Winston FHA Loan Rates, Closing Costs & Stats
WINSTON-SALEM, NC
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.
Winston's 161 lenders originated 2,251 FHA
loans during 2024. The total origination value was $575,785,000, with an average FHA loan value of
$255,791.
Winston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Winston
averaged
-0.09%
for the week of 2025-06-20, compared to the national average (all FHA variants) of
0% for the same period.
Winston's average FHA mortgage closing costs are $7,685.
The average rate for the prior week (2025-06-13) was
6.79% and
one month ago for the week of 2025-05-16, the
average rate was 6.55%.
The average rate one year ago was 6.61%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.1%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Winston 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 Winston level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
QUICKEN LOANS, LLC
|
227
|
6.36%
|
$10,783
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
182
|
6.55%
|
$11,693
|
DHI MORTGAGE COMPANY, LTD.
|
127
|
5.05%
|
$7,739
|
MOVEMENT MORTGAGE, LLC
|
122
|
6.54%
|
$11,018
|
UNITED WHOLESALE MORTGAGE, LLC
|
85
|
6.03%
|
$12,671
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
85
|
6.70%
|
$10,253
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
72
|
6.34%
|
$10,586
|
CROSSCOUNTRY MORTGAGE, LLC
|
56
|
6.50%
|
$11,682
|
FREEDOM MORTGAGE CORPORATION
|
56
|
6.45%
|
$11,464
|
INSPIRE HOME LOANS INC.
|
50
|
5.73%
|
$9,052
|
CMG MORTGAGE, INC.
|
46
|
6.69%
|
$10,545
|
BROKER SOLUTIONS, INC.
|
40
|
6.72%
|
$11,092
|
LOANDEPOT.COM, LLC
|
40
|
6.21%
|
$9,486
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
35
|
5.96%
|
$13,803
|
PENNYMAC LOAN SERVICES, LLC
|
27
|
6.02%
|
$10,076
|
UNION HOME MORTGAGE CORP.
|
25
|
6.46%
|
$9,323
|
CARDINAL FINANCIAL
|
24
|
6.68%
|
$12,026
|
Ameris Bank
|
23
|
6.46%
|
$9,586
|
Carrington Mortgage Services, LLC
|
22
|
6.43%
|
$9,415
|
Prosperity Home Mortgage, LLC
|
20
|
6.18%
|
$11,670
|
ENVOY MORTGAGE, LTD
|
20
|
6.74%
|
$12,133
|
Truist
|
18
|
6.63%
|
$8,809
|
Mr. Cooper ( Nationstar Mortgage )
|
17
|
6.69%
|
$12,324
|
GUARANTEED RATE, INC.
|
17
|
6.49%
|
$10,290
|
MICHIGAN MUTUAL, INC.
|
16
|
6.16%
|
$8,939
|
CANOPY MORTGAGE, LLC
|
16
|
6.44%
|
$13,058
|
Equity Prime Mortgage LLC
|
15
|
6.97%
|
$12,416
|
Blue Ridge Bank
|
14
|
6.84%
|
$9,580
|
Flagstar Bank, FSB
|
14
|
5.88%
|
$9,546
|
SUMMIT FUNDING, INC.
|
14
|
5.94%
|
$10,665
|
RELIANCE FIRST CAPITAL, LLC
|
13
|
6.71%
|
$10,083
|
PULTE MORTGAGE LLC
|
13
|
5.98%
|
$7,589
|
NEWREZ LLC
|
12
|
6.41%
|
$9,820
|
HOWARD HANNA FINANCIAL SERVICES, INC.
|
12
|
6.51%
|
$9,637
|
Ixonia Bank
|
12
|
6.46%
|
$10,959
|
U.S. Bank
|
11
|
6.44%
|
$6,440
|
EMM LOANS LLC
|
11
|
6.26%
|
$13,721
|
PLAZA HOME MORTGAGE, INC.
|
10
|
6.56%
|
$11,271
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
10
|
6.48%
|
$15,173
|
AMERICAN FINANCIAL RESOURCES, INC.
|
10
|
6.29%
|
$12,265
|
Pinnacle Bank
|
9
|
6.36%
|
$11,003
|
AMERISAVE MORTGAGE CORPORATION
|
9
|
6.25%
|
$11,945
|
EAGLE HOME MORTGAGE, LLC
|
9
|
4.85%
|
$7,473
|
Mortgage Research Center, LLC
|
8
|
6.88%
|
$6,154
|
HOMESIDE FINANCIAL, LLC
|
8
|
6.23%
|
$13,847
|
AmRes Corporation
|
7
|
6.63%
|
$13,102
|
LAKEVIEW LOAN SERVICING, LLC
|
7
|
6.29%
|
$8,842
|
MILEND, INC.
|
7
|
6.61%
|
$11,771
|
NFM, INC.
|
7
|
7.30%
|
$9,639
|
AMERICAN FINANCING CORPORATION
|
7
|
5.95%
|
$12,763
|
Wolfe Financial, Inc
|
7
|
6.98%
|
$11,395
|
First-Citizens Bank & Trust Company
|
7
|
5.45%
|
$10,461
|
Atlantic Coast Mortgage, LLC
|
7
|
6.57%
|
$13,044
|
GUILD MORTGAGE COMPANY
|
7
|
6.88%
|
$9,809
|
Integrity Home Mortgage Corp
|
7
|
6.70%
|
$11,867
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
6
|
6.77%
|
$13,899
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
6
|
6.50%
|
$6,527
|
ZILLOW HOME LOANS, LLC
|
6
|
6.63%
|
$10,257
|
T2 FINANCIAL LLC
|
6
|
6.92%
|
$11,800
|
SeaTrust Mortgage Company
|
6
|
6.56%
|
$8,829
|
First National Bank of Pennsylvania
|
6
|
6.23%
|
$8,905
|
Wells Fargo Bank
|
5
|
6.30%
|
$11,996
|
BAY EQUITY LLC
|
5
|
6.50%
|
$9,698
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
6.33%
|
$15,544
|
AMERICAN FINANCIAL NETWORK, INC.
|
5
|
7.05%
|
$13,324
|
The Fidelity Bank
|
5
|
6.85%
|
$10,253
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
5
|
6.80%
|
$11,011
|
INTERCOASTAL MORTGAGE COMPANY
|
5
|
6.10%
|
$9,368
|
Bank of America
|
4
|
6.25%
|
$8,075
|
VILLAGE CAPITAL MORTGAGE
|
4
|
6.47%
|
$4,177
|
Truliant Federal Credit Union
|
4
|
6.19%
|
$7,377
|
TruHome Solutions, LLC
|
4
|
6.59%
|
$9,952
|
Towne Bank
|
4
|
5.66%
|
$11,549
|
TOP FLITE FINANCIAL, INC.
|
4
|
7.31%
|
$13,626
|
MORTGAGE FINANCIAL GROUP, INC.
|
4
|
6.28%
|
$10,016
|
CORNERSTONE HOME LENDING, INC.
|
4
|
6.72%
|
$8,042
|
HALLMARK HOME MORTGAGE, LLC
|
4
|
6.41%
|
$12,144
|
American Security Mortgage Corp.
|
4
|
6.28%
|
$11,682
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
4
|
6.12%
|
$13,419
|
LOANPAL, LLC
|
4
|
5.81%
|
$10,758
|
LEADERONE FINANCIAL CORPORATION
|
3
|
6.08%
|
$15,317
|
PLANET HOME LENDING, LLC
|
3
|
6.13%
|
$6,482
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
3
|
6.50%
|
$11,585
|
AmeriHome Mortgage Company, LLC
|
3
|
6.54%
|
$7,372
|
THE MORTGAGE FIRM, INC.
|
3
|
6.83%
|
$11,378
|
TOWNE MORTGAGE COMPANY
|
3
|
6.33%
|
$13,018
|
EQUITY RESOURCES, INC.
|
3
|
6.75%
|
$9,855
|
VERITAS FUNDING, LLC
|
3
|
6.63%
|
$13,855
|
EVERETT FINANCIAL, INC.
|
3
|
7.21%
|
$9,437
|
First Federal Bank
|
3
|
6.13%
|
$7,124
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
3
|
6.67%
|
$8,819
|
MID AMERICA MORTGAGE, INC.
|
3
|
7.71%
|
$9,755
|
MORTGAGE INVESTORS GROUP, INC.
|
3
|
6.16%
|
$7,501
|
CALCON MUTUAL MORTGAGE LLC
|
3
|
7.46%
|
$10,101
|
Paramount Residential Mortgage Group, Inc.
|
3
|
6.50%
|
$9,979
|
Keystone Funding, Inc.
|
2
|
6.81%
|
$12,365
|
Bank of England
|
2
|
6.63%
|
$18,947
|
HOMESPIRE MORTGAGE CORPORATION
|
2
|
6.88%
|
$8,643
|
M&T Bank
|
2
|
7.13%
|
$7,057
|
GoPrime Mortgage, Inc.
|
2
|
6.44%
|
$9,309
|
First Horizon Bank
|
2
|
6.81%
|
$10,743
|
Plains Commerce Bank
|
2
|
6.25%
|
$17,524
|
FIRST COLONY MORTGAGE CORPORATION
|
2
|
6.44%
|
$12,729
|
First Bank
|
2
|
6.13%
|
$7,927
|
V.I.P. MORTGAGE, INC.
|
2
|
7.12%
|
$6,896
|
The Federal Savings Bank
|
2
|
6.69%
|
$11,248
|
STOCKTON MORTGAGE CORPORATION
|
2
|
6.44%
|
$8,981
|
ROYAL UNITED MORTGAGE LLC
|
2
|
7.19%
|
$9,077
|
Century Mortgage Company DBA Century Lending Company
|
2
|
6.69%
|
$14,937
|
Alcova Mortgage LLC
|
2
|
6.56%
|
$9,718
|
BETTER MORTGAGE CORPORATION
|
2
|
5.12%
|
$13,887
|
Renasant Bank
|
2
|
6.25%
|
$8,507
|
Barrington Bank & Trust Company, N.A.
|
2
|
6.50%
|
$8,454
|
MYCUMORTGAGE, LLC
|
1
|
6.63%
|
$8,468
|
AFFORDABLE MORTGAGE ADVISORS, LLC.
|
1
|
6.75%
|
$8,777
|
ALLIANT CREDIT UNION
|
1
|
6.13%
|
$6,254
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
6.63%
|
$9,117
|
American Mortgage & Equity Consultants, Inc.
|
1
|
6.13%
|
$15,128
|
Assurance Financial Group, L.L.C.
|
1
|
7.13%
|
$6,552
|
BAY-VALLEY MORTGAGE GROUP
|
1
|
5.75%
|
$17,375
|
CASTLE & COOKE MORTGAGE, LLC
|
1
|
7.25%
|
$16,441
|
Chickasaw Community Bank
|
1
|
6.00%
|
$9,073
|
CityWorth Mortgage LLC
|
1
|
6.63%
|
$11,215
|
DELMAR FINANCIAL COMPANY
|
1
|
6.63%
|
$9,651
|
DIRECT MORTGAGE LOANS, LLC
|
1
|
6.63%
|
$9,570
|
Encompass Lending Group, LP
|
1
|
7.25%
|
$13,234
|
EVANSVILLE TEACHERS
|
1
|
5.75%
|
$20,095
|
FBC MORTGAGE, LLC
|
1
|
6.75%
|
$8,663
|
FIRST ALLIANCE HOME MORTGAGE, LLC
|
1
|
6.25%
|
$13,351
|
Franklin Loan Corporation
|
1
|
5.75%
|
$19,903
|
Gateway First Bank
|
1
|
6.75%
|
$8,955
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.63%
|
$13,521
|
GVC MORTGAGE, INC.
|
1
|
6.63%
|
$12,381
|
JPMorgan Chase Bank
|
1
|
6.63%
|
$6,986
|
LADERA LENDING, INC.
|
1
|
6.63%
|
$9,061
|
Lakeview Community Capital, LLC
|
1
|
5.75%
|
$14,169
|
LAND HOME FINANCIAL SERVICES, INC.
|
1
|
7.00%
|
$16,363
|
LOANLEADERS OF AMERICA, INC.
|
1
|
7.13%
|
$8,427
|
Loan Simple, Inc.
|
1
|
7.25%
|
$8,840
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
1
|
6.00%
|
$10,203
|
NATION ONE MORTGAGE CORPORATION
|
1
|
6.75%
|
$12,856
|
Nations Lending Corporation
|
1
|
6.75%
|
$13,912
|
NBKC BANK
|
1
|
6.13%
|
$7,161
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
5.63%
|
$14,397
|
NEW DAY FINANCIAL, LLC
|
1
|
7.38%
|
$4,478
|
Northpointe Bank
|
1
|
5.50%
|
$13,781
|
OCMBC, INC.
|
1
|
7.25%
|
$12,359
|
ON Q FINANCIAL, INC.
|
1
|
6.25%
|
$13,985
|
PNC Bank
|
1
|
6.50%
|
$10,170
|
RADIUS FINANCIAL GROUP INC.
|
1
|
6.63%
|
$3,988
|
Regions Bank
|
1
|
5.63%
|
$7,378
|
RESIDENTIAL WHOLESALE MORTGAGE, INC.
|
1
|
6.25%
|
$9,969
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
6.25%
|
$9,482
|
Simmons Bank
|
1
|
5.63%
|
$11,451
|
SIRVA MORTGAGE, INC.
|
1
|
6.00%
|
$5,235
|
Strong Home Mortgage, LLC
|
1
|
6.25%
|
$11,288
|
SUCCESS MORTGAGE PARTNERS, INC.
|
1
|
6.13%
|
$18,080
|
Summit Mortgage Corporation
|
1
|
7.75%
|
$13,657
|
United Community Bank
|
1
|
6.50%
|
$6,818
|
UNITED MORTGAGE CORP
|
1
|
5.88%
|
$20,630
|
Uwharrie Bank
|
1
|
6.63%
|
$8,897
|
The top Winston FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
227 FHA loans originated. Their average total fees are
$10,783, which is $911
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
The lowest fee Winston FHA lenders (with over 10 loans originated) are
U.S. Bank ($6,440), PULTE MORTGAGE LLC ($7,589), DHI MORTGAGE COMPANY, LTD. ($7,739), Truist ($8,809) and MICHIGAN MUTUAL, INC. ($8,939).
The lowest rate Winston FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.05%), INSPIRE HOME LOANS INC. (5.73%), Flagstar Bank, FSB (5.88%), SUMMIT FUNDING, INC. (5.94%) and VANDERBILT MORTGAGE AND FINANCE, INC. (5.96%).
Winston FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
WINSTON-SALEM, NC |
DAVIDSON |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINSTON-SALEM, NC |
DAVIE |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINSTON-SALEM, NC |
FORSYTH |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINSTON-SALEM, NC |
STOKES |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINSTON-SALEM, NC |
YADKIN |
2022 |
$420,680 |
$538,650 |
$651,050 |
$809,150 |
WINSTON-SALEM, NC |
DAVIDSON |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINSTON-SALEM, NC |
DAVIE |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINSTON-SALEM, NC |
FORSYTH |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINSTON-SALEM, NC |
STOKES |
2023 |
$472,030 |
$604,400 |
$730,525 |
$907,900 |
WINSTON-SALEM, NC |
YADKIN |
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).