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 149 lenders originated 2,078 FHA loans during 2023. The total origination value was $481,180,000, with an average FHA loan value of $231,559.
Winston FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Winston
averaged
5.81%
for the week of 2024-10-04, compared to the national average (all FHA variants) of
5.885% for the same period.
Winston's average FHA mortgage closing costs are $7,197.
The average rate for the prior week (2024-09-27) was
5.5% and
one month ago for the week of 2024-08-30, the
average rate was 5.76%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.83%.
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.
The top Winston FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
273 FHA loans originated. Their average total fees are
$10,042, which is $930
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
DHI MORTGAGE COMPANY, LTD. ($7,446), Truist ($7,859), PULTE MORTGAGE LLC ($8,419), Ameris Bank ($8,573) and INSPIRE HOME LOANS INC. ($8,647).
The lowest rate Winston FHA lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC (5.21%), DHI MORTGAGE COMPANY, LTD. (5.39%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.72%), INSPIRE HOME LOANS INC. (6.00%) and Mr. Cooper ( Nationstar Mortgage ) (6.02%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Winston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $204,150 (10.4%) | $301,976 (14.5%) | 0.76 | 2,077 |
2018-02-01 | $218,675 (17.1%) | $312,575 (16.3%) | 0.79 | 2,037 |
2018-03-01 | $228,118 (18.2%) | $314,482 (13.3%) | 0.80 | 2,107 |
2018-04-01 | $233,009 (17.2%) | $318,006 (11.9%) | 0.79 | 2,161 |
2018-05-01 | $239,371 (18.5%) | $319,988 (11.1%) | 0.80 | 2,233 |
2018-06-01 | $240,000 (18.6%) | $319,048 (10.7%) | 0.80 | 2,275 |
2018-07-01 | $243,950 (19.1%) | $316,025 (7.4%) | 0.81 | 2,351 |
2018-08-01 | $238,923 (19.5%) | $305,813 (3.5%) | 0.80 | 2,154 |
2018-09-01 | $239,000 (19.6%) | $305,604 (4.2%) | 0.80 | 2,179 |
2018-10-01 | $239,900 (17.8%) | $304,662 (1.8%) | 0.81 | 2,167 |
2018-11-01 | $232,400 (12.0%) | $298,707 (-1.1%) | 0.79 | 2,106 |
2018-12-01 | $229,900 (15.0%) | $297,114 (-0.3%) | 0.79 | 1,892 |
2019-01-01 | $234,900 (15.1%) | $300,710 (-0.4%) | 0.81 | 1,764 |
2019-02-01 | $242,730 (11.0%) | $311,317 (-0.4%) | 0.82 | 1,699 |
2019-03-01 | $255,471 (12.0%) | $322,534 (2.6%) | 0.84 | 1,755 |
2019-04-01 | $267,950 (15.0%) | $333,948 (5.0%) | 0.85 | 1,793 |
2019-05-01 | $273,825 (14.4%) | $339,026 (6.0%) | 0.86 | 1,856 |
2019-06-01 | $275,000 (14.6%) | $343,994 (7.8%) | 0.86 | 1,866 |
2019-07-01 | $275,588 (13.0%) | $345,941 (9.5%) | 0.86 | 1,843 |
2019-08-01 | $277,444 (16.1%) | $345,619 (13.0%) | 0.88 | 1,862 |
2019-09-01 | $275,110 (15.1%) | $345,198 (13.0%) | 0.88 | 1,896 |
2019-10-01 | $274,407 (14.4%) | $347,791 (14.2%) | 0.89 | 1,899 |
2019-11-01 | $274,900 (18.3%) | $349,504 (17.0%) | 0.90 | 1,785 |
2019-12-01 | $270,000 (17.4%) | $346,730 (16.7%) | 0.90 | 1,625 |
2020-01-01 | $269,950 (14.9%) | $348,500 (15.9%) | 0.90 | 1,526 |
2020-02-01 | $289,990 (19.5%) | $368,872 (18.5%) | 0.95 | 1,416 |
2020-03-01 | $288,678 (13.0%) | $366,811 (13.7%) | 0.90 | 1,438 |
2020-04-01 | $283,881 (6.0%) | $365,810 (9.5%) | 0.89 | 1,521 |
2020-05-01 | $299,900 (9.5%) | $381,858 (12.6%) | 0.91 | 1,367 |
2020-06-01 | $301,359 (9.6%) | $391,174 (13.7%) | 0.89 | 1,235 |
2020-07-01 | $309,500 (12.3%) | $399,454 (15.5%) | 0.90 | 1,114 |
2020-08-01 | $303,390 (9.4%) | $387,190 (12.0%) | 0.87 | 1,057 |
2020-09-01 | $299,200 (8.8%) | $371,559 (7.6%) | 0.86 | 1,083 |
2020-10-01 | $299,900 (9.3%) | $376,131 (8.2%) | 0.86 | 1,065 |
2020-11-01 | $279,448 (1.7%) | $352,933 (1.0%) | 0.82 | 979 |
2020-12-01 | $269,450 (-0.2%) | $353,106 (1.8%) | 0.80 | 890 |
2021-01-01 | $271,445 (0.6%) | $351,824 (1.0%) | 0.81 | 784 |
2021-02-01 | $279,975 (-3.5%) | $362,784 (-1.7%) | 0.82 | 680 |
2021-03-01 | $282,370 (-2.2%) | $380,519 (3.7%) | 0.80 | 652 |
2021-04-01 | $277,741 (-2.2%) | $376,873 (3.0%) | 0.75 | 642 |
2021-05-01 | $265,000 (-11.6%) | $355,587 (-6.9%) | 0.70 | 655 |
2021-06-01 | $267,450 (-11.3%) | $354,478 (-9.4%) | 0.70 | 726 |
2021-07-01 | $274,317 (-11.4%) | $350,241 (-12.3%) | 0.72 | 771 |
2021-08-01 | $267,400 (-11.9%) | $341,469 (-11.8%) | 0.71 | 818 |
2021-09-01 | $267,900 (-10.5%) | $340,921 (-8.3%) | 0.71 | 887 |
2021-10-01 | $269,900 (-10.0%) | $346,703 (-7.8%) | 0.72 | 895 |
2021-11-01 | $275,000 (-1.6%) | $345,773 (-2.0%) | 0.74 | 840 |
2021-12-01 | $269,448 (0.0%) | $341,111 (-3.4%) | 0.73 | 701 |
2022-01-01 | $290,328 (7.0%) | $368,879 (4.9%) | 0.78 | 571 |
2022-02-01 | $293,995 (5.0%) | $373,396 (2.9%) | 0.76 | 533 |
2022-03-01 | $287,450 (1.8%) | $367,860 (-3.3%) | 0.72 | 570 |
2022-04-01 | $299,900 (8.0%) | $372,557 (-1.2%) | 0.71 | 604 |
2022-05-01 | $303,984 (14.7%) | $375,745 (5.7%) | 0.69 | 762 |
2022-06-01 | $317,475 (18.7%) | $382,925 (8.0%) | 0.71 | 838 |
2022-07-01 | $320,000 (16.7%) | $380,434 (8.6%) | 0.72 | 937 |
2022-08-01 | $320,493 (19.9%) | $368,682 (8.0%) | 0.74 | 1,016 |
2022-09-01 | $315,000 (17.6%) | $368,033 (8.0%) | 0.74 | 1,011 |
2022-10-01 | $320,000 (18.6%) | $374,143 (7.9%) | 0.75 | 1,091 |
2022-11-01 | $320,200 (16.4%) | $374,202 (8.2%) | 0.77 | 1,087 |
2022-12-01 | $319,997 (18.8%) | $378,199 (10.9%) | 0.79 | 1,037 |
2023-01-01 | $325,000 (11.9%) | $379,661 (2.9%) | 0.81 | 971 |
2023-02-01 | $329,787 (12.2%) | $382,763 (2.5%) | 0.80 | 960 |
2023-03-01 | $332,882 (15.8%) | $382,988 (4.1%) | 0.79 | 904 |
2023-04-01 | $339,900 (13.3%) | $400,796 (7.6%) | 0.79 | 899 |
2023-05-01 | $345,899 (13.8%) | $406,287 (8.1%) | 0.78 | 873 |
2023-06-01 | $340,659 (7.3%) | $419,543 (9.6%) | 0.77 | 888 |
2023-07-01 | $340,000 (6.3%) | $428,936 (12.8%) | 0.77 | 895 |
2023-08-01 | $339,898 (6.1%) | $427,265 (15.9%) | 0.78 | 960 |
2023-09-01 | $331,508 (5.2%) | $415,131 (12.8%) | 0.77 | 1,042 |
2023-10-01 | $335,000 (4.7%) | $413,178 (10.4%) | 0.79 | 1,099 |
2023-11-01 | $334,950 (4.6%) | $405,060 (8.3%) | 0.80 | 1,180 |
2023-12-01 | $329,995 (3.1%) | $397,435 (5.1%) | 0.80 | 1,181 |
2024-01-01 | $335,000 (3.1%) | $398,574 (5.0%) | 0.82 | 1,079 |
2024-02-01 | $329,325 (-0.1%) | $394,296 (3.0%) | 0.79 | 1,061 |
2024-03-01 | $335,000 (0.6%) | $407,946 (6.5%) | 0.79 | 1,096 |
2024-04-01 | $337,450 (-0.7%) | $416,221 (3.9%) | 0.78 | 1,142 |
2024-05-01 | $357,945 (3.5%) | $432,797 (6.5%) | 0.81 | 1,167 |
2024-06-01 | $364,995 (7.1%) | $426,961 (1.8%) | 0.82 | 1,215 |
2024-07-01 | $349,950 (2.9%) | $420,590 (-2.0%) | 0.80 | 1,304 |
2024-08-01 | $349,900 (2.9%) | $421,277 (-1.4%) | 0.81 | 1,347 |
2024-09-01 | $348,700 (5.2%) | $419,334 (1.0%) | 0.00 | 1,456 |
Winston's median listing price comes in at 0% of the national average.
Winston's average listing price for 2024-09-01 was $419,334, a difference of $4,203 (1.0%) versus the prior year and $-1,943 versus the prior month.
For the 2024-09-01 period, Winston had 1,456 MLS listings, a difference of 109 listings (8%) versus the prior month and 414 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Winston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 92 days | 2,053 sqft |
2018-02-01 | 86 days | 2,112 sqft |
2018-03-01 | 60 days | 2,141 sqft |
2018-04-01 | 59 days | 2,170 sqft |
2018-05-01 | 58 days | 2,204 sqft |
2018-06-01 | 58 days | 2,222 sqft |
2018-07-01 | 66 days | 2,250 sqft |
2018-08-01 | 65 days | 2,216 sqft |
2018-09-01 | 65 days | 2,209 sqft |
2018-10-01 | 70 days | 2,175 sqft |
2018-11-01 | 75 days | 2,108 sqft |
2018-12-01 | 85 days | 2,079 sqft |
2019-01-01 | 94 days | 2,084 sqft |
2019-02-01 | 92 days | 2,137 sqft |
2019-03-01 | 71 days | 2,155 sqft |
2019-04-01 | 54 days | 2,135 sqft |
2019-05-01 | 52 days | 2,079 sqft |
2019-06-01 | 58 days | 2,296 sqft |
2019-07-01 | 64 days | 2,245 sqft |
2019-08-01 | 64 days | 2,250 sqft |
2019-09-01 | 61 days | 2,250 sqft |
2019-10-01 | 59 days | 2,256 sqft |
2019-11-01 | 65 days | 2,250 sqft |
2019-12-01 | 76 days | 2,208 sqft |
2020-01-01 | 80 days | 2,148 sqft |
2020-02-01 | 79 days | 2,114 sqft |
2020-03-01 | 52 days | 2,107 sqft |
2020-04-01 | 50 days | 2,294 sqft |
2020-05-01 | 64 days | 2,524 sqft |
2020-06-01 | 69 days | 2,590 sqft |
2020-07-01 | 57 days | 2,702 sqft |
2020-08-01 | 51 days | 2,518 sqft |
2020-09-01 | 41 days | 2,535 sqft |
2020-10-01 | 46 days | 2,482 sqft |
2020-11-01 | 63 days | 2,386 sqft |
2020-12-01 | 79 days | 1,925 sqft |
2021-01-01 | 78 days | 2,008 sqft |
2021-02-01 | 73 days | 1,998 sqft |
2021-03-01 | 45 days | 2,104 sqft |
2021-04-01 | 45 days | 1,847 sqft |
2021-05-01 | 51 days | 1,924 sqft |
2021-06-01 | 44 days | 1,827 sqft |
2021-07-01 | 46 days | 1,840 sqft |
2021-08-01 | 37 days | 1,892 sqft |
2021-09-01 | 36 days | 1,892 sqft |
2021-10-01 | 38 days | 1,893 sqft |
2021-11-01 | 45 days | 1,891 sqft |
2021-12-01 | 52 days | 1,795 sqft |
2022-01-01 | 57 days | 1,808 sqft |
2022-02-01 | 48 days | 1,777 sqft |
2022-03-01 | 32 days | 1,936 sqft |
2022-04-01 | 35 days | 1,986 sqft |
2022-05-01 | 35 days | 1,994 sqft |
2022-06-01 | 37 days | 2,081 sqft |
2022-07-01 | 39 days | 2,117 sqft |
2022-08-01 | 43 days | 1,993 sqft |
2022-09-01 | 45 days | 1,982 sqft |
2022-10-01 | 44 days | 2,104 sqft |
2022-11-01 | 51 days | 2,110 sqft |
2022-12-01 | 58 days | 2,108 sqft |
2023-01-01 | 63 days | 2,167 sqft |
2023-02-01 | 48 days | 2,194 sqft |
2023-03-01 | 45 days | 2,178 sqft |
2023-04-01 | 40 days | 2,192 sqft |
2023-05-01 | 46 days | 2,157 sqft |
2023-06-01 | 44 days | 2,164 sqft |
2023-07-01 | 43 days | 2,083 sqft |
2023-08-01 | 42 days | 2,124 sqft |
2023-09-01 | 42 days | 2,083 sqft |
2023-10-01 | 42 days | 2,083 sqft |
2023-11-01 | 44 days | 2,049 sqft |
2023-12-01 | 51 days | 2,006 sqft |
2024-01-01 | 60 days | 1,977 sqft |
2024-02-01 | 48 days | 1,932 sqft |
2024-03-01 | 44 days | 1,774 sqft |
2024-04-01 | 43 days | 1,789 sqft |
2024-05-01 | 41 days | 1,847 sqft |
2024-06-01 | 42 days | 2,008 sqft |
2024-07-01 | 46 days | 2,677 sqft |
2024-08-01 | 47 days | 2,800 sqft |
2024-09-01 | 0 days | 1,768 sqft |
Winston's median square footage for active listings during the 2024-09-01 period was 1,768 sqft. One year prior, the average listing was 2,083 sqft.