BURLINGTON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Burlington averaged
6.4%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.29% and
one month ago for the week of 2024-11-07, the
average rate was 6.49%.
Burlington's average rate one year ago was 6.53%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.26%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Burlington 30 Year Fixed Rate | 2024-12-12 | 6.4% |
Burlington 30 Year Fixed Rate Refi | 2024-12-12 | 7.26% |
Burlington 15 Year Fixed Rate | 2024-12-12 | 5.64% |
Burlington 15 Year Fixed Rate Refi | 2024-12-12 | 6.04% |
Burlington 30 Year FHA | 2024-12-12 | 5.91% |
Burlington 30 Year FHA Refi | 2024-12-12 | 6.08% |
Burlington 30 Year USDA | 2024-12-12 | 6.1% |
Burlington 30 Year USDA Refi | 2024-12-12 | 6.1% |
Burlington 30 Year VA | 2024-12-12 | 5.68% |
Burlington 30 Year VA Refi | 2024-12-12 | 6.28% |
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, 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 Average Closing Costs & Other Stats
BURLINGTON, NC's 152 lenders originated 4,182
loans during 2023. The total origination value was $941,610,000, with an average loan value of
$225,158.
BURLINGTON's average closing costs are $4,812.
The top BURLINGTON lender as defined by loan originations is STATE EMPLOYEES', with
335 loans originated. Their average total fees are
$4,177, which is $1,457
higher than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee BURLINGTON lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($2,721), Truliant Federal Credit Union ($3,502), STATE EMPLOYEES' ($4,177), LOANDEPOT.COM, LLC ($4,183) and Truist ($4,244).
The lowest rate BURLINGTON lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.64%), LOANDEPOT.COM, LLC (5.78%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (5.84%), STATE EMPLOYEES' (5.87%) and Wells Fargo Bank (6.15%).
BURLINGTON, NC 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 |
---|---|---|---|---|
STATE EMPLOYEES' | $202,490,000 | $132,635,000 | -34.5% | 14.1% |
DHI MORTGAGE COMPANY, LTD. | $35,370,000 | $81,710,000 | 131.0% | 8.7% |
Truist | $23,835,000 | $61,235,000 | 156.9% | 6.5% |
QUICKEN LOANS, LLC | $64,955,000 | $42,325,000 | -34.8% | 4.5% |
Truliant Federal Credit Union | $46,390,000 | $35,215,000 | -24.1% | 3.7% |
Wells Fargo Bank | $26,545,000 | $34,735,000 | 30.9% | 3.7% |
MOVEMENT MORTGAGE, LLC | $38,595,000 | $32,900,000 | -14.8% | 3.5% |
UNION HOME MORTGAGE CORP. | $40,010,000 | $30,070,000 | -24.8% | 3.2% |
LOANDEPOT.COM, LLC | $22,655,000 | $29,305,000 | 29.4% | 3.1% |
Barings Multifamily Capital | $21,515,000 | n/a | 2.3% | |
UNITED WHOLESALE MORTGAGE, LLC | $19,835,000 | $17,020,000 | -14.2% | 1.8% |
The Fidelity Bank | $12,265,000 | $16,930,000 | 38.0% | 1.8% |
Mortgage Research Center, LLC | $14,510,000 | $16,545,000 | 14.0% | 1.8% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $15,965,000 | $15,915,000 | -0.3% | 1.7% |
Arbor Realty Trust, Inc. | $1,605,000 | $15,145,000 | 843.6% | 1.6% |
CROSSCOUNTRY MORTGAGE, LLC | $12,705,000 | $14,065,000 | 10.7% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $19,635,000 | $13,660,000 | -30.4% | 1.5% |
American National Bank and Trust Company | $24,995,000 | $11,950,000 | -52.2% | 1.3% |
Pinnacle Bank | $8,810,000 | $10,560,000 | 19.9% | 1.1% |
First National Bank of Pennsylvania | $7,850,000 | $9,570,000 | 21.9% | 1.0% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $16,570,000 | $9,295,000 | -43.9% | 1.0% |
Corporate Investors Mortgage Group, Inc. | $10,300,000 | $8,465,000 | -17.8% | 0.9% |
COASTAL Federal Credit Union | $9,025,000 | $8,140,000 | -9.8% | 0.9% |
GUARANTEED RATE, INC. | $8,330,000 | $7,515,000 | -9.8% | 0.8% |
NAVY FEDERAL CREDIT UNION | $11,400,000 | $7,355,000 | -35.5% | 0.8% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $245,000 | $7,305,000 | 2,881.6% | 0.8% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $7,395,000 | $6,275,000 | -15.1% | 0.7% |
LATINO COMMUNITY CREDIT UNION | $7,125,000 | $6,090,000 | -14.5% | 0.6% |
First-Citizens Bank & Trust Company | $7,520,000 | $5,690,000 | -24.3% | 0.6% |
PNC Bank | $9,995,000 | $5,605,000 | -43.9% | 0.6% |
PROPONENT Federal Credit Union | $5,335,000 | $5,595,000 | 4.9% | 0.6% |
HOMESIDE FINANCIAL, LLC | $4,675,000 | $5,370,000 | 14.9% | 0.6% |
INTERCOASTAL MORTGAGE COMPANY | $6,280,000 | $5,340,000 | -15.0% | 0.6% |
LENDINGHOME FUNDING CORPORATION | $3,200,000 | $5,150,000 | 60.9% | 0.5% |
Bank of America | $9,115,000 | $5,135,000 | -43.7% | 0.5% |
Towne Mortgage of the Carolinas, LLC | $3,755,000 | $4,735,000 | 26.1% | 0.5% |
Prosperity Home Mortgage, LLC | $8,455,000 | $4,550,000 | -46.2% | 0.5% |
First Bank | $15,845,000 | $4,490,000 | -71.7% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $10,745,000 | $4,040,000 | -62.4% | 0.4% |
First Savings and Loan Association | $3,910,000 | n/a | 0.4% | |
AgFirst Farm Credit Bank | $7,730,000 | $3,905,000 | -49.5% | 0.4% |
CMG MORTGAGE, INC. | $2,885,000 | $3,855,000 | 33.6% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $10,480,000 | $3,680,000 | -64.9% | 0.4% |
CORNERSTONE HOME LENDING, INC. | $1,530,000 | $3,560,000 | 132.7% | 0.4% |
Ameris Bank | $5,375,000 | $3,350,000 | -37.7% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,555,000 | $3,335,000 | -26.8% | 0.4% |
GoPrime Mortgage, Inc. | $4,480,000 | $3,290,000 | -26.6% | 0.3% |
Touchstone Bank | $645,000 | $2,990,000 | 363.6% | 0.3% |
First National Bank | $2,835,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $6,745,000 | $2,750,000 | -59.2% | 0.3% |
T2 FINANCIAL LLC | $2,055,000 | $2,730,000 | 32.8% | 0.3% |
Victorian Finance, LLC | $4,410,000 | $2,575,000 | -41.6% | 0.3% |
JPMorgan Chase Bank | $4,265,000 | $2,565,000 | -39.9% | 0.3% |
USAA Federal Savings Bank | $1,720,000 | $2,520,000 | 46.5% | 0.3% |
NEWREZ LLC | $2,995,000 | $2,415,000 | -19.4% | 0.3% |
EQUITY RESOURCES, INC. | $3,030,000 | $2,375,000 | -21.6% | 0.3% |
Alcova Mortgage LLC | $6,135,000 | $2,355,000 | -61.6% | 0.3% |
United Bank | $2,135,000 | $2,205,000 | 3.3% | 0.2% |
The Federal Savings Bank | $2,325,000 | $2,200,000 | -5.4% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $7,675,000 | $2,195,000 | -71.4% | 0.2% |
Select Bank | $3,140,000 | $2,175,000 | -30.7% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,945,000 | $2,115,000 | 8.7% | 0.2% |
Carrington Mortgage Services, LLC | $1,850,000 | $2,100,000 | 13.5% | 0.2% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $2,000,000 | n/a | 0.2% | |
United Community Bank | $1,225,000 | $1,985,000 | 62.0% | 0.2% |
Flagstar Bank, FSB | $27,525,000 | $1,920,000 | -93.0% | 0.2% |
Discover Bank | $1,305,000 | $1,875,000 | 43.7% | 0.2% |
Blue Ridge Bank | $4,490,000 | $1,840,000 | -59.0% | 0.2% |
The Central Trust Bank | $700,000 | $1,835,000 | 162.1% | 0.2% |
North State Bank | $1,040,000 | $1,795,000 | 72.6% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $6,675,000 | $1,715,000 | -74.3% | 0.2% |
Citizens Bank | $175,000 | $1,680,000 | 860.0% | 0.2% |
CARDINAL FINANCIAL | $3,365,000 | $1,675,000 | -50.2% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $2,100,000 | $1,620,000 | -22.9% | 0.2% |
Integrity Home Mortgage Corp | $1,590,000 | n/a | 0.2% | |
ACADEMY MORTGAGE CORPORATION | $1,505,000 | n/a | 0.2% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,285,000 | $1,440,000 | 12.1% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $975,000 | $1,380,000 | 41.5% | 0.1% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $1,345,000 | $1,350,000 | 0.4% | 0.1% |
U.S. Bank | $2,580,000 | $1,290,000 | -50.0% | 0.1% |
ZILLOW HOME LOANS, LLC | $2,035,000 | $1,280,000 | -37.1% | 0.1% |
Atlantic Coast Mortgage, LLC | $1,260,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $805,000 | $1,240,000 | 54.0% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,560,000 | $1,190,000 | -53.5% | 0.1% |
LOANPAL, LLC | $2,470,000 | $1,185,000 | -52.0% | 0.1% |
American Security Mortgage Corp. | $1,685,000 | $1,120,000 | -33.5% | 0.1% |
BAY EQUITY LLC | $1,325,000 | $1,110,000 | -16.2% | 0.1% |
UIF CORPORATION | $550,000 | $1,065,000 | 93.6% | 0.1% |
LIMA ONE CAPITAL, LLC | $1,035,000 | $1,060,000 | 2.4% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,995,000 | $1,020,000 | -48.9% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $1,555,000 | $1,020,000 | -34.4% | 0.1% |
Bank OZK | $1,015,000 | n/a | 0.1% | |
Fifth Third Bank | $2,235,000 | $1,010,000 | -54.8% | 0.1% |
CHARLOTTE METRO FEDERAL CREDIT UNION | $1,465,000 | $1,005,000 | -31.4% | 0.1% |
FIRST HOME MORTGAGE CORPORATION | $345,000 | $1,005,000 | 191.3% | 0.1% |
DELMAR FINANCIAL COMPANY | $990,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,175,000 | $985,000 | -16.2% | 0.1% |
First Federal Bank | $330,000 | $980,000 | 197.0% | 0.1% |
Presidential Bank, FSB | $975,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $500,000 | $945,000 | 89.0% | 0.1% |
Bank of England | $460,000 | $935,000 | 103.3% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $1,120,000 | $925,000 | -17.4% | 0.1% |
MICHIGAN MUTUAL, INC. | $905,000 | n/a | 0.1% | |
Regions Bank | $1,900,000 | $890,000 | -53.2% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $860,000 | n/a | 0.1% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $135,000 | $855,000 | 533.3% | 0.1% |
GENEVA FINANCIAL, LLC | $835,000 | n/a | 0.1% | |
Figure Lending LLC | $1,330,000 | $830,000 | -37.6% | 0.1% |
SILVER HILL FUNDING, LLC | $815,000 | n/a | 0.1% | |
Nations Lending Corporation | $1,030,000 | $805,000 | -21.8% | 0.1% |
SOVEREIGN LENDING GROUP INCORPORATED | $1,070,000 | $790,000 | -26.2% | 0.1% |
ALLEGACY FEDERAL CREDIT UNION | $2,420,000 | $750,000 | -69.0% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $2,390,000 | $740,000 | -69.0% | 0.1% |
NMSI, INC. | $720,000 | n/a | 0.1% | |
Wolfe Financial, Inc | $1,595,000 | $710,000 | -55.5% | 0.1% |
PREMIA MORTGAGE, LLC | $700,000 | n/a | 0.1% | |
TEACHERS | $700,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $920,000 | $690,000 | -25.0% | 0.1% |
First Horizon Bank | $3,870,000 | $675,000 | -82.6% | 0.1% |
Roxboro Savings Bank SSB | $2,130,000 | $670,000 | -68.5% | 0.1% |
LENDINGONE, LLC | $2,195,000 | $665,000 | -69.7% | 0.1% |
RF Renovo Management Company, LLC | $2,170,000 | $660,000 | -69.6% | 0.1% |
MILEND, INC. | $1,040,000 | $655,000 | -37.0% | 0.1% |
The Huntington National Bank | $635,000 | $655,000 | 3.1% | 0.1% |
GUILD MORTGAGE COMPANY | $1,015,000 | $650,000 | -36.0% | 0.1% |
First Heritage Mortgage, LLC | $1,030,000 | $645,000 | -37.4% | 0.1% |
AMERICAN HERITAGE LENDING, INC. | $390,000 | $640,000 | 64.1% | 0.1% |
21ST MORTGAGE CORPORATION | $1,265,000 | $635,000 | -49.8% | 0.1% |
ALLIED MORTGAGE GROUP, INC. | $630,000 | n/a | 0.1% | |
CLEARPATH LENDING | $620,000 | n/a | 0.1% | |
HOMESPIRE MORTGAGE CORPORATION | $610,000 | $615,000 | 0.8% | 0.1% |
AMERICAN FINANCING CORPORATION | $1,780,000 | $610,000 | -65.7% | 0.1% |
Core Bank | $605,000 | n/a | 0.1% | |
South State Bank | $555,000 | $600,000 | 8.1% | 0.1% |
First Savings Bank | $590,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $365,000 | $555,000 | 52.1% | 0.1% |
SELF-HELP Credit Union | $1,645,000 | $555,000 | -66.3% | 0.1% |
Toyota Financial Savings Bank | $550,000 | n/a | 0.1% | |
CALIBER HOME LOANS, INC. | $7,050,000 | $535,000 | -92.4% | 0.1% |
WINGS FINANCIAL | $535,000 | n/a | 0.1% | |
NATION ONE MORTGAGE CORPORATION | $530,000 | n/a | 0.1% | |
CAPITAL CENTER, L.L.C. | $3,430,000 | $520,000 | -84.8% | 0.1% |
EVERETT FINANCIAL, INC. | $635,000 | $520,000 | -18.1% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $500,000 | n/a | 0.1% | |
Network Funding, L.P. | $495,000 | n/a | 0.1% | |
TD Bank | $685,000 | $490,000 | -28.5% | 0.1% |
AMCAP MORTGAGE, LTD. | $1,725,000 | $475,000 | -72.5% | 0.1% |
Ardent Federal Credit Union | $475,000 | n/a | 0.1% | |
Summit Credit Union | $145,000 | $475,000 | 227.6% | 0.1% |
Farmers Bank & Trust | $285,000 | $465,000 | 63.2% | 0.0% |
Mortgage Assurance Inc. | $680,000 | $455,000 | -33.1% | 0.0% |
Southern Bank and Trust Company | $305,000 | $445,000 | 45.9% | 0.0% |
SUN WEST MORTGAGE COMPANY, INC. | $565,000 | $440,000 | -22.1% | 0.0% |
AMERICAN FINANCIAL RESOURCES, INC. | $670,000 | $430,000 | -35.8% | 0.0% |
BETTER MORTGAGE CORPORATION | $2,885,000 | $430,000 | -85.1% | 0.0% |
Deere Employees Credit Union | $345,000 | $425,000 | 23.2% | 0.0% |
FOUR POINTS | $425,000 | n/a | 0.0% | |
Morgan Stanley Private Bank | $405,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $400,000 | n/a | 0.0% | |
CHURCHILL MORTGAGE CORPORATION | $260,000 | $390,000 | 50.0% | 0.0% |
NFM, INC. | $6,395,000 | $390,000 | -93.9% | 0.0% |
DIGITAL Federal Credit Union | $135,000 | $385,000 | 185.2% | 0.0% |
SOUTHERN TRUST MORTGAGE, LLC | $1,115,000 | $380,000 | -65.9% | 0.0% |
VELOCITY COMMERCIAL CAPITAL, LLC | $105,000 | $375,000 | 257.1% | 0.0% |
HomeTrust Bank | $800,000 | $370,000 | -53.8% | 0.0% |
Sierra Pacific Mortgage Company, Inc. | $365,000 | n/a | 0.0% | |
NBKC BANK | $1,670,000 | $355,000 | -78.7% | 0.0% |
Towne Mortgage, LLC | $355,000 | n/a | 0.0% | |
DOMINION FINANCIAL SERVICES, LLC | $350,000 | n/a | 0.0% | |
Goldwater Bank, N.A. | $345,000 | n/a | 0.0% | |
MORTGAGE ACCESS CORP. | $345,000 | n/a | 0.0% | |
Allen Tate Mortgage Partners, LLC | $5,520,000 | $340,000 | -93.8% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $600,000 | $340,000 | -43.3% | 0.0% |
Colonial Savings, F.A. | $1,480,000 | $335,000 | -77.4% | 0.0% |
Shamrock Home Loans, Inc. | $115,000 | $330,000 | 187.0% | 0.0% |
BANC ONE MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
DAS Acquisition Company, LLC | $185,000 | $325,000 | 75.7% | 0.0% |
PLANET HOME LENDING, LLC | $370,000 | $320,000 | -13.5% | 0.0% |
HUNT MORTGAGE CORPORATION | $1,560,000 | $315,000 | -79.8% | 0.0% |
Peoples Bank | $1,055,000 | $315,000 | -70.1% | 0.0% |
USAlliance Federal Credit Union | $315,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $310,000 | n/a | 0.0% | |
EASTMAN | $330,000 | $305,000 | -7.6% | 0.0% |
MORTGAGE EQUITY PARTNERS LLC | $305,000 | n/a | 0.0% | |
MORTGAGE INVESTORS GROUP, INC. | $305,000 | n/a | 0.0% | |
The Loan Store, Inc. | $305,000 | n/a | 0.0% | |
TIDEWATER MORTGAGE SERVICES, INC. | $305,000 | n/a | 0.0% | |
Magnolia Bank | $295,000 | n/a | 0.0% | |
MAX Credit Union | $295,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $500,000 | $290,000 | -42.0% | 0.0% |
Grow Financial Federal Credit Union | $285,000 | n/a | 0.0% | |
Skyline National Bank | $285,000 | n/a | 0.0% | |
Paramount Residential Mortgage Group, Inc. | $950,000 | $280,000 | -70.5% | 0.0% |
INSPIRE HOME LOANS INC. | $2,085,000 | $275,000 | -86.8% | 0.0% |
LAKEVIEW LOAN SERVICING, LLC | $3,040,000 | $270,000 | -91.1% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $370,000 | $265,000 | -28.4% | 0.0% |
Mazuma Credit Union | $255,000 | n/a | 0.0% | |
A&D Mortgage LLC | $245,000 | n/a | 0.0% | |
FIRST MORTGAGE COMPANY, INC. | $245,000 | n/a | 0.0% | |
UNIFY FINANCIAL Credit Union | $245,000 | n/a | 0.0% | |
DEEPHAVEN MORTGAGE LLC | $235,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $680,000 | $230,000 | -66.2% | 0.0% |
FIRST ALLIANCE HOME MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
TOWNE MORTGAGE COMPANY | $515,000 | $225,000 | -56.3% | 0.0% |
1ST SIGNATURE LENDING, LLC | $490,000 | $215,000 | -56.1% | 0.0% |
QUORUM FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
SOUTHEAST MORTGAGE OF GEORGIA, INC. | $215,000 | n/a | 0.0% | |
SPRING EQ, LLC | $620,000 | $210,000 | -66.1% | 0.0% |
AMERICAN FINANCIAL NETWORK, INC. | $205,000 | n/a | 0.0% | |
FIDELITY DIRECT MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
MORIA DEVELOPMENT, INC. | $185,000 | $205,000 | 10.8% | 0.0% |
Northpointe Bank | $1,325,000 | $205,000 | -84.5% | 0.0% |
Peoples Bank | $1,055,000 | $205,000 | -80.6% | 0.0% |
Residential Mortgage Solutions, Inc. | $185,000 | $205,000 | 10.8% | 0.0% |
Greenbox Loans, Inc. | $195,000 | n/a | 0.0% | |
OCMBC, INC. | $195,000 | n/a | 0.0% | |
SUCCESS MORTGAGE PARTNERS, INC. | $165,000 | $195,000 | 18.2% | 0.0% |
THRIVE MORTGAGE, LLC | $145,000 | $195,000 | 34.5% | 0.0% |
Tidewater Home Funding, LLC | $335,000 | $195,000 | -41.8% | 0.0% |
NETWORK CAPITAL FUNDING CORPORATION | $190,000 | n/a | 0.0% | |
NTFN, INC. | $185,000 | n/a | 0.0% | |
Towne Bank | $15,725,000 | $185,000 | -98.8% | 0.0% |
Ally Bank | $1,680,000 | $175,000 | -89.6% | 0.0% |
Benchmark Community Bank | $460,000 | $175,000 | -62.0% | 0.0% |
DUKE UNIVERSITY FEDERAL CREDIT UNION | $300,000 | $175,000 | -41.7% | 0.0% |
First Carolina Bank | $410,000 | $175,000 | -57.3% | 0.0% |
FIRST FLIGHT FEDERAL CREDIT UNION | $175,000 | n/a | 0.0% | |
HOMEXPRESS MORTGAGE CORP. | $300,000 | $175,000 | -41.7% | 0.0% |
RESIDENTIAL HOME FUNDING CORP. | $175,000 | n/a | 0.0% | |
POLARIS HOME FUNDING CORP. | $165,000 | n/a | 0.0% | |
MID AMERICA MORTGAGE, INC. | $360,000 | $160,000 | -55.6% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $95,000 | $155,000 | 63.2% | 0.0% |
First National Bank of America | $155,000 | n/a | 0.0% | |
Baxter Credit Union | $840,000 | $150,000 | -82.1% | 0.0% |
GUIDANCE RESIDENTIAL, LLC | $145,000 | n/a | 0.0% | |
Watermark Capital, Inc. | $145,000 | n/a | 0.0% | |
Coastal Carolina National Bank | $135,000 | n/a | 0.0% | |
United States Senate Federal Credit Union | $135,000 | n/a | 0.0% | |
Gateway First Bank | $365,000 | $130,000 | -64.4% | 0.0% |
FIRST COMMUNITY MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
Mid-Continent Funding, Inc. | $985,000 | $125,000 | -87.3% | 0.0% |
Piedmont Federal Savings Bank | $125,000 | n/a | 0.0% | |
Plains Commerce Bank | $265,000 | $125,000 | -52.8% | 0.0% |
BAYSHORE MORTGAGE FUNDING, LLC | $105,000 | n/a | 0.0% | |
RADIUS FINANCIAL GROUP INC. | $100,000 | n/a | 0.0% | |
Uwharrie Bank | $95,000 | n/a | 0.0% | |
MidFirst Bank | $75,000 | $85,000 | 13.3% | 0.0% |
PHH Mortgage Corporation | $180,000 | $85,000 | -52.8% | 0.0% |
Princeton Mortgage Corporation | $385,000 | $85,000 | -77.9% | 0.0% |
RUOFF MORTGAGE COMPANY, INC. | $95,000 | $85,000 | -10.5% | 0.0% |
Bethpage Federal Credit Union | $35,000 | $75,000 | 114.3% | 0.0% |
Marine Federal Credit Union | $365,000 | $55,000 | -84.9% | 0.0% |
ALLIANT CREDIT UNION | $105,000 | $45,000 | -57.1% | 0.0% |
UTILITIES EMPLOYEES CREDIT UNION | $45,000 | n/a | 0.0% | |
HONDA Federal Credit Union | $140,000 | $15,000 | -89.3% | 0.0% |
BURLINGTON's top lender by overall market share is STATE EMPLOYEES', with 14.1% market share. In second place, with 8.7%, is DHI MORTGAGE COMPANY, LTD., having originated $81,710,000 in loans. In third place, with 6.5%, is Truist, having originated $61,235,000 in loans. In fourth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $42,325,000 in loans. In fifth place, with 3.7%, is Truliant Federal Credit Union, having originated $35,215,000 in loans.
BURLINGTON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - BURLINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $197,500 (14.7%) | $267,574 (28.2%) | 0.73 | 634 |
2018-02-01 | $199,250 (16.8%) | $268,902 (25.6%) | 0.72 | 598 |
2018-03-01 | $215,500 (18.9%) | $274,678 (22.7%) | 0.76 | 540 |
2018-04-01 | $216,175 (23.5%) | $252,793 (10.5%) | 0.73 | 486 |
2018-05-01 | $221,748 (23.7%) | $266,684 (0.6%) | 0.74 | 501 |
2018-06-01 | $222,655 (25.8%) | $272,335 (3.1%) | 0.74 | 480 |
2018-07-01 | $221,575 (24.2%) | $272,470 (3.2%) | 0.74 | 477 |
2018-08-01 | $217,925 (23.5%) | $254,470 (-0.6%) | 0.73 | 451 |
2018-09-01 | $229,000 (28.7%) | $256,905 (2.4%) | 0.77 | 446 |
2018-10-01 | $225,000 (23.6%) | $253,884 (1.4%) | 0.76 | 493 |
2018-11-01 | $229,500 (21.5%) | $262,146 (2.5%) | 0.78 | 474 |
2018-12-01 | $231,900 (22.3%) | $262,441 (3.0%) | 0.80 | 456 |
2019-01-01 | $233,925 (18.4%) | $259,803 (-2.9%) | 0.81 | 433 |
2019-02-01 | $244,329 (22.6%) | $271,097 (0.8%) | 0.83 | 406 |
2019-03-01 | $250,243 (16.1%) | $274,603 (0.0%) | 0.82 | 382 |
2019-04-01 | $253,118 (17.1%) | $275,421 (9.0%) | 0.80 | 357 |
2019-05-01 | $255,000 (15.0%) | $283,267 (6.2%) | 0.80 | 363 |
2019-06-01 | $255,000 (14.5%) | $285,900 (5.0%) | 0.80 | 343 |
2019-07-01 | $249,950 (12.8%) | $295,737 (8.5%) | 0.78 | 353 |
2019-08-01 | $246,518 (13.1%) | $293,303 (15.3%) | 0.78 | 357 |
2019-09-01 | $241,445 (5.4%) | $289,308 (12.6%) | 0.77 | 364 |
2019-10-01 | $239,264 (6.3%) | $287,913 (13.4%) | 0.77 | 357 |
2019-11-01 | $237,000 (3.3%) | $281,200 (7.3%) | 0.78 | 329 |
2019-12-01 | $233,542 (0.7%) | $279,524 (6.5%) | 0.78 | 314 |
2020-01-01 | $245,788 (5.1%) | $294,124 (13.2%) | 0.82 | 314 |
2020-02-01 | $249,900 (2.3%) | $312,352 (15.2%) | 0.82 | 291 |
2020-03-01 | $250,576 (0.1%) | $308,957 (12.5%) | 0.79 | 305 |
2020-04-01 | $261,064 (3.1%) | $320,947 (16.5%) | 0.82 | 330 |
2020-05-01 | $270,000 (5.9%) | $345,684 (22.0%) | 0.82 | 273 |
2020-06-01 | $286,140 (12.2%) | $362,906 (26.9%) | 0.84 | 234 |
2020-07-01 | $280,945 (12.4%) | $324,628 (9.8%) | 0.81 | 227 |
2020-08-01 | $289,220 (17.3%) | $345,568 (17.8%) | 0.83 | 214 |
2020-09-01 | $297,570 (23.3%) | $335,360 (15.9%) | 0.85 | 211 |
2020-10-01 | $276,225 (15.5%) | $328,358 (14.1%) | 0.79 | 212 |
2020-11-01 | $287,500 (21.3%) | $344,011 (22.3%) | 0.84 | 193 |
2020-12-01 | $289,585 (24.0%) | $343,363 (22.8%) | 0.86 | 176 |
2021-01-01 | $284,500 (15.8%) | $344,767 (17.2%) | 0.85 | 155 |
2021-02-01 | $270,250 (8.1%) | $337,715 (8.1%) | 0.79 | 149 |
2021-03-01 | $284,975 (13.7%) | $358,104 (15.9%) | 0.81 | 128 |
2021-04-01 | $299,700 (14.8%) | $385,066 (20.0%) | 0.81 | 104 |
2021-05-01 | $284,950 (5.5%) | $364,931 (5.6%) | 0.76 | 125 |
2021-06-01 | $274,618 (-4.0%) | $386,116 (6.4%) | 0.72 | 128 |
2021-07-01 | $286,000 (1.8%) | $379,752 (17.0%) | 0.75 | 152 |
2021-08-01 | $289,945 (0.3%) | $365,305 (5.7%) | 0.77 | 169 |
2021-09-01 | $292,500 (-1.7%) | $372,031 (10.9%) | 0.78 | 190 |
2021-10-01 | $290,000 (5.0%) | $357,272 (8.8%) | 0.77 | 174 |
2021-11-01 | $290,870 (1.2%) | $350,304 (1.8%) | 0.78 | 190 |
2021-12-01 | $315,130 (8.8%) | $368,412 (7.3%) | 0.85 | 170 |
2022-01-01 | $339,425 (19.3%) | $378,912 (9.9%) | 0.92 | 133 |
2022-02-01 | $323,422 (19.7%) | $380,405 (12.6%) | 0.84 | 104 |
2022-03-01 | $352,878 (23.8%) | $407,994 (13.9%) | 0.88 | 98 |
2022-04-01 | $374,108 (24.8%) | $413,374 (7.4%) | 0.89 | 105 |
2022-05-01 | $365,000 (28.1%) | $396,363 (8.6%) | 0.83 | 125 |
2022-06-01 | $383,500 (39.7%) | $435,294 (12.7%) | 0.85 | 177 |
2022-07-01 | $385,000 (34.6%) | $437,031 (15.1%) | 0.87 | 214 |
2022-08-01 | $362,498 (25.0%) | $383,239 (4.9%) | 0.84 | 241 |
2022-09-01 | $355,070 (21.4%) | $379,938 (2.1%) | 0.83 | 234 |
2022-10-01 | $362,450 (25.0%) | $381,878 (6.9%) | 0.85 | 239 |
2022-11-01 | $367,995 (26.5%) | $385,791 (10.1%) | 0.88 | 284 |
2022-12-01 | $353,470 (12.2%) | $371,379 (0.8%) | 0.87 | 293 |
2023-01-01 | $362,300 (6.7%) | $375,335 (-0.9%) | 0.90 | 298 |
2023-02-01 | $359,975 (11.3%) | $381,682 (0.3%) | 0.87 | 272 |
2023-03-01 | $367,500 (4.1%) | $383,071 (-6.1%) | 0.87 | 244 |
2023-04-01 | $365,000 (-2.4%) | $391,687 (-5.3%) | 0.85 | 260 |
2023-05-01 | $363,585 (-0.4%) | $388,100 (-2.1%) | 0.82 | 275 |
2023-06-01 | $365,500 (-4.7%) | $396,030 (-9.0%) | 0.82 | 296 |
2023-07-01 | $359,900 (-6.5%) | $394,348 (-9.8%) | 0.82 | 296 |
2023-08-01 | $360,481 (-0.6%) | $394,264 (2.9%) | 0.83 | 304 |
2023-09-01 | $359,240 (1.2%) | $383,825 (1.0%) | 0.84 | 343 |
2023-10-01 | $352,535 (-2.7%) | $383,397 (0.4%) | 0.83 | 355 |
2023-11-01 | $355,764 (-3.3%) | $381,399 (-1.1%) | 0.85 | 375 |
2023-12-01 | $344,990 (-2.4%) | $382,328 (3.0%) | 0.84 | 431 |
2024-01-01 | $339,968 (-6.2%) | $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 (-9.8%) | $366,828 (-4.2%) | 0.78 | 335 |
2024-04-01 | $354,473 (-2.9%) | $388,229 (-0.9%) | 0.82 | 340 |
2024-05-01 | $359,468 (-1.1%) | $400,396 (3.2%) | 0.81 | 362 |
2024-06-01 | $364,995 (-0.1%) | $402,883 (1.7%) | 0.82 | 376 |
2024-07-01 | $358,240 (-0.5%) | $393,400 (-0.2%) | 0.82 | 424 |
2024-08-01 | $351,990 (-2.4%) | $396,857 (0.7%) | 0.82 | 486 |
2024-09-01 | $354,248 (-1.4%) | $395,161 (3.0%) | 0.83 | 480 |
2024-10-01 | $354,990 (0.7%) | $387,097 (1.0%) | 0.84 | 522 |
2024-11-01 | $358,000 (0.6%) | $381,205 (-0.1%) | 0.86 | 532 |
BURLINGTON's median listing price comes in at 86% of the national average.
BURLINGTON's average listing price for 2024-11-01 was $381,205, a difference of $-194 (-0.1%) versus the prior year and $-5,892 versus the prior month.
For the 2024-11-01 period, BURLINGTON had 532 MLS listings, a difference of 10 listings (2%) versus the prior month and 157 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - BURLINGTON (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 105 days | 1,972 sqft |
2018-02-01 | 95 days | 1,924 sqft |
2018-03-01 | 68 days | 1,943 sqft |
2018-04-01 | 63 days | 1,963 sqft |
2018-05-01 | 60 days | 1,956 sqft |
2018-06-01 | 54 days | 1,981 sqft |
2018-07-01 | 70 days | 1,933 sqft |
2018-08-01 | 67 days | 1,933 sqft |
2018-09-01 | 68 days | 1,951 sqft |
2018-10-01 | 63 days | 1,940 sqft |
2018-11-01 | 71 days | 1,955 sqft |
2018-12-01 | 74 days | 1,936 sqft |
2019-01-01 | 87 days | 2,002 sqft |
2019-02-01 | 91 days | 2,095 sqft |
2019-03-01 | 71 days | 2,133 sqft |
2019-04-01 | 64 days | 2,134 sqft |
2019-05-01 | 43 days | 2,173 sqft |
2019-06-01 | 48 days | 2,193 sqft |
2019-07-01 | 53 days | 2,067 sqft |
2019-08-01 | 51 days | 2,006 sqft |
2019-09-01 | 52 days | 1,964 sqft |
2019-10-01 | 54 days | 1,942 sqft |
2019-11-01 | 48 days | 1,975 sqft |
2019-12-01 | 59 days | 1,926 sqft |
2020-01-01 | 66 days | 1,954 sqft |
2020-02-01 | 54 days | 1,998 sqft |
2020-03-01 | 43 days | 2,020 sqft |
2020-04-01 | 42 days | 2,065 sqft |
2020-05-01 | 58 days | 2,117 sqft |
2020-06-01 | 57 days | 2,210 sqft |
2020-07-01 | 38 days | 2,137 sqft |
2020-08-01 | 40 days | 2,115 sqft |
2020-09-01 | 32 days | 2,155 sqft |
2020-10-01 | 31 days | 2,051 sqft |
2020-11-01 | 41 days | 2,045 sqft |
2020-12-01 | 58 days | 2,075 sqft |
2021-01-01 | 60 days | 1,929 sqft |
2021-02-01 | 29 days | 1,875 sqft |
2021-03-01 | 27 days | 1,934 sqft |
2021-04-01 | 25 days | 1,944 sqft |
2021-05-01 | 16 days | 1,801 sqft |
2021-06-01 | 21 days | 1,874 sqft |
2021-07-01 | 23 days | 1,874 sqft |
2021-08-01 | 21 days | 1,876 sqft |
2021-09-01 | 30 days | 1,948 sqft |
2021-10-01 | 33 days | 1,858 sqft |
2021-11-01 | 28 days | 1,881 sqft |
2021-12-01 | 37 days | 2,002 sqft |
2022-01-01 | 46 days | 2,026 sqft |
2022-02-01 | 37 days | 1,932 sqft |
2022-03-01 | 25 days | 1,997 sqft |
2022-04-01 | 13 days | 2,026 sqft |
2022-05-01 | 19 days | 1,968 sqft |
2022-06-01 | 19 days | 2,121 sqft |
2022-07-01 | 28 days | 2,175 sqft |
2022-08-01 | 30 days | 2,063 sqft |
2022-09-01 | 39 days | 2,038 sqft |
2022-10-01 | 43 days | 2,057 sqft |
2022-11-01 | 45 days | 2,057 sqft |
2022-12-01 | 49 days | 1,946 sqft |
2023-01-01 | 60 days | 2,008 sqft |
2023-02-01 | 56 days | 1,994 sqft |
2023-03-01 | 52 days | 1,985 sqft |
2023-04-01 | 36 days | 2,026 sqft |
2023-05-01 | 39 days | 1,993 sqft |
2023-06-01 | 40 days | 2,047 sqft |
2023-07-01 | 43 days | 1,997 sqft |
2023-08-01 | 45 days | 1,971 sqft |
2023-09-01 | 44 days | 1,930 sqft |
2023-10-01 | 48 days | 1,904 sqft |
2023-11-01 | 50 days | 1,916 sqft |
2023-12-01 | 55 days | 1,892 sqft |
2024-01-01 | 58 days | 1,893 sqft |
2024-02-01 | 60 days | 1,911 sqft |
2024-03-01 | 55 days | 1,812 sqft |
2024-04-01 | 50 days | 1,927 sqft |
2024-05-01 | 42 days | 1,954 sqft |
2024-06-01 | 40 days | 1,925 sqft |
2024-07-01 | 44 days | 1,925 sqft |
2024-08-01 | 47 days | 1,925 sqft |
2024-09-01 | 50 days | 1,898 sqft |
2024-10-01 | 44 days | 1,872 sqft |
2024-11-01 | 50 days | 1,902 sqft |
BURLINGTON's median square footage for active listings during the 2024-11-01 period was 1,902 sqft. One year prior, the average listing was 1,916 sqft.
BURLINGTON, NC Average Rent (2023)
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Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
27201 | Burlington, NC MSA | $760 | $880 | $1,080 | $1,360 | $1,470 |
27202 | Burlington, NC MSA | $710 | $830 | $1,020 | $1,280 | $1,390 |
27215 | Burlington, NC MSA | $760 | $880 | $1,080 | $1,360 | $1,470 |
27216 | Burlington, NC MSA | $710 | $830 | $1,020 | $1,280 | $1,390 |
27217 | Burlington, NC MSA | $680 | $800 | $980 | $1,230 | $1,330 |
27244 | Burlington, NC MSA | $810 | $940 | $1,150 | $1,440 | $1,560 |
27249 | Burlington, NC MSA | $820 | $870 | $1,000 | $1,280 | $1,420 |
27253 | Burlington, NC MSA | $680 | $790 | $970 | $1,220 | $1,320 |
27258 | Burlington, NC MSA | $630 | $740 | $900 | $1,130 | $1,220 |
27298 | Burlington, NC MSA | $930 | $930 | $1,080 | $1,400 | $1,640 |
27302 | Burlington, NC MSA | $930 | $930 | $1,120 | $1,420 | $1,640 |
27312 | Burlington, NC MSA | $930 | $930 | $1,080 | $1,400 | $1,640 |
27340 | Burlington, NC MSA | $680 | $790 | $970 | $1,220 | $1,320 |
27344 | Burlington, NC MSA | $930 | $930 | $1,080 | $1,400 | $1,640 |
27349 | Burlington, NC MSA | $930 | $930 | $1,080 | $1,400 | $1,640 |
27359 | Burlington, NC MSA | $710 | $830 | $1,020 | $1,280 | $1,390 |
2022 Average & Median Rent Data Statistics
BURLINGTON, NC average 1BR rent: $864, median: $875
BURLINGTON, NC average 2BR rent: $1,039, median: $1,050
BURLINGTON, NC average 3BR rent: $1,319, median: $1,320
BURLINGTON, NC Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 2,388 | $704,450,000 | $294,996 |
Home Improvement | 511 | $39,615,000 | $77,524 |
Other | 493 | $42,255,000 | $85,710 |
Cash Out Refi | 409 | $78,045,000 | $190,819 |
Refi | 381 | $77,245,000 | $202,743 |
Burlington's most frequently cited loan purpose was Home Purchase, with 2,388 originations. The 2nd most popular reason was Home Improvement, with 511 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 1,232 | $309,970,000 | $251,599 |
7-8% | 968 | $213,150,000 | $220,196 |
5-6% | 757 | $260,125,000 | $343,626 |
Over 8% | 617 | $63,935,000 | $103,622 |
4-5% | 445 | $73,015,000 | $164,079 |
<2.5% | 55 | $1,085,000 | $19,727 |
3-4% | 18 | $4,430,000 | $246,111 |
2.5-3% | 3 | $305,000 | $101,667 |
During 2023, Burlington's most frequently originated rate bucket was 6-7%, with 1,232 originations.
Loan Sizing (BURLINGTON, NC MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 1,657 | $473,735,000 | $285,899 |
$100,000 or less | 1,176 | $62,160,000 | $52,857 |
$100k-200k | 1,067 | $157,525,000 | $147,634 |
$400k-600k | 238 | $110,310,000 | $463,487 |
$600k-1000k | 33 | $23,705,000 | $718,333 |
$Over $1MM | 11 | $114,175,000 | $10,379,545 |
BURLINGTON's loan sizing saw the bucket of loans from $200k-400k with 1,657 originations, totaling $473,735,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,664 | $471,540,000 | $283,377 |
60-80% | 749 | $242,915,000 | $324,319 |
Under 20% | 730 | $32,090,000 | $43,959 |
20-40% | 574 | $58,030,000 | $101,098 |
40-60% | 340 | $102,270,000 | $300,794 |
Over 100% | 54 | $16,770,000 | $310,556 |
BURLINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,664 originations, totaling $471,540,000 in origination value.