Top Mortgage Lenders in Burlington, VT

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

Going by historical data, the best mortgage lender in the Burlington, VT area in terms of interest rate is New England Federal Credit Union, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, New England Federal Credit Union provided a -0.20% lower interest rate for its customers than other lenders in the area. New England Federal Credit Union has a market share of 27.5%. It is the most popular lender in the Burlington, VT area.

Our detailed ranking of mortgage lenders in 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, going by historical data, 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 (above $548,250 or $822,375 depending on the area in 2021), 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 in Morrisville VT. The cheapest VA mortgage provider is also Union Bank in Morrisville VT. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Burlington, VT

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.20%(4.5)27.45%
Northeast Home Loan-0.08%(4.0)8.25%
Northfield Savings Bank-0.05%(3.5)1.62%
Vermont Federal Credit Union-0.04%(3.5)7.50%
NBT Bank-0.03%(3.5)1.10%
JPMorgan Chase Bank-0.01%(3.5)0.87%
Draper and Kramer Mortgage Corp0.02%(3.5)2.25%
TD Bank0.03%(3.5)0.89%
Wells Fargo Bank0.04%(3.5)0.91%
Union Bank in Morrisville VT0.06%(3.0)8.29%
Movement Mortgage0.07%(3.0)1.21%
People’s United Bank0.07%(3.0)2.38%
Community Bank NA0.08%(3.0)1.68%
HomeBridge Financial Services0.10%(3.0)5.82%
Fairway Independent Mortgage Corporation0.14%(3.0)4.70%
Academy Mortgage Corporation Utah0.17%(2.5)3.13%
Mr. Cooper0.23%(2.5)0.70%
Quicken Loans0.23%(2.5)10.25%
NorthCountry Federal Credit Union0.29%(2.0)2.06%
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.16%(4.5)23.95%
Northfield Savings Bank-0.09%(4.0)2.01%
NBT Bank-0.08%(4.0)1.34%
Northeast Home Loan-0.06%(4.0)10.35%
JPMorgan Chase Bank-0.06%(4.0)0.97%
TD Bank-0.03%(3.5)0.90%
Vermont Federal Credit Union-0.02%(3.5)7.20%
Wells Fargo Bank-0.01%(3.5)1.04%
People’s United Bank0.03%(3.5)2.65%
Mr. Cooper0.04%(3.5)0.13%
Draper and Kramer Mortgage Corp0.05%(3.5)2.04%
Movement Mortgage0.07%(3.0)1.81%
Union Bank in Morrisville VT0.09%(3.0)11.22%
Community Bank NA0.09%(3.0)1.04%
HomeBridge Financial Services0.11%(3.0)7.94%
Fairway Independent Mortgage Corporation0.15%(3.0)6.73%
Quicken Loans0.15%(2.5)5.36%
Academy Mortgage Corporation Utah0.17%(2.5)4.66%
NorthCountry Federal Credit Union0.18%(2.5)1.14%
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.24%(4.5)31.98%
Northeast Home Loan-0.13%(4.0)5.54%
Vermont Federal Credit Union-0.05%(4.0)7.88%
Union Bank in Morrisville VT-0.02%(3.5)4.50%
Draper and Kramer Mortgage Corp-0.00%(3.5)2.51%
Movement Mortgage0.01%(3.5)0.43%
HomeBridge Financial Services0.04%(3.5)3.07%
Northfield Savings Bank0.04%(3.5)1.13%
NBT Bank0.06%(3.0)0.78%
JPMorgan Chase Bank0.06%(3.0)0.74%
Fairway Independent Mortgage Corporation0.07%(3.0)2.08%
Community Bank NA0.09%(3.0)2.51%
Academy Mortgage Corporation Utah0.11%(3.0)1.17%
TD Bank0.11%(3.0)0.87%
Wells Fargo Bank0.12%(3.0)0.74%
People’s United Bank0.14%(3.0)2.03%
Mr. Cooper0.27%(2.0)1.43%
Quicken Loans0.27%(2.0)16.57%
NorthCountry Federal Credit Union0.35%(1.5)3.25%
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.21%(4.5)30.48%
Northeast Home Loan-0.08%(4.0)9.17%
NBT Bank-0.05%(3.5)0.96%
Northfield Savings Bank-0.04%(3.5)1.83%
Vermont Federal Credit Union-0.03%(3.5)8.51%
JPMorgan Chase Bank-0.01%(3.5)0.98%
Draper and Kramer Mortgage Corp0.03%(3.5)2.33%
TD Bank0.04%(3.5)0.74%
Wells Fargo Bank0.05%(3.5)0.91%
Movement Mortgage0.08%(3.0)1.11%
Community Bank NA0.09%(3.0)1.92%
People’s United Bank0.10%(3.0)2.11%
Union Bank in Morrisville VT0.11%(3.0)7.75%
HomeBridge Financial Services0.13%(3.0)4.46%
Fairway Independent Mortgage Corporation0.15%(3.0)3.94%
Academy Mortgage Corporation Utah0.19%(2.5)2.59%
Quicken Loans0.29%(2.0)9.06%
NorthCountry Federal Credit Union0.30%(2.0)2.33%
Mr. Cooper0.31%(2.0)0.57%
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.16%(4.5)27.65%
NBT Bank-0.09%(4.0)1.37%
Northfield Savings Bank-0.09%(4.0)2.38%
Northeast Home Loan-0.06%(4.0)11.85%
JPMorgan Chase Bank-0.06%(4.0)1.17%
TD Bank-0.03%(3.5)0.81%
Vermont Federal Credit Union-0.02%(3.5)8.46%
Wells Fargo Bank-0.01%(3.5)1.01%
Mr. Cooper0.03%(3.5)0.04%
People’s United Bank0.05%(3.5)2.54%
Draper and Kramer Mortgage Corp0.06%(3.0)2.14%
Movement Mortgage0.09%(3.0)1.65%
Community Bank NA0.10%(3.0)1.21%
HomeBridge Financial Services0.15%(2.5)6.01%
Union Bank in Morrisville VT0.16%(2.5)10.36%
Fairway Independent Mortgage Corporation0.16%(2.5)5.64%
NorthCountry Federal Credit Union0.19%(2.5)1.33%
Quicken Loans0.21%(2.5)4.35%
Academy Mortgage Corporation Utah0.21%(2.5)3.79%
Lender NameRate DifferenceRate RatingMarket Share
New England Federal Credit Union-0.25%(4.5)33.81%
Northeast Home Loan-0.13%(4.0)6.01%
Vermont Federal Credit Union-0.05%(4.0)8.57%
Union Bank in Morrisville VT-0.02%(3.5)4.69%
Draper and Kramer Mortgage Corp0.00%(3.5)2.56%
Movement Mortgage0.01%(3.5)0.47%
Northfield Savings Bank0.05%(3.5)1.18%
HomeBridge Financial Services0.06%(3.0)2.65%
JPMorgan Chase Bank0.07%(3.0)0.76%
Fairway Independent Mortgage Corporation0.07%(3.0)1.94%
NBT Bank0.08%(3.0)0.47%
Community Bank NA0.09%(3.0)2.75%
Academy Mortgage Corporation Utah0.12%(3.0)1.18%
Wells Fargo Bank0.13%(3.0)0.80%
TD Bank0.15%(3.0)0.66%
People’s United Bank0.20%(2.5)1.61%
Quicken Loans0.33%(2.0)14.58%
Mr. Cooper0.33%(2.0)1.18%
NorthCountry Federal Credit Union0.36%(1.5)3.50%
Lender NameRate DifferenceRate RatingMarket Share
Union Bank in Morrisville VT-0.20%(4.5)14.73%
New England Federal Credit Union-0.06%(4.0)2.27%
People’s United Bank-0.06%(4.0)1.70%
Movement Mortgage-0.02%(3.5)1.98%
TD Bank0.01%(3.5)0.28%
HomeBridge Financial Services0.01%(3.5)18.13%
Quicken Loans0.01%(3.5)26.35%
Mr. Cooper0.01%(3.5)2.27%
Draper and Kramer Mortgage Corp0.02%(3.5)1.13%
Wells Fargo Bank0.02%(3.5)0.28%
Academy Mortgage Corporation Utah0.10%(3.0)10.20%
Fairway Independent Mortgage Corporation0.12%(3.0)13.03%
Lender NameRate DifferenceRate RatingMarket Share
Union Bank in Morrisville VT-0.21%(4.5)17.99%
New England Federal Credit Union-0.07%(4.0)2.52%
People’s United Bank-0.06%(4.0)2.16%
Movement Mortgage-0.02%(3.5)2.52%
TD Bank0.01%(3.5)0.36%
HomeBridge Financial Services0.01%(3.5)22.30%
Mr. Cooper0.01%(3.5)0.36%
Wells Fargo Bank0.02%(3.5)0.36%
Draper and Kramer Mortgage Corp0.03%(3.5)1.08%
Quicken Loans0.03%(3.5)14.75%
Academy Mortgage Corporation Utah0.11%(3.0)12.23%
Fairway Independent Mortgage Corporation0.13%(3.0)15.47%
Lender NameRate DifferenceRate RatingMarket Share
Union Bank in Morrisville VT-0.02%(3.5)2.67%
Academy Mortgage Corporation Utah-0.01%(3.5)2.67%
New England Federal Credit Union-0.01%(3.5)1.33%
Draper and Kramer Mortgage Corp-0.00%(3.5)1.33%
Quicken Loans-0.00%(3.5)69.33%
HomeBridge Financial Services0.00%(3.5)2.67%
Fairway Independent Mortgage Corporation0.01%(3.5)4.00%
Mr. Cooper0.01%(3.5)9.33%
Lender NameRate DifferenceRate RatingMarket Share
People’s United Bank-0.04%(3.5)17.54%
TD Bank-0.02%(3.5)8.77%
Wells Fargo Bank-0.01%(3.5)2.63%
NBT Bank-0.01%(3.5)12.28%
Northeast Home Loan-0.01%(3.5)1.75%
Northfield Savings Bank-0.01%(3.5)1.75%
HomeBridge Financial Services0.00%(3.5)0.88%
JPMorgan Chase Bank0.01%(3.5)0.88%
Quicken Loans0.01%(3.5)2.63%
Vermont Federal Credit Union0.01%(3.5)4.39%
Community Bank NA0.01%(3.5)0.88%
Draper and Kramer Mortgage Corp0.01%(3.5)1.75%
New England Federal Credit Union0.02%(3.5)22.81%
Academy Mortgage Corporation Utah0.02%(3.5)1.75%
NorthCountry Federal Credit Union0.03%(3.5)1.75%
Fairway Independent Mortgage Corporation0.03%(3.5)2.63%
Union Bank in Morrisville VT0.07%(3.0)7.89%
Lender NameRate DifferenceRate RatingMarket Share
People’s United Bank-0.05%(3.5)11.67%
TD Bank-0.03%(3.5)8.33%
Wells Fargo Bank-0.02%(3.5)5.00%
Northfield Savings Bank-0.01%(3.5)1.67%
New England Federal Credit Union-0.01%(3.5)18.33%
NBT Bank-0.01%(3.5)10.00%
Northeast Home Loan-0.01%(3.5)3.33%
HomeBridge Financial Services-0.00%(3.5)1.67%
Vermont Federal Credit Union0.00%(3.5)6.67%
Quicken Loans0.00%(3.5)1.67%
Community Bank NA0.01%(3.5)1.67%
Draper and Kramer Mortgage Corp0.01%(3.5)1.67%
Academy Mortgage Corporation Utah0.01%(3.5)3.33%
Fairway Independent Mortgage Corporation0.03%(3.5)5.00%
NorthCountry Federal Credit Union0.03%(3.5)1.67%
Union Bank in Morrisville VT0.07%(3.0)15.00%
Lender NameRate DifferenceRate RatingMarket Share
People’s United Bank-0.04%(3.5)24.07%
TD Bank-0.01%(3.5)9.26%
NBT Bank-0.01%(3.5)14.81%
Northfield Savings Bank0.00%(3.5)1.85%
JPMorgan Chase Bank0.01%(3.5)1.85%
Draper and Kramer Mortgage Corp0.01%(3.5)1.85%
Quicken Loans0.01%(3.5)3.70%
NorthCountry Federal Credit Union0.02%(3.5)1.85%
Vermont Federal Credit Union0.03%(3.5)1.85%
New England Federal Credit Union0.04%(3.5)27.78%
Lender NameRate DifferenceRate RatingMarket Share
Union Bank in Morrisville VT-0.10%(4.0)9.32%
New England Federal Credit Union-0.05%(3.5)8.47%
Northeast Home Loan-0.04%(3.5)5.93%
Draper and Kramer Mortgage Corp-0.02%(3.5)2.54%
Vermont Federal Credit Union-0.00%(3.5)0.42%
Movement Mortgage-0.00%(3.5)2.54%
TD Bank0.00%(3.5)0.85%
People’s United Bank0.01%(3.5)1.27%
Wells Fargo Bank0.01%(3.5)0.85%
Mr. Cooper0.02%(3.5)1.27%
HomeBridge Financial Services0.02%(3.5)16.10%
Academy Mortgage Corporation Utah0.05%(3.5)3.81%
Quicken Loans0.06%(3.0)13.14%
Fairway Independent Mortgage Corporation0.06%(3.0)8.05%
Lender NameRate DifferenceRate RatingMarket Share
Union Bank in Morrisville VT-0.12%(4.0)11.45%
Northeast Home Loan-0.04%(3.5)7.83%
New England Federal Credit Union-0.04%(3.5)6.63%
Draper and Kramer Mortgage Corp-0.02%(3.5)2.41%
Vermont Federal Credit Union-0.00%(3.5)0.60%
Movement Mortgage0.00%(3.5)3.61%
TD Bank0.01%(3.5)0.60%
People’s United Bank0.01%(3.5)1.81%
Wells Fargo Bank0.01%(3.5)1.20%
Mr. Cooper0.02%(3.5)1.20%
Quicken Loans0.03%(3.5)6.02%
Academy Mortgage Corporation Utah0.05%(3.5)5.42%
HomeBridge Financial Services0.07%(3.0)15.06%
Fairway Independent Mortgage Corporation0.08%(3.0)9.04%
Lender NameRate DifferenceRate RatingMarket Share
HomeBridge Financial Services-0.07%(4.0)18.57%
New England Federal Credit Union-0.05%(3.5)12.86%
Draper and Kramer Mortgage Corp-0.02%(3.5)2.86%
Northeast Home Loan-0.01%(3.5)1.43%
TD Bank-0.01%(3.5)1.43%
Union Bank in Morrisville VT0.01%(3.5)4.29%
Fairway Independent Mortgage Corporation0.01%(3.5)5.71%
Mr. Cooper0.02%(3.5)1.43%
Quicken Loans0.07%(3.0)30.00%

* 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 of the data is 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 conditional on the commuting zone, 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.

Mortgage Lender Rankings in Other Cities

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