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Burbank rates, priced for Los Angeles County
Burbank Mortgage Rates Today
Today’s Burbank mortgage rates are priced for a Los Angeles County address, each card with its APR. The rest of the page takes Burbank prices, from a downtown condo to a Magnolia Park house, and shows what points, term and down payment do to the payment, and why a file with variable studio income needs its lock timed with care.
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Burbank Mortgage Rates on Today’s LA County Sheet
Priced for Los Angeles County, October 27, 2026
0.125 points See every option 15-year fixed 6.375% 6.436% APR P&I $5,531/mo on $640,000
$800 lender credit See every option 30-year FHA 7.250% 7.324% APR P&I $4,366/mo on $640,000
0.187 points See every option 30-year VA 6.750% 6.794% APR P&I $4,151/mo on $640,000
$506 lender credit See every option 30-year jumbo 8.125% 8.207% APR P&I $10,395/mo on $1,400,000
0.322 points See every option
Par pricing for a single-family primary residence in Los Angeles County: 20% down, 30-year term unless noted, 780+ credit, 30-day lock, escrows included. Payments are principal and interest only; taxes and insurance add to them. Rates change through the day and are not a commitment to lend. Price your own Burbank scenario, no credit pull.
Par Pricing in One Paragraph
Every card shows the rate at which the lender neither charges points nor pays a credit, for a single-family home you will live in, 20% down, a 780 score and a 30-day lock. It is the cleanest way to compare one day with the next. Your quote starts there and adjusts for your own file. Open any card for the full menu of rates and costs, or use the pricing engine with your numbers. There is no credit pull either way.
Four Levers on a Burbank Mortgage Rate
- Loan size against the county line. Above $832,750 a loan is high-balance conforming, priced on its own grid, up to $1,249,125. Burbank’s September 2026 median of about $1.18 million, with 20% down, borrows about $942,000, so a typical house purchase with 20% down is high-balance. Beyond the limit it is jumbo.
- Condo or house. Downtown and the Media District are where Burbank’s apartments and condos cluster. Conventional lenders often add a condo adjustment under 25% down.
- Score and down payment. Conventional pricing steps with each 5% of loan-to-value and with score. FHA and VA are less sensitive to score.
- Occupancy and units. Rentals price higher. Investors who qualify on rent use a DSCR loan, a separate product.
Burbank Market Data a Rate Shopper Should Know
Sources: Redfin Burbank housing market, September 2026; Zillow Home Value Index, September 30, 2026.
A flat price year changes how you shop for a loan. With values up only 0.2% on Zillow’s index and homes selling a little under list, sellers may be more open to credits, and a seller credit can buy down the rate as easily as it covers closing costs. Ask for the credit in the offer, then let Mike show you whether it does more good as points or as cash to close. A Burbank mortgage rate bought down this way is part of the negotiation, not only the lender search.
Which Price Grid Your Burbank Neighborhood Uses
Typical values are Zillow figures for September 2026 unless noted. The loan amount, not the address, sets the grid, so each line assumes 20% down.
Burbank Center and the Media District
About $788,000 and $939,000. At 20% down both are standard conforming loans under $832,750, the cheapest grid; with 5% down the Media District price moves into high-balance.
South Burbank and Magnolia Park
About $1.20 million and $1.23 million. With 20% down these borrow $960,000 to $984,000, high-balance conforming, where pricing can vary from lender to lender.
The Rancho and the Burbank Hills
About $1.31 million in the Rancho and $1.26 million to $1.30 million in the foothill ZIPs (October 2025). Twenty percent or even 10% down keeps them high-balance conforming; only a down payment under about 5% tips a Rancho loan into jumbo pricing.
Points or a Credit on a Magnolia Park House
Put 20% down on a $1.23 million Magnolia Park house and the loan is $984,000. The ladder below shows that loan at five prices, from paying points to taking a lender credit, with the APR and the months it takes for a lower payment to repay the points. A buyer who expects to move or refinance within a few years usually leans toward the credit side.
| Rate on a $984,000 loan | APR | Points or credit | Payment vs par | Points pay back in |
|---|---|---|---|---|
| 6.875% | 7.005% | You pay $8,610 | $165/mo less | 53 months |
| 7.000% | 7.082% | You pay $3,690 | $83/mo less | 45 months |
| 7.125% | 7.183% | You pay $1,230 | Same | None |
Conventional 30-year fixed, $984,000 loan, from today’s Los Angeles County rate sheet.
Fifteen or Thirty Years at the Typical Value
On a typical $1.17 million Burbank home with 20% down, the 15-year payment is much higher than the 30-year, which makes it a hard fit for most purchases. It tends to suit owners who bought years ago, when Burbank single-family prices were lower, and want to refinance what remains on a short schedule. Note the bottom row: the monthly value of each quarter point at this loan size.
| $1,167,000 home, 20% down ($933,600 loan) | 30-year fixed, 7.125% (7.192% APR) | 15-year fixed, 6.375% (6.436% APR) |
|---|---|---|
| Principal and interest | $6,290/mo | $8,069/mo |
| Interest over the full term | $1,330,741 | $518,755 |
| Each 0.25% in rate on the 30-year | about $158 a month | |
Typical Burbank home value, September 2026 (Zillow). Principal and interest only at today’s county par rates.
A First Purchase Near the Metrolink Station
Burbank Center, the condo and apartment area around downtown and the Metrolink station, had a Zillow typical value of about $788,000 in September 2026. Here is that price three ways at a 700 score: 5% down conventional, 3.5% down FHA, and VA with nothing down for eligible buyers. Rate is only part of it; mortgage insurance separates them too.
| $788,000 purchase, 700 credit | Conventional, 5% down | FHA, 3.5% down | VA, 0% down |
|---|---|---|---|
| Down payment | $39,400 | $27,580 | $0 |
| Loan amount | $748,600 | $773,727 with 1.75% upfront MIP | $804,942 with 2.15% funding fee |
| Today’s rate (APR) | 7.999% (8.070%) | 7.250% (7.320%) | 6.875% (6.937%) |
| Principal and interest | $5,492/mo | $5,278/mo | $5,288/mo |
| Mortgage insurance | $487/mo PMI | $475/mo MIP | None |
| Before taxes and insurance | $5,979/mo | $5,753/mo | $5,288/mo |
| Mortgage insurance ends | At 20% equity (can be removed) | Life of the loan with under 10% down | Never charged |
Before property tax, insurance and HOA dues. FHA includes the 1.75% upfront premium; VA includes the 2.15% first-use funding fee, waived for veterans receiving disability compensation.
Variable Income and When to Lock a Burbank Mortgage Rate
If your income comes from production work, the timing of the lock matters as much as the rate. Lenders verify employment and income close to funding, so a project that wraps between approval and closing, or a gap between shows, can change the file. Tell Mike your project calendar at the start. With Burbank homes taking a median of 46 days to sell in September 2026, there is usually time to get fully underwritten before writing an offer, then lock for 30 days once it is accepted. Condos that need association paperwork and jumbo files often need 45 days, and a longer lock costs a bit more.
Papers That Turn a Card Rate Into a Lockable Quote
- Deal memos or start letters for current productions, alongside pay stubs.
- Two years of returns, including any loan-out corporation’s return and K-1.
- Residual statements if you plan to count them, with a history that shows they continue.
- Asset statements covering the down payment and closing costs, with large deposits explained.
- The condo building name, so condo pricing and approval can be checked first.
Five Steps From Rate Card to Funding
- Share the scenarioPrice, ZIP, down payment, score range and how you are paid.
- See every gridMike prices standard, high-balance or jumbo as the loan size requires, across several lenders.
- Underwrite the incomeVariable or loan-out income is reviewed before you offer, not after.
- Lock on acceptanceChoose the rate, points or credit and the lock length once the contract is signed.
- FundIncome is reverified near closing; local escrow records the loan.
What Moves the Daily Rate, and Refinancing Later
Fixed mortgage rates track the bond market and expectations about inflation, not the Federal Reserve’s announcements directly, so they can move before a Fed decision or hardly at all after one. Home equity lines follow the prime rate, which changes when the Fed moves. Owners who want cash without touching a low first mortgage can see the Burbank HELOC page, with rates from 7.49% APR, variable.
Buyers who closed in the last few years at higher rates can price a rate-and-term refinance when rates ease. Divide total closing costs by the monthly saving to find the break-even month, and compare it with how long you expect to keep the loan. The mortgage calculator runs it with your own figures.
Burbank Mortgage Rates: Common Questions
Are Burbank mortgage rates different from the rest of Los Angeles County?
No. Pricing is set by county, so a Burbank address uses the same Los Angeles County rate sheet and the same $1,249,125 conforming limit as Glendale or Los Angeles. What changes is your loan amount, down payment, score, property type and occupancy, each of which adjusts the price from the par rates shown on the cards.
Why is my Burbank rate quote higher than the card?
The cards assume a single-family primary home, 20% down, a 780 score and a 30-day lock. Less down, a lower score, a condo, a rental, a high-balance loan or a longer lock all add to the price. Put your own numbers into the pricing engine or send them to Mike to see the rate and APR for your actual file.
Does project-based studio income affect my rate?
Income type does not usually change the rate on a standard loan, but it affects whether and how a lender approves you. Lenders differ on averaging variable income and on gaps between projects. If your file needs a bank statement or other non-QM loan, those programs price higher than conventional, so it pays to see both options side by side.
Is it worth paying points on a Burbank loan?
Only if you keep the loan past the break-even month. On a $984,000 loan, the cost of a point and the monthly saving are both large, so the math is easy to run: cost divided by saving. If you may refinance or sell within a few years, a lender credit that lowers your cash to close is often the better choice.
Can a seller credit lower my Burbank mortgage rate?
It can. A credit from the seller can pay for discount points as well as closing costs, within the limits each loan program sets on seller contributions. In a market where homes sold at 99.4% of list in September 2026, asking for one is reasonable; Mike can show what the same credit does as points versus cash.
How long should I lock a Burbank purchase rate?
Thirty days covers most purchases when underwriting is done before the offer. Downtown or Media District condos waiting on HOA documents, and jumbo loans with large asset files, often need 45 days. Plan the lock around your escrow and your project calendar, since an extension usually costs more than a longer lock chosen up front.
Do Burbank mortgage rates change during the day?
Yes. Lenders can reprice when the bond market moves, sometimes more than once a day, which is why the cards show the date and every quote is good only until it is locked.
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Get Your Own Burbank Rate
Send the price, the neighborhood, your down payment, a rough score and how you are paid. Mike will run it through our own programs and several other wholesale lenders and reply with each option’s rate, APR and cash to close, usually the same business day. No credit pull to start.
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