Winchester USDA Loan Rates, Closing Costs & Stats

WINCHESTER, VA-WV

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Winchester's 51 lenders originated 182 USDA loans during 2021. The total origination value was $40,750,000, with an average USDA loan value of $223,901.

Winchester USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Winchester averaged 6.55% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Winchester's average USDA mortgage closing costs are $5,646.

The average rate for the prior week (2022-11-25) was 6.49% and one month ago for the week of 2022-10-28, the average rate was 6.96%.

The average rate one year ago was 3.45%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.3%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Winchester USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Winchester level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Integrity Home Mortgage Corp 36 3.00% $6,596
CBM Mortgage, Inc. 21 3.01% $5,747
PRIMELENDING, A PLAINSCAPITAL COMPANY 14 3.09% $6,306
HOMESPIRE MORTGAGE CORPORATION 13 3.12% $6,251
FINANCE OF AMERICA MORTGAGE LLC 12 2.98% $6,230
TIDEWATER MORTGAGE SERVICES, INC. 11 2.98% $4,864
MCLEAN MORTGAGE CORPORATION 10 2.69% $7,413
RESIDENTIAL MORTGAGE SERVICES, INC. 7 2.71% $5,250
Alcova Mortgage LLC 6 2.92% $3,934
Carrington Mortgage Services, LLC 4 3.59% $6,369
UNION HOME MORTGAGE CORP. 3 2.46% $4,057
PENNYMAC LOAN SERVICES, LLC 2 2.69% $6,369
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.19% $9,068
HOME POINT FINANCIAL CORPORATION 2 2.94% $4,612
MOVEMENT MORTGAGE, LLC 2 3.31% $4,907
FIRST HOME MORTGAGE CORPORATION 1 3.13% $6,037
Flagstar Bank, FSB 1 2.38% $8,320
George Mason Mortgage, LLC 1 2.88% $6,258
GSF Mortgage Corporation 1 3.50% $4,288
GUARANTY HOME MORTGAGE CORPORATION 1 2.88% $6,050
GUILD MORTGAGE COMPANY 1 2.88% $6,735
HANCOCK MORTGAGE PARTNERS, LLC 1 2.75% $6,178
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $4,845
HOMESTEAD FUNDING CORP. 1 2.50% $3,390
LOANDEPOT.COM, LLC 1 3.25% $5,574
Meridian Bank Corporation 1 3.13% $5,320
MID AMERICA MORTGAGE, INC. 1 2.63% $6,112
MILLENNIUM FINANCIAL GROUP, INC. 1 2.50% $3,946
M&T Bank 1 3.13% $9,130
NEWREZ LLC 1 2.63% $4,987
NFM, INC. 1 3.00% $5,822
NVR Mortgage Finance, Inc. 1 2.88% $10,799
Presidential Bank, FSB 1 2.88% $6,542
Sierra Pacific Mortgage Company, Inc. 1 2.75% $7,073
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $6,539
Vellum Mortgage, Inc. 1 3.00% $7,051
Wells Fargo Bank 1 3.38% $481
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $4,708
AMERICAN FINANCIAL RESOURCES, INC. 1 3.75% $5,264
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $5,033
Austin Capital Bank SSB 1 3.13% $5,408
Bank of England 1 2.50% $5,626
Blue Ridge Bank 1 2.88% $3,993
CALIBER HOME LOANS, INC. 1 2.75% $5,836
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.63% $5,275
C & F Mortgage Corporation 1 2.25% $4,908
Clear Mountain Bank 1 2.25% $5,305
CROSSCOUNTRY MORTGAGE, LLC 1 2.75% $2,964
EMBRACE HOME LOANS, INC. 1 3.00% $6,206
Equity Prime Mortgage LLC 1 2.75% $6,480
First Heritage Mortgage, LLC 1 2.75% $8,324

The top Winchester USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with 36 USDA loans originated. Their average total fees are $6,596, which is $848 higher than the next largest lender, CBM Mortgage, Inc..

The lowest fee Winchester USDA lenders (with over 10 loans originated) are TIDEWATER MORTGAGE SERVICES, INC. ($4,864), CBM Mortgage, Inc. ($5,747), FINANCE OF AMERICA MORTGAGE LLC ($6,230), HOMESPIRE MORTGAGE CORPORATION ($6,251) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,306).

The lowest rate Winchester USDA lenders (with over 10 loans originated) are MCLEAN MORTGAGE CORPORATION (2.69%), TIDEWATER MORTGAGE SERVICES, INC. (2.98%), FINANCE OF AMERICA MORTGAGE LLC (2.98%), Integrity Home Mortgage Corp (3.00%) and CBM Mortgage, Inc. (3.01%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Winchester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $277,500 (4.0%) $310,842 (7.2%) 0.00 489
2018-02-01 $286,998 (6.3%) $317,718 (8.1%) 0.00 500
2018-03-01 $294,740 (5.3%) $320,325 (4.4%) 0.00 544
2018-04-01 $299,450 (7.0%) $327,013 (5.3%) 0.00 592
2018-05-01 $299,998 (1.7%) $331,595 (3.3%) 0.00 637
2018-06-01 $299,900 (0.8%) $326,005 (1.0%) 0.00 687
2018-07-01 $297,949 (3.3%) $322,321 (3.6%) 0.00 727
2018-08-01 $289,945 (0.4%) $317,221 (2.6%) 0.00 738
2018-09-01 $276,000 (-4.2%) $311,643 (-0.5%) 0.00 749
2018-10-01 $279,450 (-4.3%) $316,466 (1.5%) 0.00 726
2018-11-01 $285,995 (2.2%) $319,708 (1.9%) 0.00 723
2018-12-01 $288,342 (4.9%) $319,764 (4.6%) 0.00 658
2019-01-01 $289,700 (4.4%) $318,089 (2.3%) 0.00 561
2019-02-01 $296,450 (3.3%) $323,098 (1.7%) 0.00 564
2019-03-01 $298,867 (1.4%) $328,432 (2.5%) 0.00 595
2019-04-01 $297,662 (-0.6%) $331,796 (1.5%) 0.00 637
2019-05-01 $302,695 (0.9%) $343,133 (3.5%) 0.00 617
2019-06-01 $299,000 (-0.3%) $343,056 (5.2%) 0.00 639
2019-07-01 $300,997 (1.0%) $341,885 (6.1%) 0.00 638
2019-08-01 $299,969 (3.5%) $340,372 (7.3%) 0.00 649
2019-09-01 $299,930 (8.7%) $338,744 (8.7%) 0.00 665
2019-10-01 $300,702 (7.6%) $337,936 (6.8%) 0.00 672
2019-11-01 $298,345 (4.3%) $333,625 (4.4%) 0.00 623
2019-12-01 $298,945 (3.7%) $334,921 (4.7%) 0.00 565
2020-01-01 $293,990 (1.5%) $335,095 (5.4%) 0.00 520
2020-02-01 $298,500 (0.7%) $340,104 (5.3%) 0.00 492
2020-03-01 $302,245 (1.1%) $345,401 (5.2%) 0.00 499
2020-04-01 $302,243 (1.5%) $349,274 (5.3%) 0.00 503
2020-05-01 $318,490 (5.2%) $355,322 (3.6%) 0.00 497
2020-06-01 $329,495 (10.2%) $371,157 (8.2%) 0.00 431
2020-07-01 $314,995 (4.7%) $372,458 (8.9%) 0.00 367
2020-08-01 $334,990 (11.7%) $395,870 (16.3%) 0.00 302
2020-09-01 $329,898 (10.0%) $395,167 (16.7%) 0.00 258
2020-10-01 $299,900 (-0.3%) $392,070 (16.0%) 0.00 246
2020-11-01 $299,900 (0.5%) $404,702 (21.3%) 0.00 233
2020-12-01 $309,900 (3.7%) $413,601 (23.5%) 0.00 199
2021-01-01 $328,950 (11.9%) $413,721 (23.5%) 0.00 168
2021-02-01 $335,925 (12.5%) $412,112 (21.2%) 0.00 139
2021-03-01 $369,450 (22.2%) $419,782 (21.5%) 0.00 160
2021-04-01 $374,900 (24.0%) $413,927 (18.5%) 0.00 196
2021-05-01 $389,900 (22.4%) $415,506 (16.9%) 0.00 206
2021-06-01 $389,900 (18.3%) $425,734 (14.7%) 0.00 238
2021-07-01 $379,900 (20.6%) $429,969 (15.4%) 0.00 267
2021-08-01 $392,000 (17.0%) $435,023 (9.9%) 0.00 273
2021-09-01 $367,000 (11.3%) $413,874 (4.7%) 0.00 291
2021-10-01 $359,900 (20.0%) $419,730 (7.1%) 0.00 272
2021-11-01 $361,000 (20.4%) $422,324 (4.4%) 0.00 249
2021-12-01 $377,450 (21.8%) $427,943 (3.5%) 0.00 218
2022-01-01 $405,000 (23.1%) $447,062 (8.1%) 0.00 149
2022-02-01 $397,625 (18.4%) $441,423 (7.1%) 0.00 138
2022-03-01 $378,923 (2.6%) $436,750 (4.0%) 0.00 160
2022-04-01 $387,450 (3.4%) $462,203 (11.7%) 0.00 176
2022-05-01 $427,750 (9.7%) $482,452 (16.1%) 0.00 219
2022-06-01 $432,450 (10.9%) $487,571 (14.5%) 0.00 265
2022-07-01 $425,000 (11.9%) $479,678 (11.6%) 0.00 310
2022-08-01 $407,495 (4.0%) $465,315 (7.0%) 0.00 334
2022-09-01 $414,750 (13.0%) $467,715 (13.0%) 0.00 340
2022-10-01 $409,000 (13.6%) $456,418 (8.7%) 0.00 342
2022-11-01 $393,475 (9.0%) $448,326 (6.2%) 0.00 327
Winchester's median listing price for 2022-11-01 was $393,475, a difference of $32,475 (9.0%) versus the prior year and $-15,525 versus the prior month.

Winchester's median listing price comes in at 0% of the national average.

Winchester's average listing price for 2022-11-01 was $448,326, a difference of $26,002 (6.2%) versus the prior year and $-8,092 versus the prior month.

For the 2022-11-01 period, Winchester had 327 MLS listings, a difference of -15 listings (-4%) versus the prior month and 78 listings (31%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Winchester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,969 sqft
2018-02-01 0 days 2,003 sqft
2018-03-01 0 days 2,071 sqft
2018-04-01 0 days 2,049 sqft
2018-05-01 0 days 2,089 sqft
2018-06-01 0 days 2,149 sqft
2018-07-01 0 days 2,113 sqft
2018-08-01 0 days 2,130 sqft
2018-09-01 0 days 2,103 sqft
2018-10-01 0 days 2,121 sqft
2018-11-01 0 days 2,145 sqft
2018-12-01 0 days 2,104 sqft
2019-01-01 0 days 2,101 sqft
2019-02-01 0 days 2,122 sqft
2019-03-01 0 days 2,146 sqft
2019-04-01 0 days 2,129 sqft
2019-05-01 0 days 2,146 sqft
2019-06-01 0 days 2,104 sqft
2019-07-01 0 days 2,148 sqft
2019-08-01 0 days 2,147 sqft
2019-09-01 0 days 2,141 sqft
2019-10-01 0 days 2,137 sqft
2019-11-01 0 days 2,100 sqft
2019-12-01 0 days 2,103 sqft
2020-01-01 0 days 2,072 sqft
2020-02-01 0 days 2,100 sqft
2020-03-01 0 days 2,114 sqft
2020-04-01 0 days 2,100 sqft
2020-05-01 0 days 2,150 sqft
2020-06-01 0 days 2,145 sqft
2020-07-01 0 days 2,105 sqft
2020-08-01 0 days 2,104 sqft
2020-09-01 0 days 2,038 sqft
2020-10-01 0 days 1,984 sqft
2020-11-01 0 days 1,938 sqft
2020-12-01 0 days 1,915 sqft
2021-01-01 0 days 1,948 sqft
2021-02-01 0 days 1,859 sqft
2021-03-01 0 days 1,951 sqft
2021-04-01 0 days 1,968 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 1,992 sqft
2021-07-01 0 days 1,997 sqft
2021-08-01 0 days 2,008 sqft
2021-09-01 0 days 1,986 sqft
2021-10-01 0 days 1,922 sqft
2021-11-01 0 days 1,923 sqft
2021-12-01 0 days 1,916 sqft
2022-01-01 0 days 2,000 sqft
2022-02-01 0 days 2,029 sqft
2022-03-01 0 days 1,970 sqft
2022-04-01 0 days 2,052 sqft
2022-05-01 0 days 2,165 sqft
2022-06-01 0 days 2,204 sqft
2022-07-01 0 days 2,176 sqft
2022-08-01 0 days 2,170 sqft
2022-09-01 0 days 2,158 sqft
2022-10-01 0 days 2,052 sqft
2022-11-01 0 days 2,021 sqft
Winchester's median listing age (time on market) for 2022-11-01 was 0 days.

Winchester's median square footage for active listings during the 2022-11-01 period was 2,021 sqft. One year prior, the average listing was 1,923 sqft.