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 157 lenders originated 2,280 VA loans during 2021. The total origination value was $518,980,000, with an average VA loan value of $227,623.
Winston VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Winston
averaged
6.35%
for the week of 2023-01-27, compared to the national average (all VA variants) of
5.952% for the same period.
Winston's average VA mortgage closing costs are $4,446.
The average rate for the prior week (2023-01-20) was
5.98% and
one month ago for the week of 2022-12-23, the
average rate was 6.75%.
The average rate one year ago was 4.05%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.31%.
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.
The top Winston VA lender as defined by loan originations is QUICKEN LOANS, LLC, with
253 VA loans originated. Their average total fees are
$4,496, which is $263
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Winston VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($1,887), FREEDOM MORTGAGE CORPORATION ($2,583), USAA Federal Savings Bank ($3,039), VILLAGE CAPITAL MORTGAGE ($3,068) and InterContinental Capital Group, Inc ($3,206).
The lowest rate Winston VA lenders (with over 10 loans originated) are
CLEARPATH LENDING (2.34%), VILLAGE CAPITAL MORTGAGE (2.36%), Low VA Rates, LLC (2.36%), NAVY FEDERAL CREDIT UNION (2.46%) and PENNYMAC LOAN SERVICES, LLC (2.47%).
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 | $204,529 (10.6%) | $301,874 (14.5%) | 0.76 | 2,074 |
| 2018-02-01 | $218,925 (17.2%) | $312,487 (16.4%) | 0.79 | 2,034 |
| 2018-03-01 | $228,335 (18.3%) | $314,409 (13.3%) | 0.80 | 2,104 |
| 2018-04-01 | $233,118 (17.2%) | $317,961 (11.9%) | 0.79 | 2,158 |
| 2018-05-01 | $239,371 (18.9%) | $319,973 (11.1%) | 0.80 | 2,231 |
| 2018-06-01 | $240,000 (18.6%) | $319,002 (10.8%) | 0.80 | 2,275 |
| 2018-07-01 | $243,495 (18.8%) | $314,296 (6.9%) | 0.81 | 2,351 |
| 2018-08-01 | $238,820 (19.4%) | $305,456 (3.4%) | 0.80 | 2,153 |
| 2018-09-01 | $239,000 (19.6%) | $305,246 (4.2%) | 0.80 | 2,177 |
| 2018-10-01 | $239,900 (17.9%) | $304,328 (1.7%) | 0.81 | 2,165 |
| 2018-11-01 | $232,400 (12.0%) | $298,331 (-1.1%) | 0.79 | 2,105 |
| 2018-12-01 | $229,725 (14.9%) | $296,666 (-0.4%) | 0.79 | 1,892 |
| 2019-01-01 | $234,450 (14.6%) | $300,132 (-0.6%) | 0.81 | 1,762 |
| 2019-02-01 | $242,025 (10.6%) | $310,681 (-0.6%) | 0.82 | 1,697 |
| 2019-03-01 | $255,471 (11.9%) | $322,012 (2.4%) | 0.84 | 1,754 |
| 2019-04-01 | $267,960 (15.0%) | $333,617 (4.9%) | 0.85 | 1,794 |
| 2019-05-01 | $273,575 (14.3%) | $338,659 (5.8%) | 0.86 | 1,861 |
| 2019-06-01 | $274,950 (14.6%) | $343,639 (7.7%) | 0.86 | 1,870 |
| 2019-07-01 | $275,000 (12.9%) | $345,348 (9.9%) | 0.86 | 1,845 |
| 2019-08-01 | $276,443 (15.8%) | $345,026 (13.0%) | 0.88 | 1,864 |
| 2019-09-01 | $274,107 (14.7%) | $344,606 (12.9%) | 0.88 | 1,899 |
| 2019-10-01 | $273,905 (14.2%) | $347,187 (14.1%) | 0.88 | 1,902 |
| 2019-11-01 | $274,900 (18.3%) | $349,033 (17.0%) | 0.90 | 1,790 |
| 2019-12-01 | $270,000 (17.5%) | $346,330 (16.7%) | 0.90 | 1,630 |
| 2020-01-01 | $269,950 (15.1%) | $348,008 (16.0%) | 0.90 | 1,531 |
| 2020-02-01 | $289,900 (19.8%) | $368,089 (18.5%) | 0.95 | 1,423 |
| 2020-03-01 | $288,655 (13.0%) | $366,050 (13.7%) | 0.90 | 1,446 |
| 2020-04-01 | $283,881 (5.9%) | $365,196 (9.5%) | 0.89 | 1,527 |
| 2020-05-01 | $299,800 (9.6%) | $381,119 (12.5%) | 0.91 | 1,373 |
| 2020-06-01 | $300,694 (9.4%) | $390,323 (13.6%) | 0.89 | 1,241 |
| 2020-07-01 | $309,500 (12.6%) | $398,473 (15.4%) | 0.90 | 1,121 |
| 2020-08-01 | $302,780 (9.5%) | $386,374 (12.0%) | 0.87 | 1,064 |
| 2020-09-01 | $299,200 (9.2%) | $370,787 (7.6%) | 0.86 | 1,089 |
| 2020-10-01 | $299,900 (9.5%) | $375,217 (8.1%) | 0.86 | 1,070 |
| 2020-11-01 | $279,900 (1.8%) | $352,741 (1.1%) | 0.82 | 986 |
| 2020-12-01 | $269,499 (-0.2%) | $352,277 (1.7%) | 0.80 | 895 |
| 2021-01-01 | $272,990 (1.1%) | $350,707 (0.8%) | 0.81 | 789 |
| 2021-02-01 | $280,526 (-3.2%) | $362,438 (-1.5%) | 0.82 | 687 |
| 2021-03-01 | $282,448 (-2.2%) | $380,355 (3.9%) | 0.80 | 657 |
| 2021-04-01 | $278,548 (-1.9%) | $376,461 (3.1%) | 0.75 | 649 |
| 2021-05-01 | $265,000 (-11.6%) | $355,043 (-6.8%) | 0.70 | 662 |
| 2021-06-01 | $267,450 (-11.1%) | $354,124 (-9.3%) | 0.70 | 732 |
| 2021-07-01 | $274,609 (-11.3%) | $349,959 (-12.2%) | 0.72 | 777 |
| 2021-08-01 | $267,400 (-11.7%) | $341,255 (-11.7%) | 0.71 | 822 |
| 2021-09-01 | $266,900 (-10.8%) | $340,569 (-8.2%) | 0.71 | 890 |
| 2021-10-01 | $269,900 (-10.0%) | $345,824 (-7.8%) | 0.72 | 894 |
| 2021-11-01 | $275,000 (-1.8%) | $345,371 (-2.1%) | 0.73 | 837 |
| 2021-12-01 | $269,323 (-0.1%) | $340,636 (-3.3%) | 0.73 | 700 |
| 2022-01-01 | $290,164 (6.3%) | $368,018 (4.9%) | 0.78 | 576 |
| 2022-02-01 | $291,935 (4.1%) | $372,201 (2.7%) | 0.76 | 533 |
| 2022-03-01 | $287,225 (1.7%) | $366,531 (-3.6%) | 0.72 | 573 |
| 2022-04-01 | $299,900 (7.7%) | $371,882 (-1.2%) | 0.72 | 609 |
| 2022-05-01 | $302,945 (14.3%) | $374,653 (5.5%) | 0.69 | 769 |
| 2022-06-01 | $315,195 (17.9%) | $381,919 (7.9%) | 0.70 | 844 |
| 2022-07-01 | $320,000 (16.5%) | $379,818 (8.5%) | 0.72 | 946 |
| 2022-08-01 | $318,995 (19.3%) | $368,260 (7.9%) | 0.74 | 1,024 |
| 2022-09-01 | $315,000 (18.0%) | $367,690 (8.0%) | 0.74 | 1,019 |
| 2022-10-01 | $319,990 (18.6%) | $373,601 (8.0%) | 0.75 | 1,094 |
| 2022-11-01 | $320,075 (16.4%) | $373,767 (8.2%) | 0.77 | 1,091 |
| 2022-12-01 | $319,900 (18.8%) | $375,600 (10.3%) | 0.80 | 1,058 |
Winston's median listing price comes in at 80% of the national average.
Winston's average listing price for 2022-12-01 was $375,600, a difference of $34,964 (10.3%) versus the prior year and $1,833 versus the prior month.
For the 2022-12-01 period, Winston had 1,058 MLS listings, a difference of -33 listings (-3%) versus the prior month and 358 listings (51%) 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 | 1,997 sqft |
| 2018-02-01 | 100 days | 2,106 sqft |
| 2018-03-01 | 72 days | 2,138 sqft |
| 2018-04-01 | 68 days | 2,167 sqft |
| 2018-05-01 | 65 days | 2,201 sqft |
| 2018-06-01 | 65 days | 2,222 sqft |
| 2018-07-01 | 70 days | 2,247 sqft |
| 2018-08-01 | 68 days | 2,216 sqft |
| 2018-09-01 | 71 days | 2,209 sqft |
| 2018-10-01 | 74 days | 2,174 sqft |
| 2018-11-01 | 79 days | 2,109 sqft |
| 2018-12-01 | 93 days | 2,079 sqft |
| 2019-01-01 | 99 days | 2,083 sqft |
| 2019-02-01 | 97 days | 2,137 sqft |
| 2019-03-01 | 78 days | 2,206 sqft |
| 2019-04-01 | 58 days | 2,254 sqft |
| 2019-05-01 | 57 days | 2,170 sqft |
| 2019-06-01 | 62 days | 2,352 sqft |
| 2019-07-01 | 68 days | 2,331 sqft |
| 2019-08-01 | 70 days | 2,323 sqft |
| 2019-09-01 | 67 days | 2,304 sqft |
| 2019-10-01 | 65 days | 2,312 sqft |
| 2019-11-01 | 71 days | 2,341 sqft |
| 2019-12-01 | 81 days | 2,277 sqft |
| 2020-01-01 | 86 days | 2,192 sqft |
| 2020-02-01 | 86 days | 2,292 sqft |
| 2020-03-01 | 59 days | 2,312 sqft |
| 2020-04-01 | 55 days | 2,522 sqft |
| 2020-05-01 | 70 days | 2,591 sqft |
| 2020-06-01 | 75 days | 2,595 sqft |
| 2020-07-01 | 65 days | 2,666 sqft |
| 2020-08-01 | 57 days | 2,504 sqft |
| 2020-09-01 | 45 days | 2,511 sqft |
| 2020-10-01 | 50 days | 2,509 sqft |
| 2020-11-01 | 70 days | 2,391 sqft |
| 2020-12-01 | 86 days | 2,062 sqft |
| 2021-01-01 | 85 days | 2,122 sqft |
| 2021-02-01 | 79 days | 1,999 sqft |
| 2021-03-01 | 48 days | 2,115 sqft |
| 2021-04-01 | 50 days | 1,823 sqft |
| 2021-05-01 | 60 days | 1,929 sqft |
| 2021-06-01 | 48 days | 1,936 sqft |
| 2021-07-01 | 50 days | 1,893 sqft |
| 2021-08-01 | 38 days | 1,877 sqft |
| 2021-09-01 | 37 days | 1,887 sqft |
| 2021-10-01 | 39 days | 1,873 sqft |
| 2021-11-01 | 47 days | 1,807 sqft |
| 2021-12-01 | 53 days | 1,783 sqft |
| 2022-01-01 | 59 days | 1,698 sqft |
| 2022-02-01 | 51 days | 1,665 sqft |
| 2022-03-01 | 34 days | 1,887 sqft |
| 2022-04-01 | 36 days | 1,950 sqft |
| 2022-05-01 | 36 days | 1,972 sqft |
| 2022-06-01 | 37 days | 1,982 sqft |
| 2022-07-01 | 39 days | 1,975 sqft |
| 2022-08-01 | 43 days | 1,941 sqft |
| 2022-09-01 | 46 days | 1,950 sqft |
| 2022-10-01 | 45 days | 2,000 sqft |
| 2022-11-01 | 52 days | 2,100 sqft |
| 2022-12-01 | 60 days | 1,960 sqft |
Winston's median square footage for active listings during the 2022-12-01 period was 1,960 sqft. One year prior, the average listing was 1,783 sqft.