BURLINGTON Mortgage Rates & Closing Costs

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

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

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
STATE EMPLOYEES' 335 5.87% $4,177
DHI MORTGAGE COMPANY, LTD. 125 5.64% $2,721
QUICKEN LOANS, LLC 81 6.80% $6,833
MOVEMENT MORTGAGE, LLC 80 6.70% $5,072
UNION HOME MORTGAGE CORP. 69 6.91% $6,133
Truliant Federal Credit Union 37 6.42% $3,502
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.85% $5,331
Wells Fargo Bank 32 6.15% $4,735
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 32 6.90% $7,888
Truist 30 6.35% $4,244
LOANDEPOT.COM, LLC 30 5.78% $4,183
The Fidelity Bank 29 6.60% $5,756
UNITED WHOLESALE MORTGAGE, LLC 28 6.61% $7,808
CROSSCOUNTRY MORTGAGE, LLC 28 6.92% $7,399
LATINO COMMUNITY CREDIT UNION 24 6.46% $4,582
Corporate Investors Mortgage Group, Inc. 23 6.70% $6,387
Pinnacle Bank 22 6.91% $4,603
LOCAL GOVERNMENT FEDERAL CREDIT UNION 22 5.84% $4,367
First National Bank of Pennsylvania 19 6.49% $4,717
COASTAL Federal Credit Union 18 6.38% $4,264
GUARANTEED RATE, INC. 17 6.45% $4,773
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 15 7.15% $5,900
Prosperity Home Mortgage, LLC 12 6.94% $6,128
First-Citizens Bank & Trust Company 10 6.33% $4,312
JPMorgan Chase Bank 10 6.55% $5,025
CMG MORTGAGE, INC. 9 6.57% $5,311
American National Bank and Trust Company 9 6.74% $3,036
Bank of America 9 6.44% $5,556
VANDERBILT MORTGAGE AND FINANCE, INC. 8 7.00% $5,316
Alcova Mortgage LLC 8 6.98% $4,143
INTERCOASTAL MORTGAGE COMPANY 7 7.14% $7,583
First Bank 7 5.68% $3,284
Mr. Cooper ( Nationstar Mortgage ) 7 6.80% $6,809
GoPrime Mortgage, Inc. 7 6.75% $5,562
T2 FINANCIAL LLC 7 6.89% $6,721
NAVY FEDERAL CREDIT UNION 6 6.08% $2,147
Towne Mortgage of the Carolinas, LLC 6 6.54% $7,477
Ameris Bank 6 7.10% $7,602
EQUITY RESOURCES, INC. 6 6.69% $5,954
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.46% $7,238
PNC Bank 6 6.73% $3,213
Victorian Finance, LLC 6 7.39% $6,285
HOMESIDE FINANCIAL, LLC 6 7.06% $7,831
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.47% $7,192
Flagstar Bank, FSB 5 6.53% $5,949
PROPONENT Federal Credit Union 5 5.90% $3,133
Mortgage Research Center, LLC 4 6.56% $3,202
United Community Bank 4 6.56% $5,529
Blue Ridge Bank 4 7.22% $7,123
CORNERSTONE HOME LENDING, INC. 4 6.75% $9,876
The Central Trust Bank 4 6.97% $4,642
Integrity Home Mortgage Corp 4 6.28% $4,344
HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.74% $6,437
PENNYMAC LOAN SERVICES, LLC 4 6.26% $6,586
CARDINAL FINANCIAL 4 6.69% $6,166
Discover Bank 3 6.57% $0
ZILLOW HOME LOANS, LLC 3 7.50% $5,829
FREEDOM MORTGAGE CORPORATION 3 6.88% $7,442
USAA Federal Savings Bank 3 6.54% $7,253
U.S. Bank 3 6.38% $2,871
American Security Mortgage Corp. 3 7.54% $5,470
PROVIDENT FUNDING ASSOCIATES, L.P. 3 6.46% $4,540
ACADEMY MORTGAGE CORPORATION 3 7.13% $5,143
DELMAR FINANCIAL COMPANY 2 6.38% $4,229
ALLEGACY FEDERAL CREDIT UNION 2 5.81% $4,638
Allen Tate Mortgage Partners, LLC 2 6.31% $4,939
AMCAP MORTGAGE, LTD. 2 6.50% $6,065
Atlantic Coast Mortgage, LLC 2 6.81% $9,025
Bank of England 2 6.50% $7,153
BETTER MORTGAGE CORPORATION 2 5.56% $8,623
BROKER SOLUTIONS, INC. 2 7.63% $7,277
CAPITAL CENTER, L.L.C. 2 6.38% $4,612
Citizens Bank 2 6.06% $7,696
First Heritage Mortgage, LLC 2 6.94% $5,059
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $4,755
LAKEVIEW LOAN SERVICING, LLC 2 7.50% $5,173
MICHIGAN MUTUAL, INC. 2 6.69% $11,222
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $5,508
NATION ONE MORTGAGE CORPORATION 2 7.75% $8,777
NEWREZ LLC 2 6.93% $15,064
North State Bank 2 6.81% $6,292
PREMIA MORTGAGE, LLC 2 6.75% $397
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $6,473
Regions Bank 2 6.75% $5,843
SOUTHERN TRUST MORTGAGE, LLC 2 6.31% $3,360
South State Bank 2 6.19% $5,530
TD Bank 2 6.88% $5,867
TEACHERS 2 6.63% $9,361
The Federal Savings Bank 2 7.19% $7,185
Wolfe Financial, Inc 2 7.50% $3,868
Carrington Mortgage Services, LLC 1 6.88% $5,617
Nations Lending Corporation 1 7.50% $13,696
Goldwater Bank, N.A. 1 6.38% $8,917
CALIBER HOME LOANS, INC. 1 6.63% $5,833
NMSI, INC. 1 6.63% $7,786
Northpointe Bank 1 7.99% $3,349
CALCON MUTUAL MORTGAGE LLC 1 7.38% $15,575
NTFN, INC. 1 6.00% $3,754
GENEVA FINANCIAL, LLC 1 6.88% $11,282
PENTAGON FEDERAL CREDIT UNION 1 7.00% $5,356
Piedmont Federal Savings Bank 1 7.00% $3,298
FOUR POINTS 1 6.13% $2,497
First Savings Bank 1 6.00% $13,718
BAY EQUITY LLC 1 6.99% $3,048
Uwharrie Bank 1 7.50% $4,372
First National Bank of America 1 9.75% $7,943
FIRST HOME MORTGAGE CORPORATION 1 5.99% $10,578
FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $5,689
Fifth Third Bank 1 6.25% $8,006
Farmers Bank & Trust 1 5.50% $4,010
RADIUS FINANCIAL GROUP INC. 1 6.63% $2,120
Baxter Credit Union 1 7.13% $3,237
RELIANCE FIRST CAPITAL, LLC 1 6.88% $5,291
RESIDENTIAL HOME FUNDING CORP. 1 6.38% $4,237
ROYAL UNITED MORTGAGE LLC 1 7.13% $6,269
Southern Bank and Trust Company 1 7.75% $654
AMERISAVE MORTGAGE CORPORATION 1 5.75% $7,035
Watermark Capital, Inc. 1 6.13% $3,448
EVERETT FINANCIAL, INC. 1 7.25% $5,500
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $8,463
DIGITAL Federal Credit Union 1 4.75% $3,199
AMERICAN FINANCING CORPORATION 1 6.88% $5,862
WINGS FINANCIAL 1 5.38% $2,854
21ST MORTGAGE CORPORATION 1 8.70% $4,814
AgFirst Farm Credit Bank 1 7.00% $5,164
Deere Employees Credit Union 1 5.13% $3,234
The Huntington National Bank 1 6.13% $4,092
The Loan Store, Inc. 1 6.63% $3,668
Third Federal Savings and Loan Association of Cleveland 1 5.34% $4,011
THRIVE MORTGAGE, LLC 1 7.50% $6,275
Tidewater Home Funding, LLC 1 6.00% $5,704
TIDEWATER MORTGAGE SERVICES, INC. 1 6.00% $7,707
TOP FLITE FINANCIAL, INC. 1 6.38% $8,671
Towne Mortgage, LLC 1 7.13% $3,580
DAS Acquisition Company, LLC 1 6.38% $7,603
Toyota Financial Savings Bank 1 5.88% $4,047
Colonial Savings, F.A. 1 6.50% $6,543
CHURCHILL MORTGAGE CORPORATION 1 6.75% $3,603
INSPIRE HOME LOANS INC. 1 6.13% $4,892
HUNT MORTGAGE CORPORATION 1 6.88% $16,484
LOANPAL, LLC 1 7.88% $9,429
HomeTrust Bank 1 6.75% $2,741
MAX Credit Union 1 6.50% $5,166
Mazuma Credit Union 1 6.63% $10,719
UNIFY FINANCIAL Credit Union 1 6.78% $0
Mid-Continent Funding, Inc. 1 6.50% $6,920
Morgan Stanley Private Bank 1 6.20% $5,566
MORTGAGE ACCESS CORP. 1 6.13% $3,245
GUIDANCE RESIDENTIAL, LLC 1 7.50% $7,475
GUARANTEED RATE AFFINITY, LLC 1 6.63% $3,947
Grow Financial Federal Credit Union 1 5.25% $3,315
CHARLOTTE METRO FEDERAL CREDIT UNION 1 5.99% $2,952

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. Louis
Date 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 for 2024-11-01 was $358,000, a difference of $2,236 (0.6%) versus the prior year and $3,010 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-11-01 was 50 days. This is 0% shorter than the same period one year ago.

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)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.