Winchester USDA Loan Rates, Closing Costs & Stats

WINCHESTER, VA-WV

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    • 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.