Winchester VA Loan Rates, Closing Costs & Stats

WINCHESTER, VA-WV

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Winchester's 60 lenders originated 254 VA loans during 2023. The total origination value was $109,160,000, with an average VA loan value of $429,764.

    Winchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Winchester averaged 6.07% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

    Winchester's average VA mortgage closing costs are $7,254.

    The average rate for the prior week (2024-10-04) was 5.84% and one month ago for the week of 2024-09-06, the average rate was 6.03%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-10-11, the average rate was 6.42%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Winchester VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Winchester level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 19 6.53% $10,041
    NAVY FEDERAL CREDIT UNION 18 5.78% $4,456
    QUICKEN LOANS, LLC 16 6.08% $14,635
    EAGLE HOME MORTGAGE, LLC 15 5.80% $4,908
    LOANDEPOT.COM, LLC 14 5.98% $13,643
    UNITED WHOLESALE MORTGAGE, LLC 11 6.34% $12,823
    Atlantic Coast Mortgage, LLC 11 6.28% $14,042
    Integrity Home Mortgage Corp 10 6.51% $12,225
    MOVEMENT MORTGAGE, LLC 9 6.33% $11,156
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.54% $11,317
    NVR Mortgage Finance, Inc. 8 5.45% $5,863
    INTERCOASTAL MORTGAGE COMPANY 7 6.02% $12,071
    USAA Federal Savings Bank 6 5.98% $18,846
    HOMEAMERICAN MORTGAGE CORPORATION 6 5.10% $6,539
    CMG MORTGAGE, INC. 6 6.29% $12,666
    DHI MORTGAGE COMPANY, LTD. 5 5.57% $17,920
    Mr. Cooper ( Nationstar Mortgage ) 5 5.90% $15,119
    GSF Mortgage Corporation 5 6.02% $14,167
    TIDEWATER MORTGAGE SERVICES, INC. 5 6.53% $13,869
    PENTAGON FEDERAL CREDIT UNION 4 5.53% $8,572
    Shea Mortgage Inc. 4 6.31% $5,308
    FREEDOM MORTGAGE CORPORATION 4 6.88% $18,511
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $7,261
    EMBRACE HOME LOANS, INC. 2 6.50% $6,493
    CBM Mortgage, Inc. 2 6.50% $45,682
    AMERICAN FINANCIAL NETWORK, INC. 2 6.88% $11,461
    Alcova Mortgage LLC 2 6.88% $309
    Prosperity Home Mortgage, LLC 2 5.44% $16,121
    Ameris Bank 2 5.44% $16,006
    The Federal Savings Bank 2 6.69% $16,353
    Vellum Mortgage, Inc. 2 6.56% $16,552
    GUILD MORTGAGE COMPANY 2 6.63% $18,570
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,914
    Advance Financial Group, LLC 1 6.00% $8,751
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 7.25% $3,999
    Barrington Bank & Trust Company, N.A. 1 6.25% $13,549
    BAY EQUITY LLC 1 5.75% $25,462
    Capital Bank 1 6.50% $11,557
    CARDINAL FINANCIAL 1 5.75% $48,995
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $14,209
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $6,988
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $2,545
    Equity Prime Mortgage LLC 1 7.25% $1,466
    First Federal Bank 1 8.00% $17,742
    First Heritage Mortgage, LLC 1 5.88% $14,215
    Flagstar Bank, FSB 1 6.63% $14,943
    George Mason Mortgage, LLC 1 6.13% $12,984
    HOMESPIRE MORTGAGE CORPORATION 1 6.75% $6,257
    JAMS-01, INC. 1 6.50% $19,611
    MORTGAGE ACCESS CORP. 1 6.25% $14,460
    NEW DAY FINANCIAL, LLC 1 6.99% $24,046
    Northwest Federal Credit Union 1 7.75% $2,871
    Paramount Bank 1 7.00% $2,907
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $21,166
    Plains Commerce Bank 1 6.13% $31,959
    POLARIS HOME FUNDING CORP. 1 7.63% $16,968
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $12,348
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $14,846
    Towne Bank 1 5.75% $4,503
    ACADEMY MORTGAGE CORPORATION 1 7.25% $3,557

    The top Winchester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 19 VA loans originated. Their average total fees are $10,041, which is $5,585 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Winchester VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,456), EAGLE HOME MORTGAGE, LLC ($4,908), Mortgage Research Center, LLC ($10,041), Integrity Home Mortgage Corp ($12,225) and UNITED WHOLESALE MORTGAGE, LLC ($12,823).

    The lowest rate Winchester VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.78%), EAGLE HOME MORTGAGE, LLC (5.80%), LOANDEPOT.COM, LLC (5.98%), QUICKEN LOANS, LLC (6.08%) and Atlantic Coast Mortgage, LLC (6.28%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Winchester (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 $280,218 (5.0%) $311,159 (7.5%) 0.00 494
    2018-02-01 $289,448 (6.4%) $317,631 (8.3%) 0.00 504
    2018-03-01 $294,990 (5.2%) $320,228 (4.6%) 0.00 548
    2018-04-01 $299,900 (7.1%) $326,879 (5.4%) 0.00 596
    2018-05-01 $299,990 (2.4%) $331,302 (3.3%) 0.00 640
    2018-06-01 $299,900 (0.6%) $325,909 (0.9%) 0.00 690
    2018-07-01 $298,740 (3.6%) $322,237 (3.7%) 0.00 729
    2018-08-01 $290,000 (0.3%) $317,153 (2.6%) 0.00 740
    2018-09-01 $279,700 (-2.9%) $311,605 (-0.4%) 0.00 752
    2018-10-01 $279,900 (-4.4%) $316,398 (1.5%) 0.00 729
    2018-11-01 $287,636 (2.2%) $319,605 (1.8%) 0.00 726
    2018-12-01 $289,900 (5.4%) $320,005 (4.6%) 0.00 662
    2019-01-01 $289,923 (3.5%) $318,370 (2.3%) 0.00 565
    2019-02-01 $297,995 (3.0%) $323,354 (1.8%) 0.00 568
    2019-03-01 $299,514 (1.5%) $328,648 (2.6%) 0.00 598
    2019-04-01 $299,064 (-0.3%) $331,937 (1.6%) 0.00 640
    2019-05-01 $303,493 (1.2%) $343,242 (3.6%) 0.00 620
    2019-06-01 $299,250 (-0.2%) $343,168 (5.3%) 0.00 643
    2019-07-01 $302,350 (1.2%) $341,564 (6.0%) 0.00 642
    2019-08-01 $299,997 (3.5%) $340,118 (7.2%) 0.00 653
    2019-09-01 $299,993 (7.3%) $338,583 (8.7%) 0.00 670
    2019-10-01 $302,245 (8.0%) $337,836 (6.8%) 0.00 677
    2019-11-01 $299,000 (4.0%) $333,984 (4.5%) 0.00 627
    2019-12-01 $299,450 (3.3%) $334,620 (4.6%) 0.00 569
    2020-01-01 $294,950 (1.7%) $334,750 (5.1%) 0.00 523
    2020-02-01 $299,875 (0.6%) $339,990 (5.1%) 0.00 496
    2020-03-01 $302,995 (1.2%) $345,403 (5.1%) 0.00 501
    2020-04-01 $304,493 (1.8%) $349,261 (5.2%) 0.00 505
    2020-05-01 $317,990 (4.8%) $355,288 (3.5%) 0.00 500
    2020-06-01 $327,230 (9.4%) $369,339 (7.6%) 0.00 436
    2020-07-01 $315,498 (4.4%) $370,334 (8.4%) 0.00 375
    2020-08-01 $330,990 (10.3%) $393,074 (15.6%) 0.00 308
    2020-09-01 $328,748 (9.6%) $392,646 (16.0%) 0.00 262
    2020-10-01 $299,900 (-0.8%) $387,350 (14.7%) 0.00 252
    2020-11-01 $299,950 (0.3%) $400,040 (19.8%) 0.00 240
    2020-12-01 $309,925 (3.5%) $408,988 (22.2%) 0.00 206
    2021-01-01 $329,900 (11.9%) $408,074 (21.9%) 0.00 171
    2021-02-01 $333,450 (11.2%) $407,939 (20.0%) 0.00 142
    2021-03-01 $369,450 (21.9%) $415,517 (20.3%) 0.00 162
    2021-04-01 $372,863 (22.5%) $410,481 (17.5%) 0.00 198
    2021-05-01 $389,900 (22.6%) $414,388 (16.6%) 0.00 207
    2021-06-01 $389,900 (19.2%) $428,108 (15.9%) 0.00 241
    2021-07-01 $379,450 (20.3%) $432,572 (16.8%) 0.00 269
    2021-08-01 $392,000 (18.4%) $438,497 (11.6%) 0.00 275
    2021-09-01 $366,975 (11.6%) $417,215 (6.3%) 0.00 292
    2021-10-01 $359,900 (20.0%) $423,297 (9.3%) 0.00 273
    2021-11-01 $359,250 (19.8%) $426,499 (6.6%) 0.00 251
    2021-12-01 $377,450 (21.8%) $433,730 (6.1%) 0.00 220
    2022-01-01 $410,000 (24.3%) $457,143 (12.0%) 0.00 150
    2022-02-01 $398,850 (19.6%) $451,578 (10.7%) 0.00 138
    2022-03-01 $378,448 (2.4%) $436,417 (5.0%) 0.00 159
    2022-04-01 $387,450 (3.9%) $462,263 (12.6%) 0.00 174
    2022-05-01 $427,573 (9.7%) $482,796 (16.5%) 0.00 218
    2022-06-01 $434,200 (11.4%) $488,117 (14.0%) 0.00 264
    2022-07-01 $425,000 (12.0%) $479,620 (10.9%) 0.00 309
    2022-08-01 $407,473 (4.0%) $465,045 (6.1%) 0.00 334
    2022-09-01 $411,250 (12.1%) $467,185 (12.0%) 0.00 339
    2022-10-01 $409,000 (13.6%) $456,304 (7.8%) 0.00 341
    2022-11-01 $392,475 (9.3%) $448,246 (5.1%) 0.00 326
    2022-12-01 $404,450 (7.2%) $452,426 (4.3%) 0.00 293
    2023-01-01 $419,000 (2.2%) $457,666 (0.1%) 0.00 271
    2023-02-01 $426,225 (6.9%) $464,379 (2.8%) 0.00 248
    2023-03-01 $419,945 (11.0%) $456,887 (4.7%) 0.00 239
    2023-04-01 $422,495 (9.1%) $476,908 (3.2%) 0.00 231
    2023-05-01 $438,030 (2.5%) $486,063 (0.7%) 0.00 242
    2023-06-01 $444,995 (2.5%) $483,306 (-1.0%) 0.00 250
    2023-07-01 $429,900 (1.2%) $461,991 (-3.7%) 0.00 265
    2023-08-01 $419,498 (3.0%) $457,436 (-1.6%) 0.00 283
    2023-09-01 $420,000 (2.1%) $466,238 (-0.2%) 0.00 298
    2023-10-01 $411,979 (0.7%) $472,451 (3.5%) 0.00 321
    2023-11-01 $409,400 (4.3%) $476,591 (6.3%) 0.00 316
    2023-12-01 $419,900 (3.8%) $484,186 (7.0%) 0.00 258
    2024-01-01 $428,225 (2.2%) $488,604 (6.8%) 0.00 230
    2024-02-01 $436,950 (2.5%) $531,831 (14.5%) 0.00 185
    2024-03-01 $450,000 (7.2%) $544,019 (19.1%) 0.00 218
    2024-04-01 $450,000 (6.5%) $556,963 (16.8%) 0.00 258
    2024-05-01 $468,549 (7.0%) $553,449 (13.9%) 0.00 287
    2024-06-01 $469,450 (5.5%) $538,694 (11.5%) 0.00 313
    2024-07-01 $439,971 (2.3%) $522,259 (13.1%) 0.00 335
    2024-08-01 $440,000 (4.9%) $510,478 (11.6%) 0.00 353
    2024-09-01 $447,000 (6.4%) $518,738 (11.3%) 0.00 368
    Winchester's median listing price for 2024-09-01 was $447,000, a difference of $27,000 (6.4%) versus the prior year and $7,000 versus the prior month.

    Winchester's median listing price comes in at 0% of the national average.

    Winchester's average listing price for 2024-09-01 was $518,738, a difference of $52,500 (11.3%) versus the prior year and $8,260 versus the prior month.

    For the 2024-09-01 period, Winchester had 368 MLS listings, a difference of 15 listings (4%) versus the prior month and 70 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Winchester (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,969 sqft
    2018-02-01 0 days 2,002 sqft
    2018-03-01 0 days 2,060 sqft
    2018-04-01 0 days 2,048 sqft
    2018-05-01 0 days 2,077 sqft
    2018-06-01 0 days 2,140 sqft
    2018-07-01 0 days 2,113 sqft
    2018-08-01 0 days 2,125 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,116 sqft
    2018-11-01 0 days 2,144 sqft
    2018-12-01 0 days 2,103 sqft
    2019-01-01 0 days 2,096 sqft
    2019-02-01 0 days 2,108 sqft
    2019-03-01 0 days 2,138 sqft
    2019-04-01 0 days 2,119 sqft
    2019-05-01 0 days 2,141 sqft
    2019-06-01 0 days 2,100 sqft
    2019-07-01 0 days 2,135 sqft
    2019-08-01 0 days 2,144 sqft
    2019-09-01 0 days 2,135 sqft
    2019-10-01 0 days 2,129 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,090 sqft
    2020-01-01 0 days 2,060 sqft
    2020-02-01 0 days 2,098 sqft
    2020-03-01 0 days 2,109 sqft
    2020-04-01 0 days 2,098 sqft
    2020-05-01 0 days 2,149 sqft
    2020-06-01 0 days 2,126 sqft
    2020-07-01 0 days 2,091 sqft
    2020-08-01 0 days 2,081 sqft
    2020-09-01 0 days 2,008 sqft
    2020-10-01 0 days 1,932 sqft
    2020-11-01 0 days 1,903 sqft
    2020-12-01 0 days 1,883 sqft
    2021-01-01 0 days 1,884 sqft
    2021-02-01 0 days 1,850 sqft
    2021-03-01 0 days 1,937 sqft
    2021-04-01 0 days 1,952 sqft
    2021-05-01 0 days 2,016 sqft
    2021-06-01 0 days 1,986 sqft
    2021-07-01 0 days 1,997 sqft
    2021-08-01 0 days 2,008 sqft
    2021-09-01 0 days 1,985 sqft
    2021-10-01 0 days 1,922 sqft
    2021-11-01 0 days 1,924 sqft
    2021-12-01 0 days 1,928 sqft
    2022-01-01 0 days 2,052 sqft
    2022-02-01 0 days 2,034 sqft
    2022-03-01 0 days 1,965 sqft
    2022-04-01 0 days 2,050 sqft
    2022-05-01 0 days 2,165 sqft
    2022-06-01 0 days 2,212 sqft
    2022-07-01 0 days 2,176 sqft
    2022-08-01 0 days 2,168 sqft
    2022-09-01 0 days 2,155 sqft
    2022-10-01 0 days 2,052 sqft
    2022-11-01 0 days 2,022 sqft
    2022-12-01 0 days 2,042 sqft
    2023-01-01 0 days 2,052 sqft
    2023-02-01 0 days 2,029 sqft
    2023-03-01 0 days 2,052 sqft
    2023-04-01 0 days 2,043 sqft
    2023-05-01 0 days 2,174 sqft
    2023-06-01 0 days 2,214 sqft
    2023-07-01 0 days 2,100 sqft
    2023-08-01 0 days 2,055 sqft
    2023-09-01 0 days 2,052 sqft
    2023-10-01 0 days 1,991 sqft
    2023-11-01 0 days 2,012 sqft
    2023-12-01 0 days 2,031 sqft
    2024-01-01 0 days 2,002 sqft
    2024-02-01 0 days 2,007 sqft
    2024-03-01 0 days 2,064 sqft
    2024-04-01 0 days 2,107 sqft
    2024-05-01 0 days 2,137 sqft
    2024-06-01 0 days 2,206 sqft
    2024-07-01 0 days 2,092 sqft
    2024-08-01 0 days 2,100 sqft
    2024-09-01 0 days 2,078 sqft
    Winchester's median listing age (time on market) for 2024-09-01 was 0 days.

    Winchester's median square footage for active listings during the 2024-09-01 period was 2,078 sqft. One year prior, the average listing was 2,052 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.