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 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
6.09%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Winston's average VA mortgage closing costs are $5,276.
The average rate for the prior week (2024-10-04) was
5.76% and
one month ago for the week of 2024-09-06, the
average rate was 5.75%.
The average rate one year ago was 7.32%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.61%.
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.
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. LouisDate | 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 |
Winston's median listing price comes in at 82% of the national average.
Winston's average listing price for 2024-09-01 was $419,334, a difference of $4,203 (1.0%) versus the prior year and $-1,943 versus the prior month.
For the 2024-09-01 period, Winston had 1,456 MLS listings, a difference of 109 listings (8%) versus the prior month and 414 listings (40%) 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 | 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 |
Winston's median square footage for active listings during the 2024-09-01 period was 1,768 sqft. One year prior, the average listing was 2,083 sqft.