Winston USDA Loans

WINSTON-SALEM, NC

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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.

    Winston's 69 lenders originated 315 USDA loans during 2021. The total origination value was $58,605,000, with an average USDA loan value of $186,048.

    Winston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Winston averaged 5.37% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.3% and one month ago for the week of 2022-04-08, the average rate was 4.96%.

    The average rate one year ago was 3.28%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.23%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Winston 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 Winston level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 49 3.29% $6,325
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 47 3.10% $5,844
    MOVEMENT MORTGAGE, LLC 24 2.88% $5,117
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 20 3.32% $6,901
    CERTAINTY HOME LOANS, LLC 13 3.06% $6,753
    HOMESIDE FINANCIAL, LLC 9 3.12% $5,481
    PENNYMAC LOAN SERVICES, LLC 8 2.94% $4,852
    MID AMERICA MORTGAGE, INC. 7 2.87% $2,740
    Ameris Bank 7 3.04% $5,952
    GUARANTEED RATE, INC. 7 2.86% $5,544
    DHI MORTGAGE COMPANY, LTD. 6 2.77% $4,633
    Hometown Lenders, Inc. 5 3.50% $8,919
    Truist Bank 5 2.73% $4,543
    Blue Ridge Bank 5 3.15% $4,675
    AMERIFIRST FINANCIAL CORPORATION 5 3.25% $6,269
    First National Bank of Pennsylvania 4 2.53% $4,857
    American Security Mortgage Corp. 4 2.84% $5,926
    Allen Tate Mortgage Partners, LLC 4 2.88% $4,932
    Renasant Bank 4 2.84% $5,174
    UNION HOME MORTGAGE CORP. 3 2.58% $6,610
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 2.71% $4,818
    CALIBER HOME LOANS, INC. 3 3.00% $5,589
    Flagstar Bank, FSB 2 2.69% $4,438
    GoPrime Mortgage, Inc. 2 3.06% $4,666
    The Fidelity Bank 2 2.88% $4,341
    CROSSCOUNTRY MORTGAGE, LLC 2 3.31% $5,181
    NEWREZ LLC 2 2.50% $4,160
    Alcova Mortgage LLC 2 2.88% $4,287
    BROKER SOLUTIONS, INC. 2 2.94% $4,098
    HAMILTON HOME LOANS, INC. 2 3.31% $7,065
    NATIONS DIRECT MORTGAGE, LLC 2 3.25% $6,861
    HOME POINT FINANCIAL CORPORATION 2 2.63% $7,320
    MORTGAGE FINANCIAL GROUP, INC. 2 3.06% $6,035
    HOMESPIRE MORTGAGE CORPORATION 2 3.13% $4,713
    MCLEAN MORTGAGE CORPORATION 2 2.75% $5,787
    HomeTrust Bank 2 2.25% $4,132
    RESIDENTIAL MORTGAGE SERVICES, INC. 2 2.50% $4,191
    Carrington Mortgage Services, LLC 2 2.88% $4,056
    First-Citizens Bank & Trust Company 2 2.56% $6,767
    SIGNATURE MORTGAGE CORPORATION 2 3.38% $5,326
    Wolfe Financial, Inc 1 2.63% $5,009
    Alpha Mortgage Corporation 1 3.25% $4,761
    AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $7,363
    Bank of England 1 3.38% $6,181
    CMG MORTGAGE, INC. 1 2.75% $5,643
    Colten Mortgage, LLC 1 3.25% $3,731
    First Bank 1 2.25% $5,136
    First Federal Bank 1 3.13% $4,682
    First Guaranty Mortgage Corporation 1 2.75% $5,221
    First Horizon Bank 1 2.75% $5,349
    GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $4,787
    GUILD MORTGAGE COMPANY 1 3.13% $6,730
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.38% $5,384
    INSPIRE HOME LOANS INC. 1 3.63% $5,017
    InterContinental Capital Group, Inc 1 3.25% $6,878
    LAKEVIEW LOAN SERVICING, LLC 1 3.38% $2,303
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.38% $7,345
    NFM, INC. 1 3.63% $7,636
    OPEN MORTGAGE, LLC 1 3.25% $3,575
    OVM FINANCIAL, INC. 1 3.50% $5,954
    PLAZA HOME MORTGAGE, INC. 1 2.75% $6,555
    PNC Bank 1 3.00% $6,155
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.88% $4,112
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $6,277
    RAPID MORTGAGE COMPANY 1 3.00% $8,043
    ROSS MORTGAGE CORPORATION 1 3.25% $5,443
    SUMMIT FUNDING, INC. 1 3.00% $6,225
    T2 FINANCIAL LLC 1 3.25% $5,931
    TJC Mortgage, Inc. 1 3.00% $5,025

    The top Winston USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 49 USDA loans originated. Their average total fees are $6,325, which is $481 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Winston USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($5,117), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,844), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,325), CERTAINTY HOME LOANS, LLC ($6,753) and CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP ($6,901).

    The lowest rate Winston USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (2.88%), CERTAINTY HOME LOANS, LLC (3.06%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.10%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (3.29%) and CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP (3.32%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Winston (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 $207,250 (10.3%) $304,390 (12.4%) 0.76 2,124
    2018-02-01 $222,400 (17.2%) $314,575 (13.9%) 0.80 2,085
    2018-03-01 $229,900 (17.3%) $318,136 (12.5%) 0.80 2,147
    2018-04-01 $234,450 (17.8%) $322,228 (12.6%) 0.79 2,206
    2018-05-01 $239,950 (15.5%) $324,832 (11.8%) 0.80 2,279
    2018-06-01 $242,500 (14.2%) $323,125 (10.5%) 0.81 2,323
    2018-07-01 $244,900 (14.2%) $320,947 (7.6%) 0.82 2,401
    2018-08-01 $241,448 (14.3%) $311,559 (3.7%) 0.81 2,209
    2018-09-01 $239,900 (17.0%) $311,401 (4.5%) 0.80 2,229
    2018-10-01 $239,250 (14.0%) $309,712 (2.2%) 0.80 2,227
    2018-11-01 $230,603 (10.1%) $302,180 (-0.5%) 0.77 2,159
    2018-12-01 $229,900 (15.0%) $301,697 (0.3%) 0.79 1,943
    2019-01-01 $234,900 (13.3%) $306,210 (0.6%) 0.81 1,802
    2019-02-01 $241,945 (8.8%) $316,058 (0.5%) 0.81 1,738
    2019-03-01 $255,939 (11.3%) $329,787 (3.7%) 0.83 1,790
    2019-04-01 $269,445 (14.9%) $343,080 (6.5%) 0.85 1,817
    2019-05-01 $274,700 (14.5%) $346,400 (6.6%) 0.85 1,886
    2019-06-01 $279,000 (15.1%) $352,538 (9.1%) 0.86 1,892
    2019-07-01 $279,450 (14.1%) $354,031 (10.3%) 0.87 1,885
    2019-08-01 $277,857 (15.1%) $352,204 (13.1%) 0.87 1,872
    2019-09-01 $277,807 (15.8%) $349,969 (12.4%) 0.88 1,877
    2019-10-01 $282,450 (18.1%) $356,454 (15.1%) 0.90 1,926
    2019-11-01 $279,000 (21.0%) $356,840 (18.1%) 0.90 1,841
    2019-12-01 $275,495 (19.8%) $354,979 (17.7%) 0.92 1,677
    2020-01-01 $274,495 (16.9%) $356,852 (16.5%) 0.92 1,584
    2020-02-01 $295,000 (21.9%) $378,755 (19.8%) 0.95 1,457
    2020-03-01 $297,400 (16.2%) $379,112 (15.0%) 0.93 1,463
    2020-04-01 $289,900 (7.6%) $376,137 (9.6%) 0.90 1,541
    2020-05-01 $302,760 (10.2%) $395,667 (14.2%) 0.92 1,389
    2020-06-01 $307,445 (10.2%) $402,987 (14.3%) 0.90 1,246
    2020-07-01 $315,000 (12.7%) $412,790 (16.6%) 0.90 1,121
    2020-08-01 $309,400 (11.4%) $396,670 (12.6%) 0.88 1,028
    2020-09-01 $300,813 (8.3%) $378,915 (8.3%) 0.86 1,017
    2020-10-01 $304,780 (7.9%) $383,675 (7.6%) 0.87 995
    2020-11-01 $293,950 (5.4%) $377,912 (5.9%) 0.84 923
    2020-12-01 $288,450 (4.7%) $384,499 (8.3%) 0.85 832
    2021-01-01 $291,990 (6.4%) $379,671 (6.4%) 0.86 741
    2021-02-01 $296,148 (0.4%) $390,451 (3.1%) 0.85 630
    2021-03-01 $284,208 (-4.4%) $393,881 (3.9%) 0.80 586
    2021-04-01 $281,973 (-2.7%) $398,060 (5.8%) 0.76 571
    2021-05-01 $266,990 (-11.8%) $381,273 (-3.6%) 0.70 580
    2021-06-01 $272,250 (-11.5%) $377,758 (-6.3%) 0.71 649
    2021-07-01 $278,500 (-11.6%) $371,874 (-9.9%) 0.72 701
    2021-08-01 $270,950 (-12.4%) $358,584 (-9.6%) 0.71 782
    2021-09-01 $272,400 (-9.5%) $355,799 (-6.1%) 0.72 829
    2021-10-01 $274,999 (-9.8%) $351,624 (-8.4%) 0.72 830
    2021-11-01 $279,950 (-4.8%) $356,278 (-5.7%) 0.74 756
    2021-12-01 $272,500 (-5.5%) $349,210 (-9.2%) 0.73 612
    2022-01-01 $295,000 (1.0%) $379,103 (-0.2%) 0.79 486
    2022-02-01 $294,115 (-0.7%) $372,976 (-4.5%) 0.75 433
    2022-03-01 $291,700 (2.6%) $373,602 (-5.2%) 0.72 427
    2022-04-01 $298,490 (5.9%) $375,388 (-5.7%) 0.70 439
    Winston's median listing price for 2022-04-01 was $298,490, a difference of $16,517 (5.9%) versus the prior year and $6,790 versus the prior month.

    Winston's median listing price comes in at 70% of the national average.

    Winston's average listing price for 2022-04-01 was $375,388, a difference of $-22,672 (-5.7%) versus the prior year and $1,786 versus the prior month.

    For the 2022-04-01 period, Winston had 439 MLS listings, a difference of 12 listings (3%) versus the prior month and -132 listings (-23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Winston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 2,158 sqft
    2018-02-01 99 days 2,125 sqft
    2018-03-01 72 days 2,140 sqft
    2018-04-01 68 days 2,168 sqft
    2018-05-01 66 days 2,191 sqft
    2018-06-01 65 days 2,208 sqft
    2018-07-01 70 days 2,231 sqft
    2018-08-01 68 days 2,201 sqft
    2018-09-01 69 days 2,200 sqft
    2018-10-01 74 days 2,156 sqft
    2018-11-01 80 days 2,097 sqft
    2018-12-01 93 days 2,081 sqft
    2019-01-01 99 days 2,091 sqft
    2019-02-01 96 days 2,140 sqft
    2019-03-01 63 days 2,124 sqft
    2019-04-01 57 days 2,135 sqft
    2019-05-01 58 days 2,030 sqft
    2019-06-01 64 days 2,426 sqft
    2019-07-01 66 days 2,287 sqft
    2019-08-01 69 days 2,416 sqft
    2019-09-01 66 days 2,457 sqft
    2019-10-01 65 days 2,195 sqft
    2019-11-01 68 days 2,360 sqft
    2019-12-01 78 days 2,341 sqft
    2020-01-01 85 days 2,180 sqft
    2020-02-01 84 days 2,140 sqft
    2020-03-01 59 days 2,042 sqft
    2020-04-01 54 days 2,231 sqft
    2020-05-01 67 days 2,570 sqft
    2020-06-01 74 days 2,671 sqft
    2020-07-01 63 days 2,758 sqft
    2020-08-01 58 days 2,596 sqft
    2020-09-01 51 days 2,882 sqft
    2020-10-01 49 days 2,904 sqft
    2020-11-01 52 days 2,492 sqft
    2020-12-01 61 days 2,154 sqft
    2021-01-01 61 days 2,332 sqft
    2021-02-01 59 days 2,618 sqft
    2021-03-01 51 days 2,683 sqft
    2021-04-01 41 days 2,088 sqft
    2021-05-01 39 days 2,134 sqft
    2021-06-01 38 days 2,346 sqft
    2021-07-01 35 days 1,925 sqft
    2021-08-01 37 days 2,000 sqft
    2021-09-01 39 days 1,910 sqft
    2021-10-01 41 days 1,811 sqft
    2021-11-01 44 days 1,870 sqft
    2021-12-01 50 days 1,876 sqft
    2022-01-01 52 days 1,794 sqft
    2022-02-01 43 days 1,853 sqft
    2022-03-01 36 days 1,988 sqft
    2022-04-01 34 days 1,885 sqft
    Winston's median listing age (time on market) for 2022-04-01 was 34 days. This is -17% shorter than the same period one year ago.

    Winston's median square footage for active listings during the 2022-04-01 period was 1,885 sqft. One year prior, the average listing was 2,088 sqft.