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 6.44% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Winchester's average USDA mortgage closing costs are $5,951.

The average rate for the prior week (2024-05-10) was 6.48% and one month ago for the week of 2024-04-12, the average rate was 6.7%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.89%.

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 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
2024-04-01 $450,000 (6.5%) $556,963 (16.8%) 0.00 258
Winchester's median listing price for 2024-04-01 was $450,000, a difference of $27,505 (6.5%) versus the prior year and $0 versus the prior month.

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

Winchester's average listing price for 2024-04-01 was $556,963, a difference of $80,055 (16.8%) versus the prior year and $12,944 versus the prior month.

For the 2024-04-01 period, Winchester had 258 MLS listings, a difference of 40 listings (18%) versus the prior month and 27 listings (12%) 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
2024-04-01 0 days 2,107 sqft
Winchester's median listing age (time on market) for 2024-04-01 was 0 days.

Winchester's median square footage for active listings during the 2024-04-01 period was 2,107 sqft. One year prior, the average listing was 2,043 sqft.