Winston USDA Loans

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 5.37% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.3% and one month ago for the week of 2022-04-08, the average rate was 4.96%.

The average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.23%.

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 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. Total Fees
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 Bank 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 $207,250 (10.3%) $304,390 (12.4%) 0.76 2,124
2018-02-01 $222,400 (17.2%) $314,575 (13.9%) 0.80 2,085
2018-03-01 $229,900 (17.3%) $318,136 (12.5%) 0.80 2,147
2018-04-01 $234,450 (17.8%) $322,228 (12.6%) 0.79 2,206
2018-05-01 $239,950 (15.5%) $324,832 (11.8%) 0.80 2,279
2018-06-01 $242,500 (14.2%) $323,125 (10.5%) 0.81 2,323
2018-07-01 $244,900 (14.2%) $320,947 (7.6%) 0.82 2,401
2018-08-01 $241,448 (14.3%) $311,559 (3.7%) 0.81 2,209
2018-09-01 $239,900 (17.0%) $311,401 (4.5%) 0.80 2,229
2018-10-01 $239,250 (14.0%) $309,712 (2.2%) 0.80 2,227
2018-11-01 $230,603 (10.1%) $302,180 (-0.5%) 0.77 2,159
2018-12-01 $229,900 (15.0%) $301,697 (0.3%) 0.79 1,943
2019-01-01 $234,900 (13.3%) $306,210 (0.6%) 0.81 1,802
2019-02-01 $241,945 (8.8%) $316,058 (0.5%) 0.81 1,738
2019-03-01 $255,939 (11.3%) $329,787 (3.7%) 0.83 1,790
2019-04-01 $269,445 (14.9%) $343,080 (6.5%) 0.85 1,817
2019-05-01 $274,700 (14.5%) $346,400 (6.6%) 0.85 1,886
2019-06-01 $279,000 (15.1%) $352,538 (9.1%) 0.86 1,892
2019-07-01 $279,450 (14.1%) $354,031 (10.3%) 0.87 1,885
2019-08-01 $277,857 (15.1%) $352,204 (13.1%) 0.87 1,872
2019-09-01 $277,807 (15.8%) $349,969 (12.4%) 0.88 1,877
2019-10-01 $282,450 (18.1%) $356,454 (15.1%) 0.90 1,926
2019-11-01 $279,000 (21.0%) $356,840 (18.1%) 0.90 1,841
2019-12-01 $275,495 (19.8%) $354,979 (17.7%) 0.92 1,677
2020-01-01 $274,495 (16.9%) $356,852 (16.5%) 0.92 1,584
2020-02-01 $295,000 (21.9%) $378,755 (19.8%) 0.95 1,457
2020-03-01 $297,400 (16.2%) $379,112 (15.0%) 0.93 1,463
2020-04-01 $289,900 (7.6%) $376,137 (9.6%) 0.90 1,541
2020-05-01 $302,760 (10.2%) $395,667 (14.2%) 0.92 1,389
2020-06-01 $307,445 (10.2%) $402,987 (14.3%) 0.90 1,246
2020-07-01 $315,000 (12.7%) $412,790 (16.6%) 0.90 1,121
2020-08-01 $309,400 (11.4%) $396,670 (12.6%) 0.88 1,028
2020-09-01 $300,813 (8.3%) $378,915 (8.3%) 0.86 1,017
2020-10-01 $304,780 (7.9%) $383,675 (7.6%) 0.87 995
2020-11-01 $293,950 (5.4%) $377,912 (5.9%) 0.84 923
2020-12-01 $288,450 (4.7%) $384,499 (8.3%) 0.85 832
2021-01-01 $291,990 (6.4%) $379,671 (6.4%) 0.86 741
2021-02-01 $296,148 (0.4%) $390,451 (3.1%) 0.85 630
2021-03-01 $284,208 (-4.4%) $393,881 (3.9%) 0.80 586
2021-04-01 $281,973 (-2.7%) $398,060 (5.8%) 0.76 571
2021-05-01 $266,990 (-11.8%) $381,273 (-3.6%) 0.70 580
2021-06-01 $272,250 (-11.5%) $377,758 (-6.3%) 0.71 649
2021-07-01 $278,500 (-11.6%) $371,874 (-9.9%) 0.72 701
2021-08-01 $270,950 (-12.4%) $358,584 (-9.6%) 0.71 782
2021-09-01 $272,400 (-9.5%) $355,799 (-6.1%) 0.72 829
2021-10-01 $274,999 (-9.8%) $351,624 (-8.4%) 0.72 830
2021-11-01 $279,950 (-4.8%) $356,278 (-5.7%) 0.74 756
2021-12-01 $272,500 (-5.5%) $349,210 (-9.2%) 0.73 612
2022-01-01 $295,000 (1.0%) $379,103 (-0.2%) 0.79 486
2022-02-01 $294,115 (-0.7%) $372,976 (-4.5%) 0.75 433
2022-03-01 $291,700 (2.6%) $373,602 (-5.2%) 0.72 427
2022-04-01 $298,490 (5.9%) $375,388 (-5.7%) 0.70 439
Winston's median listing price for 2022-04-01 was $298,490, a difference of $16,517 (5.9%) versus the prior year and $6,790 versus the prior month.

Winston's median listing price comes in at 70% of the national average.

Winston's average listing price for 2022-04-01 was $375,388, a difference of $-22,672 (-5.7%) versus the prior year and $1,786 versus the prior month.

For the 2022-04-01 period, Winston had 439 MLS listings, a difference of 12 listings (3%) versus the prior month and -132 listings (-23%) 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 2,158 sqft
2018-02-01 99 days 2,125 sqft
2018-03-01 72 days 2,140 sqft
2018-04-01 68 days 2,168 sqft
2018-05-01 66 days 2,191 sqft
2018-06-01 65 days 2,208 sqft
2018-07-01 70 days 2,231 sqft
2018-08-01 68 days 2,201 sqft
2018-09-01 69 days 2,200 sqft
2018-10-01 74 days 2,156 sqft
2018-11-01 80 days 2,097 sqft
2018-12-01 93 days 2,081 sqft
2019-01-01 99 days 2,091 sqft
2019-02-01 96 days 2,140 sqft
2019-03-01 63 days 2,124 sqft
2019-04-01 57 days 2,135 sqft
2019-05-01 58 days 2,030 sqft
2019-06-01 64 days 2,426 sqft
2019-07-01 66 days 2,287 sqft
2019-08-01 69 days 2,416 sqft
2019-09-01 66 days 2,457 sqft
2019-10-01 65 days 2,195 sqft
2019-11-01 68 days 2,360 sqft
2019-12-01 78 days 2,341 sqft
2020-01-01 85 days 2,180 sqft
2020-02-01 84 days 2,140 sqft
2020-03-01 59 days 2,042 sqft
2020-04-01 54 days 2,231 sqft
2020-05-01 67 days 2,570 sqft
2020-06-01 74 days 2,671 sqft
2020-07-01 63 days 2,758 sqft
2020-08-01 58 days 2,596 sqft
2020-09-01 51 days 2,882 sqft
2020-10-01 49 days 2,904 sqft
2020-11-01 52 days 2,492 sqft
2020-12-01 61 days 2,154 sqft
2021-01-01 61 days 2,332 sqft
2021-02-01 59 days 2,618 sqft
2021-03-01 51 days 2,683 sqft
2021-04-01 41 days 2,088 sqft
2021-05-01 39 days 2,134 sqft
2021-06-01 38 days 2,346 sqft
2021-07-01 35 days 1,925 sqft
2021-08-01 37 days 2,000 sqft
2021-09-01 39 days 1,910 sqft
2021-10-01 41 days 1,811 sqft
2021-11-01 44 days 1,870 sqft
2021-12-01 50 days 1,876 sqft
2022-01-01 52 days 1,794 sqft
2022-02-01 43 days 1,853 sqft
2022-03-01 36 days 1,988 sqft
2022-04-01 34 days 1,885 sqft
Winston's median listing age (time on market) for 2022-04-01 was 34 days. This is -17% shorter than the same period one year ago.

Winston's median square footage for active listings during the 2022-04-01 period was 1,885 sqft. One year prior, the average listing was 2,088 sqft.