»
»
Burlington

Current Mortgage Rates in Burlington, New Jersey

Compare mortgage rates and fees for leading lenders in Burlington, NJ. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Burlington.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Burlington. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in Burlington, NJ as of October 19, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Burlington, NJ

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Burlington, NJ Mortgage Rates Compare?

October 19, 2019

The current average rate for a 30 year fixed rate mortgage in Burlington is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Burlington, NJ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Burlington, New Jersey?

The median home value for Burlington, NJ is $255,398

The median household income for Burlington, NJ is $85,371

Based on current mortgage rates and a 10% down payment, you need to make $47,384 per year to buy the median priced home in Burlington

The home price you can afford to buy based on household income in Burlington is 180% of the median home value which means housing prices are average

Burlington ranks 2 out of 21 counties in New Jersey and 1,971 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Burlington, NJ is average

orange-simple-house
ruler

Loan Limits for Burlington, New Jersey

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Burlington below.

Conforming loan limits for Burlington, NJ

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Burlington, NJ

1 unit: $402,500
2 units: $515,250
3 units: $622,850
4 units: $774,050

VA loan limits for Burlington, NJ

1 unit: $484,350

Additional Mortgage Resources for Burlington, NJ Residents

Mortgage Rates for New Jersey Cities

Atlantic City Mortgage Rates

Bergen Mortgage Rates

Burlington Mortgage Rates

Camden Mortgage Rates

Jersey City Mortgage Rates

Lakewood Mortgage Rates

Monmouth Mortgage Rates

Morris Mortgage Rates

New Brunswick Mortgage Rates

Newark Mortgage Rates

Ocean City Mortgage Rates

Passaic Mortgage Rates

Raritan Mortgage Rates

Somerset Mortgage Rates

Sussex Mortgage Rates

Trenton Mortgage Rates

Union Mortgage Rates

Vineland Mortgage Rates

Warren Mortgage Rates

Washington Township Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index