Winston VA Loan Rates, Closing Costs & Stats

WINSTON-SALEM, NC

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.

Winston's 105 lenders originated 937 VA loans during 2023. The total origination value was $274,185,000, with an average VA loan value of $292,620.

Winston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Winston averaged 0.04% for the week of 2024-06-21, compared to the national average (all VA variants) of 0% for the same period.

Winston's average VA mortgage closing costs are $5,276.

The average rate for the prior week (2024-06-14) was 6.34% and one month ago for the week of 2024-05-17, the average rate was 6.33%.

The average rate one year ago was 6.54%.

For refis of the same type during the week of 2024-06-21, the average rate was -0.05%.

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

Winston 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 Winston level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 153 6.77% $5,935
QUICKEN LOANS, LLC 62 6.11% $9,635
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 51 6.64% $7,157
DHI MORTGAGE COMPANY, LTD. 47 5.36% $5,293
MOVEMENT MORTGAGE, LLC 44 6.34% $7,735
NAVY FEDERAL CREDIT UNION 34 5.94% $5,483
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 6.53% $6,105
NEW DAY FINANCIAL, LLC 27 7.68% $12,759
USAA Federal Savings Bank 25 6.23% $6,112
UNITED WHOLESALE MORTGAGE, LLC 23 6.55% $10,438
FREEDOM MORTGAGE CORPORATION 23 6.76% $12,033
PENNYMAC LOAN SERVICES, LLC 18 5.60% $6,318
LOANDEPOT.COM, LLC 17 6.18% $9,027
The Federal Savings Bank 16 6.43% $13,959
INSPIRE HOME LOANS INC. 15 6.12% $5,701
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 15 6.45% $11,414
CROSSCOUNTRY MORTGAGE, LLC 14 6.56% $8,580
GUARANTEED RATE, INC. 14 6.20% $6,815
Wells Fargo Bank 14 5.44% $2,932
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 7.30% $6,851
CARDINAL FINANCIAL 12 6.50% $15,060
VANDERBILT MORTGAGE AND FINANCE, INC. 10 5.94% $1,388
NEWREZ LLC 10 6.44% $7,065
HOMESIDE FINANCIAL, LLC 10 6.45% $9,234
VILLAGE CAPITAL MORTGAGE 9 6.24% $8,121
UNION HOME MORTGAGE CORP. 9 7.06% $6,783
CMG MORTGAGE, INC. 8 6.42% $6,629
INTERCOASTAL MORTGAGE COMPANY 8 6.66% $10,205
Ameris Bank 8 6.55% $10,031
ACADEMY MORTGAGE CORPORATION 8 7.23% $8,398
Mr. Cooper ( Nationstar Mortgage ) 6 6.06% $12,288
AMERISAVE MORTGAGE CORPORATION 6 5.56% $11,215
PLAZA HOME MORTGAGE, INC. 6 6.23% $8,384
Barrington Bank & Trust Company, N.A. 5 6.65% $12,028
Plains Commerce Bank 5 6.18% $12,963
PENTAGON FEDERAL CREDIT UNION 5 5.28% $7,115
Atlantic Coast Mortgage, LLC 5 6.63% $3,206
Prosperity Home Mortgage, LLC 5 6.17% $8,857
Allen Tate Mortgage Partners, LLC 4 6.16% $5,046
Blue Ridge Bank 4 6.69% $5,792
CORNERSTONE HOME LENDING, INC. 4 6.63% $4,829
GUILD MORTGAGE COMPANY 3 6.96% $7,613
NBKC BANK 3 6.17% $6,496
PLANET HOME LENDING, LLC 3 6.37% $6,282
SeaTrust Mortgage Company 3 6.50% $2,473
Truist 3 6.24% $11,084
LOANPAL, LLC 3 5.83% $11,322
MILEND, INC. 3 6.92% $10,943
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.25% $10,724
Truliant Federal Credit Union 2 6.88% $7,070
TOWNE MORTGAGE COMPANY 2 7.44% $3,415
Pinnacle Bank 2 6.06% $8,578
Magnolia Bank 2 6.06% $26,237
CONTOUR MORTGAGE CORPORATION 2 6.31% $9,421
MICHIGAN MUTUAL, INC. 2 5.75% $3,827
Mid-Continent Funding, Inc. 2 6.56% $10,971
EAGLE HOME MORTGAGE, LLC 2 5.81% $11,566
The Fidelity Bank 2 7.00% $7,999
MORTGAGEONE, INC. 2 7.06% $7,851
First Federal Bank 2 6.00% $9,307
RELIANCE FIRST CAPITAL, LLC 2 6.94% $7,872
HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.25% $11,047
U.S. Bank 2 6.06% $9,431
ZILLOW HOME LOANS, LLC 1 6.13% $4,863
Alcova Mortgage LLC 1 7.38% $1,339
AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $11,802
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $10,777
AMERICAN FINANCING CORPORATION 1 5.25% $6,869
American Mortgage & Equity Consultants, Inc. 1 6.25% $8,837
American Security Mortgage Corp. 1 6.13% $6,001
AmeriHome Mortgage Company, LLC 1 6.63% $6,260
BM Real Estate Services, Inc. 1 7.75% $53
BNC National Bank 1 5.25% $10,047
Capital Bank 1 6.63% $5,771
Century Mortgage Company DBA Century Lending Company 1 6.63% $5,612
Citizens Bank 1 6.25% $6,565
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.63% $21,995
DIRECT MORTGAGE LOANS, LLC 1 6.63% $20,470
Equity Prime Mortgage LLC 1 7.38% $585
FIDELITY DIRECT MORTGAGE, LLC 1 6.75% $14,526
First Federal Bank 1 6.75% $3,899
Flagstar Bank, FSB 1 6.61% $2,443
Gateway First Bank 1 7.75% $11,465
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $8,825
Ixonia Bank 1 6.63% $17,026
JPMorgan Chase Bank 1 7.25% $500
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $14,336
MDE Home Loans, LLC 1 6.63% $0
MORTGAGE FINANCIAL GROUP, INC. 1 6.75% $2,490
North American Savings Bank, F.S.B. 1 5.75% $12,216
Northpointe Bank 1 6.13% $8,173
NP, Inc. 1 6.75% $3,735
ONY GLO, INC. 1 6.99% $7,262
Paramount Residential Mortgage Group, Inc. 1 6.63% $8,458
PREMIER LENDING, INC. 1 6.88% $14,513
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $516
RADIUS FINANCIAL GROUP INC. 1 7.25% $9,979
Renasant Bank 1 5.75% $4,992
Strong Home Mortgage, LLC 1 5.75% $3,003
SUN WEST MORTGAGE COMPANY, INC. 1 7.13% $10,455
T2 FINANCIAL LLC 1 6.50% $18,032
The Central Trust Bank 1 5.75% $5,622
Towne Mortgage of the Carolinas, LLC 1 7.75% $7,134
Victorian Finance, LLC 1 6.38% $8,163
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.75% $7,564

The top Winston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 153 VA loans originated. Their average total fees are $5,935, which is $3,699 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Winston VA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. ($1,388), Wells Fargo Bank ($2,932), DHI MORTGAGE COMPANY, LTD. ($5,293), NAVY FEDERAL CREDIT UNION ($5,483) and INSPIRE HOME LOANS INC. ($5,701).

The lowest rate Winston VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.36%), Wells Fargo Bank (5.44%), PENNYMAC LOAN SERVICES, LLC (5.60%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.94%) and NAVY FEDERAL CREDIT UNION (5.94%).


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 $204,150 (10.4%) $301,976 (14.5%) 0.76 2,077
2018-02-01 $218,675 (17.1%) $312,575 (16.3%) 0.79 2,037
2018-03-01 $228,118 (18.2%) $314,482 (13.3%) 0.80 2,107
2018-04-01 $233,009 (17.2%) $318,006 (11.9%) 0.79 2,161
2018-05-01 $239,371 (18.5%) $319,988 (11.1%) 0.80 2,233
2018-06-01 $240,000 (18.6%) $319,048 (10.7%) 0.80 2,275
2018-07-01 $243,950 (19.1%) $316,025 (7.4%) 0.81 2,351
2018-08-01 $238,923 (19.5%) $305,813 (3.5%) 0.80 2,154
2018-09-01 $239,000 (19.6%) $305,604 (4.2%) 0.80 2,179
2018-10-01 $239,900 (17.8%) $304,662 (1.8%) 0.81 2,167
2018-11-01 $232,400 (12.0%) $298,707 (-1.1%) 0.79 2,106
2018-12-01 $229,900 (15.0%) $297,114 (-0.3%) 0.79 1,892
2019-01-01 $234,900 (15.1%) $300,710 (-0.4%) 0.81 1,764
2019-02-01 $242,730 (11.0%) $311,317 (-0.4%) 0.82 1,699
2019-03-01 $255,471 (12.0%) $322,534 (2.6%) 0.84 1,755
2019-04-01 $267,950 (15.0%) $333,948 (5.0%) 0.85 1,793
2019-05-01 $273,825 (14.4%) $339,026 (6.0%) 0.86 1,856
2019-06-01 $275,000 (14.6%) $343,994 (7.8%) 0.86 1,866
2019-07-01 $275,588 (13.0%) $345,941 (9.5%) 0.86 1,843
2019-08-01 $277,444 (16.1%) $345,619 (13.0%) 0.88 1,862
2019-09-01 $275,110 (15.1%) $345,198 (13.0%) 0.88 1,896
2019-10-01 $274,407 (14.4%) $347,791 (14.2%) 0.89 1,899
2019-11-01 $274,900 (18.3%) $349,504 (17.0%) 0.90 1,785
2019-12-01 $270,000 (17.4%) $346,730 (16.7%) 0.90 1,625
2020-01-01 $269,950 (14.9%) $348,500 (15.9%) 0.90 1,526
2020-02-01 $289,990 (19.5%) $368,872 (18.5%) 0.95 1,416
2020-03-01 $288,678 (13.0%) $366,811 (13.7%) 0.90 1,438
2020-04-01 $283,881 (6.0%) $365,810 (9.5%) 0.89 1,521
2020-05-01 $299,900 (9.5%) $381,858 (12.6%) 0.91 1,367
2020-06-01 $301,359 (9.6%) $391,174 (13.7%) 0.89 1,235
2020-07-01 $309,500 (12.3%) $399,454 (15.5%) 0.90 1,114
2020-08-01 $303,390 (9.4%) $387,190 (12.0%) 0.87 1,057
2020-09-01 $299,200 (8.8%) $371,559 (7.6%) 0.86 1,083
2020-10-01 $299,900 (9.3%) $376,131 (8.2%) 0.86 1,065
2020-11-01 $279,448 (1.7%) $352,933 (1.0%) 0.82 979
2020-12-01 $269,450 (-0.2%) $353,106 (1.8%) 0.80 890
2021-01-01 $271,445 (0.6%) $351,824 (1.0%) 0.81 784
2021-02-01 $279,975 (-3.5%) $362,784 (-1.7%) 0.82 680
2021-03-01 $282,370 (-2.2%) $380,519 (3.7%) 0.80 652
2021-04-01 $277,741 (-2.2%) $376,873 (3.0%) 0.75 642
2021-05-01 $265,000 (-11.6%) $355,587 (-6.9%) 0.70 655
2021-06-01 $267,450 (-11.3%) $354,478 (-9.4%) 0.70 726
2021-07-01 $274,317 (-11.4%) $350,241 (-12.3%) 0.72 771
2021-08-01 $267,400 (-11.9%) $341,469 (-11.8%) 0.71 818
2021-09-01 $267,900 (-10.5%) $340,921 (-8.3%) 0.71 887
2021-10-01 $269,900 (-10.0%) $346,703 (-7.8%) 0.72 895
2021-11-01 $275,000 (-1.6%) $345,773 (-2.0%) 0.74 840
2021-12-01 $269,448 (0.0%) $341,111 (-3.4%) 0.73 701
2022-01-01 $290,328 (7.0%) $368,879 (4.9%) 0.78 571
2022-02-01 $293,995 (5.0%) $373,396 (2.9%) 0.76 533
2022-03-01 $287,450 (1.8%) $367,860 (-3.3%) 0.72 570
2022-04-01 $299,900 (8.0%) $372,557 (-1.2%) 0.71 604
2022-05-01 $303,984 (14.7%) $375,745 (5.7%) 0.69 762
2022-06-01 $317,475 (18.7%) $382,925 (8.0%) 0.71 838
2022-07-01 $320,000 (16.7%) $380,434 (8.6%) 0.72 937
2022-08-01 $320,493 (19.9%) $368,682 (8.0%) 0.74 1,016
2022-09-01 $315,000 (17.6%) $368,033 (8.0%) 0.74 1,011
2022-10-01 $320,000 (18.6%) $374,143 (7.9%) 0.75 1,091
2022-11-01 $320,200 (16.4%) $374,202 (8.2%) 0.77 1,087
2022-12-01 $319,997 (18.8%) $378,199 (10.9%) 0.79 1,037
2023-01-01 $325,000 (11.9%) $379,661 (2.9%) 0.81 971
2023-02-01 $329,787 (12.2%) $382,763 (2.5%) 0.80 960
2023-03-01 $332,882 (15.8%) $382,988 (4.1%) 0.79 904
2023-04-01 $339,900 (13.3%) $400,796 (7.6%) 0.79 899
2023-05-01 $345,899 (13.8%) $406,287 (8.1%) 0.78 873
2023-06-01 $340,659 (7.3%) $419,543 (9.6%) 0.77 888
2023-07-01 $340,000 (6.3%) $428,936 (12.8%) 0.77 895
2023-08-01 $339,898 (6.1%) $427,265 (15.9%) 0.78 960
2023-09-01 $331,508 (5.2%) $415,131 (12.8%) 0.77 1,042
2023-10-01 $335,000 (4.7%) $413,178 (10.4%) 0.79 1,099
2023-11-01 $334,950 (4.6%) $405,060 (8.3%) 0.80 1,180
2023-12-01 $329,995 (3.1%) $397,435 (5.1%) 0.80 1,181
2024-01-01 $335,000 (3.1%) $398,574 (5.0%) 0.82 1,079
2024-02-01 $329,325 (-0.1%) $394,296 (3.0%) 0.79 1,061
2024-03-01 $335,000 (0.6%) $407,946 (6.5%) 0.79 1,096
2024-04-01 $337,450 (-0.7%) $416,221 (3.9%) 0.78 1,142
2024-05-01 $357,945 (3.5%) $432,797 (6.5%) 0.81 1,167
Winston's median listing price for 2024-05-01 was $357,945, a difference of $12,046 (3.5%) versus the prior year and $20,495 versus the prior month.

Winston's median listing price comes in at 81% of the national average.

Winston's average listing price for 2024-05-01 was $432,797, a difference of $26,510 (6.5%) versus the prior year and $16,576 versus the prior month.

For the 2024-05-01 period, Winston had 1,167 MLS listings, a difference of 25 listings (2%) versus the prior month and 294 listings (34%) 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 92 days 2,053 sqft
2018-02-01 86 days 2,112 sqft
2018-03-01 60 days 2,141 sqft
2018-04-01 59 days 2,170 sqft
2018-05-01 58 days 2,204 sqft
2018-06-01 58 days 2,222 sqft
2018-07-01 66 days 2,250 sqft
2018-08-01 65 days 2,216 sqft
2018-09-01 65 days 2,209 sqft
2018-10-01 70 days 2,175 sqft
2018-11-01 75 days 2,108 sqft
2018-12-01 85 days 2,079 sqft
2019-01-01 94 days 2,084 sqft
2019-02-01 92 days 2,137 sqft
2019-03-01 71 days 2,155 sqft
2019-04-01 54 days 2,135 sqft
2019-05-01 52 days 2,079 sqft
2019-06-01 58 days 2,296 sqft
2019-07-01 64 days 2,245 sqft
2019-08-01 64 days 2,250 sqft
2019-09-01 61 days 2,250 sqft
2019-10-01 59 days 2,256 sqft
2019-11-01 65 days 2,250 sqft
2019-12-01 76 days 2,208 sqft
2020-01-01 80 days 2,148 sqft
2020-02-01 79 days 2,114 sqft
2020-03-01 52 days 2,107 sqft
2020-04-01 50 days 2,294 sqft
2020-05-01 64 days 2,524 sqft
2020-06-01 69 days 2,590 sqft
2020-07-01 57 days 2,702 sqft
2020-08-01 51 days 2,518 sqft
2020-09-01 41 days 2,535 sqft
2020-10-01 46 days 2,482 sqft
2020-11-01 63 days 2,386 sqft
2020-12-01 79 days 1,925 sqft
2021-01-01 78 days 2,008 sqft
2021-02-01 73 days 1,998 sqft
2021-03-01 45 days 2,104 sqft
2021-04-01 45 days 1,847 sqft
2021-05-01 51 days 1,924 sqft
2021-06-01 44 days 1,827 sqft
2021-07-01 46 days 1,840 sqft
2021-08-01 37 days 1,892 sqft
2021-09-01 36 days 1,892 sqft
2021-10-01 38 days 1,893 sqft
2021-11-01 45 days 1,891 sqft
2021-12-01 52 days 1,795 sqft
2022-01-01 57 days 1,808 sqft
2022-02-01 48 days 1,777 sqft
2022-03-01 32 days 1,936 sqft
2022-04-01 35 days 1,986 sqft
2022-05-01 35 days 1,994 sqft
2022-06-01 37 days 2,081 sqft
2022-07-01 39 days 2,117 sqft
2022-08-01 43 days 1,993 sqft
2022-09-01 45 days 1,982 sqft
2022-10-01 44 days 2,104 sqft
2022-11-01 51 days 2,110 sqft
2022-12-01 58 days 2,108 sqft
2023-01-01 63 days 2,167 sqft
2023-02-01 48 days 2,194 sqft
2023-03-01 45 days 2,178 sqft
2023-04-01 40 days 2,192 sqft
2023-05-01 46 days 2,157 sqft
2023-06-01 44 days 2,164 sqft
2023-07-01 43 days 2,083 sqft
2023-08-01 42 days 2,124 sqft
2023-09-01 42 days 2,083 sqft
2023-10-01 42 days 2,083 sqft
2023-11-01 44 days 2,049 sqft
2023-12-01 51 days 2,006 sqft
2024-01-01 60 days 1,977 sqft
2024-02-01 48 days 1,932 sqft
2024-03-01 44 days 1,774 sqft
2024-04-01 43 days 1,789 sqft
2024-05-01 41 days 1,847 sqft
Winston's median listing age (time on market) for 2024-05-01 was 41 days. This is -10% shorter than the same period one year ago.

Winston's median square footage for active listings during the 2024-05-01 period was 1,847 sqft. One year prior, the average listing was 2,157 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.