Winchester USDA Loans

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 5.33% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.51% and one month ago for the week of 2022-04-15, the average rate was 4.91%.

The average rate one year ago was 3.26%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.88%.

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 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. Total Fees
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
MOVEMENT MORTGAGE, LLC 2 3.31% $4,907
HOME POINT FINANCIAL CORPORATION 2 2.94% $4,612
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.19% $9,068
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
Manufacturers and Traders Trust Company 1 3.13% $9,130
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
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%).