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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.