Winston USDA Loans
WINSTON-SALEM, NC
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.