Winston VA Loans

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 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 5.56% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.49% and one month ago for the week of 2022-04-08, the average rate was 4.91%.

The average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.52%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Winston level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 253 2.50% $4,496
Mortgage Research Center, LLC 215 2.91% $4,760
FREEDOM MORTGAGE CORPORATION 154 2.53% $2,583
PENNYMAC LOAN SERVICES, LLC 96 2.47% $4,896
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 80 2.90% $4,202
VILLAGE CAPITAL & INVESTMENT LLC 76 2.36% $3,068
NAVY FEDERAL CREDIT UNION 64 2.46% $4,551
USAA Federal Savings Bank 60 2.84% $3,039
MOVEMENT MORTGAGE, LLC 59 2.90% $4,101
NEW DAY FINANCIAL, LLC 54 2.87% $6,551
LAKEVIEW LOAN SERVICING, LLC 48 2.48% $1,887
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 42 3.06% $5,952
Wells Fargo Bank 34 2.52% $4,256
LOANDEPOT.COM, LLC 32 2.51% $4,525
CLEARPATH LENDING 30 2.34% $4,335
UNITED WHOLESALE MORTGAGE, LLC 26 2.58% $4,935
Low VA Rates, LLC 25 2.36% $3,899
CALIBER HOME LOANS, INC. 24 2.67% $3,485
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 23 3.02% $6,796
HOME POINT FINANCIAL CORPORATION 22 2.48% $5,447
The Federal Savings Bank 21 2.68% $9,514
CERTAINTY HOME LOANS, LLC 20 2.97% $6,255
GUARANTEED RATE, INC. 20 2.84% $4,748
Mr. Cooper ( Nationstar Mortgage ) 20 2.93% $3,564
NEWREZ LLC 15 2.63% $6,376
DHI MORTGAGE COMPANY, LTD. 14 2.68% $5,533
Barrington Bank & Trust Company, N.A. 14 2.95% $7,445
InterContinental Capital Group, Inc 14 2.52% $3,206
Truist Bank 13 2.62% $4,220
Carrington Mortgage Services, LLC 12 3.02% $4,527
UNION HOME MORTGAGE CORP. 12 2.57% $6,299
First Guaranty Mortgage Corporation 11 2.60% $4,318
HAMILTON HOME LOANS, INC. 10 2.98% $7,111
INTERCOASTAL MORTGAGE COMPANY 9 2.76% $7,622
Blue Ridge Bank 9 3.15% $9,339
AMERISAVE MORTGAGE CORPORATION 9 2.63% $6,502
NP, Inc. 9 2.39% $7,560
AMERICAN FINANCIAL NETWORK, INC. 8 2.53% $6,173
BROKER SOLUTIONS, INC. 8 2.75% $6,676
PENTAGON FEDERAL CREDIT UNION 8 2.47% $4,682
Prosperity Home Mortgage, LLC 8 2.53% $6,523
CMG MORTGAGE, INC. 7 2.66% $10,496
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 3.75% $4,918
LOANPAL, LLC 7 2.52% $5,418
Mid-Continent Funding, Inc. 7 2.96% $6,328
SUN WEST MORTGAGE COMPANY, INC. 6 2.79% $3,898
HOMESIDE FINANCIAL, LLC 6 2.67% $9,711
PLANET HOME LENDING, LLC 6 2.58% $2,159
Ameris Bank 6 2.88% $5,077
Wolfe Financial, Inc 6 3.17% $7,845
EQUITY RESOURCES, INC. 6 2.63% $5,016
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.52% $5,189
NFM, INC. 5 3.15% $3,959
CROSSCOUNTRY MORTGAGE, LLC 5 2.72% $4,458
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 2.68% $3,759
Flagstar Bank, FSB 5 3.69% $6,394
PLAZA HOME MORTGAGE, INC. 5 3.15% $7,415
Pinnacle Bank 5 2.33% $8,718
Magnolia Bank 5 2.53% $6,197
MCLEAN MORTGAGE CORPORATION 4 2.59% $4,615
Gateway First Bank 4 2.91% $4,599
HOMESTAR FINANCIAL CORPORATION 4 2.94% $4,325
PHH Mortgage Corporation 4 3.44% $2,952
SOUTHERN TRUST MORTGAGE, LLC 4 3.00% $3,605
KELLER MORTGAGE, LLC 4 2.81% $8,534
ACCELERATE MORTGAGE, LLC 4 2.25% $6,943
NBKC BANK 4 2.44% $3,731
Nations Lending Corporation 4 3.50% $7,126
Paramount Residential Mortgage Group, Inc. 4 2.97% $3,663
SOVEREIGN LENDING GROUP INCORPORATED 4 3.09% $8,947
The Fidelity Bank 4 2.97% $4,761
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.53% $8,740
Manufacturers and Traders Trust Company 4 2.63% $4,206
VANDERBILT MORTGAGE AND FINANCE, INC. 4 2.78% $6,752
RELIANCE FIRST CAPITAL, LLC 4 2.88% $6,561
TJC Mortgage, Inc. 4 2.28% $2,070
Allen Tate Mortgage Partners, LLC 4 3.03% $3,736
Alpha Mortgage Corporation 4 3.03% $2,814
First Federal Bank 3 3.75% $11,023
First Bank 3 2.25% $6,323
GSF Mortgage Corporation 3 2.33% $4,968
INSPIRE HOME LOANS INC. 3 3.13% $4,703
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.75% $5,398
Renasant Bank 3 2.79% $3,106
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.21% $4,504
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.50% $5,316
American Security Mortgage Corp. 3 2.29% $3,294
Alcova Mortgage LLC 3 2.75% $1,637
CHURCHILL MORTGAGE CORPORATION 3 2.50% $5,464
Hometown Lenders, Inc. 3 3.46% $4,824
Towne Bank 3 2.79% $11,640
Wyndham Capital Mortgage, Inc. 2 2.50% $6,057
ALLIED MORTGAGE GROUP, INC. 2 2.94% $3,612
AMERICAN FINANCING CORPORATION 2 3.50% $8,013
American National Bank and Trust Company 2 2.25% $2,174
AMERIFIRST FINANCIAL CORPORATION 2 2.88% $3,141
Bank of America 2 3.31% $4,646
Colten Mortgage, LLC 2 3.31% $6,773
CORNERSTONE HOME LENDING, INC. 2 2.75% $13,696
First Horizon Bank 2 2.88% $1,982
GoPrime Mortgage, Inc. 2 2.75% $2,572
JET HOMELOANS, LLC 2 3.06% $2,354
NATIONS DIRECT MORTGAGE, LLC 2 2.75% $8,830
North American Savings Bank, F.S.B. 2 2.31% $2,477
Paramount Bank 2 2.25% $9,298
Prime Choice Funding Inc. 2 2.31% $7,287
RAPID MORTGAGE COMPANY 2 3.50% $8,074
RESIDENTIAL MORTGAGE SERVICES, INC. 2 2.75% $1,339
SeaTrust Mortgage Company 2 2.69% $2,584
SUCCESS MORTGAGE PARTNERS, INC. 2 3.19% $8,531
T2 FINANCIAL LLC 2 2.81% $14,076
Lakeview Community Capital, LLC 1 2.63% $3,236
Keystone Funding, Inc. 1 2.50% $2,375
IMPAC MORTGAGE CORP. 1 2.25% $1,390
GUILD MORTGAGE COMPANY 1 2.63% $2,016
Goldwater Bank, N.A. 1 2.38% $5,838
Platinum Home Mortgage Corporation 1 3.75% $2,197
FLAT BRANCH MORTGAGE, INC. 1 2.88% $13,345
POLARIS HOME FUNDING CORP. 1 2.75% $8,970
Presidential Bank, FSB 1 2.88% $16,810
First Savings Bank 1 3.13% $2,575
US MORTGAGE CORPORATION 1 2.63% $3,254
First National Bank of Pennsylvania 1 2.75% $3,087
First Mortgage Solutions, LLC 1 2.25% $2,733
First Home Bank 1 3.75% $2,164
ANGEL OAK HOME LOANS LLC 1 2.75% $8,520
EMBRACE HOME LOANS, INC. 1 2.25% $2,828
CONTOUR MORTGAGE CORPORATION 1 2.63% $5,077
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.50% $2,619
RESOURCE FINANCIAL SERVICES, INC. 1 2.25% $12,798
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.75% $10,786
AMCAP MORTGAGE, LTD. 1 2.99% $7,058
Shamrock Home Loans, Inc. 1 3.00% $7,516
SHELTER HOME MORTGAGE, LLC 1 3.13% $14,875
Southern Bank and Trust Company 1 2.25% $6,905
Colonial Savings, F.A. 1 3.50% $5,293
CityWorth Mortgage LLC 1 3.00% $2,789
ACOPIA, LLC 1 2.63% $7,121
Citizens Bank 1 2.50% $17,515
Academy Bank 1 2.88% $3,943
CAPITAL CENTER, L.L.C. 1 3.00% $0
BNC National Bank 1 2.25% $1,558
BELEM SERVICING LLC 1 1.75% $6,884
Bank of England 1 2.50% $1,102
TOWNE MORTGAGE COMPANY 1 2.63% $12,877
Austin Capital Bank SSB 1 2.95% $5,221
Atlantic Coast Mortgage, LLC 1 2.63% $21,248
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 2.38% $2,185
UNITED SECURITY FINANCIAL CORP 1 1.75% $5,032
MORTGAGE FINANCIAL GROUP, INC. 1 3.88% $3,516
Arvest Bank 1 2.25% $5,645
Northpointe Bank 1 2.38% $7,640
MID AMERICA MORTGAGE, INC. 1 2.88% $4,276
OCEANSIDE MORTGAGE COMPANY 1 2.25% $968
OVM FINANCIAL, INC. 1 2.63% $12,193
Armed Forces Bank 1 3.25% $14,327
LENDUS, LLC 1 1.75% $7,929

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 & INVESTMENT LLC ($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 & INVESTMENT LLC (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 $207,250 (10.3%) $304,390 (12.4%) 0.76 2,124
2018-02-01 $222,400 (17.2%) $314,575 (13.9%) 0.80 2,085
2018-03-01 $229,900 (17.3%) $318,136 (12.5%) 0.80 2,147
2018-04-01 $234,450 (17.8%) $322,228 (12.6%) 0.79 2,206
2018-05-01 $239,950 (15.5%) $324,832 (11.8%) 0.80 2,279
2018-06-01 $242,500 (14.2%) $323,125 (10.5%) 0.81 2,323
2018-07-01 $244,900 (14.2%) $320,947 (7.6%) 0.82 2,401
2018-08-01 $241,448 (14.3%) $311,559 (3.7%) 0.81 2,209
2018-09-01 $239,900 (17.0%) $311,401 (4.5%) 0.80 2,229
2018-10-01 $239,250 (14.0%) $309,712 (2.2%) 0.80 2,227
2018-11-01 $230,603 (10.1%) $302,180 (-0.5%) 0.77 2,159
2018-12-01 $229,900 (15.0%) $301,697 (0.3%) 0.79 1,943
2019-01-01 $234,900 (13.3%) $306,210 (0.6%) 0.81 1,802
2019-02-01 $241,945 (8.8%) $316,058 (0.5%) 0.81 1,738
2019-03-01 $255,939 (11.3%) $329,787 (3.7%) 0.83 1,790
2019-04-01 $269,445 (14.9%) $343,080 (6.5%) 0.85 1,817
2019-05-01 $274,700 (14.5%) $346,400 (6.6%) 0.85 1,886
2019-06-01 $279,000 (15.1%) $352,538 (9.1%) 0.86 1,892
2019-07-01 $279,450 (14.1%) $354,031 (10.3%) 0.87 1,885
2019-08-01 $277,857 (15.1%) $352,204 (13.1%) 0.87 1,872
2019-09-01 $277,807 (15.8%) $349,969 (12.4%) 0.88 1,877
2019-10-01 $282,450 (18.1%) $356,454 (15.1%) 0.90 1,926
2019-11-01 $279,000 (21.0%) $356,840 (18.1%) 0.90 1,841
2019-12-01 $275,495 (19.8%) $354,979 (17.7%) 0.92 1,677
2020-01-01 $274,495 (16.9%) $356,852 (16.5%) 0.92 1,584
2020-02-01 $295,000 (21.9%) $378,755 (19.8%) 0.95 1,457
2020-03-01 $297,400 (16.2%) $379,112 (15.0%) 0.93 1,463
2020-04-01 $289,900 (7.6%) $376,137 (9.6%) 0.90 1,541
2020-05-01 $302,760 (10.2%) $395,667 (14.2%) 0.92 1,389
2020-06-01 $307,445 (10.2%) $402,987 (14.3%) 0.90 1,246
2020-07-01 $315,000 (12.7%) $412,790 (16.6%) 0.90 1,121
2020-08-01 $309,400 (11.4%) $396,670 (12.6%) 0.88 1,028
2020-09-01 $300,813 (8.3%) $378,915 (8.3%) 0.86 1,017
2020-10-01 $304,780 (7.9%) $383,675 (7.6%) 0.87 995
2020-11-01 $293,950 (5.4%) $377,912 (5.9%) 0.84 923
2020-12-01 $288,450 (4.7%) $384,499 (8.3%) 0.85 832
2021-01-01 $291,990 (6.4%) $379,671 (6.4%) 0.86 741
2021-02-01 $296,148 (0.4%) $390,451 (3.1%) 0.85 630
2021-03-01 $284,208 (-4.4%) $393,881 (3.9%) 0.80 586
2021-04-01 $281,973 (-2.7%) $398,060 (5.8%) 0.76 571
2021-05-01 $266,990 (-11.8%) $381,273 (-3.6%) 0.70 580
2021-06-01 $272,250 (-11.5%) $377,758 (-6.3%) 0.71 649
2021-07-01 $278,500 (-11.6%) $371,874 (-9.9%) 0.72 701
2021-08-01 $270,950 (-12.4%) $358,584 (-9.6%) 0.71 782
2021-09-01 $272,400 (-9.5%) $355,799 (-6.1%) 0.72 829
2021-10-01 $274,999 (-9.8%) $351,624 (-8.4%) 0.72 830
2021-11-01 $279,950 (-4.8%) $356,278 (-5.7%) 0.74 756
2021-12-01 $272,500 (-5.5%) $349,210 (-9.2%) 0.73 612
2022-01-01 $295,000 (1.0%) $379,103 (-0.2%) 0.79 486
2022-02-01 $294,115 (-0.7%) $372,976 (-4.5%) 0.75 433
2022-03-01 $291,700 (2.6%) $373,602 (-5.2%) 0.72 427
2022-04-01 $298,490 (5.9%) $375,388 (-5.7%) 0.70 439
Winston's median listing price for 2022-04-01 was $298,490, a difference of $16,517 (5.9%) versus the prior year and $6,790 versus the prior month.

Winston's median listing price comes in at 70% of the national average.

Winston's average listing price for 2022-04-01 was $375,388, a difference of $-22,672 (-5.7%) versus the prior year and $1,786 versus the prior month.

For the 2022-04-01 period, Winston had 439 MLS listings, a difference of 12 listings (3%) versus the prior month and -132 listings (-23%) 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 2,158 sqft
2018-02-01 99 days 2,125 sqft
2018-03-01 72 days 2,140 sqft
2018-04-01 68 days 2,168 sqft
2018-05-01 66 days 2,191 sqft
2018-06-01 65 days 2,208 sqft
2018-07-01 70 days 2,231 sqft
2018-08-01 68 days 2,201 sqft
2018-09-01 69 days 2,200 sqft
2018-10-01 74 days 2,156 sqft
2018-11-01 80 days 2,097 sqft
2018-12-01 93 days 2,081 sqft
2019-01-01 99 days 2,091 sqft
2019-02-01 96 days 2,140 sqft
2019-03-01 63 days 2,124 sqft
2019-04-01 57 days 2,135 sqft
2019-05-01 58 days 2,030 sqft
2019-06-01 64 days 2,426 sqft
2019-07-01 66 days 2,287 sqft
2019-08-01 69 days 2,416 sqft
2019-09-01 66 days 2,457 sqft
2019-10-01 65 days 2,195 sqft
2019-11-01 68 days 2,360 sqft
2019-12-01 78 days 2,341 sqft
2020-01-01 85 days 2,180 sqft
2020-02-01 84 days 2,140 sqft
2020-03-01 59 days 2,042 sqft
2020-04-01 54 days 2,231 sqft
2020-05-01 67 days 2,570 sqft
2020-06-01 74 days 2,671 sqft
2020-07-01 63 days 2,758 sqft
2020-08-01 58 days 2,596 sqft
2020-09-01 51 days 2,882 sqft
2020-10-01 49 days 2,904 sqft
2020-11-01 52 days 2,492 sqft
2020-12-01 61 days 2,154 sqft
2021-01-01 61 days 2,332 sqft
2021-02-01 59 days 2,618 sqft
2021-03-01 51 days 2,683 sqft
2021-04-01 41 days 2,088 sqft
2021-05-01 39 days 2,134 sqft
2021-06-01 38 days 2,346 sqft
2021-07-01 35 days 1,925 sqft
2021-08-01 37 days 2,000 sqft
2021-09-01 39 days 1,910 sqft
2021-10-01 41 days 1,811 sqft
2021-11-01 44 days 1,870 sqft
2021-12-01 50 days 1,876 sqft
2022-01-01 52 days 1,794 sqft
2022-02-01 43 days 1,853 sqft
2022-03-01 36 days 1,988 sqft
2022-04-01 34 days 1,885 sqft
Winston's median listing age (time on market) for 2022-04-01 was 34 days. This is -17% shorter than the same period one year ago.

Winston's median square footage for active listings during the 2022-04-01 period was 1,885 sqft. One year prior, the average listing was 2,088 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.