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 136 lenders originated 1,177 VA loans during 2022. The total origination value was $326,365,000, with an average VA loan value of $277,285.

Winston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Winston averaged 6.13% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Winston's average VA mortgage closing costs are $4,973.

The average rate for the prior week (2024-02-23) was 6.26% and one month ago for the week of 2024-01-26, the average rate was 6.18%.

The average rate one year ago was 5.92%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.45%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 158 5.19% $6,470
QUICKEN LOANS, LLC 93 4.18% $9,449
FREEDOM MORTGAGE CORPORATION 55 4.56% $9,096
MOVEMENT MORTGAGE, LLC 49 4.94% $6,425
NAVY FEDERAL CREDIT UNION 46 4.08% $6,347
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 4.75% $7,699
NEW DAY FINANCIAL, LLC 40 5.01% $8,226
LOANDEPOT.COM, LLC 39 3.81% $7,909
UNITED WHOLESALE MORTGAGE, LLC 37 4.50% $10,044
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 37 5.34% $9,761
DHI MORTGAGE COMPANY, LTD. 31 4.10% $6,082
PENNYMAC LOAN SERVICES, LLC 27 3.56% $7,114
USAA Federal Savings Bank 25 4.55% $6,436
MORTGAGE SOLUTIONS OF COLORADO, LLC 16 5.77% $7,634
Mr. Cooper ( Nationstar Mortgage ) 16 4.57% $5,778
VANDERBILT MORTGAGE AND FINANCE, INC. 15 4.83% $6,324
The Federal Savings Bank 15 5.02% $12,721
GUARANTEED RATE, INC. 14 4.82% $7,248
VILLAGE CAPITAL MORTGAGE 13 4.00% $9,406
Wells Fargo Bank 13 4.20% $6,820
CARDINAL FINANCIAL 13 4.54% $10,738
Carrington Mortgage Services, LLC 12 4.93% $10,063
HOMESIDE FINANCIAL, LLC 11 5.33% $8,725
Prosperity Home Mortgage, LLC 11 4.64% $7,986
AMERISAVE MORTGAGE CORPORATION 10 4.49% $11,812
NEWREZ LLC 9 3.96% $9,752
CERTAINTY HOME LOANS, LLC 9 3.94% $8,896
Mid-Continent Funding, Inc. 8 4.59% $7,435
CMG MORTGAGE, INC. 8 5.05% $13,844
INSPIRE HOME LOANS INC. 8 5.53% $7,300
Barrington Bank & Trust Company, N.A. 7 4.18% $5,932
INTERCOASTAL MORTGAGE COMPANY 7 4.10% $11,959
Truist 6 4.73% $7,132
CROSSCOUNTRY MORTGAGE, LLC 6 5.40% $7,904
PLAZA HOME MORTGAGE, INC. 6 4.31% $6,952
HOME POINT FINANCIAL CORPORATION 6 4.87% $9,170
MCLEAN MORTGAGE CORPORATION 6 4.63% $8,141
UNION HOME MORTGAGE CORP. 6 5.06% $7,291
CLEARPATH LENDING 5 4.25% $11,367
CALIBER HOME LOANS, INC. 5 4.53% $8,406
BROKER SOLUTIONS, INC. 5 4.20% $8,107
PLANET HOME LENDING, LLC 5 4.45% $5,383
Flagstar Bank, FSB 5 5.68% $8,548
Ameris Bank 4 4.38% $10,316
Magnolia Bank 4 4.78% $12,074
T2 FINANCIAL LLC 4 4.62% $5,545
LAKEVIEW LOAN SERVICING, LLC 4 3.40% $6,914
Lakeview Community Capital, LLC 4 5.31% $7,152
Nations Lending Corporation 4 4.91% $9,002
LOANPAL, LLC 4 3.91% $12,564
RELIANCE FIRST CAPITAL, LLC 4 5.88% $5,510
NFM, INC. 4 4.56% $6,361
Low VA Rates, LLC 3 5.17% $13,008
U.S. Bank 3 4.88% $6,948
TOWNE MORTGAGE COMPANY 3 5.12% $5,689
First Guaranty Mortgage Corporation 3 3.83% $4,499
North American Savings Bank, F.S.B. 3 4.46% $5,881
ANGEL OAK HOME LOANS LLC 3 3.92% $3,930
MORTGAGE FINANCIAL GROUP, INC. 3 5.83% $7,823
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.54% $5,849
Blue Ridge Bank 3 4.79% $7,023
TJC Mortgage, Inc. 3 5.33% $9,994
HOMESTAR FINANCIAL CORPORATION 3 4.29% $10,342
Meridian Bank Corporation 2 4.13% $16,777
AMERICAN FINANCING CORPORATION 2 4.00% $11,808
Atlantic Coast Mortgage, LLC 2 5.69% $15,847
CAPITAL CENTER, L.L.C. 2 3.31% $625
Citizens Bank 2 2.88% $2,032
First National Bank of Pennsylvania 2 5.44% $7,744
HAMILTON HOME LOANS, INC. 2 3.81% $5,963
JET HOMELOANS, LLC 2 6.44% $5,515
MID AMERICA MORTGAGE, INC. 2 3.68% $2,325
NBKC BANK 2 3.94% $5,740
PENTAGON FEDERAL CREDIT UNION 2 3.50% $2,606
POLARIS HOME FUNDING CORP. 2 5.94% $13,613
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.62% $3,172
RAPID MORTGAGE COMPANY 2 3.44% $7,578
SeaTrust Mortgage Company 2 3.94% $5,337
Strong Home Mortgage, LLC 2 2.75% $10,578
The Fidelity Bank 2 3.19% $12,889
George Mason Mortgage, LLC 1 3.49% $2,357
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.88% $14,909
First Savings Bank 1 3.25% $4,203
First Mortgage Solutions, LLC 1 3.25% $1,850
First Horizon Bank 1 4.88% $2,516
First Federal Bank 1 4.99% $18,246
Northpointe Bank 1 4.13% $4,927
North State Bank 1 4.99% $4,481
NP, Inc. 1 3.50% $30,414
NTFN, INC. 1 6.88% $8,009
ON Q FINANCIAL, INC. 1 5.88% $4,281
Paramount Residential Mortgage Group, Inc. 1 5.75% $12,179
EQUITY RESOURCES, INC. 1 2.63% $2,291
Uwharrie Bank 1 4.25% $7,232
Pinnacle Bank 1 7.00% $8,102
Equity Prime Mortgage LLC 1 2.25% $2,323
Credence Funding Corporation 1 3.13% $1,392
PNC Bank 1 2.88% $1,185
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.75% $562
Presidential Bank, FSB 1 5.25% $15,019
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.38% $7,083
Allen Tate Mortgage Partners, LLC 1 5.63% $13,632
CONTOUR MORTGAGE CORPORATION 1 5.00% $6,305
CHURCHILL MORTGAGE CORPORATION 1 4.13% $3,119
V.I.P. MORTGAGE, INC. 1 5.25% $5,535
Regions Bank 1 4.88% $16,859
Century Mortgage Company DBA Century Lending Company 1 4.38% $2,177
Renasant Bank 1 5.25% $4,127
RESIDENTIAL BANCORP 1 5.75% $2,183
RESOURCE FINANCIAL SERVICES, INC. 1 2.75% $16,709
Alcova Mortgage LLC 1 7.00% $635
SOVEREIGN LENDING GROUP INCORPORATED 1 4.25% $14,521
Wyndham Capital Mortgage, Inc. 1 4.25% $8,106
SUCCESS MORTGAGE PARTNERS, INC. 1 4.99% $14,425
SUN WEST MORTGAGE COMPANY, INC. 1 4.74% $6,028
Capital Bank 1 4.75% $1,601
CALCON MUTUAL MORTGAGE LLC 1 3.75% $33,424
ZILLOW HOME LOANS, LLC 1 6.75% $6,166
The Union Bank Company 1 5.63% $9,587
BNC National Bank 1 3.00% $3,072
TOP FLITE FINANCIAL, INC. 1 6.75% $14,975
Towne Bank 1 5.38% $11,411
BELEM SERVICING LLC 1 3.13% $6,700
Bank of England 1 4.13% $0
Austin Capital Bank SSB 1 4.50% $3,489
United Community Bank 1 4.63% $11,174
Amerifirst Financial, Inc. 1 5.75% $675
AMERIFIRST FINANCIAL CORPORATION 1 2.88% $5,948
1ST SIGNATURE LENDING, LLC 1 5.25% $15,780
JMJ FINANCIAL GROUP 1 5.00% $6,889
HOMESPIRE MORTGAGE CORPORATION 1 5.13% $6,894
GUILD MORTGAGE COMPANY 1 3.63% $2,632
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.25% $11,691
MY MORTGAGE, INC. 1 3.50% $9,724
NATIONS DIRECT MORTGAGE, LLC 1 2.50% $10,439
GUARANTEED RATE AFFINITY, LLC 1 5.75% $2,213

The top Winston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 158 VA loans originated. Their average total fees are $6,470, which is $2,979 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Winston VA lenders (with over 10 loans originated) are Mr. Cooper ( Nationstar Mortgage ) ($5,778), DHI MORTGAGE COMPANY, LTD. ($6,082), VANDERBILT MORTGAGE AND FINANCE, INC. ($6,324), NAVY FEDERAL CREDIT UNION ($6,347) and MOVEMENT MORTGAGE, LLC ($6,425).

The lowest rate Winston VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.56%), LOANDEPOT.COM, LLC (3.81%), VILLAGE CAPITAL MORTGAGE (4.00%), NAVY FEDERAL CREDIT UNION (4.08%) and DHI MORTGAGE COMPANY, LTD. (4.10%).


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
Winston's median listing price for 2024-01-01 was $335,000, a difference of $10,000 (3.1%) versus the prior year and $5,005 versus the prior month.

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

Winston's average listing price for 2024-01-01 was $398,574, a difference of $18,913 (5.0%) versus the prior year and $1,139 versus the prior month.

For the 2024-01-01 period, Winston had 1,079 MLS listings, a difference of -102 listings (-9%) versus the prior month and 108 listings (11%) 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 2,697 sqft
2020-08-01 51 days 2,508 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
Winston's median listing age (time on market) for 2024-01-01 was 60 days. This is -5% shorter than the same period one year ago.

Winston's median square footage for active listings during the 2024-01-01 period was 1,977 sqft. One year prior, the average listing was 2,167 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.