Winston VA Loan Rates, Closing Costs & Stats

WINSTON-SALEM, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.28% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.13% and one month ago for the week of 2024-10-04, the average rate was 5.46%.

    The average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.39%.

    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
    2024-06-01 $364,995 (7.1%) $426,961 (1.8%) 0.82 1,215
    2024-07-01 $349,950 (2.9%) $420,590 (-2.0%) 0.80 1,304
    2024-08-01 $349,900 (2.9%) $421,277 (-1.4%) 0.81 1,347
    2024-09-01 $348,700 (5.2%) $419,334 (1.0%) 0.82 1,456
    2024-10-01 $347,575 (3.8%) $416,402 (0.8%) 0.82 1,502
    Winston's median listing price for 2024-10-01 was $347,575, a difference of $12,575 (3.8%) versus the prior year and $-1,125 versus the prior month.

    Winston's median listing price comes in at 82% of the national average.

    Winston's average listing price for 2024-10-01 was $416,402, a difference of $3,224 (0.8%) versus the prior year and $-2,932 versus the prior month.

    For the 2024-10-01 period, Winston had 1,502 MLS listings, a difference of 46 listings (3%) versus the prior month and 403 listings (37%) 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
    2024-06-01 42 days 2,008 sqft
    2024-07-01 46 days 2,677 sqft
    2024-08-01 47 days 2,800 sqft
    2024-09-01 48 days 1,768 sqft
    2024-10-01 49 days 1,757 sqft
    Winston's median listing age (time on market) for 2024-10-01 was 49 days. This is 17% longer than the same period one year ago.

    Winston's median square footage for active listings during the 2024-10-01 period was 1,757 sqft. One year prior, the average listing was 2,083 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.