Winchester USDA Loans

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 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%).