Winston VA Loans

WINSTON-SALEM, NC

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    • 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.