDEPENDENT MORT CORP | $11,080,000 | $17,800,000 | 60.6% | 1.3% |
| First Bank | $5,340,000 | $16,165,000 | 202.7% | 1.2% |
| AGFIRST FARM CREDIT BANK | $11,225,000 | $15,320,000 | 36.5% | 1.1% |
| Victorian Finance, LLC | $7,625,000 | $15,120,000 | 98.3% | 1.1% |
| PENNYMAC LOAN SERVICES LLC | $3,490,000 | $14,875,000 | 326.2% | 1.1% |
| loanDepot LLC | $6,750,000 | $14,285,000 | 111.6% | 1.1% |
| The Fidelity Bank | $6,940,000 | $12,875,000 | 85.5% | 1.0% |
| United Shore Financial Services LLC | $6,440,000 | $12,250,000 | 90.2% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $5,985,000 | $11,160,000 | 86.5% | 0.8% |
| Amerisave Mortgage Corporation | $640,000 | $11,155,000 | 1,643.0% | 0.8% |
| Caliber Home Loans Inc | $3,990,000 | $11,075,000 | 177.6% | 0.8% |
| NEWREZ LLC | $5,670,000 | $10,845,000 | 91.3% | 0.8% |
| Mortgage Research Center LLC | $9,495,000 | $10,800,000 | 13.7% | 0.8% |
| Nationstar Mortgage | $5,645,000 | $10,260,000 | 81.8% | 0.8% |
| Keller Mortgage LLC | $4,915,000 | $9,880,000 | 101.0% | 0.7% |
| Corporate Investors Mortgage Group Inc. | $5,985,000 | $9,600,000 | 60.4% | 0.7% |
| First National Bank of Pennsylvania | $3,575,000 | $9,440,000 | 164.1% | 0.7% |
| Bank of America NA | $9,675,000 | $8,885,000 | -8.2% | 0.7% |
| Local Gov't Federal C U | $9,385,000 | $7,780,000 | -17.1% | 0.6% |
| New American Funding (dba for Broker Solutions Inc) | $3,705,000 | $7,775,000 | 109.9% | 0.6% |
| ALCOVA Mortgage LLC | $1,520,000 | $7,680,000 | 405.3% | 0.6% |
| First Savings & Loan Association | $4,560,000 | $7,620,000 | 67.1% | 0.6% |
| Hamilton Group Funding Inc. | $2,275,000 | $7,450,000 | 227.5% | 0.6% |
| Homeside Financial LLC | $5,050,000 | $7,110,000 | 40.8% | 0.5% |
| Better Mortgage Corporation | $1,000,000 | $7,050,000 | 605.0% | 0.5% |
| USAA FEDERAL SAVINGS BANK | $6,960,000 | $6,790,000 | -2.4% | 0.5% |
| Arbor Realty Trust Inc | $15,390,000 | $6,585,000 | -57.2% | 0.5% |
| Cardinal Financial Company LP | $1,675,000 | $6,535,000 | 290.1% | 0.5% |
| Proponent FCU | $5,840,000 | $6,385,000 | 9.3% | 0.5% |
| Guaranteed Rate Inc. | $2,855,000 | $6,360,000 | 122.8% | 0.5% |
| Prime Mortgage Lending Inc. | $5,550,000 | $6,340,000 | 14.2% | 0.5% |
| Allen Tate Mortgage Partners LLC | $1,965,000 | $6,160,000 | 213.5% | 0.5% |
| Jones Lang LaSalle Multifamily | $11,745,000 | $6,155,000 | -47.6% | 0.5% |
| Prosperity Home Mortgage LLC | $5,345,000 | $6,110,000 | 14.3% | 0.5% |
| Lakeview Loan Servicing, LLC | $2,530,000 | $6,060,000 | 139.5% | 0.5% |
| New Republic Savings Bank | $2,775,000 | $5,970,000 | 115.1% | 0.4% |
| First-Citizens Bank & Trust Co | $6,080,000 | $5,560,000 | -8.6% | 0.4% |
| WALKER & DUNLOP, LLC | $23,855,000 | $5,495,000 | -77.0% | 0.4% |
| US BANK, N.A. | $4,125,000 | $5,320,000 | 29.0% | 0.4% |
| Equity Resources Inc. | $2,470,000 | $5,210,000 | 110.9% | 0.4% |
| Coastal Federal Credit Union | $5,915,000 | $5,165,000 | -12.7% | 0.4% |
| JPMorgan Chase Bank, NA | $4,920,000 | $4,885,000 | -0.7% | 0.4% |
| Latino Community Credit Union | $3,095,000 | $4,885,000 | 57.8% | 0.4% |
| Village Capital & Investment | $990,000 | $4,795,000 | 384.3% | 0.4% |
| PNC BANK NA | $18,885,000 | $4,785,000 | -74.7% | 0.4% |
| NewDay Financial LLC dba NewDay USA | $1,765,000 | $4,705,000 | 166.6% | 0.3% |
| PRIMELENDING | $5,980,000 | $4,670,000 | -21.9% | 0.3% |
| Berkeley Point Capital, LLC | $4,485,000 | n/a | 0.3% | |
| Amcap Mortgage Ltd. | $195,000 | $4,190,000 | 2,048.7% | 0.3% |
| AMERIS BANK | $3,730,000 | $3,960,000 | 6.2% | 0.3% |
| Blue Ridge Bank, NA | $1,990,000 | $3,925,000 | 97.2% | 0.3% |
| Inspire Home Loans | $845,000 | $3,830,000 | 353.3% | 0.3% |
| TowneBank | $515,000 | $3,795,000 | 636.9% | 0.3% |
| Carolina Farm Credit, ACA | $1,330,000 | $3,470,000 | 160.9% | 0.3% |
| Churchill Mortgage Corporation | $3,400,000 | n/a | 0.3% | |
| The Federal Savings Bank | $825,000 | $3,370,000 | 308.5% | 0.3% |
| CBNA | $1,675,000 | $3,235,000 | 93.1% | 0.2% |
| Flagstar Bank | $975,000 | $3,190,000 | 227.2% | 0.2% |
| Reliance First Capital LLC | $2,015,000 | $3,110,000 | 54.3% | 0.2% |
| First Tennessee Bank National | $3,160,000 | $2,935,000 | -7.1% | 0.2% |
| RESIDENTIAL MORTGAGE SERVICES | $1,655,000 | $2,900,000 | 75.2% | 0.2% |
| First Heritage Mortgage, LLC | $2,810,000 | n/a | 0.2% | |
| Mortgage Solutions of Colorado LLC | $1,425,000 | $2,765,000 | 94.0% | 0.2% |
| Home Point Financial Corporation | $1,360,000 | $2,705,000 | 98.9% | 0.2% |
| Towne Mortgage Company | $1,615,000 | $2,705,000 | 67.5% | 0.2% |
| Primary Residential Mortgage Inc. | $2,940,000 | $2,645,000 | -10.0% | 0.2% |
| Towne Mtg of the Carolinas LLC | $1,890,000 | $2,475,000 | 31.0% | 0.2% |
| LoanPal | $1,695,000 | $2,465,000 | 45.4% | 0.2% |
| Highlands Residential Mortgage Ltd | $1,645,000 | $2,455,000 | 49.2% | 0.2% |
| IBERIABANK | $710,000 | $2,455,000 | 245.8% | 0.2% |
| Sun West Mortgage Company Inc. | $155,000 | $2,390,000 | 1,441.9% | 0.2% |
| Pentagon Federal Credit Union | $890,000 | $2,380,000 | 167.4% | 0.2% |
| Intercontinental Capital Group, Inc. | $2,320,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC | $1,770,000 | $2,290,000 | 29.4% | 0.2% |
| RENASANT BANK | $565,000 | $2,215,000 | 292.0% | 0.2% |
| AmeriHomeMortgageCompany,LL | $2,135,000 | $2,145,000 | 0.5% | 0.2% |
| HomeBridge Financial Services, Inc. | $2,310,000 | $2,105,000 | -8.9% | 0.2% |
| Wyndham Capital Mortgage | $1,775,000 | $2,075,000 | 16.9% | 0.2% |
| SOUTHERN TRUST MORTGAGE LLC | $665,000 | $2,055,000 | 209.0% | 0.2% |
| THE CENTRAL TRUST BANK | $2,050,000 | n/a | 0.2% | |
| McLean Mortgage Corporation | $1,870,000 | $2,020,000 | 8.0% | 0.2% |
| American Financing Corporation | $585,000 | $1,960,000 | 235.0% | 0.1% |
| AmeriFirst Home Mortgage | $1,195,000 | $1,935,000 | 61.9% | 0.1% |
| Gold Star Mortgage Financial Group, Corporation | $1,925,000 | n/a | 0.1% | |
| Clearpath Lending | $370,000 | $1,915,000 | 417.6% | 0.1% |
| CARRINGTON MORTGAGE SERVICES | $2,185,000 | $1,870,000 | -14.4% | 0.1% |
| American Financial Network Inc. | $2,735,000 | $1,840,000 | -32.7% | 0.1% |
| CERTAIN HOME LOANS, LLC | $95,000 | $1,810,000 | 1,805.3% | 0.1% |
| Intercoastal Mortgage Company | $1,800,000 | n/a | 0.1% | |
| United Community Bank | $135,000 | $1,720,000 | 1,174.1% | 0.1% |
| Royal United Mortgage LLC | $1,170,000 | $1,605,000 | 37.2% | 0.1% |
| Wolfe Financial Inc. DBA Integrity Mortgage Group | $1,115,000 | $1,575,000 | 41.3% | 0.1% |
| Self-Help Credit Union | $440,000 | $1,535,000 | 248.9% | 0.1% |
| 1st Signature Lending LLC | $425,000 | $1,525,000 | 258.8% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $880,000 | $1,480,000 | 68.2% | 0.1% |
| Ark-La-Tex Financial Services LLC | $1,225,000 | $1,375,000 | 12.2% | 0.1% |
| Allegacy Federal Credit Union | $945,000 | $1,370,000 | 45.0% | 0.1% |
| Synergy One Lending | $965,000 | $1,370,000 | 42.0% | 0.1% |
| On Q Financial Inc. | $2,480,000 | $1,315,000 | -47.0% | 0.1% |
| Southern First | $840,000 | $1,275,000 | 51.8% | 0.1% |
| CMG Mortgage Inc. | $745,000 | $1,270,000 | 70.5% | 0.1% |
| Barrington Bank & Trust | $1,690,000 | $1,225,000 | -27.5% | 0.1% |
| NTFN dba Premier Nationwide Lending | $270,000 | $1,225,000 | 353.7% | 0.1% |
| REGIONS BANK | $665,000 | $1,210,000 | 82.0% | 0.1% |
| North State Bank | $1,270,000 | $1,195,000 | -5.9% | 0.1% |
| Roxboro Savings Bank | $185,000 | $1,190,000 | 543.2% | 0.1% |
| First Reliance Bank | $580,000 | $1,170,000 | 101.7% | 0.1% |
| LendingHome Funding Corporation | $170,000 | $1,155,000 | 579.4% | 0.1% |
| Sovereign Lending Group, Inc | $815,000 | $1,140,000 | 39.9% | 0.1% |
| Planet Home Lending LLC | $680,000 | $1,115,000 | 64.0% | 0.1% |
| CalCon Mutual Mortgage LLC | $9,950,000 | $1,105,000 | -88.9% | 0.1% |
| ARVEST BANK | $225,000 | $1,025,000 | 355.6% | 0.1% |
| Duke University Federal Credit Union | $130,000 | $1,015,000 | 680.8% | 0.1% |
| Homespire Mortgage Corporation | $365,000 | $1,015,000 | 178.1% | 0.1% |
| NFM, Inc. | $205,000 | $1,005,000 | 390.2% | 0.1% |
| Provident Funding Associates | $2,060,000 | $980,000 | -52.4% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $55,000 | $925,000 | 1,581.8% | 0.1% |
| Milend Inc. | $615,000 | $900,000 | 46.3% | 0.1% |
| Paramount Residential Mortgage Group Inc. | $880,000 | n/a | 0.1% | |
| Mid America Mortgage Inc. | $855,000 | n/a | 0.1% | |
| DOLLAR BANK, FSB | $930,000 | $800,000 | -14.0% | 0.1% |
| Northpointe Bank | $35,000 | $790,000 | 2,157.1% | 0.1% |
| Cf Bank National Association | $785,000 | n/a | 0.1% | |
| NBKC Bank | $400,000 | $770,000 | 92.5% | 0.1% |
| Resource Financial Services, Inc. | $675,000 | $750,000 | 11.1% | 0.1% |
| American Financial Resources Inc. | $270,000 | $730,000 | 170.4% | 0.1% |
| Fifth Third Bank | $335,000 | $725,000 | 116.4% | 0.1% |
| Florida Capital Bank National Association | $720,000 | n/a | 0.1% | |
| US Mortgage of Florida | $720,000 | n/a | 0.1% | |
| First Mortgage Solutions LLC | $235,000 | $680,000 | 189.4% | 0.1% |
| CENTERSTATE BANK N.A. | $675,000 | n/a | 0.1% | |
| US Mortgage Corporation | $675,000 | n/a | 0.1% | |
| Low VA Rates | $2,085,000 | $650,000 | -68.8% | 0.0% |
| SoFi Lending Corp | $215,000 | $645,000 | 200.0% | 0.0% |
| North American Savings Bank | $1,180,000 | $640,000 | -45.8% | 0.0% |
| Mid-Continent Funding, Inc. | $630,000 | n/a | 0.0% | |
| Four Points Federal Credit Union | $215,000 | $625,000 | 190.7% | 0.0% |
| Hometown Lenders LLC | $625,000 | n/a | 0.0% | |
| Guild Mortgage Company | $305,000 | $620,000 | 103.3% | 0.0% |
| Baxter Credit Union | $615,000 | n/a | 0.0% | |
| Aurora Financial | $600,000 | n/a | 0.0% | |
| Nations Lending Corporation | $480,000 | $600,000 | 25.0% | 0.0% |
| Third Federal Savings and Loan | $275,000 | $595,000 | 116.4% | 0.0% |
| RESIDENTIAL ACCEPTANCE CORPORATION. RAC. | $590,000 | n/a | 0.0% | |
| TIAA, FSB | $465,000 | $545,000 | 17.2% | 0.0% |
| Capital Center LLC | $540,000 | n/a | 0.0% | |
| UIF Corporation | $540,000 | n/a | 0.0% | |
| Atlantic Coast Mortgage LLC | $535,000 | n/a | 0.0% | |
| Colonial Savings | $535,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $60,000 | $535,000 | 791.7% | 0.0% |
| Credit Union Mortgage Association Inc. | $360,000 | $520,000 | 44.4% | 0.0% |
| First Technology Credit Union | $520,000 | n/a | 0.0% | |
| Ladera Lending, Inc. | $510,000 | n/a | 0.0% | |
| George Mason Mortgage LLC | $480,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP | $770,000 | $475,000 | -38.3% | 0.0% |
| Oceanside Mortgage Company | $470,000 | $470,000 | 0.0% | 0.0% |
| Sierra Pacific Mortgage | $465,000 | $470,000 | 1.1% | 0.0% |
| Sirva Mortgage Inc. | $95,000 | $470,000 | 394.7% | 0.0% |
| Ruoff Home Mortgage | $125,000 | $465,000 | 272.0% | 0.0% |
| Lakeview Community Capital, LLC | $685,000 | $460,000 | -32.8% | 0.0% |
| Reverse Mortgage Funding LLC | $570,000 | $460,000 | -19.3% | 0.0% |
| GATEWAY MORTGAGE GROUP | $445,000 | n/a | 0.0% | |
| Midwest Loan Services Inc | $195,000 | $445,000 | 128.2% | 0.0% |
| CityWorth Mortgage | $1,055,000 | $430,000 | -59.2% | 0.0% |
| First Savings Bank | $485,000 | $430,000 | -11.3% | 0.0% |
| American Security Mortgage Corporation | $805,000 | $420,000 | -47.8% | 0.0% |
| Magnolia Bank Incorporated | $300,000 | $420,000 | 40.0% | 0.0% |
| American Federal Mortgage Corp. | $155,000 | $415,000 | 167.7% | 0.0% |
| Bank of England | $1,155,000 | $415,000 | -64.1% | 0.0% |
| Prime Choice Funding, Inc. | $410,000 | n/a | 0.0% | |
| Academy Mortgage Corporation | $450,000 | $400,000 | -11.1% | 0.0% |
| Geneva Financial LLC | $390,000 | n/a | 0.0% | |
| Discover Bank | $415,000 | $370,000 | -10.8% | 0.0% |
| LeaderOne Financial Corp. | $370,000 | n/a | 0.0% | |
| Plains Commerce Bank | $370,000 | n/a | 0.0% | |
| Honda Federal Credit Union | $330,000 | $365,000 | 10.6% | 0.0% |
| Deere Employees Credit Union | $85,000 | $360,000 | 323.5% | 0.0% |
| Equity Prime Mortgage LLC | $360,000 | n/a | 0.0% | |
| Impac Mortgage Corp. dba CashCall Mortgage | $360,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $355,000 | n/a | 0.0% | |
| Homestead Funding Corp. | $205,000 | $355,000 | 73.2% | 0.0% |
| American Residential Lending | $155,000 | $350,000 | 125.8% | 0.0% |
| CAPITAL BANK, NA | $225,000 | $340,000 | 51.1% | 0.0% |
| PHH MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| Finance of America Commercial LLC | $330,000 | n/a | 0.0% | |
| First Home Bank | $105,000 | $330,000 | 214.3% | 0.0% |
| Mortgage Lenders of America LLC | $1,055,000 | $330,000 | -68.7% | 0.0% |
| T2 Financial LLC | $315,000 | n/a | 0.0% | |
| Land Home Financial Services Inc. | $310,000 | n/a | 0.0% | |
| AAG | $330,000 | $305,000 | -7.6% | 0.0% |
| Axos Bank | $305,000 | n/a | 0.0% | |
| ENTERPRISE BANK & TRUST | $300,000 | n/a | 0.0% | |
| Union Bank | $1,460,000 | $300,000 | -79.5% | 0.0% |
| top flite financial, inc. | $290,000 | n/a | 0.0% | |
| HomeStar Financial Corporation | $285,000 | n/a | 0.0% | |
| TD Bank | $320,000 | $285,000 | -10.9% | 0.0% |
| UNITED BANK VA | $285,000 | n/a | 0.0% | |
| Waterstone Mortgage Corp | $285,000 | n/a | 0.0% | |
| First Carolina Bank | $280,000 | n/a | 0.0% | |
| Texana Bank, N.A. | $280,000 | n/a | 0.0% | |
| SOUTH STATE BANK | $115,000 | $275,000 | 139.1% | 0.0% |
| GSF Mortgage Corporation | $265,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $595,000 | $265,000 | -55.5% | 0.0% |
| Angel Oak Mortgage Solutions | $260,000 | n/a | 0.0% | |
| FirstBank | $205,000 | $255,000 | 24.4% | 0.0% |
| V.I.P. Mortgage Inc. | $255,000 | n/a | 0.0% | |
| Reliant Bank | $250,000 | n/a | 0.0% | |
| Total Mortgage Services LLC | $245,000 | n/a | 0.0% | |
| M&T Bank | $240,000 | n/a | 0.0% | |
| Family First Funding LLC | $235,000 | n/a | 0.0% | |
| GOLD Credit Union | $225,000 | n/a | 0.0% | |
| Union Bank & Trust | $370,000 | $225,000 | -39.2% | 0.0% |
| First Guaranty Mortgage Corporation | $320,000 | $220,000 | -31.3% | 0.0% |
| American Neighborhood Mortgage dba AnnieMac Home Mortgage | $215,000 | n/a | 0.0% | |
| AUSTIN CAPITAL BANK SSB | $215,000 | n/a | 0.0% | |
| Citizens Equity First Credit Union (CEFCU) | $215,000 | n/a | 0.0% | |
| Countybank | $215,000 | n/a | 0.0% | |
| Embrace Home Loans, Inc. | $620,000 | $215,000 | -65.3% | 0.0% |
| Empower Federal Credit Union | $215,000 | n/a | 0.0% | |
| Paramount Bank | $420,000 | $215,000 | -48.8% | 0.0% |
| State Farm Bank | $760,000 | $215,000 | -71.7% | 0.0% |
| Watermark Home Loans | $215,000 | n/a | 0.0% | |
| Civic Financial Services | $210,000 | n/a | 0.0% | |
| Plaza Home Mortgage Inc. | $605,000 | $210,000 | -65.3% | 0.0% |
| Contour Mortgage Corporation | $205,000 | n/a | 0.0% | |
| Kwik Mortgage Corp. | $205,000 | n/a | 0.0% | |
| James B. Nutter & Company | $195,000 | n/a | 0.0% | |
| Piedmont Federal Savings Bank | $195,000 | n/a | 0.0% | |
| Acopia, LLC | $185,000 | n/a | 0.0% | |
| E Mortgage Management LLC | $195,000 | $185,000 | -5.1% | 0.0% |
| Finance of America Mortgage LLC | $450,000 | $185,000 | -58.9% | 0.0% |
| Intercap Lending Inc | $185,000 | n/a | 0.0% | |
| Northern Mortgage Services, LLC | $185,000 | n/a | 0.0% | |
| Signature Mortgage Corporation | $320,000 | $185,000 | -42.2% | 0.0% |
| SUMMIT COMMUNITY BANK | $185,000 | n/a | 0.0% | |
| Welcome Federal Credit Union | $185,000 | n/a | 0.0% | |
| First Home Mortgage | $175,000 | n/a | 0.0% | |
| SWBC Mortgage Corporation | $175,000 | n/a | 0.0% | |
| United Security Financial | $175,000 | n/a | 0.0% | |
| Ixonia Bank | $165,000 | n/a | 0.0% | |
| Navigant Credit Union | $165,000 | n/a | 0.0% | |
| Network Capital Funding Corporation | $230,000 | $155,000 | -32.6% | 0.0% |
| Residential Home Funding Corp. | $155,000 | n/a | 0.0% | |
| Sharonview Federal CU | $155,000 | n/a | 0.0% | |
| WEST TOWN BANK & TRUST | $510,000 | $155,000 | -69.6% | 0.0% |
| CENTRAL BANK OF ST LOUIS | $145,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | n/a | 0.0% | |
| Southpoint Financial Services | $145,000 | n/a | 0.0% | |
| Liberty Home Mortgage Corp | $135,000 | n/a | 0.0% | |
| Triumph Bank | $135,000 | n/a | 0.0% | |
| Allied Mortgage Group Inc | $125,000 | n/a | 0.0% | |
| Greenbox Loans Inc. | $125,000 | n/a | 0.0% | |
| AimLoan.com | $115,000 | $115,000 | 0.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $2,930,000 | $115,000 | -96.1% | 0.0% |
| The Lyons National Bank | $115,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $115,000 | n/a | 0.0% | |
| 21ST MORTGAGE | $205,000 | $110,000 | -46.3% | 0.0% |
| Select Bank & Trust Company | $630,000 | $110,000 | -82.5% | 0.0% |
| Evolve Bank & Trust | $105,000 | n/a | 0.0% | |
| Huntington National Bank | $985,000 | $105,000 | -89.3% | 0.0% |
| Northrop Grumman Federal Credit Union | $105,000 | n/a | 0.0% | |
| Silver Hill Funding, LLC | $105,000 | n/a | 0.0% | |
| Dominion Financial Services | $85,000 | n/a | 0.0% | |
| Legends Bank | $85,000 | n/a | 0.0% | |
| Tower Federal Credit Union | $200,000 | $85,000 | -57.5% | 0.0% |
| Summit Credit Union | $235,000 | $80,000 | -66.0% | 0.0% |
| Corning Federal Credit Union | $35,000 | $65,000 | 85.7% | 0.0% |
| TCF National Bank | $105,000 | $45,000 | -57.1% | 0.0% |
BURLINGTON's top lender by overall market share is State Employees' Credit Union, with 9.9% market share. In second place, with 7.9%, is Quicken Loans, having originated $106,415,000 in loans. In third place, with 6.5%, is Union Home Mortgage Company, having originated $87,325,000 in loans. In third place, with 3.9%, is Berkadia Commercial Mortgage, having originated $52,585,000 in loans. In third place, with 3.2%, is WELLS FARGO BANK NA, having originated $42,410,000 in loans.
BURLINGTON, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 2,734 | $537,160,000 | $196,474 |
| Home Purchase | 2,658 | $605,020,000 | $227,622 |
| Cash Out Refi | 652 | $121,370,000 | $186,150 |
| Other | 286 | $62,980,000 | $220,210 |
| Home Improvement | 284 | $18,670,000 | $65,739 |
Burlington's most frequently cited loan purpose was Refi, with 2,734 originations. The 2nd most popular reason was Home Purchase, with 2,658 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,873 | $604,545,000 | $210,423 |
| 2.5-3% | 1,956 | $427,320,000 | $218,466 |
| 4-5% | 841 | $139,095,000 | $165,392 |
| <2.5% | 516 | $113,780,000 | $220,504 |
| 5-6% | 187 | $17,525,000 | $93,717 |
| Over 8% | 93 | $7,415,000 | $79,731 |
| 6-7% | 50 | $2,940,000 | $58,800 |
| 7-8% | 12 | $1,040,000 | $86,667 |
During 2020, Burlington's most frequently originated rate bucket was 3-4%, with 2,873 originations.
Loan Sizing (BURLINGTON, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,865 | $431,465,000 | $150,599 |
| $200k-400k | 2,264 | $591,220,000 | $261,140 |
| $100,000 or less | 1,305 | $77,775,000 | $59,598 |
| $400k-600k | 148 | $67,560,000 | $456,486 |
| $Over $1MM | 19 | $167,945,000 | $8,839,211 |
| $600k-1000k | 13 | $9,235,000 | $710,385 |
BURLINGTON's loan sizing saw the bucket of loans from $100k-200k with 2,865 originations, totaling $431,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,884 | $638,370,000 | $221,349 |
| 60-80% | 1,837 | $450,985,000 | $245,501 |
| 40-60% | 639 | $96,645,000 | $151,244 |
| 20-40% | 413 | $38,685,000 | $93,668 |
| Under 20% | 330 | $10,390,000 | $31,485 |
| Over 100% | 119 | $27,485,000 | $230,966 |
BURLINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,884 originations, totaling $638,370,000 in origination value.