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 14 lenders originated 37 USDA loans during 2023. The total origination value was $8,565,000, with an average USDA loan value of $231,486.
Winchester USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Winchester
averaged
6.55%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Winchester's average USDA mortgage closing costs are $5,951.
The average rate for the prior week (2024-04-12) was
6.8% and
one month ago for the week of 2024-03-15, the
average rate was 6.49%.
The average rate one year ago was 6.33%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.9%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Integrity Home Mortgage Corp | 15 | 6.48% | $9,398 |
| CBM Mortgage, Inc. | 4 | 6.72% | $8,152 |
| Alcova Mortgage LLC | 3 | 7.50% | $2,856 |
| NVR Mortgage Finance, Inc. | 3 | 5.58% | $14,901 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.86% | $7,001 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.25% | $8,264 |
| MILLENNIUM FINANCIAL GROUP, INC. | 1 | 6.25% | $6,856 |
| GSF Mortgage Corporation | 1 | 6.50% | $9,763 |
| NORWICH COMMERCIAL GROUP, INC. | 1 | 6.13% | $11,124 |
| GUARANTY HOME MORTGAGE CORPORATION | 1 | 6.25% | $6,055 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 5.83% | $5,703 |
| TIDEWATER MORTGAGE SERVICES, INC. | 1 | 6.88% | $7,922 |
| Towne Bank | 1 | 5.75% | $9,616 |
| GUILD MORTGAGE COMPANY | 1 | 6.25% | $7,915 |
The top Winchester USDA lender as defined by loan originations is Integrity Home Mortgage Corp, with
15 USDA loans originated. Their average total fees are
$9,398, which is $1,246
higher than the next largest lender,
CBM Mortgage, Inc..
The lowest fee Winchester USDA lenders (with over 10 loans originated) are
Integrity Home Mortgage Corp ($9,398), .
The lowest rate Winchester USDA lenders (with over 10 loans originated) are
Integrity Home Mortgage Corp (6.48%), .
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 | $280,218 (5.0%) | $311,159 (7.5%) | 0.00 | 494 |
| 2018-02-01 | $289,448 (6.4%) | $317,631 (8.3%) | 0.00 | 504 |
| 2018-03-01 | $294,990 (5.2%) | $320,228 (4.6%) | 0.00 | 548 |
| 2018-04-01 | $299,900 (7.1%) | $326,879 (5.4%) | 0.00 | 596 |
| 2018-05-01 | $299,990 (2.4%) | $331,302 (3.3%) | 0.00 | 640 |
| 2018-06-01 | $299,900 (0.6%) | $325,909 (0.9%) | 0.00 | 690 |
| 2018-07-01 | $298,740 (3.6%) | $322,237 (3.7%) | 0.00 | 729 |
| 2018-08-01 | $290,000 (0.3%) | $317,153 (2.6%) | 0.00 | 740 |
| 2018-09-01 | $279,700 (-2.9%) | $311,605 (-0.4%) | 0.00 | 752 |
| 2018-10-01 | $279,900 (-4.4%) | $316,398 (1.5%) | 0.00 | 729 |
| 2018-11-01 | $287,636 (2.2%) | $319,605 (1.8%) | 0.00 | 726 |
| 2018-12-01 | $289,900 (5.4%) | $320,005 (4.6%) | 0.00 | 662 |
| 2019-01-01 | $289,923 (3.5%) | $318,370 (2.3%) | 0.00 | 565 |
| 2019-02-01 | $297,995 (3.0%) | $323,354 (1.8%) | 0.00 | 568 |
| 2019-03-01 | $299,514 (1.5%) | $328,648 (2.6%) | 0.00 | 598 |
| 2019-04-01 | $299,064 (-0.3%) | $331,937 (1.6%) | 0.00 | 640 |
| 2019-05-01 | $303,493 (1.2%) | $343,242 (3.6%) | 0.00 | 620 |
| 2019-06-01 | $299,250 (-0.2%) | $343,168 (5.3%) | 0.00 | 643 |
| 2019-07-01 | $302,350 (1.2%) | $341,564 (6.0%) | 0.00 | 642 |
| 2019-08-01 | $299,997 (3.5%) | $340,118 (7.2%) | 0.00 | 653 |
| 2019-09-01 | $299,993 (7.3%) | $338,583 (8.7%) | 0.00 | 670 |
| 2019-10-01 | $302,245 (8.0%) | $337,836 (6.8%) | 0.00 | 677 |
| 2019-11-01 | $299,000 (4.0%) | $333,984 (4.5%) | 0.00 | 627 |
| 2019-12-01 | $299,450 (3.3%) | $334,620 (4.6%) | 0.00 | 569 |
| 2020-01-01 | $294,950 (1.7%) | $334,750 (5.1%) | 0.00 | 523 |
| 2020-02-01 | $299,875 (0.6%) | $339,990 (5.1%) | 0.00 | 496 |
| 2020-03-01 | $302,995 (1.2%) | $345,403 (5.1%) | 0.00 | 501 |
| 2020-04-01 | $304,493 (1.8%) | $349,261 (5.2%) | 0.00 | 505 |
| 2020-05-01 | $317,990 (4.8%) | $355,288 (3.5%) | 0.00 | 500 |
| 2020-06-01 | $327,230 (9.4%) | $369,339 (7.6%) | 0.00 | 436 |
| 2020-07-01 | $315,498 (4.4%) | $370,334 (8.4%) | 0.00 | 375 |
| 2020-08-01 | $330,990 (10.3%) | $393,074 (15.6%) | 0.00 | 308 |
| 2020-09-01 | $328,748 (9.6%) | $392,646 (16.0%) | 0.00 | 262 |
| 2020-10-01 | $299,900 (-0.8%) | $387,350 (14.7%) | 0.00 | 252 |
| 2020-11-01 | $299,950 (0.3%) | $400,040 (19.8%) | 0.00 | 240 |
| 2020-12-01 | $309,925 (3.5%) | $408,988 (22.2%) | 0.00 | 206 |
| 2021-01-01 | $329,900 (11.9%) | $408,074 (21.9%) | 0.00 | 171 |
| 2021-02-01 | $333,450 (11.2%) | $407,939 (20.0%) | 0.00 | 142 |
| 2021-03-01 | $369,450 (21.9%) | $415,517 (20.3%) | 0.00 | 162 |
| 2021-04-01 | $372,863 (22.5%) | $410,481 (17.5%) | 0.00 | 198 |
| 2021-05-01 | $389,900 (22.6%) | $414,388 (16.6%) | 0.00 | 207 |
| 2021-06-01 | $389,900 (19.2%) | $428,108 (15.9%) | 0.00 | 241 |
| 2021-07-01 | $379,450 (20.3%) | $432,572 (16.8%) | 0.00 | 269 |
| 2021-08-01 | $392,000 (18.4%) | $438,497 (11.6%) | 0.00 | 275 |
| 2021-09-01 | $366,975 (11.6%) | $417,215 (6.3%) | 0.00 | 292 |
| 2021-10-01 | $359,900 (20.0%) | $423,297 (9.3%) | 0.00 | 273 |
| 2021-11-01 | $359,250 (19.8%) | $426,499 (6.6%) | 0.00 | 251 |
| 2021-12-01 | $377,450 (21.8%) | $433,730 (6.1%) | 0.00 | 220 |
| 2022-01-01 | $410,000 (24.3%) | $457,143 (12.0%) | 0.00 | 150 |
| 2022-02-01 | $398,850 (19.6%) | $451,578 (10.7%) | 0.00 | 138 |
| 2022-03-01 | $378,448 (2.4%) | $436,417 (5.0%) | 0.00 | 159 |
| 2022-04-01 | $387,450 (3.9%) | $462,263 (12.6%) | 0.00 | 174 |
| 2022-05-01 | $427,573 (9.7%) | $482,796 (16.5%) | 0.00 | 218 |
| 2022-06-01 | $434,200 (11.4%) | $488,117 (14.0%) | 0.00 | 264 |
| 2022-07-01 | $425,000 (12.0%) | $479,620 (10.9%) | 0.00 | 309 |
| 2022-08-01 | $407,473 (4.0%) | $465,045 (6.1%) | 0.00 | 334 |
| 2022-09-01 | $411,250 (12.1%) | $467,185 (12.0%) | 0.00 | 339 |
| 2022-10-01 | $409,000 (13.6%) | $456,304 (7.8%) | 0.00 | 341 |
| 2022-11-01 | $392,475 (9.3%) | $448,246 (5.1%) | 0.00 | 326 |
| 2022-12-01 | $404,450 (7.2%) | $452,426 (4.3%) | 0.00 | 293 |
| 2023-01-01 | $419,000 (2.2%) | $457,666 (0.1%) | 0.00 | 271 |
| 2023-02-01 | $426,225 (6.9%) | $464,379 (2.8%) | 0.00 | 248 |
| 2023-03-01 | $419,945 (11.0%) | $456,887 (4.7%) | 0.00 | 239 |
| 2023-04-01 | $422,495 (9.1%) | $476,908 (3.2%) | 0.00 | 231 |
| 2023-05-01 | $438,030 (2.5%) | $486,063 (0.7%) | 0.00 | 242 |
| 2023-06-01 | $444,995 (2.5%) | $483,306 (-1.0%) | 0.00 | 250 |
| 2023-07-01 | $429,900 (1.2%) | $461,991 (-3.7%) | 0.00 | 265 |
| 2023-08-01 | $419,498 (3.0%) | $457,436 (-1.6%) | 0.00 | 283 |
| 2023-09-01 | $420,000 (2.1%) | $466,238 (-0.2%) | 0.00 | 298 |
| 2023-10-01 | $411,979 (0.7%) | $472,451 (3.5%) | 0.00 | 321 |
| 2023-11-01 | $409,400 (4.3%) | $476,591 (6.3%) | 0.00 | 316 |
| 2023-12-01 | $419,900 (3.8%) | $484,186 (7.0%) | 0.00 | 258 |
| 2024-01-01 | $428,225 (2.2%) | $488,604 (6.8%) | 0.00 | 230 |
| 2024-02-01 | $436,950 (2.5%) | $531,831 (14.5%) | 0.00 | 185 |
| 2024-03-01 | $450,000 (7.2%) | $544,019 (19.1%) | 0.00 | 218 |
Winchester's median listing price comes in at 0% of the national average.
Winchester's average listing price for 2024-03-01 was $544,019, a difference of $87,132 (19.1%) versus the prior year and $12,188 versus the prior month.
For the 2024-03-01 period, Winchester had 218 MLS listings, a difference of 33 listings (18%) versus the prior month and -21 listings (-9%) 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 | 2,002 sqft |
| 2018-03-01 | 0 days | 2,060 sqft |
| 2018-04-01 | 0 days | 2,048 sqft |
| 2018-05-01 | 0 days | 2,077 sqft |
| 2018-06-01 | 0 days | 2,140 sqft |
| 2018-07-01 | 0 days | 2,113 sqft |
| 2018-08-01 | 0 days | 2,125 sqft |
| 2018-09-01 | 0 days | 2,100 sqft |
| 2018-10-01 | 0 days | 2,116 sqft |
| 2018-11-01 | 0 days | 2,144 sqft |
| 2018-12-01 | 0 days | 2,103 sqft |
| 2019-01-01 | 0 days | 2,096 sqft |
| 2019-02-01 | 0 days | 2,108 sqft |
| 2019-03-01 | 0 days | 2,138 sqft |
| 2019-04-01 | 0 days | 2,119 sqft |
| 2019-05-01 | 0 days | 2,141 sqft |
| 2019-06-01 | 0 days | 2,100 sqft |
| 2019-07-01 | 0 days | 2,135 sqft |
| 2019-08-01 | 0 days | 2,144 sqft |
| 2019-09-01 | 0 days | 2,135 sqft |
| 2019-10-01 | 0 days | 2,129 sqft |
| 2019-11-01 | 0 days | 2,100 sqft |
| 2019-12-01 | 0 days | 2,090 sqft |
| 2020-01-01 | 0 days | 2,060 sqft |
| 2020-02-01 | 0 days | 2,098 sqft |
| 2020-03-01 | 0 days | 2,109 sqft |
| 2020-04-01 | 0 days | 2,098 sqft |
| 2020-05-01 | 0 days | 2,149 sqft |
| 2020-06-01 | 0 days | 2,126 sqft |
| 2020-07-01 | 0 days | 2,091 sqft |
| 2020-08-01 | 0 days | 2,081 sqft |
| 2020-09-01 | 0 days | 2,008 sqft |
| 2020-10-01 | 0 days | 1,932 sqft |
| 2020-11-01 | 0 days | 1,903 sqft |
| 2020-12-01 | 0 days | 1,883 sqft |
| 2021-01-01 | 0 days | 1,884 sqft |
| 2021-02-01 | 0 days | 1,850 sqft |
| 2021-03-01 | 0 days | 1,937 sqft |
| 2021-04-01 | 0 days | 1,952 sqft |
| 2021-05-01 | 0 days | 2,016 sqft |
| 2021-06-01 | 0 days | 1,986 sqft |
| 2021-07-01 | 0 days | 1,997 sqft |
| 2021-08-01 | 0 days | 2,008 sqft |
| 2021-09-01 | 0 days | 1,985 sqft |
| 2021-10-01 | 0 days | 1,922 sqft |
| 2021-11-01 | 0 days | 1,924 sqft |
| 2021-12-01 | 0 days | 1,928 sqft |
| 2022-01-01 | 0 days | 2,052 sqft |
| 2022-02-01 | 0 days | 2,034 sqft |
| 2022-03-01 | 0 days | 1,965 sqft |
| 2022-04-01 | 0 days | 2,050 sqft |
| 2022-05-01 | 0 days | 2,165 sqft |
| 2022-06-01 | 0 days | 2,212 sqft |
| 2022-07-01 | 0 days | 2,176 sqft |
| 2022-08-01 | 0 days | 2,168 sqft |
| 2022-09-01 | 0 days | 2,155 sqft |
| 2022-10-01 | 0 days | 2,052 sqft |
| 2022-11-01 | 0 days | 2,022 sqft |
| 2022-12-01 | 0 days | 2,042 sqft |
| 2023-01-01 | 0 days | 2,052 sqft |
| 2023-02-01 | 0 days | 2,029 sqft |
| 2023-03-01 | 0 days | 2,052 sqft |
| 2023-04-01 | 0 days | 2,043 sqft |
| 2023-05-01 | 0 days | 2,174 sqft |
| 2023-06-01 | 0 days | 2,214 sqft |
| 2023-07-01 | 0 days | 2,100 sqft |
| 2023-08-01 | 0 days | 2,055 sqft |
| 2023-09-01 | 0 days | 2,052 sqft |
| 2023-10-01 | 0 days | 1,991 sqft |
| 2023-11-01 | 0 days | 2,012 sqft |
| 2023-12-01 | 0 days | 2,031 sqft |
| 2024-01-01 | 0 days | 2,002 sqft |
| 2024-02-01 | 0 days | 2,007 sqft |
| 2024-03-01 | 0 days | 2,064 sqft |
Winchester's median square footage for active listings during the 2024-03-01 period was 2,064 sqft. One year prior, the average listing was 2,052 sqft.