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 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.