BURLINGTON - SOUTH BURLINGTON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Burlington - South Burlington averaged
6.6%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.53% and
one month ago for the week of 2025-05-15, the
average rate was 6.7%.
Burlington - South Burlington's average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.34%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Burlington - South Burlington 30 Year Fixed Rate | 2025-06-18 | 6.6% |
| Burlington - South Burlington 30 Year Fixed Rate Refi | 2025-06-18 | 7.34% |
| Burlington - South Burlington 15 Year Fixed Rate | 2025-06-18 | 6.83% |
| Burlington - South Burlington 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Burlington - South Burlington 30 Year FHA | 2025-06-18 | -0.26% |
| Burlington - South Burlington 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Burlington - South Burlington 30 Year USDA | 2025-06-18 | -0.1% |
| Burlington - South Burlington 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Burlington - South Burlington 30 Year VA | 2025-06-18 | -0.1% |
| Burlington - South Burlington 30 Year VA Refi | 2025-06-18 | 0.1% |
BURLINGTON - SOUTH 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-SOUTH BURLINGTON, VT 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 - SOUTH BURLINGTON Average Closing Costs & Other Stats
BURLINGTON-SOUTH BURLINGTON, VT's 89 lenders originated 4,378
loans during 2024. The total origination value was $1,306,700,000, with an average loan value of
$298,470.
BURLINGTON - SOUTH BURLINGTON's average closing costs are $4,642.
The top BURLINGTON - SOUTH BURLINGTON lender as defined by loan originations is NEW ENGLAND FEDERAL CREDIT UNION, with
422 loans originated. Their average total fees are
$4,381, which is $2,083
lower than the next largest lender,
NORTHEAST HOME LOAN, LLC.
The lowest fee BURLINGTON - SOUTH BURLINGTON lenders (with over 10 loans originated) are
Community Bank ($3,072), KeyBank ($3,706), Northfield Savings Bank ($4,030), TD Bank ($4,077) and FIRST MORTGAGE COMPANY, INC. ($4,089).
The lowest rate BURLINGTON - SOUTH BURLINGTON lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (6.15%), Vermont Federal Credit Union (6.20%), NEW ENGLAND FEDERAL CREDIT UNION (6.37%), Northfield Savings Bank (6.43%) and MOVEMENT MORTGAGE, LLC (6.53%).
BURLINGTON-SOUTH BURLINGTON, VT Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| NEW ENGLAND FEDERAL CREDIT UNION | $241,970,000 | $265,610,000 | 9.8% | 20.3% |
| NORTHEAST HOME LOAN, LLC | $102,275,000 | $98,755,000 | -3.4% | 7.6% |
| Vermont Federal Credit Union | $79,125,000 | $86,185,000 | 8.9% | 6.6% |
| Community Bank | $34,700,000 | $75,450,000 | 117.4% | 5.8% |
| M&T Bank | $53,290,000 | $64,170,000 | 20.4% | 4.9% |
| Union Bank | $47,095,000 | $61,045,000 | 29.6% | 4.7% |
| CMG MORTGAGE, INC. | $27,580,000 | $58,190,000 | 111.0% | 4.5% |
| EMM LOANS LLC | $2,435,000 | $57,385,000 | 2,256.7% | 4.4% |
| QUICKEN LOANS, LLC | $31,415,000 | $46,000,000 | 46.4% | 3.5% |
| Northfield Savings Bank | $24,595,000 | $35,185,000 | 43.1% | 2.7% |
| NBT Bank | $14,975,000 | $33,615,000 | 124.5% | 2.6% |
| Peoples Trust Company of St. Albans | $29,565,000 | $31,925,000 | 8.0% | 2.4% |
| Mascoma Bank | $24,195,000 | $28,315,000 | 17.0% | 2.2% |
| NORTH COUNTRY | $21,950,000 | $25,015,000 | 14.0% | 1.9% |
| Community National Bank | $5,780,000 | $23,920,000 | 313.8% | 1.8% |
| Citizens Bank | $20,665,000 | $21,005,000 | 1.6% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,060,000 | $19,530,000 | 38.9% | 1.5% |
| TD Bank | $35,960,000 | $18,710,000 | -48.0% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,100,000 | $15,525,000 | 18.5% | 1.2% |
| American Mortgage & Equity Consultants, Inc. | $10,895,000 | $15,415,000 | 41.5% | 1.2% |
| Mortgage Research Center, LLC | $9,270,000 | $13,850,000 | 49.4% | 1.1% |
| GUILD MORTGAGE COMPANY | $215,000 | $11,960,000 | 5,462.8% | 0.9% |
| FIRST MORTGAGE COMPANY, INC. | $10,940,000 | n/a | 0.8% | |
| JPMorgan Chase Bank | $24,285,000 | $10,865,000 | -55.3% | 0.8% |
| Morgan Stanley Private Bank | $17,845,000 | $10,480,000 | -41.3% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,715,000 | $9,790,000 | 71.3% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $1,970,000 | $9,395,000 | 376.9% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $16,235,000 | $8,900,000 | -45.2% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $4,245,000 | $7,660,000 | 80.4% | 0.6% |
| BROKER SOLUTIONS, INC. | $330,000 | $6,785,000 | 1,956.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $7,820,000 | $6,600,000 | -15.6% | 0.5% |
| The National Bank of Middlebury | $9,035,000 | $5,785,000 | -36.0% | 0.4% |
| The Northern Trust Company | $705,000 | $5,410,000 | 667.4% | 0.4% |
| KeyBank | $7,800,000 | $4,805,000 | -38.4% | 0.4% |
| NEWREZ LLC | $795,000 | $4,720,000 | 493.7% | 0.4% |
| LOANDEPOT.COM, LLC | $4,960,000 | $4,205,000 | -15.2% | 0.3% |
| USAA Federal Savings Bank | $3,620,000 | $4,130,000 | 14.1% | 0.3% |
| Bank of America | $3,680,000 | $3,770,000 | 2.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $3,105,000 | $3,720,000 | 19.8% | 0.3% |
| UBS Bank USA | $2,020,000 | $3,705,000 | 83.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $480,000 | $3,165,000 | 559.4% | 0.2% |
| CIBC Bank USA | $2,665,000 | n/a | 0.2% | |
| NBKC BANK | $3,075,000 | $2,600,000 | -15.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,800,000 | $2,445,000 | 35.8% | 0.2% |
| Wells Fargo Bank | $3,050,000 | $2,420,000 | -20.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,550,000 | $2,340,000 | 51.0% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,905,000 | $2,335,000 | -52.4% | 0.2% |
| Citibank | $755,000 | $2,265,000 | 200.0% | 0.2% |
| MEMBERS ADVANTAGE COMMUNITY CREDIT UNION | $1,310,000 | $2,090,000 | 59.5% | 0.2% |
| U.S. Bank | $3,215,000 | $1,935,000 | -39.8% | 0.1% |
| PNC Bank | $1,465,000 | $1,855,000 | 26.6% | 0.1% |
| Discover Bank | $435,000 | $1,720,000 | 295.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,375,000 | $1,570,000 | 14.2% | 0.1% |
| Farm Credit East, ACA | $430,000 | $1,490,000 | 246.5% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,860,000 | $1,435,000 | -49.8% | 0.1% |
| ALLIANT CREDIT UNION | $1,415,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $2,450,000 | $1,360,000 | -44.5% | 0.1% |
| Hometown Equity Mortgage, LLC | $245,000 | $1,315,000 | 436.7% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,310,000 | n/a | 0.1% | |
| BMO Harris Bank | $530,000 | $1,285,000 | 142.5% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $1,260,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $1,245,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $1,225,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $780,000 | $1,190,000 | 52.6% | 0.1% |
| PLANET HOME LENDING, LLC | $1,075,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $3,055,000 | $1,025,000 | -66.4% | 0.1% |
| Flagstar Bank, FSB | $380,000 | $1,010,000 | 165.8% | 0.1% |
| Raymond James Bank | $970,000 | n/a | 0.1% | |
| The Bank of Canton | $970,000 | n/a | 0.1% | |
| Arvest Bank | $480,000 | $945,000 | 96.9% | 0.1% |
| Berkshire Bank | $930,000 | n/a | 0.1% | |
| Service Federal Credit Union | $400,000 | $880,000 | 120.0% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $335,000 | $860,000 | 156.7% | 0.1% |
| Ally Bank | $520,000 | $855,000 | 64.4% | 0.1% |
| PeoplesBank | $815,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $725,000 | $810,000 | 11.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $320,000 | $790,000 | 146.9% | 0.1% |
| CARDINAL FINANCIAL | $235,000 | $765,000 | 225.5% | 0.1% |
| Bethpage Federal Credit Union | $990,000 | $660,000 | -33.3% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $630,000 | 240.5% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $615,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $120,000 | $605,000 | 404.2% | 0.0% |
| South State Bank | $595,000 | n/a | 0.0% | |
| HANSCOM | $570,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $360,000 | $555,000 | 54.2% | 0.0% |
| Quad City Bank and Trust Company | $545,000 | n/a | 0.0% | |
| Bangor Savings Bank | $535,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $15,365,000 | $535,000 | -96.5% | 0.0% |
| Easthampton Savings Bank | $305,000 | $505,000 | 65.6% | 0.0% |
| Figure Lending LLC | $890,000 | $495,000 | -44.4% | 0.0% |
| LENDSURE MORTGAGE CORP. | $485,000 | n/a | 0.0% | |
| OceanFirst Bank | $545,000 | $475,000 | -12.8% | 0.0% |
| AmeriHome Mortgage Company, LLC | $455,000 | n/a | 0.0% | |
| Bank of England | $275,000 | $425,000 | 54.5% | 0.0% |
| Equity Prime Mortgage LLC | $425,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $435,000 | $405,000 | -6.9% | 0.0% |
| EVERETT FINANCIAL, INC. | $395,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $375,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $360,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $590,000 | $355,000 | -39.8% | 0.0% |
| Waterstone Mortgage Corporation | $345,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $610,000 | $325,000 | -46.7% | 0.0% |
| The Federal Savings Bank | $185,000 | $325,000 | 75.7% | 0.0% |
| Fifth Third Bank | $315,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $285,000 | n/a | 0.0% | |
| First Savings Bank | $485,000 | $285,000 | -41.2% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $395,000 | $265,000 | -32.9% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $265,000 | n/a | 0.0% | |
| Westfield Bank | $265,000 | n/a | 0.0% | |
| Bar Harbor Bank & Trust | $255,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $255,000 | n/a | 0.0% | |
| The Huntington National Bank | $1,685,000 | $235,000 | -86.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $185,000 | $225,000 | 21.6% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $155,000 | n/a | 0.0% | |
| Ixonia Bank | $155,000 | n/a | 0.0% | |
| First Federal Bank | $125,000 | n/a | 0.0% | |
| ONE Credit Union | $950,000 | $120,000 | -87.4% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $95,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $95,000 | n/a | 0.0% | |
| Baxter Credit Union | $35,000 | $45,000 | 28.6% | 0.0% |
BURLINGTON - SOUTH BURLINGTON's top lender by overall market share is NEW ENGLAND FEDERAL CREDIT UNION, with 20.3% market share. In second place, with 7.6%, is NORTHEAST HOME LOAN, LLC, having originated $98,755,000 in loans. In third place, with 6.6%, is Vermont Federal Credit Union, having originated $86,185,000 in loans. In fourth place, with 5.8%, is Community Bank, having originated $75,450,000 in loans. In fifth place, with 4.9%, is M&T Bank, having originated $64,170,000 in loans.
BURLINGTON-SOUTH BURLINGTON, VT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,198 | $907,520,000 | $412,884 |
| Home Improvement | 803 | $100,475,000 | $125,125 |
| Refi | 649 | $166,745,000 | $256,926 |
| Other | 403 | $49,095,000 | $121,824 |
| Cash Out Refi | 325 | $82,865,000 | $254,969 |
Burlington - South Burlington's most frequently cited loan purpose was Home Purchase, with 2,198 originations. The 2nd most popular reason was Home Improvement, with 803 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,719 | $685,105,000 | $398,549 |
| 7-8% | 1,251 | $294,005,000 | $235,016 |
| Over 8% | 657 | $85,795,000 | $130,586 |
| 5-6% | 456 | $169,720,000 | $372,193 |
| 4-5% | 48 | $22,750,000 | $473,958 |
| <2.5% | 46 | $1,080,000 | $23,478 |
| 3-4% | 13 | $4,505,000 | $346,538 |
During 2024, Burlington - South Burlington's most frequently originated rate bucket was 6-7%, with 1,719 originations.
Loan Sizing (BURLINGTON-SOUTH BURLINGTON, VT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,492 | $438,410,000 | $293,840 |
| $100,000 or less | 1,094 | $57,270,000 | $52,349 |
| $100k-200k | 831 | $117,565,000 | $141,474 |
| $400k-600k | 693 | $331,265,000 | $478,016 |
| $600k-1000k | 211 | $151,505,000 | $718,033 |
| $Over $1MM | 57 | $210,685,000 | $3,696,228 |
BURLINGTON - SOUTH BURLINGTON's loan sizing saw the bucket of loans from $200k-400k with 1,492 originations, totaling $438,410,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,039 | $428,065,000 | $411,997 |
| Under 20% | 991 | $62,025,000 | $62,588 |
| 60-80% | 927 | $447,185,000 | $482,400 |
| 20-40% | 724 | $155,010,000 | $214,102 |
| 40-60% | 447 | $143,535,000 | $321,107 |
| Over 100% | 39 | $17,145,000 | $439,615 |
BURLINGTON - SOUTH BURLINGTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,039 originations, totaling $428,065,000 in origination value.