Winston USDA Loan Rates, Closing Costs & Stats

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 55 lenders originated 148 USDA loans during 2022. The total origination value was $30,880,000, with an average USDA loan value of $208,649.

    Winston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Winston averaged -0.37% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Winston's average USDA mortgage closing costs are $5,181.

    The average rate for the prior week (2023-11-17) was 6.52% and one month ago for the week of 2023-10-20, the average rate was 7.04%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.35%.

    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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Winston level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 34 4.72% $7,983
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 4.63% $6,450
    MOVEMENT MORTGAGE, LLC 9 5.00% $6,767
    Ameris Bank 7 3.82% $5,719
    Hometown Lenders, Inc. 7 4.84% $8,989
    CMG MORTGAGE, INC. 6 5.71% $7,197
    T2 FINANCIAL LLC 4 3.91% $10,613
    CALIBER HOME LOANS, INC. 3 5.02% $9,577
    CERTAINTY HOME LOANS, LLC 3 4.17% $8,673
    EMM LOANS LLC 3 3.92% $7,034
    CROSSCOUNTRY MORTGAGE, LLC 3 5.46% $8,573
    Blue Ridge Bank 2 4.50% $7,070
    CARDINAL FINANCIAL 2 4.88% $9,155
    Nations Lending Corporation 2 5.44% $5,311
    Northpointe Bank 2 4.38% $7,609
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.75% $6,835
    Bank of England 2 5.44% $7,844
    HOME POINT FINANCIAL CORPORATION 2 4.38% $6,641
    INSPIRE HOME LOANS INC. 2 5.06% $9,839
    LOANDEPOT.COM, LLC 1 5.13% $12,013
    MCLEAN MORTGAGE CORPORATION 1 4.63% $7,687
    MICHIGAN MUTUAL, INC. 1 4.63% $4,766
    MID AMERICA MORTGAGE, INC. 1 5.25% $9,346
    MORTGAGE FINANCIAL GROUP, INC. 1 3.38% $8,407
    NFM, INC. 1 5.63% $4,928
    OCEANSIDE MORTGAGE COMPANY 1 3.38% $1,079
    PENNYMAC LOAN SERVICES, LLC 1 3.00% $5,489
    Pinnacle Bank 1 5.63% $5,564
    RELIANCE FIRST CAPITAL, LLC 1 4.50% $12,235
    Renasant Bank 1 2.99% $2,989
    RESOURCE FINANCIAL SERVICES, INC. 1 3.25% $6,601
    TOWNE MORTGAGE COMPANY 1 2.99% $3,793
    UNION HOME MORTGAGE CORP. 1 6.75% $2,770
    UNITED WHOLESALE MORTGAGE, LLC 1 5.88% $5,093
    Victorian Finance, LLC 1 4.75% $5,713
    ACADEMY MORTGAGE CORPORATION 1 3.25% $5,151
    Wolfe Financial, Inc 1 4.13% $5,370
    Alcova Mortgage LLC 1 5.63% $7,790
    AMERICAN FINANCING CORPORATION 1 2.88% $5,066
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $8,790
    American Security Mortgage Corp. 1 2.75% $4,647
    AMERIFIRST FINANCIAL CORPORATION 1 4.88% $7,311
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $5,165
    BROKER SOLUTIONS, INC. 1 5.63% $5,945
    C & F Mortgage Corporation 1 5.63% $4,537
    CHURCHILL MORTGAGE CORPORATION 1 4.49% $4,880
    DAS Acquisition Company, LLC 1 3.88% $8,710
    EQUITY RESOURCES, INC. 1 3.63% $3,994
    First Federal Bank 1 5.13% $6,190
    Flagstar Bank, FSB 1 2.75% $7,059
    Gateway First Bank 1 5.50% $5,110
    GUARANTEED RATE, INC. 1 5.50% $7,105
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.25% $9,106
    HOMESIDE FINANCIAL, LLC 1 3.25% $5,243
    HOMESTAR FINANCIAL CORPORATION 1 5.63% $1,838

    The top Winston USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 34 USDA loans originated. Their average total fees are $7,983, which is $1,533 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Winston USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,450), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,983), .

    The lowest rate Winston USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.63%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.72%), .

    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 $204,529 (10.6%) $301,874 (14.5%) 0.76 2,074
    2018-02-01 $218,925 (17.2%) $312,487 (16.4%) 0.80 2,034
    2018-03-01 $228,335 (18.3%) $314,409 (13.3%) 0.80 2,104
    2018-04-01 $233,118 (17.2%) $317,961 (11.9%) 0.79 2,158
    2018-05-01 $239,371 (18.9%) $319,973 (11.1%) 0.80 2,231
    2018-06-01 $240,000 (18.6%) $319,002 (10.8%) 0.80 2,275
    2018-07-01 $243,723 (19.0%) $315,840 (7.5%) 0.81 2,351
    2018-08-01 $238,820 (19.4%) $305,456 (3.4%) 0.80 2,153
    2018-09-01 $239,000 (19.6%) $305,246 (4.2%) 0.80 2,177
    2018-10-01 $239,900 (17.9%) $304,328 (1.7%) 0.81 2,165
    2018-11-01 $232,400 (12.0%) $298,331 (-1.1%) 0.79 2,105
    2018-12-01 $229,725 (14.9%) $296,666 (-0.4%) 0.79 1,892
    2019-01-01 $234,450 (14.6%) $300,132 (-0.6%) 0.81 1,762
    2019-02-01 $242,025 (10.6%) $310,681 (-0.6%) 0.82 1,697
    2019-03-01 $255,471 (11.9%) $321,974 (2.4%) 0.84 1,754
    2019-04-01 $267,900 (14.9%) $333,479 (4.9%) 0.85 1,793
    2019-05-01 $273,575 (14.3%) $338,739 (5.9%) 0.86 1,857
    2019-06-01 $274,950 (14.6%) $343,826 (7.8%) 0.86 1,866
    2019-07-01 $275,000 (12.8%) $345,539 (9.4%) 0.86 1,841
    2019-08-01 $276,443 (15.8%) $345,213 (13.0%) 0.88 1,860
    2019-09-01 $274,107 (14.7%) $344,786 (13.0%) 0.88 1,895
    2019-10-01 $273,905 (14.2%) $347,371 (14.1%) 0.88 1,898
    2019-11-01 $274,900 (18.3%) $349,234 (17.1%) 0.90 1,785
    2019-12-01 $270,000 (17.5%) $346,538 (16.8%) 0.90 1,625
    2020-01-01 $269,950 (15.1%) $348,239 (16.0%) 0.90 1,526
    2020-02-01 $289,900 (19.8%) $368,404 (18.6%) 0.95 1,418
    2020-03-01 $288,621 (13.0%) $366,353 (13.8%) 0.90 1,441
    2020-04-01 $283,675 (5.9%) $365,482 (9.6%) 0.89 1,522
    2020-05-01 $299,850 (9.6%) $381,494 (12.6%) 0.91 1,368
    2020-06-01 $301,140 (9.5%) $390,769 (13.7%) 0.89 1,236
    2020-07-01 $309,500 (12.6%) $399,009 (15.5%) 0.90 1,116
    2020-08-01 $304,140 (10.0%) $386,893 (12.1%) 0.87 1,059
    2020-09-01 $299,400 (9.2%) $371,242 (7.7%) 0.86 1,084
    2020-10-01 $299,900 (9.5%) $375,715 (8.2%) 0.86 1,065
    2020-11-01 $279,900 (1.8%) $353,083 (1.1%) 0.82 981
    2020-12-01 $269,498 (-0.2%) $352,670 (1.8%) 0.80 890
    2021-01-01 $271,445 (0.6%) $351,149 (0.8%) 0.81 784
    2021-02-01 $280,285 (-3.3%) $362,995 (-1.5%) 0.82 682
    2021-03-01 $283,530 (-1.8%) $380,758 (3.9%) 0.80 653
    2021-04-01 $277,983 (-2.0%) $376,938 (3.1%) 0.75 644
    2021-05-01 $265,000 (-11.6%) $355,531 (-6.8%) 0.70 657
    2021-06-01 $267,450 (-11.2%) $354,700 (-9.2%) 0.70 727
    2021-07-01 $274,317 (-11.4%) $350,350 (-12.2%) 0.72 772
    2021-08-01 $267,425 (-12.1%) $341,581 (-11.7%) 0.71 817
    2021-09-01 $266,900 (-10.9%) $340,782 (-8.2%) 0.71 886
    2021-10-01 $269,900 (-10.0%) $346,146 (-7.9%) 0.72 890
    2021-11-01 $275,000 (-1.8%) $345,740 (-2.1%) 0.74 833
    2021-12-01 $269,250 (-0.1%) $341,043 (-3.3%) 0.73 696
    2022-01-01 $290,328 (7.0%) $368,731 (5.0%) 0.78 572
    2022-02-01 $292,250 (4.3%) $373,234 (2.8%) 0.76 528
    2022-03-01 $287,450 (1.4%) $367,044 (-3.6%) 0.72 567
    2022-04-01 $299,900 (7.9%) $372,186 (-1.3%) 0.71 602
    2022-05-01 $303,597 (14.6%) $375,023 (5.5%) 0.69 762
    2022-06-01 $317,425 (18.7%) $382,377 (7.8%) 0.71 837
    2022-07-01 $320,995 (17.0%) $379,915 (8.4%) 0.72 939
    2022-08-01 $321,073 (20.1%) $368,587 (7.9%) 0.74 1,016
    2022-09-01 $315,000 (18.0%) $367,946 (8.0%) 0.74 1,010
    2022-10-01 $319,990 (18.6%) $374,014 (8.1%) 0.75 1,083
    2022-11-01 $319,950 (16.4%) $374,077 (8.2%) 0.77 1,080
    2022-12-01 $319,999 (18.9%) $377,763 (10.8%) 0.79 1,032
    2023-01-01 $325,000 (11.9%) $379,624 (3.0%) 0.81 966
    2023-02-01 $329,787 (12.8%) $382,485 (2.5%) 0.80 957
    2023-03-01 $332,450 (15.7%) $382,689 (4.3%) 0.78 904
    2023-04-01 $339,900 (13.3%) $400,914 (7.7%) 0.79 899
    2023-05-01 $345,899 (13.9%) $406,287 (8.3%) 0.78 873
    2023-06-01 $340,659 (7.3%) $419,543 (9.7%) 0.77 888
    2023-07-01 $340,000 (5.9%) $428,936 (12.9%) 0.77 895
    2023-08-01 $339,898 (5.9%) $427,265 (15.9%) 0.78 960
    2023-09-01 $331,508 (5.2%) $415,131 (12.8%) 0.77 1,042
    2023-10-01 $335,000 (4.7%) $413,178 (10.5%) 0.79 1,099
    Winston's median listing price for 2023-10-01 was $335,000, a difference of $15,010 (4.7%) versus the prior year and $3,492 versus the prior month.

    Winston's median listing price comes in at 79% of the national average.

    Winston's average listing price for 2023-10-01 was $413,178, a difference of $39,164 (10.5%) versus the prior year and $-1,953 versus the prior month.

    For the 2023-10-01 period, Winston had 1,099 MLS listings, a difference of 57 listings (5%) versus the prior month and 16 listings (1%) 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 92 days 2,016 sqft
    2018-02-01 86 days 2,107 sqft
    2018-03-01 60 days 2,140 sqft
    2018-04-01 59 days 2,169 sqft
    2018-05-01 58 days 2,204 sqft
    2018-06-01 58 days 2,222 sqft
    2018-07-01 66 days 2,248 sqft
    2018-08-01 65 days 2,216 sqft
    2018-09-01 65 days 2,209 sqft
    2018-10-01 70 days 2,175 sqft
    2018-11-01 75 days 2,109 sqft
    2018-12-01 85 days 2,079 sqft
    2019-01-01 94 days 2,082 sqft
    2019-02-01 92 days 2,136 sqft
    2019-03-01 71 days 2,196 sqft
    2019-04-01 54 days 2,239 sqft
    2019-05-01 52 days 2,122 sqft
    2019-06-01 58 days 2,380 sqft
    2019-07-01 64 days 2,312 sqft
    2019-08-01 64 days 2,306 sqft
    2019-09-01 61 days 2,285 sqft
    2019-10-01 59 days 2,295 sqft
    2019-11-01 65 days 2,330 sqft
    2019-12-01 76 days 2,298 sqft
    2020-01-01 80 days 2,200 sqft
    2020-02-01 78 days 2,258 sqft
    2020-03-01 52 days 2,214 sqft
    2020-04-01 50 days 2,522 sqft
    2020-05-01 64 days 2,596 sqft
    2020-06-01 69 days 2,596 sqft
    2020-07-01 58 days 2,692 sqft
    2020-08-01 51 days 2,570 sqft
    2020-09-01 41 days 2,612 sqft
    2020-10-01 46 days 2,542 sqft
    2020-11-01 63 days 2,477 sqft
    2020-12-01 79 days 2,099 sqft
    2021-01-01 78 days 2,260 sqft
    2021-02-01 73 days 2,025 sqft
    2021-03-01 45 days 2,146 sqft
    2021-04-01 45 days 1,823 sqft
    2021-05-01 51 days 1,824 sqft
    2021-06-01 44 days 1,888 sqft
    2021-07-01 46 days 1,873 sqft
    2021-08-01 37 days 1,909 sqft
    2021-09-01 36 days 1,883 sqft
    2021-10-01 38 days 1,897 sqft
    2021-11-01 45 days 1,891 sqft
    2021-12-01 51 days 1,776 sqft
    2022-01-01 57 days 1,760 sqft
    2022-02-01 47 days 1,634 sqft
    2022-03-01 33 days 1,854 sqft
    2022-04-01 35 days 1,950 sqft
    2022-05-01 35 days 2,003 sqft
    2022-06-01 37 days 2,046 sqft
    2022-07-01 39 days 2,057 sqft
    2022-08-01 43 days 1,942 sqft
    2022-09-01 45 days 1,950 sqft
    2022-10-01 44 days 2,014 sqft
    2022-11-01 51 days 2,102 sqft
    2022-12-01 58 days 2,100 sqft
    2023-01-01 62 days 2,068 sqft
    2023-02-01 47 days 2,176 sqft
    2023-03-01 45 days 2,190 sqft
    2023-04-01 40 days 2,180 sqft
    2023-05-01 46 days 2,164 sqft
    2023-06-01 44 days 2,172 sqft
    2023-07-01 43 days 2,110 sqft
    2023-08-01 42 days 2,083 sqft
    2023-09-01 42 days 2,069 sqft
    2023-10-01 42 days 2,068 sqft
    Winston's median listing age (time on market) for 2023-10-01 was 42 days. This is -5% shorter than the same period one year ago.

    Winston's median square footage for active listings during the 2023-10-01 period was 2,068 sqft. One year prior, the average listing was 2,014 sqft.