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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.921%APR 6.958% | 0 pts$0 | $1,775/moP&I $1,775 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.946%APR 6.715% | 0 pts$0 | $1,756/moP&I $1,631 · MI $125 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.035%APR 6.088% | 0 pts$0 | $1,618/moP&I $1,618 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.948%APR 6.985% | 0 pts$0 | $1,779/moP&I $1,779 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.679% | 0 pts$0 | $1,903/moP&I $1,903 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.035% | 6.088% | 0 pts ($0) | $2,274/mo | $45,584 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.989% | 6.042% | 0 pts ($0) | $2,834/mo | $63,086 |
Condo 10% Down | 10% | 720 credit score | 7.230% | 7.401% | 0 pts ($0) | $2,059/mo | $72,355 |
Conventional 10% Down | 10% | 720 credit score | 6.749% | 6.909% | 0 pts ($0) | $1,962/mo | $67,970 |
Conventional 20% Down | 20% | 740 credit score | 6.921% | 6.958% | 0 pts ($0) | $1,775/mo | $54,955 |
Conventional 5% Down | 5% | 700 credit score | 7.043% | 7.524% | 0 pts ($0) | $2,133/mo | $74,575 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.365% | 7.405% | 0 pts ($0) | $2,319/mo | $79,747 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,989/mo | $67,385 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.201% | 0 pts ($0) | $2,130/mo | $76,917 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.948% | 6.985% | 0 pts ($0) | $2,224/mo | $75,521 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,773/mo | $66,122 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.946% | 6.715% | 0 pts ($0) | $1,967/mo | $68,888 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,036/mo | $71,284 |
FHA Streamline Refi | 0% | 640 credit score | 6.064% | 6.835% | 0 pts ($0) | $2,064/mo | $72,599 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.001% | 7.246% | 0 pts ($0) | $2,124/mo | $77,044 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,103/mo | $41,167 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.679% | 0 pts ($0) | $1,784/mo | $56,873 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,811/mo | $56,609 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,954/mo | $59,920 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.305% | 7.080% | 0 pts ($0) | $2,044/mo | $72,449 |
Second Home 10% Down | 10% | 720 credit score | 5.951% | 6.524% | 0 pts ($0) | $1,804/mo | $60,708 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,768/mo | $54,655 |
VA 0% Down | 0% | 700 credit score | 6.067% | 6.312% | 0 pts ($0) | $2,073/mo | $68,572 |
VA Cash-Out Refi | 0% | 640 credit score | 6.070% | 6.440% | 0 pts ($0) | $2,074/mo | $68,603 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.077% | 6.230% | 0 pts ($0) | $2,075/mo | $68,675 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,849/mo | $58,506 |
Frequently Asked Questions
What are today's mortgage rates in 27040, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27040, Winston-Salem, NC is 6.921% (with an estimated monthly payment of $2,045). Active program rates also include FHA 30-year fixed loans at 5.946% and VA 0%-down fixed loans at 6.067%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27040, Winston-Salem, NC?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 27040, Winston-Salem, NC have fluctuated between a low of 6.558% and a high of 6.996%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 27040, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $336,080 in 27040, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $67,216 but keeps your monthly payment lower at $2,045/mo (at 6.921% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,763 (3.5% down) but has an estimated payment of $2,267/mo (at 5.946% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $324,317 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 27040 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27040 is $806,501. With a typical local home value of $336,080 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $268,864. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 27040, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27040, Winston-Salem, NC is estimated at $336,080. Buying a typical home here with a standard 20% down payment ($67,216) translates to an estimated starting monthly mortgage payment of $2,045 (principal and interest). Compared to the local area median household income of $97,437 ($8,120/mo), this basic housing payment represents approximately 25.2% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.