Top Mortgage Lenders in the Burlington, VT area

Which mortgage lender in the Burlington, VT area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Burlington, VT area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Burlington, VT area is New England Federal Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.20%. This means that New England Federal Credit Union provided a -0.20% lower interest rate for its customers than other lenders in Burlington, VT for a similar set of borrowers. New England Federal Credit Union has a market share of 27.0%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Burlington, VT area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Burlington, VT is New England Federal Credit Union. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is People’s United Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Union Bank. The cheapest VA mortgage provider is also Union Bank. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.20% 27.05%
Northeast Home Loan 2, -0.08% 8.12%
Northfield Savings Bank 3, -0.05% 1.60%
Vermont Federal Credit Union 4, -0.04% 7.38%
NBT Bank 5, -0.03% 1.10%
JPMorgan Chase Bank 6, -0.01% 0.85%
Primelending 7, 0.02% 1.15%
Draper and Kramer Mortgage Corp 8, 0.02% 2.21%
TD Bank 9, 0.03% 0.87%
Wells Fargo Bank 10, 0.04% 0.89%
Usaa Federal Savings Bank 11, 0.05% 1.24%
Citizens Bank 12, 0.05% 1.28%
LoanDepot 13, 0.06% 0.85%
Union Bank 14, 0.06% 8.16%
Movement Mortgage 15, 0.07% 1.19%
People’s United Bank 16, 0.07% 2.36%
Community Bank 17, 0.08% 1.65%
Vermont State Employees Credit Union 18, 0.10% 3.60%
HomeBridge Financial Services, Inc 19, 0.10% 5.76%
KeyBank National Association 20, 0.10% 1.97%
Fairway Independent Mort Corp 21, 0.14% 4.63%
Academy Mortgage Corporation 22, 0.17% 3.10%
Nationstar Mortgage 23, 0.23% 0.69%
Quicken Loans 24, 0.23% 10.27%
NorthCountry Federal Credit Union 25, 0.29% 2.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.16% 23.69%
Northfield Savings Bank 2, -0.09% 1.99%
NBT Bank 3, -0.08% 1.32%
Northeast Home Loan 4, -0.07% 10.23%
JPMorgan Chase Bank 5, -0.06% 0.96%
Vermont State Employees Credit Union 6, -0.03% 2.65%
TD Bank 7, -0.03% 0.89%
Vermont Federal Credit Union 8, -0.03% 7.11%
Wells Fargo Bank 9, -0.01% 1.03%
Primelending 10, -0.00% 1.85%
LoanDepot 11, 0.02% 0.20%
People’s United Bank 12, 0.03% 2.61%
KeyBank National Association 13, 0.03% 0.86%
Nationstar Mortgage 14, 0.04% 0.13%
Usaa Federal Savings Bank 15, 0.04% 1.85%
Draper and Kramer Mortgage Corp 16, 0.05% 2.02%
Movement Mortgage 17, 0.07% 1.79%
Citizens Bank 18, 0.07% 0.96%
Union Bank 19, 0.08% 11.09%
Community Bank 20, 0.09% 1.03%
HomeBridge Financial Services, Inc 21, 0.11% 7.88%
Fairway Independent Mort Corp 22, 0.15% 6.65%
Quicken Loans 23, 0.16% 5.49%
Academy Mortgage Corporation 24, 0.17% 4.60%
NorthCountry Federal Credit Union 25, 0.18% 1.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.24% 31.34%
Northeast Home Loan 2, -0.13% 5.42%
Vermont Federal Credit Union 3, -0.06% 7.71%
Union Bank 4, -0.02% 4.40%
Draper and Kramer Mortgage Corp 5, -0.00% 2.46%
Movement Mortgage 6, 0.01% 0.42%
Usaa Federal Savings Bank 7, 0.04% 0.47%
Northfield Savings Bank 8, 0.04% 1.10%
Citizens Bank 9, 0.04% 1.69%
HomeBridge Financial Services, Inc 10, 0.05% 3.05%
NBT Bank 11, 0.06% 0.80%
JPMorgan Chase Bank 12, 0.06% 0.72%
Fairway Independent Mort Corp 13, 0.07% 2.03%
Primelending 14, 0.08% 0.25%
LoanDepot 15, 0.08% 1.69%
Community Bank 16, 0.09% 2.46%
Academy Mortgage Corporation 17, 0.10% 1.19%
TD Bank 18, 0.11% 0.85%
Wells Fargo Bank 19, 0.12% 0.72%
KeyBank National Association 20, 0.14% 3.39%
People’s United Bank 21, 0.14% 2.03%
Vermont State Employees Credit Union 22, 0.20% 4.83%
Nationstar Mortgage 23, 0.27% 1.40%
Quicken Loans 24, 0.27% 16.39%
NorthCountry Federal Credit Union 25, 0.35% 3.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.21% 30.05%
Northeast Home Loan 2, -0.08% 9.02%
Northfield Savings Bank 3, -0.05% 1.80%
NBT Bank 4, -0.04% 0.96%
Vermont Federal Credit Union 5, -0.04% 8.38%
JPMorgan Chase Bank 6, -0.01% 0.96%
Primelending 7, 0.00% 0.84%
Draper and Kramer Mortgage Corp 8, 0.03% 2.29%
TD Bank 9, 0.04% 0.73%
Wells Fargo Bank 10, 0.05% 0.90%
Citizens Bank 11, 0.06% 1.31%
Movement Mortgage 12, 0.08% 1.09%
LoanDepot 13, 0.09% 0.62%
Community Bank 14, 0.09% 1.89%
Vermont State Employees Credit Union 15, 0.10% 4.14%
People’s United Bank 16, 0.10% 2.08%
Usaa Federal Savings Bank 17, 0.10% 0.51%
Union Bank 18, 0.11% 7.63%
KeyBank National Association 19, 0.12% 2.04%
HomeBridge Financial Services, Inc 20, 0.13% 4.44%
Fairway Independent Mort Corp 21, 0.14% 3.88%
Academy Mortgage Corporation 22, 0.19% 2.55%
Quicken Loans 23, 0.29% 9.04%
NorthCountry Federal Credit Union 24, 0.30% 2.29%
Nationstar Mortgage 25, 0.31% 0.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.16% 27.34%
NBT Bank 2, -0.09% 1.35%
Northfield Savings Bank 3, -0.09% 2.35%
Northeast Home Loan 4, -0.07% 11.70%
JPMorgan Chase Bank 5, -0.06% 1.15%
TD Bank 6, -0.03% 0.80%
Vermont State Employees Credit Union 7, -0.03% 3.18%
Vermont Federal Credit Union 8, -0.02% 8.36%
Primelending 9, -0.02% 1.31%
Wells Fargo Bank 10, -0.01% 0.99%
LoanDepot 11, 0.03% 0.12%
Nationstar Mortgage 12, 0.03% 0.04%
KeyBank National Association 13, 0.03% 0.80%
People’s United Bank 14, 0.04% 2.51%
Draper and Kramer Mortgage Corp 15, 0.05% 2.11%
Citizens Bank 16, 0.08% 0.99%
Movement Mortgage 17, 0.09% 1.63%
Community Bank 18, 0.10% 1.19%
Usaa Federal Savings Bank 19, 0.11% 0.76%
HomeBridge Financial Services, Inc 20, 0.15% 5.97%
Union Bank 21, 0.15% 10.23%
Fairway Independent Mort Corp 22, 0.16% 5.57%
NorthCountry Federal Credit Union 23, 0.19% 1.31%
Academy Mortgage Corporation 24, 0.21% 3.74%
Quicken Loans 25, 0.22% 4.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
New England Federal Credit Union 1, -0.25% 33.21%
Northeast Home Loan 2, -0.13% 5.90%
Vermont Federal Credit Union 3, -0.05% 8.41%
Union Bank 4, -0.02% 4.60%
Draper and Kramer Mortgage Corp 5, -0.00% 2.51%
Movement Mortgage 6, 0.01% 0.46%
Usaa Federal Savings Bank 7, 0.04% 0.23%
Northfield Savings Bank 8, 0.05% 1.16%
Citizens Bank 9, 0.05% 1.67%
JPMorgan Chase Bank 10, 0.07% 0.74%
Fairway Independent Mort Corp 11, 0.07% 1.90%
HomeBridge Financial Services, Inc 12, 0.07% 2.65%
Primelending 13, 0.08% 0.28%
NBT Bank 14, 0.08% 0.51%
Community Bank 15, 0.09% 2.69%
LoanDepot 16, 0.10% 1.21%
Academy Mortgage Corporation 17, 0.12% 1.16%
Wells Fargo Bank 18, 0.13% 0.79%
TD Bank 19, 0.15% 0.65%
KeyBank National Association 20, 0.15% 3.48%
Vermont State Employees Credit Union 21, 0.20% 5.25%
People’s United Bank 22, 0.20% 1.58%
Quicken Loans 23, 0.33% 14.35%
Nationstar Mortgage 24, 0.33% 1.16%
NorthCountry Federal Credit Union 25, 0.36% 3.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Bank 1, -0.20% 14.61%
New England Federal Credit Union 2, -0.06% 2.25%
People’s United Bank 3, -0.06% 1.69%
Citizens Bank 4, -0.02% 0.56%
Movement Mortgage 5, -0.02% 1.97%
KeyBank National Association 6, -0.02% 0.56%
TD Bank 7, 0.01% 0.28%
HomeBridge Financial Services, Inc 8, 0.01% 17.98%
LoanDepot 9, 0.01% 1.97%
Quicken Loans 10, 0.01% 26.40%
Nationstar Mortgage 11, 0.02% 2.25%
Primelending 12, 0.02% 5.06%
Draper and Kramer Mortgage Corp 13, 0.02% 1.12%
Wells Fargo Bank 14, 0.02% 0.28%
Academy Mortgage Corporation 15, 0.10% 10.11%
Fairway Independent Mort Corp 16, 0.12% 12.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Bank 1, -0.21% 17.99%
New England Federal Credit Union 2, -0.07% 2.52%
People’s United Bank 3, -0.06% 2.16%
Movement Mortgage 4, -0.02% 2.52%
KeyBank National Association 5, -0.02% 0.72%
LoanDepot 6, -0.01% 0.72%
TD Bank 7, 0.01% 0.36%
HomeBridge Financial Services, Inc 8, 0.01% 22.30%
Nationstar Mortgage 9, 0.01% 0.36%
Primelending 10, 0.02% 6.47%
Wells Fargo Bank 11, 0.02% 0.36%
Draper and Kramer Mortgage Corp 12, 0.03% 1.08%
Quicken Loans 13, 0.03% 14.75%
Academy Mortgage Corporation 14, 0.11% 12.23%
Fairway Independent Mort Corp 15, 0.13% 15.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.02% 2.56%
Union Bank 2, -0.02% 2.56%
Academy Mortgage Corporation 3, -0.01% 2.56%
New England Federal Credit Union 4, -0.01% 1.28%
Quicken Loans 5, -0.00% 67.95%
Draper and Kramer Mortgage Corp 6, -0.00% 1.28%
HomeBridge Financial Services, Inc 7, 0.00% 2.56%
Fairway Independent Mort Corp 8, 0.01% 3.85%
Nationstar Mortgage 9, 0.02% 8.97%
LoanDepot 10, 0.02% 6.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
People’s United Bank 1, -0.04% 17.50%
TD Bank 2, -0.03% 8.33%
Wells Fargo Bank 3, -0.02% 2.50%
NBT Bank 4, -0.01% 11.67%
Northeast Home Loan 5, -0.01% 1.67%
Northfield Savings Bank 6, -0.01% 1.67%
KeyBank National Association 7, -0.00% 5.83%
HomeBridge Financial Services, Inc 8, 0.00% 0.83%
Vermont State Employees Credit Union 9, 0.00% 0.83%
JPMorgan Chase Bank 10, 0.01% 0.83%
Quicken Loans 11, 0.01% 2.50%
Vermont Federal Credit Union 12, 0.01% 4.17%
Community Bank 13, 0.01% 0.83%
Draper and Kramer Mortgage Corp 14, 0.01% 1.67%
Citizens Bank 15, 0.01% 4.17%
New England Federal Credit Union 16, 0.01% 21.67%
Academy Mortgage Corporation 17, 0.01% 1.67%
NorthCountry Federal Credit Union 18, 0.03% 1.67%
Fairway Independent Mort Corp 19, 0.03% 2.50%
Union Bank 20, 0.07% 7.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
People’s United Bank 1, -0.05% 11.11%
TD Bank 2, -0.03% 7.94%
Wells Fargo Bank 3, -0.02% 4.76%
Northfield Savings Bank 4, -0.02% 1.59%
New England Federal Credit Union 5, -0.01% 17.46%
NBT Bank 6, -0.01% 9.52%
Northeast Home Loan 7, -0.01% 3.17%
HomeBridge Financial Services, Inc 8, -0.00% 1.59%
Vermont Federal Credit Union 9, 0.00% 6.35%
Quicken Loans 10, 0.00% 1.59%
KeyBank National Association 11, 0.00% 3.17%
Community Bank 12, 0.01% 1.59%
Draper and Kramer Mortgage Corp 13, 0.01% 1.59%
Citizens Bank 14, 0.01% 4.76%
Academy Mortgage Corporation 15, 0.01% 3.17%
Fairway Independent Mort Corp 16, 0.03% 4.76%
NorthCountry Federal Credit Union 17, 0.03% 1.59%
Union Bank 18, 0.07% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
People’s United Bank 1, -0.03% 24.56%
TD Bank 2, -0.02% 8.77%
NBT Bank 3, -0.02% 14.04%
KeyBank National Association 4, -0.00% 8.77%
Northfield Savings Bank 5, 0.00% 1.75%
Vermont State Employees Credit Union 6, 0.00% 1.75%
JPMorgan Chase Bank 7, 0.01% 1.75%
Citizens Bank 8, 0.01% 3.51%
Draper and Kramer Mortgage Corp 9, 0.01% 1.75%
Quicken Loans 10, 0.01% 3.51%
NorthCountry Federal Credit Union 11, 0.02% 1.75%
Vermont Federal Credit Union 12, 0.03% 1.75%
New England Federal Credit Union 13, 0.04% 26.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Bank 1, -0.10% 9.13%
New England Federal Credit Union 2, -0.05% 8.30%
Northeast Home Loan 3, -0.04% 5.81%
Draper and Kramer Mortgage Corp 4, -0.02% 2.49%
LoanDepot 5, -0.01% 4.15%
Usaa Federal Savings Bank 6, -0.01% 17.84%
Citizens Bank 7, -0.01% 0.41%
Primelending 8, -0.00% 2.07%
Vermont Federal Credit Union 9, -0.00% 0.41%
Movement Mortgage 10, 0.00% 2.49%
TD Bank 11, 0.00% 0.83%
People’s United Bank 12, 0.01% 1.24%
Wells Fargo Bank 13, 0.01% 0.83%
Nationstar Mortgage 14, 0.02% 1.24%
HomeBridge Financial Services, Inc 15, 0.02% 15.77%
KeyBank National Association 16, 0.02% 0.83%
Academy Mortgage Corporation 17, 0.04% 4.15%
Quicken Loans 18, 0.05% 14.11%
Fairway Independent Mort Corp 19, 0.06% 7.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Bank 1, -0.12% 11.31%
Northeast Home Loan 2, -0.04% 7.74%
New England Federal Credit Union 3, -0.04% 6.55%
Draper and Kramer Mortgage Corp 4, -0.02% 2.38%
Usaa Federal Savings Bank 5, -0.01% 22.02%
Citizens Bank 6, -0.01% 0.60%
Primelending 7, -0.00% 2.98%
Vermont Federal Credit Union 8, -0.00% 0.60%
Movement Mortgage 9, 0.00% 3.57%
LoanDepot 10, 0.00% 0.60%
TD Bank 11, 0.01% 0.60%
People’s United Bank 12, 0.01% 1.79%
Wells Fargo Bank 13, 0.01% 1.19%
Quicken Loans 14, 0.02% 6.55%
Nationstar Mortgage 15, 0.02% 1.19%
KeyBank National Association 16, 0.02% 1.19%
Academy Mortgage Corporation 17, 0.05% 5.36%
HomeBridge Financial Services, Inc 18, 0.07% 14.88%
Fairway Independent Mort Corp 19, 0.08% 8.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
HomeBridge Financial Services, Inc 1, -0.07% 17.81%
New England Federal Credit Union 2, -0.05% 12.33%
Draper and Kramer Mortgage Corp 3, -0.02% 2.74%
LoanDepot 4, -0.01% 12.33%
Northeast Home Loan 5, -0.01% 1.37%
TD Bank 6, -0.01% 1.37%
Academy Mortgage Corporation 7, -0.01% 1.37%
Usaa Federal Savings Bank 8, -0.00% 8.22%
Fairway Independent Mort Corp 9, 0.01% 5.48%
Union Bank 10, 0.01% 4.11%
Nationstar Mortgage 11, 0.02% 1.37%
Quicken Loans 12, 0.06% 31.51%

* Data is compiled for the Burlington, VT commuting zone area, which comprises of counties of Addison County, VT, Chittenden County, VT, Franklin County, VT, Grand Isle County, VT, Lamoille County, VT, and Rutland County, VT. This includes cities/towns/communities of Burlington, VT as well as South Burlington, VT, Essex Junction, VT, Milton, VT, Shelburne, VT, Swanton, VT, Stowe, VT, Rutland, VT, Jericho, VT, St. Albans, VT, Hinesburg, VT, Winooski, VT, Morrisville, VT, Richmond, VT, Jeffersonville, VT, Alburg, VT, Hyde Park, VT, Poultney, VT, Middlebury, VT, Castleton, VT, Bristol, VT, Enosburg Falls, VT, Johnson, VT, Richford, VT, Vergennes, VT, Wallingford, VT, Brandon, VT, Benson, VT, Pittsford, VT, Fair Haven, VT, and West Rutland, VT. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

FB Comments