Winchester VA Loan Rates, Closing Costs & Stats

WINCHESTER, VA-WV

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 6.71% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.62% and one month ago for the week of 2024-05-03, the average rate was 7.04%.

The average rate one year ago was 6.44%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.06%.

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
Winchester's median listing price for 2024-05-01 was $468,549, a difference of $30,519 (7.0%) versus the prior year and $18,549 versus the prior month.

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

Winchester's average listing price for 2024-05-01 was $553,449, a difference of $67,386 (13.9%) versus the prior year and $-3,514 versus the prior month.

For the 2024-05-01 period, Winchester had 287 MLS listings, a difference of 29 listings (11%) versus the prior month and 45 listings (19%) 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
Winchester's median listing age (time on market) for 2024-05-01 was 0 days.

Winchester's median square footage for active listings during the 2024-05-01 period was 2,137 sqft. One year prior, the average listing was 2,174 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.