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 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 0.07% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Winston's average USDA mortgage closing costs are $4,949.

    The average rate for the prior week (2022-11-18) was 6.62% and one month ago for the week of 2022-10-21, the average rate was 6.84%.

    The average rate one year ago was 3.38%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.16%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 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 $204,529 (10.6%) $301,874 (14.5%) 0.76 2,074
    2018-02-01 $218,925 (17.2%) $312,487 (16.4%) 0.79 2,034
    2018-03-01 $228,335 (18.2%) $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 (11.2%) 0.80 2,231
    2018-06-01 $240,000 (18.6%) $319,002 (10.8%) 0.80 2,275
    2018-07-01 $243,495 (18.8%) $314,296 (6.9%) 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 $229,900 (15.0%) $296,701 (-0.4%) 0.79 1,891
    2019-01-01 $234,675 (14.7%) $300,206 (-0.6%) 0.81 1,762
    2019-02-01 $242,440 (10.7%) $310,806 (-0.5%) 0.82 1,697
    2019-03-01 $255,471 (11.9%) $322,113 (2.5%) 0.84 1,754
    2019-04-01 $268,267 (15.1%) $333,688 (5.0%) 0.85 1,793
    2019-05-01 $273,725 (14.4%) $338,731 (5.9%) 0.86 1,860
    2019-06-01 $275,000 (14.6%) $343,713 (7.8%) 0.86 1,869
    2019-07-01 $275,000 (12.9%) $345,423 (9.9%) 0.86 1,844
    2019-08-01 $276,847 (15.9%) $345,101 (13.0%) 0.88 1,863
    2019-09-01 $274,368 (14.8%) $344,680 (12.9%) 0.88 1,898
    2019-10-01 $273,995 (14.2%) $347,262 (14.1%) 0.88 1,901
    2019-11-01 $274,900 (18.3%) $349,033 (17.0%) 0.90 1,790
    2019-12-01 $270,000 (17.4%) $346,330 (16.7%) 0.90 1,630
    2020-01-01 $269,950 (15.0%) $348,008 (15.9%) 0.90 1,531
    2020-02-01 $289,900 (19.6%) $368,142 (18.5%) 0.95 1,420
    2020-03-01 $288,588 (13.0%) $366,043 (13.6%) 0.90 1,443
    2020-04-01 $283,613 (5.7%) $365,135 (9.4%) 0.89 1,525
    2020-05-01 $299,500 (9.4%) $381,073 (12.5%) 0.91 1,371
    2020-06-01 $300,217 (9.2%) $390,288 (13.6%) 0.88 1,239
    2020-07-01 $309,358 (12.5%) $398,478 (15.4%) 0.90 1,119
    2020-08-01 $300,516 (8.6%) $386,289 (11.9%) 0.86 1,061
    2020-09-01 $299,000 (9.0%) $370,703 (7.6%) 0.86 1,087
    2020-10-01 $299,900 (9.5%) $375,217 (8.1%) 0.86 1,070
    2020-11-01 $279,675 (1.7%) $352,590 (1.0%) 0.82 984
    2020-12-01 $269,450 (-0.2%) $352,269 (1.7%) 0.80 894
    2021-01-01 $271,445 (0.6%) $350,870 (0.8%) 0.81 788
    2021-02-01 $280,285 (-3.3%) $362,300 (-1.6%) 0.81 686
    2021-03-01 $282,248 (-2.2%) $380,248 (3.9%) 0.80 658
    2021-04-01 $278,548 (-1.8%) $376,381 (3.1%) 0.75 648
    2021-05-01 $265,000 (-11.5%) $355,098 (-6.8%) 0.70 660
    2021-06-01 $267,450 (-10.9%) $354,014 (-9.3%) 0.70 731
    2021-07-01 $274,317 (-11.3%) $349,850 (-12.2%) 0.72 776
    2021-08-01 $267,400 (-11.0%) $341,104 (-11.7%) 0.71 822
    2021-09-01 $267,900 (-10.4%) $340,613 (-8.1%) 0.71 890
    2021-10-01 $269,900 (-10.0%) $346,302 (-7.7%) 0.72 897
    2021-11-01 $275,000 (-1.7%) $345,330 (-2.1%) 0.73 840
    2021-12-01 $269,448 (0.0%) $340,633 (-3.3%) 0.73 703
    2022-01-01 $290,328 (7.0%) $368,018 (4.9%) 0.78 579
    2022-02-01 $292,375 (4.3%) $372,351 (2.8%) 0.76 536
    2022-03-01 $287,450 (1.8%) $367,104 (-3.5%) 0.72 576
    2022-04-01 $299,900 (7.7%) $371,849 (-1.2%) 0.72 610
    2022-05-01 $303,095 (14.4%) $374,963 (5.6%) 0.69 768
    2022-06-01 $317,400 (18.7%) $382,174 (8.0%) 0.71 844
    2022-07-01 $320,000 (16.7%) $379,996 (8.6%) 0.72 943
    2022-08-01 $318,643 (19.2%) $368,146 (7.9%) 0.74 1,022
    2022-09-01 $314,950 (17.6%) $367,582 (7.9%) 0.74 1,017
    2022-10-01 $319,990 (18.6%) $373,616 (7.9%) 0.75 1,097
    Winston's median listing price for 2022-10-01 was $319,990, a difference of $50,090 (18.6%) versus the prior year and $5,040 versus the prior month.

    Winston's median listing price comes in at 75% of the national average.

    Winston's average listing price for 2022-10-01 was $373,616, a difference of $27,314 (7.9%) versus the prior year and $6,034 versus the prior month.

    For the 2022-10-01 period, Winston had 1,097 MLS listings, a difference of 80 listings (8%) versus the prior month and 200 listings (22%) 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 1,997 sqft
    2018-02-01 100 days 2,102 sqft
    2018-03-01 72 days 2,135 sqft
    2018-04-01 68 days 2,161 sqft
    2018-05-01 65 days 2,197 sqft
    2018-06-01 65 days 2,218 sqft
    2018-07-01 70 days 2,245 sqft
    2018-08-01 68 days 2,216 sqft
    2018-09-01 71 days 2,209 sqft
    2018-10-01 74 days 2,174 sqft
    2018-11-01 79 days 2,109 sqft
    2018-12-01 93 days 2,080 sqft
    2019-01-01 99 days 2,085 sqft
    2019-02-01 97 days 2,139 sqft
    2019-03-01 78 days 2,192 sqft
    2019-04-01 58 days 2,208 sqft
    2019-05-01 57 days 2,133 sqft
    2019-06-01 62 days 2,345 sqft
    2019-07-01 68 days 2,242 sqft
    2019-08-01 70 days 2,244 sqft
    2019-09-01 67 days 2,233 sqft
    2019-10-01 65 days 2,246 sqft
    2019-11-01 71 days 2,270 sqft
    2019-12-01 81 days 2,233 sqft
    2020-01-01 86 days 2,137 sqft
    2020-02-01 86 days 2,184 sqft
    2020-03-01 59 days 2,149 sqft
    2020-04-01 55 days 2,468 sqft
    2020-05-01 70 days 2,577 sqft
    2020-06-01 75 days 2,591 sqft
    2020-07-01 65 days 2,742 sqft
    2020-08-01 57 days 2,504 sqft
    2020-09-01 45 days 2,441 sqft
    2020-10-01 50 days 2,492 sqft
    2020-11-01 71 days 2,347 sqft
    2020-12-01 87 days 1,950 sqft
    2021-01-01 85 days 2,050 sqft
    2021-02-01 79 days 1,934 sqft
    2021-03-01 48 days 1,994 sqft
    2021-04-01 50 days 1,836 sqft
    2021-05-01 60 days 1,997 sqft
    2021-06-01 48 days 1,887 sqft
    2021-07-01 50 days 1,848 sqft
    2021-08-01 38 days 1,870 sqft
    2021-09-01 37 days 1,853 sqft
    2021-10-01 39 days 1,804 sqft
    2021-11-01 47 days 1,797 sqft
    2021-12-01 53 days 1,773 sqft
    2022-01-01 59 days 1,752 sqft
    2022-02-01 51 days 1,721 sqft
    2022-03-01 34 days 1,892 sqft
    2022-04-01 36 days 1,916 sqft
    2022-05-01 36 days 1,969 sqft
    2022-06-01 37 days 1,982 sqft
    2022-07-01 39 days 2,057 sqft
    2022-08-01 43 days 1,934 sqft
    2022-09-01 46 days 1,947 sqft
    2022-10-01 45 days 1,994 sqft
    Winston's median listing age (time on market) for 2022-10-01 was 45 days. This is 15% longer than the same period one year ago.

    Winston's median square footage for active listings during the 2022-10-01 period was 1,994 sqft. One year prior, the average listing was 1,804 sqft.