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%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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
GUARANTEED RATE, INC. 20 2.84% $4,748
CERTAINTY HOME LOANS, LLC 20 2.97% $6,255
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 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
Blue Ridge Bank 9 3.15% $9,339
AMERISAVE MORTGAGE CORPORATION 9 2.63% $6,502
NP, Inc. 9 2.39% $7,560
INTERCOASTAL MORTGAGE COMPANY 9 2.76% $7,622
Prosperity Home Mortgage, LLC 8 2.53% $6,523
AMERICAN FINANCIAL NETWORK, INC. 8 2.53% $6,173
PENTAGON FEDERAL CREDIT UNION 8 2.47% $4,682
BROKER SOLUTIONS, INC. 8 2.75% $6,676
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 3.75% $4,918
Mid-Continent Funding, Inc. 7 2.96% $6,328
CMG MORTGAGE, INC. 7 2.66% $10,496
LOANPAL, LLC 7 2.52% $5,418
EQUITY RESOURCES, INC. 6 2.63% $5,016
Ameris Bank 6 2.88% $5,077
PLANET HOME LENDING, LLC 6 2.58% $2,159
HOMESIDE FINANCIAL, LLC 6 2.67% $9,711
SUN WEST MORTGAGE COMPANY, INC. 6 2.79% $3,898
Wolfe Financial, Inc 6 3.17% $7,845
NFM, INC. 5 3.15% $3,959
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 2.68% $3,759
CROSSCOUNTRY MORTGAGE, LLC 5 2.72% $4,458
Flagstar Bank, FSB 5 3.69% $6,394
PLAZA HOME MORTGAGE, INC. 5 3.15% $7,415
Pinnacle Bank 5 2.33% $8,718
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.52% $5,189
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
Alpha Mortgage Corporation 4 3.03% $2,814
The Fidelity Bank 4 2.97% $4,761
KELLER MORTGAGE, LLC 4 2.81% $8,534
SOUTHERN TRUST MORTGAGE, LLC 4 3.00% $3,605
Nations Lending Corporation 4 3.50% $7,126
Paramount Residential Mortgage Group, Inc. 4 2.97% $3,663
M&T Bank 4 2.63% $4,206
SOVEREIGN LENDING GROUP INCORPORATED 4 3.09% $8,947
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.53% $8,740
TJC Mortgage, Inc. 4 2.28% $2,070
Allen Tate Mortgage Partners, LLC 4 3.03% $3,736
RELIANCE FIRST CAPITAL, LLC 4 2.88% $6,561
ACCELERATE MORTGAGE, LLC 4 2.25% $6,943
VANDERBILT MORTGAGE AND FINANCE, INC. 4 2.78% $6,752
NBKC BANK 4 2.44% $3,731
First Bank 3 2.25% $6,323
INSPIRE HOME LOANS INC. 3 3.13% $4,703
GSF Mortgage Corporation 3 2.33% $4,968
American Security Mortgage Corp. 3 2.29% $3,294
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.75% $5,398
Towne Bank 3 2.79% $11,640
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.21% $4,504
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.50% $5,316
Alcova Mortgage LLC 3 2.75% $1,637
Renasant Bank 3 2.79% $3,106
CHURCHILL MORTGAGE CORPORATION 3 2.50% $5,464
Hometown Lenders, Inc. 3 3.46% $4,824
First Federal Bank 3 3.75% $11,023
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 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 for 2022-12-01 was $319,900, a difference of $50,577 (18.8%) versus the prior year and $-175 versus the prior month.

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 listing age (time on market) for 2022-12-01 was 60 days. This is 13% longer than the same period one year ago.

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.

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.