Winchester FHA Loan Rates, Closing Costs & Stats
WINCHESTER, VA-WV
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote
home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and
credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores
between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)--
an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Winchester's 98 lenders originated 568 FHA
loans during 2024. The total origination value was $181,840,000, with an average FHA loan value of
$320,141.
Winchester FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Winchester
averaged
0.29%
for the week of 2025-07-04, compared to the national average (all FHA variants) of
0% for the same period.
Winchester's average FHA mortgage closing costs are $9,396.
The average rate for the prior week (2025-06-27) was
6.38% and
one month ago for the week of 2025-05-30, the
average rate was 6.65%.
The average rate one year ago was 6.97%.
For refis of the same type during the week of 2025-07-04, the average rate
was -0.39%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Winchester FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Winchester level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
QUICKEN LOANS, LLC
|
30
|
6.31%
|
$12,548
|
HOMESPIRE MORTGAGE CORPORATION
|
25
|
6.44%
|
$11,465
|
UNITED WHOLESALE MORTGAGE, LLC
|
24
|
6.17%
|
$16,065
|
DHI MORTGAGE COMPANY, LTD.
|
21
|
5.25%
|
$11,241
|
Integrity Home Mortgage Corp
|
20
|
6.49%
|
$13,351
|
GSF Mortgage Corporation
|
20
|
6.53%
|
$13,098
|
LOANDEPOT.COM, LLC
|
18
|
6.16%
|
$13,603
|
HOMEAMERICAN MORTGAGE CORPORATION
|
17
|
4.96%
|
$9,628
|
City Lending Inc.
|
16
|
6.78%
|
$15,927
|
INTERCOASTAL MORTGAGE COMPANY
|
16
|
6.05%
|
$13,634
|
NVR Mortgage Finance, Inc.
|
16
|
6.17%
|
$14,412
|
FREEDOM MORTGAGE CORPORATION
|
14
|
6.46%
|
$15,026
|
GUILD MORTGAGE COMPANY
|
13
|
6.34%
|
$14,370
|
TIDEWATER MORTGAGE SERVICES, INC.
|
12
|
6.50%
|
$10,739
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
11
|
6.40%
|
$12,447
|
PENNYMAC LOAN SERVICES, LLC
|
10
|
5.96%
|
$11,757
|
HOMESIDE FINANCIAL, LLC
|
9
|
6.78%
|
$13,463
|
NFM, INC.
|
9
|
6.93%
|
$15,028
|
BROKER SOLUTIONS, INC.
|
9
|
7.07%
|
$11,277
|
Prosperity Home Mortgage, LLC
|
9
|
6.15%
|
$12,792
|
Atlantic Coast Mortgage, LLC
|
8
|
6.42%
|
$11,958
|
Vellum Mortgage, Inc.
|
8
|
6.47%
|
$14,258
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
8
|
6.84%
|
$13,118
|
Alcova Mortgage LLC
|
7
|
6.68%
|
$9,142
|
MOVEMENT MORTGAGE, LLC
|
7
|
6.61%
|
$14,480
|
NEWREZ LLC
|
7
|
6.30%
|
$11,987
|
First Heritage Mortgage, LLC
|
6
|
6.58%
|
$10,738
|
LAKEVIEW LOAN SERVICING, LLC
|
6
|
6.31%
|
$9,686
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
6
|
6.20%
|
$10,524
|
CMG MORTGAGE, INC.
|
5
|
6.45%
|
$10,849
|
EVERETT FINANCIAL, INC.
|
5
|
6.78%
|
$10,159
|
Mr. Cooper ( Nationstar Mortgage )
|
5
|
6.20%
|
$16,557
|
CROSSCOUNTRY MORTGAGE, LLC
|
5
|
6.43%
|
$12,576
|
Carrington Mortgage Services, LLC
|
4
|
6.63%
|
$11,406
|
UNION HOME MORTGAGE CORP.
|
4
|
6.44%
|
$13,451
|
MILEND, INC.
|
4
|
6.47%
|
$15,721
|
EMBRACE HOME LOANS, INC.
|
4
|
5.87%
|
$13,315
|
MILLENNIUM FINANCIAL GROUP, INC.
|
4
|
6.84%
|
$7,784
|
Paramount Residential Mortgage Group, Inc.
|
3
|
5.79%
|
$17,334
|
OCMBC, INC.
|
3
|
6.58%
|
$15,446
|
Waterstone Mortgage Corporation
|
3
|
6.46%
|
$17,875
|
EAGLE HOME MORTGAGE, LLC
|
3
|
5.33%
|
$14,712
|
FIDELITY DIRECT MORTGAGE, LLC
|
3
|
6.38%
|
$15,092
|
Century Mortgage Company DBA Century Lending Company
|
3
|
6.25%
|
$10,211
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
3
|
6.67%
|
$10,101
|
ZILLOW HOME LOANS, LLC
|
2
|
5.75%
|
$13,240
|
AMERICAN FINANCIAL NETWORK, INC.
|
2
|
6.13%
|
$15,562
|
AMERICAN FINANCIAL RESOURCES, INC.
|
2
|
6.31%
|
$9,196
|
CANOPY MORTGAGE, LLC
|
2
|
6.75%
|
$17,589
|
CARDINAL FINANCIAL
|
2
|
6.75%
|
$12,521
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
6.44%
|
$15,617
|
FIRST SAVINGS MORTGAGE CORPORATION
|
2
|
6.56%
|
$13,895
|
Flagstar Bank, FSB
|
2
|
6.38%
|
$10,015
|
INTELLILOAN, INC.
|
2
|
5.88%
|
$12,321
|
Lakeview Community Capital, LLC
|
2
|
6.44%
|
$7,801
|
LOANPAL, LLC
|
2
|
5.94%
|
$16,679
|
MORTGAGE ACCESS CORP.
|
2
|
6.88%
|
$12,746
|
PLAZA HOME MORTGAGE, INC.
|
2
|
7.25%
|
$9,564
|
RELIANCE FIRST CAPITAL, LLC
|
2
|
6.63%
|
$12,543
|
SUN WEST MORTGAGE COMPANY, INC.
|
2
|
6.06%
|
$17,076
|
Truist
|
2
|
6.25%
|
$11,168
|
VILLAGE CAPITAL MORTGAGE
|
2
|
6.44%
|
$4,475
|
Mortgage Research Center, LLC
|
1
|
7.25%
|
$8,115
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
1
|
7.25%
|
$19,258
|
JPMorgan Chase Bank
|
1
|
7.25%
|
$5,564
|
Home Mortgage Alliance Corp
|
1
|
7.13%
|
$17,817
|
M&T Bank
|
1
|
6.13%
|
$12,764
|
GUARANTEED RATE, INC.
|
1
|
6.63%
|
$10,659
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
6.13%
|
$23,814
|
Nations Lending Corporation
|
1
|
6.25%
|
$7,243
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.25%
|
$9,207
|
Fulton Bank
|
1
|
6.00%
|
$9,576
|
First National Bank of Pennsylvania
|
1
|
6.50%
|
$9,901
|
FIRST HOME MORTGAGE CORPORATION
|
1
|
6.75%
|
$11,744
|
Equity Prime Mortgage LLC
|
1
|
6.25%
|
$10,508
|
Citizens Bank
|
1
|
6.88%
|
$10,472
|
ARC HOME LLC
|
1
|
6.63%
|
$22,688
|
Presidential Bank, FSB
|
1
|
6.25%
|
$9,977
|
Blue Ridge Bank
|
1
|
6.13%
|
$5,953
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
6.50%
|
$18,487
|
Atlantic Union Bank
|
1
|
6.00%
|
$14,266
|
AmeriHome Mortgage Company, LLC
|
1
|
5.99%
|
$7,722
|
ROYAL UNITED MORTGAGE LLC
|
1
|
6.25%
|
$10,848
|
RUOFF MORTGAGE COMPANY, INC.
|
1
|
5.75%
|
$9,911
|
Shea Mortgage Inc.
|
1
|
6.00%
|
$7,962
|
Shore United Bank
|
1
|
6.13%
|
$10,590
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
5.99%
|
$15,471
|
American Mortgage & Equity Consultants, Inc.
|
1
|
7.00%
|
$16,072
|
THE MORTGAGE LINK, INC.
|
1
|
7.25%
|
$19,831
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
1
|
7.25%
|
$20,446
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
5.63%
|
$16,311
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
6.13%
|
$10,577
|
Mid-Continent Funding, Inc.
|
1
|
6.88%
|
$11,791
|
MICHIGAN MUTUAL, INC.
|
1
|
5.75%
|
$10,446
|
Loan Simple, Inc.
|
1
|
6.25%
|
$19,042
|
MLD MORTGAGE INC.
|
1
|
5.75%
|
$8,656
|
MORIA DEVELOPMENT, INC.
|
1
|
5.75%
|
$10,459
|
United Bank
|
1
|
6.25%
|
$9,555
|
The top Winchester FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
30 FHA loans originated. Their average total fees are
$12,548, which is $1,083
higher than the next largest lender,
HOMESPIRE MORTGAGE CORPORATION.
The lowest fee Winchester FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($9,628), TIDEWATER MORTGAGE SERVICES, INC. ($10,739), DHI MORTGAGE COMPANY, LTD. ($11,241), HOMESPIRE MORTGAGE CORPORATION ($11,465) and PENNYMAC LOAN SERVICES, LLC ($11,757).
The lowest rate Winchester FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION (4.96%), DHI MORTGAGE COMPANY, LTD. (5.25%), PENNYMAC LOAN SERVICES, LLC (5.96%), INTERCOASTAL MORTGAGE COMPANY (6.05%) and LOANDEPOT.COM, LLC (6.16%).
Winchester FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
WINCHESTER, VA-WV |
FREDERICK |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINCHESTER, VA-WV |
WINCHESTER CITY |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINCHESTER, VA-WV |
HAMPSHIRE |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINCHESTER, VA-WV |
FREDERICK |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINCHESTER, VA-WV |
WINCHESTER CITY |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINCHESTER, VA-WV |
HAMPSHIRE |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
FHA Loan Requirements
Borrowers must have a steady employment history or worked for the same employer for the past two years.
Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a
mortgage in your state.
Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
New FHA loans are only available for primary residence occupancy.
Borrowers must have a property appraisal from a FHA-approved appraiser.
Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance)
needs to be less than 31 percent of their gross income, typically. You may be able to get approved
with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they
believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment,
student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to
get approved with as high a percentage as 50 percent.
Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5
percent.
Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down
payment of 10 percent.
Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can
be made.
Typically borrowers must be three years out of foreclosure and have re-established good credit.
The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet
these standards and a seller will not agree to the required repairs, your only option is to pay for the required
repairs at closing (to be held in escrow until the repairs are complete).