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 78 lenders originated 377 VA loans during 2022. The total origination value was $152,985,000, with an average VA loan value of $405,796.

    Winchester VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Winchester averaged 6.38% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Winchester's average VA mortgage closing costs are $6,893.

    The average rate for the prior week (2023-05-19) was 5.9% and one month ago for the week of 2023-04-21, the average rate was 5.72%.

    The average rate one year ago was 5.09%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 34 5.02% $8,184
    NAVY FEDERAL CREDIT UNION 31 3.94% $8,516
    QUICKEN LOANS, LLC 23 4.08% $16,483
    LOANDEPOT.COM, LLC 17 4.01% $17,859
    MCLEAN MORTGAGE CORPORATION 15 4.25% $9,573
    NVR Mortgage Finance, Inc. 14 4.08% $12,960
    FINANCE OF AMERICA MORTGAGE LLC 13 3.76% $11,786
    UNITED WHOLESALE MORTGAGE, LLC 12 4.68% $12,771
    HOMEAMERICAN MORTGAGE CORPORATION 11 4.20% $5,755
    FREEDOM MORTGAGE CORPORATION 11 4.30% $9,532
    NEW DAY FINANCIAL, LLC 10 4.20% $17,568
    PENNYMAC LOAN SERVICES, LLC 9 3.49% $8,670
    PENTAGON FEDERAL CREDIT UNION 7 3.25% $9,647
    USAA Federal Savings Bank 7 4.02% $11,054
    Integrity Home Mortgage Corp 7 4.91% $9,980
    HOMESPIRE MORTGAGE CORPORATION 6 5.75% $10,318
    Atlantic Coast Mortgage, LLC 6 3.88% $13,564
    CBM Mortgage, Inc. 6 4.13% $28,457
    Mr. Cooper ( Nationstar Mortgage ) 6 4.83% $13,598
    MOVEMENT MORTGAGE, LLC 6 4.13% $6,069
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 4.02% $15,862
    JAMS-01, INC. 5 4.50% $14,774
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.56% $13,741
    CALIBER HOME LOANS, INC. 4 4.09% $15,189
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.66% $8,387
    The Federal Savings Bank 4 4.50% $21,748
    George Mason Mortgage, LLC 4 4.72% $12,250
    HOME POINT FINANCIAL CORPORATION 4 3.90% $7,313
    LAKEVIEW LOAN SERVICING, LLC 4 3.44% $3,159
    INTERCOASTAL MORTGAGE COMPANY 3 5.46% $13,269
    The Freedom Bank of Virginia 3 3.92% $10,743
    Flagstar Bank, FSB 3 4.25% $11,711
    Prosperity Home Mortgage, LLC 3 4.88% $17,596
    First Heritage Mortgage, LLC 3 3.38% $11,724
    NEWREZ LLC 3 4.54% $9,603
    GUILD MORTGAGE COMPANY 2 5.31% $10,192
    CAPITAL CENTER, L.L.C. 2 4.31% $11,953
    CARDINAL FINANCIAL 2 3.81% $12,538
    Carrington Mortgage Services, LLC 2 5.31% $13,756
    CMG MORTGAGE, INC. 2 4.50% $7,250
    EMBRACE HOME LOANS, INC. 2 4.13% $7,921
    NBKC BANK 2 4.56% $2,780
    Northwest Federal Credit Union 2 6.50% $7,278
    PLANET HOME LENDING, LLC 2 5.13% $8,946
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.88% $9,751
    TIDEWATER MORTGAGE SERVICES, INC. 2 6.25% $14,141
    UNION HOME MORTGAGE CORP. 2 5.38% $17,244
    Wells Fargo Bank 2 2.75% $4,537
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $19,043
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $5,685
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $14,529
    TOWNE MORTGAGE COMPANY 1 2.88% $19,776
    CLEARPATH LENDING 1 5.50% $42,768
    CityWorth Mortgage LLC 1 3.13% $13,717
    NFM, INC. 1 4.88% $26,090
    North American Savings Bank, F.S.B. 1 4.50% $9,282
    VILLAGE CAPITAL MORTGAGE 1 2.25% $2,258
    C & F Mortgage Corporation 1 5.13% $6,047
    BROKER SOLUTIONS, INC. 1 5.75% $14,130
    BAY EQUITY LLC 1 4.63% $10,260
    APEX HOME LOANS, INC. 1 5.25% $4,969
    Presidential Bank, FSB 1 6.25% $316
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $15,270
    AMERISAVE MORTGAGE CORPORATION 1 2.25% $34,546
    Barrington Bank & Trust Company, N.A. 1 6.25% $13,159
    Atlantic Union Bank 1 5.13% $2,313
    Shea Mortgage Inc. 1 3.50% $119
    Armed Forces Bank 1 4.75% $3,174
    ARC HOME LLC 1 2.63% $15,250
    Vellum Mortgage, Inc. 1 5.25% $17,872
    Towne Bank 1 4.50% $26,313
    KELLER MORTGAGE, LLC 1 4.63% $23,878
    Low VA Rates, LLC 1 5.88% $7,960
    Hometown Lenders, Inc. 1 3.75% $21,923
    Mid-Continent Funding, Inc. 1 4.25% $4,048
    MID-ISLAND MORTGAGE CORP. 1 4.50% $11,960
    Alcova Mortgage LLC 1 7.25% $7,113
    GUARANTEED RATE, INC. 1 5.23% $2,435

    The top Winchester VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $8,184, which is $332 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Winchester VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($5,755), Mortgage Research Center, LLC ($8,184), NAVY FEDERAL CREDIT UNION ($8,516), FREEDOM MORTGAGE CORPORATION ($9,532) and MCLEAN MORTGAGE CORPORATION ($9,573).

    The lowest rate Winchester VA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC (3.76%), NAVY FEDERAL CREDIT UNION (3.94%), LOANDEPOT.COM, LLC (4.01%), NVR Mortgage Finance, Inc. (4.08%) and QUICKEN LOANS, LLC (4.08%).

    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 $277,500 (4.0%) $310,842 (7.2%) 0.00 489
    2018-02-01 $286,993 (6.3%) $317,377 (8.0%) 0.00 499
    2018-03-01 $294,490 (5.2%) $320,021 (4.3%) 0.00 543
    2018-04-01 $299,450 (7.0%) $326,736 (5.2%) 0.00 591
    2018-05-01 $299,993 (1.7%) $331,345 (3.2%) 0.00 636
    2018-06-01 $299,900 (0.8%) $325,766 (0.9%) 0.00 686
    2018-07-01 $297,226 (3.0%) $322,083 (3.5%) 0.00 726
    2018-08-01 $289,900 (0.4%) $316,984 (2.5%) 0.00 737
    2018-09-01 $275,500 (-4.3%) $311,404 (-0.5%) 0.00 748
    2018-10-01 $278,950 (-4.4%) $316,225 (1.4%) 0.00 725
    2018-11-01 $285,771 (2.1%) $319,470 (1.8%) 0.00 722
    2018-12-01 $287,684 (4.7%) $319,504 (4.5%) 0.00 657
    2019-01-01 $289,575 (4.4%) $317,795 (2.2%) 0.00 560
    2019-02-01 $296,198 (3.2%) $322,803 (1.7%) 0.00 563
    2019-03-01 $294,700 (0.1%) $326,485 (2.0%) 0.00 605
    2019-04-01 $295,995 (-1.2%) $331,554 (1.5%) 0.00 636
    2019-05-01 $301,945 (0.7%) $342,899 (3.5%) 0.00 616
    2019-06-01 $299,000 (-0.3%) $342,827 (5.2%) 0.00 638
    2019-07-01 $299,995 (0.9%) $341,654 (6.1%) 0.00 637
    2019-08-01 $299,995 (3.5%) $339,906 (7.2%) 0.00 655
    2019-09-01 $309,950 (12.5%) $341,988 (9.8%) 0.00 630
    2019-10-01 $299,950 (7.5%) $337,526 (6.7%) 0.00 671
    2019-11-01 $297,990 (4.3%) $333,360 (4.4%) 0.00 622
    2019-12-01 $298,198 (3.7%) $334,653 (4.7%) 0.00 564
    2020-01-01 $293,490 (1.4%) $334,789 (5.4%) 0.00 519
    2020-02-01 $298,000 (0.6%) $339,806 (5.3%) 0.00 491
    2020-03-01 $301,990 (2.5%) $345,115 (5.7%) 0.00 498
    2020-04-01 $301,723 (1.9%) $348,988 (5.3%) 0.00 502
    2020-05-01 $317,990 (5.3%) $355,058 (3.6%) 0.00 496
    2020-06-01 $328,796 (10.0%) $370,893 (8.2%) 0.00 430
    2020-07-01 $314,970 (5.0%) $372,155 (8.9%) 0.00 366
    2020-08-01 $334,990 (11.7%) $395,566 (16.4%) 0.00 301
    2020-09-01 $329,713 (6.4%) $394,821 (15.5%) 0.00 257
    2020-10-01 $299,900 (0.0%) $391,719 (16.1%) 0.00 245
    2020-11-01 $299,900 (0.6%) $404,369 (21.3%) 0.00 232
    2020-12-01 $308,675 (3.5%) $413,274 (23.5%) 0.00 198
    2021-01-01 $328,000 (11.8%) $413,321 (23.5%) 0.00 167
    2021-02-01 $334,450 (12.2%) $411,594 (21.1%) 0.00 138
    2021-03-01 $369,450 (22.3%) $419,381 (21.5%) 0.00 159
    2021-04-01 $374,900 (24.3%) $413,547 (18.5%) 0.00 195
    2021-05-01 $389,900 (22.6%) $415,171 (16.9%) 0.00 205
    2021-06-01 $389,900 (18.6%) $425,553 (14.7%) 0.00 238
    2021-07-01 $379,900 (20.6%) $429,703 (15.5%) 0.00 267
    2021-08-01 $392,000 (17.0%) $434,781 (9.9%) 0.00 273
    2021-09-01 $366,975 (11.3%) $413,630 (4.8%) 0.00 290
    2021-10-01 $359,900 (20.0%) $419,486 (7.1%) 0.00 271
    2021-11-01 $356,000 (18.7%) $422,068 (4.4%) 0.00 248
    2021-12-01 $377,450 (22.3%) $427,282 (3.4%) 0.00 217
    2022-01-01 $402,450 (22.7%) $446,831 (8.1%) 0.00 148
    2022-02-01 $395,873 (18.4%) $441,087 (7.2%) 0.00 137
    2022-03-01 $377,945 (2.3%) $436,417 (4.1%) 0.00 159
    2022-04-01 $387,450 (3.4%) $462,779 (11.9%) 0.00 174
    2022-05-01 $427,750 (9.7%) $483,182 (16.4%) 0.00 217
    2022-06-01 $432,450 (10.9%) $488,748 (14.9%) 0.00 262
    2022-07-01 $425,000 (11.9%) $480,200 (11.8%) 0.00 306
    2022-08-01 $407,450 (3.9%) $465,100 (7.0%) 0.00 329
    2022-09-01 $405,237 (10.4%) $467,480 (13.0%) 0.00 334
    2022-10-01 $399,900 (11.1%) $456,046 (8.7%) 0.00 336
    2022-11-01 $389,900 (9.5%) $447,703 (6.1%) 0.00 324
    2022-12-01 $399,900 (6.0%) $451,961 (5.8%) 0.00 292
    2023-01-01 $419,000 (4.1%) $457,216 (2.3%) 0.00 270
    2023-02-01 $425,000 (7.4%) $463,311 (5.0%) 0.00 248
    2023-03-01 $419,950 (11.1%) $458,094 (5.0%) 0.00 239
    2023-04-01 $420,870 (8.6%) $477,892 (3.3%) 0.00 234
    Winchester's median listing price for 2023-04-01 was $420,870, a difference of $33,420 (8.6%) versus the prior year and $920 versus the prior month.

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

    Winchester's average listing price for 2023-04-01 was $477,892, a difference of $15,113 (3.3%) versus the prior year and $19,798 versus the prior month.

    For the 2023-04-01 period, Winchester had 234 MLS listings, a difference of -5 listings (-2%) versus the prior month and 60 listings (34%) 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 1,973 sqft
    2018-02-01 0 days 2,006 sqft
    2018-03-01 0 days 2,071 sqft
    2018-04-01 0 days 2,049 sqft
    2018-05-01 0 days 2,078 sqft
    2018-06-01 0 days 2,148 sqft
    2018-07-01 0 days 2,113 sqft
    2018-08-01 0 days 2,134 sqft
    2018-09-01 0 days 2,103 sqft
    2018-10-01 0 days 2,123 sqft
    2018-11-01 0 days 2,145 sqft
    2018-12-01 0 days 2,108 sqft
    2019-01-01 0 days 2,102 sqft
    2019-02-01 0 days 2,123 sqft
    2019-03-01 0 days 2,096 sqft
    2019-04-01 0 days 2,108 sqft
    2019-05-01 0 days 2,147 sqft
    2019-06-01 0 days 2,104 sqft
    2019-07-01 0 days 2,150 sqft
    2019-08-01 0 days 2,152 sqft
    2019-09-01 0 days 2,182 sqft
    2019-10-01 0 days 2,140 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,103 sqft
    2020-01-01 0 days 2,072 sqft
    2020-02-01 0 days 2,100 sqft
    2020-03-01 0 days 2,114 sqft
    2020-04-01 0 days 2,100 sqft
    2020-05-01 0 days 2,150 sqft
    2020-06-01 0 days 2,145 sqft
    2020-07-01 0 days 2,105 sqft
    2020-08-01 0 days 2,104 sqft
    2020-09-01 0 days 2,038 sqft
    2020-10-01 0 days 1,984 sqft
    2020-11-01 0 days 1,938 sqft
    2020-12-01 0 days 1,915 sqft
    2021-01-01 0 days 1,948 sqft
    2021-02-01 0 days 1,859 sqft
    2021-03-01 0 days 1,951 sqft
    2021-04-01 0 days 1,968 sqft
    2021-05-01 0 days 2,048 sqft
    2021-06-01 0 days 1,998 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 2,010 sqft
    2021-09-01 0 days 1,986 sqft
    2021-10-01 0 days 1,922 sqft
    2021-11-01 0 days 1,923 sqft
    2021-12-01 0 days 1,914 sqft
    2022-01-01 0 days 2,000 sqft
    2022-02-01 0 days 2,023 sqft
    2022-03-01 0 days 1,965 sqft
    2022-04-01 0 days 2,052 sqft
    2022-05-01 0 days 2,166 sqft
    2022-06-01 0 days 2,203 sqft
    2022-07-01 0 days 2,178 sqft
    2022-08-01 0 days 2,171 sqft
    2022-09-01 0 days 2,156 sqft
    2022-10-01 0 days 2,052 sqft
    2022-11-01 0 days 2,019 sqft
    2022-12-01 0 days 2,037 sqft
    2023-01-01 0 days 2,050 sqft
    2023-02-01 0 days 2,024 sqft
    2023-03-01 0 days 2,052 sqft
    2023-04-01 0 days 2,052 sqft
    Winchester's median listing age (time on market) for 2023-04-01 was 0 days.

    Winchester's median square footage for active listings during the 2023-04-01 period was 2,052 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.