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 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 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.21%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.39%.

    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
    Winston's median listing price for 2024-03-01 was $335,000, a difference of $2,118 (0.6%) versus the prior year and $5,675 versus the prior month.

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

    Winston's average listing price for 2024-03-01 was $407,946, a difference of $24,958 (6.5%) versus the prior year and $13,650 versus the prior month.

    For the 2024-03-01 period, Winston had 1,096 MLS listings, a difference of 35 listings (3%) versus the prior month and 192 listings (21%) 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 1,887 sqft
    2024-03-01 44 days 1,774 sqft
    Winston's median listing age (time on market) for 2024-03-01 was 44 days. This is -1% shorter than the same period one year ago.

    Winston's median square footage for active listings during the 2024-03-01 period was 1,774 sqft. One year prior, the average listing was 2,178 sqft.