Winston USDA Loan Rates, Closing Costs & Stats

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 28 lenders originated 60 USDA loans during 2023. The total origination value was $13,300,000, with an average USDA loan value of $221,667.

Winston USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Winston averaged 6.34% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

Winston's average USDA mortgage closing costs are $5,285.

The average rate for the prior week (2024-07-12) was 6.46% and one month ago for the week of 2024-06-14, the average rate was 6.49%.

The average rate one year ago was 6.44%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.35%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 6.59% $10,310
MOVEMENT MORTGAGE, LLC 7 7.04% $6,817
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.66% $8,452
CROSSCOUNTRY MORTGAGE, LLC 3 6.81% $8,238
Blue Ridge Bank 3 6.38% $6,339
UNION HOME MORTGAGE CORP. 2 6.56% $6,825
Ameris Bank 2 6.44% $6,949
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 7.56% $8,239
HOMESIDE FINANCIAL, LLC 2 6.31% $7,769
INSPIRE HOME LOANS INC. 2 6.31% $5,603
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.81% $7,471
DHI MORTGAGE COMPANY, LTD. 1 5.25% $5,507
EMM LOANS LLC 1 7.13% $8,704
EQUITY RESOURCES, INC. 1 6.99% $6,681
Bank of England 1 6.50% $6,966
First-Citizens Bank & Trust Company 1 6.00% $5,990
First National Bank of Pennsylvania 1 6.38% $6,854
GUARANTEED RATE, INC. 1 6.10% $7,248
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $8,550
RESOURCE FINANCIAL SERVICES, INC. 1 6.00% $9,432
South State Bank 1 7.00% $5,120
Keystone Funding, Inc. 1 7.00% $9,148
MID AMERICA MORTGAGE, INC. 1 7.63% $6,822
American Security Mortgage Corp. 1 6.38% $4,887
CARDINAL FINANCIAL 1 7.13% $6,009
Chickasaw Community Bank 1 7.25% $3,046
CMG MORTGAGE, INC. 1 6.75% $5,565
Barrington Bank & Trust Company, N.A. 1 6.75% $9,308

The top Winston USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 11 USDA loans originated. Their average total fees are $10,310, which is $3,493 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Winston USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($10,310), .

The lowest rate Winston USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.59%), .


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 $204,150 (10.4%) $301,976 (14.5%) 0.76 2,077
2018-02-01 $218,675 (17.1%) $312,575 (16.3%) 0.79 2,037
2018-03-01 $228,118 (18.2%) $314,482 (13.3%) 0.80 2,107
2018-04-01 $233,009 (17.2%) $318,006 (11.9%) 0.79 2,161
2018-05-01 $239,371 (18.5%) $319,988 (11.1%) 0.80 2,233
2018-06-01 $240,000 (18.6%) $319,048 (10.7%) 0.80 2,275
2018-07-01 $243,950 (19.1%) $316,025 (7.4%) 0.81 2,351
2018-08-01 $238,923 (19.5%) $305,813 (3.5%) 0.80 2,154
2018-09-01 $239,000 (19.6%) $305,604 (4.2%) 0.80 2,179
2018-10-01 $239,900 (17.8%) $304,662 (1.8%) 0.81 2,167
2018-11-01 $232,400 (12.0%) $298,707 (-1.1%) 0.79 2,106
2018-12-01 $229,900 (15.0%) $297,114 (-0.3%) 0.79 1,892
2019-01-01 $234,900 (15.1%) $300,710 (-0.4%) 0.81 1,764
2019-02-01 $242,730 (11.0%) $311,317 (-0.4%) 0.82 1,699
2019-03-01 $255,471 (12.0%) $322,534 (2.6%) 0.84 1,755
2019-04-01 $267,950 (15.0%) $333,948 (5.0%) 0.85 1,793
2019-05-01 $273,825 (14.4%) $339,026 (6.0%) 0.86 1,856
2019-06-01 $275,000 (14.6%) $343,994 (7.8%) 0.86 1,866
2019-07-01 $275,588 (13.0%) $345,941 (9.5%) 0.86 1,843
2019-08-01 $277,444 (16.1%) $345,619 (13.0%) 0.88 1,862
2019-09-01 $275,110 (15.1%) $345,198 (13.0%) 0.88 1,896
2019-10-01 $274,407 (14.4%) $347,791 (14.2%) 0.89 1,899
2019-11-01 $274,900 (18.3%) $349,504 (17.0%) 0.90 1,785
2019-12-01 $270,000 (17.4%) $346,730 (16.7%) 0.90 1,625
2020-01-01 $269,950 (14.9%) $348,500 (15.9%) 0.90 1,526
2020-02-01 $289,990 (19.5%) $368,872 (18.5%) 0.95 1,416
2020-03-01 $288,678 (13.0%) $366,811 (13.7%) 0.90 1,438
2020-04-01 $283,881 (6.0%) $365,810 (9.5%) 0.89 1,521
2020-05-01 $299,900 (9.5%) $381,858 (12.6%) 0.91 1,367
2020-06-01 $301,359 (9.6%) $391,174 (13.7%) 0.89 1,235
2020-07-01 $309,500 (12.3%) $399,454 (15.5%) 0.90 1,114
2020-08-01 $303,390 (9.4%) $387,190 (12.0%) 0.87 1,057
2020-09-01 $299,200 (8.8%) $371,559 (7.6%) 0.86 1,083
2020-10-01 $299,900 (9.3%) $376,131 (8.2%) 0.86 1,065
2020-11-01 $279,448 (1.7%) $352,933 (1.0%) 0.82 979
2020-12-01 $269,450 (-0.2%) $353,106 (1.8%) 0.80 890
2021-01-01 $271,445 (0.6%) $351,824 (1.0%) 0.81 784
2021-02-01 $279,975 (-3.5%) $362,784 (-1.7%) 0.82 680
2021-03-01 $282,370 (-2.2%) $380,519 (3.7%) 0.80 652
2021-04-01 $277,741 (-2.2%) $376,873 (3.0%) 0.75 642
2021-05-01 $265,000 (-11.6%) $355,587 (-6.9%) 0.70 655
2021-06-01 $267,450 (-11.3%) $354,478 (-9.4%) 0.70 726
2021-07-01 $274,317 (-11.4%) $350,241 (-12.3%) 0.72 771
2021-08-01 $267,400 (-11.9%) $341,469 (-11.8%) 0.71 818
2021-09-01 $267,900 (-10.5%) $340,921 (-8.3%) 0.71 887
2021-10-01 $269,900 (-10.0%) $346,703 (-7.8%) 0.72 895
2021-11-01 $275,000 (-1.6%) $345,773 (-2.0%) 0.74 840
2021-12-01 $269,448 (0.0%) $341,111 (-3.4%) 0.73 701
2022-01-01 $290,328 (7.0%) $368,879 (4.9%) 0.78 571
2022-02-01 $293,995 (5.0%) $373,396 (2.9%) 0.76 533
2022-03-01 $287,450 (1.8%) $367,860 (-3.3%) 0.72 570
2022-04-01 $299,900 (8.0%) $372,557 (-1.2%) 0.71 604
2022-05-01 $303,984 (14.7%) $375,745 (5.7%) 0.69 762
2022-06-01 $317,475 (18.7%) $382,925 (8.0%) 0.71 838
2022-07-01 $320,000 (16.7%) $380,434 (8.6%) 0.72 937
2022-08-01 $320,493 (19.9%) $368,682 (8.0%) 0.74 1,016
2022-09-01 $315,000 (17.6%) $368,033 (8.0%) 0.74 1,011
2022-10-01 $320,000 (18.6%) $374,143 (7.9%) 0.75 1,091
2022-11-01 $320,200 (16.4%) $374,202 (8.2%) 0.77 1,087
2022-12-01 $319,997 (18.8%) $378,199 (10.9%) 0.79 1,037
2023-01-01 $325,000 (11.9%) $379,661 (2.9%) 0.81 971
2023-02-01 $329,787 (12.2%) $382,763 (2.5%) 0.80 960
2023-03-01 $332,882 (15.8%) $382,988 (4.1%) 0.79 904
2023-04-01 $339,900 (13.3%) $400,796 (7.6%) 0.79 899
2023-05-01 $345,899 (13.8%) $406,287 (8.1%) 0.78 873
2023-06-01 $340,659 (7.3%) $419,543 (9.6%) 0.77 888
2023-07-01 $340,000 (6.3%) $428,936 (12.8%) 0.77 895
2023-08-01 $339,898 (6.1%) $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 (10.4%) 0.79 1,099
2023-11-01 $334,950 (4.6%) $405,060 (8.3%) 0.80 1,180
2023-12-01 $329,995 (3.1%) $397,435 (5.1%) 0.80 1,181
2024-01-01 $335,000 (3.1%) $398,574 (5.0%) 0.82 1,079
2024-02-01 $329,325 (-0.1%) $394,296 (3.0%) 0.79 1,061
2024-03-01 $335,000 (0.6%) $407,946 (6.5%) 0.79 1,096
2024-04-01 $337,450 (-0.7%) $416,221 (3.9%) 0.78 1,142
2024-05-01 $357,945 (3.5%) $432,797 (6.5%) 0.81 1,167
2024-06-01 $364,995 (7.1%) $426,961 (1.8%) 0.82 1,215
Winston's median listing price for 2024-06-01 was $364,995, a difference of $24,336 (7.1%) versus the prior year and $7,050 versus the prior month.

Winston's median listing price comes in at 82% of the national average.

Winston's average listing price for 2024-06-01 was $426,961, a difference of $7,418 (1.8%) versus the prior year and $-5,836 versus the prior month.

For the 2024-06-01 period, Winston had 1,215 MLS listings, a difference of 48 listings (4%) versus the prior month and 327 listings (37%) 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 2,053 sqft
2018-02-01 86 days 2,112 sqft
2018-03-01 60 days 2,141 sqft
2018-04-01 59 days 2,170 sqft
2018-05-01 58 days 2,204 sqft
2018-06-01 58 days 2,222 sqft
2018-07-01 66 days 2,250 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 2,108 sqft
2018-12-01 85 days 2,079 sqft
2019-01-01 94 days 2,084 sqft
2019-02-01 92 days 2,137 sqft
2019-03-01 71 days 2,155 sqft
2019-04-01 54 days 2,135 sqft
2019-05-01 52 days 2,079 sqft
2019-06-01 58 days 2,296 sqft
2019-07-01 64 days 2,245 sqft
2019-08-01 64 days 2,250 sqft
2019-09-01 61 days 2,250 sqft
2019-10-01 59 days 2,256 sqft
2019-11-01 65 days 2,250 sqft
2019-12-01 76 days 2,208 sqft
2020-01-01 80 days 2,148 sqft
2020-02-01 79 days 2,114 sqft
2020-03-01 52 days 2,107 sqft
2020-04-01 50 days 2,294 sqft
2020-05-01 64 days 2,524 sqft
2020-06-01 69 days 2,590 sqft
2020-07-01 57 days 2,702 sqft
2020-08-01 51 days 2,518 sqft
2020-09-01 41 days 2,535 sqft
2020-10-01 46 days 2,482 sqft
2020-11-01 63 days 2,386 sqft
2020-12-01 79 days 1,925 sqft
2021-01-01 78 days 2,008 sqft
2021-02-01 73 days 1,998 sqft
2021-03-01 45 days 2,104 sqft
2021-04-01 45 days 1,847 sqft
2021-05-01 51 days 1,924 sqft
2021-06-01 44 days 1,827 sqft
2021-07-01 46 days 1,840 sqft
2021-08-01 37 days 1,892 sqft
2021-09-01 36 days 1,892 sqft
2021-10-01 38 days 1,893 sqft
2021-11-01 45 days 1,891 sqft
2021-12-01 52 days 1,795 sqft
2022-01-01 57 days 1,808 sqft
2022-02-01 48 days 1,777 sqft
2022-03-01 32 days 1,936 sqft
2022-04-01 35 days 1,986 sqft
2022-05-01 35 days 1,994 sqft
2022-06-01 37 days 2,081 sqft
2022-07-01 39 days 2,117 sqft
2022-08-01 43 days 1,993 sqft
2022-09-01 45 days 1,982 sqft
2022-10-01 44 days 2,104 sqft
2022-11-01 51 days 2,110 sqft
2022-12-01 58 days 2,108 sqft
2023-01-01 63 days 2,167 sqft
2023-02-01 48 days 2,194 sqft
2023-03-01 45 days 2,178 sqft
2023-04-01 40 days 2,192 sqft
2023-05-01 46 days 2,157 sqft
2023-06-01 44 days 2,164 sqft
2023-07-01 43 days 2,083 sqft
2023-08-01 42 days 2,124 sqft
2023-09-01 42 days 2,083 sqft
2023-10-01 42 days 2,083 sqft
2023-11-01 44 days 2,049 sqft
2023-12-01 51 days 2,006 sqft
2024-01-01 60 days 1,977 sqft
2024-02-01 48 days 1,932 sqft
2024-03-01 44 days 1,774 sqft
2024-04-01 43 days 1,789 sqft
2024-05-01 41 days 1,847 sqft
2024-06-01 40 days 1,939 sqft
Winston's median listing age (time on market) for 2024-06-01 was 40 days. This is -8% shorter than the same period one year ago.

Winston's median square footage for active listings during the 2024-06-01 period was 1,939 sqft. One year prior, the average listing was 2,164 sqft.