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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 | 7.195%APR 7.243% | 0 pts$0 | $774/moP&I $774 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.112%APR 6.892% | 0 pts$0 | $757/moP&I $704 · MI $53 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.392%APR 6.462% | 0 pts$0 | $713/moP&I $713 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.071%APR 7.300% | 0 pts$0 | $764/moP&I $764 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.792% | 0 pts$0 | $807/moP&I $807 · 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 | 6.392% | 6.462% | 0 pts ($0) | $986/mo | $20,512 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.310% | 6.453% | 0 pts ($0) | $1,227/mo | $28,080 |
Condo 10% Down | 10% | 720 credit score | 7.466% | 7.652% | 0 pts ($0) | $894/mo | $31,598 |
Conventional 10% Down | 10% | 720 credit score | 6.908% | 7.079% | 0 pts ($0) | $845/mo | $29,439 |
Conventional 20% Down | 20% | 740 credit score | 7.195% | 7.243% | 0 pts ($0) | $774/mo | $24,247 |
Conventional 5% Down | 5% | 700 credit score | 7.168% | 7.661% | 0 pts ($0) | $916/mo | $32,136 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.599% | 7.650% | 0 pts ($0) | $1,006/mo | $34,825 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $843/mo | $28,577 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.802% | 7.186% | 0 pts ($0) | $901/mo | $32,531 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.071% | 7.300% | 0 pts ($0) | $955/mo | $32,555 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,176/mo | $28,041 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.112% | 6.892% | 0 pts ($0) | $849/mo | $29,912 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $863/mo | $30,230 |
FHA Streamline Refi | 0% | 640 credit score | 6.306% | 7.089% | 0 pts ($0) | $898/mo | $31,843 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.110% | 7.365% | 0 pts ($0) | $911/mo | $33,118 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $892/mo | $17,458 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.792% | 0 pts ($0) | $757/mo | $24,119 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $768/mo | $24,006 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $829/mo | $25,411 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.471% | 7.257% | 0 pts ($0) | $882/mo | $31,423 |
Second Home 10% Down | 10% | 720 credit score | 6.123% | 6.709% | 0 pts ($0) | $779/mo | $26,408 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $750/mo | $23,178 |
VA 0% Down | 0% | 700 credit score | 6.147% | 6.401% | 0 pts ($0) | $887/mo | $29,430 |
VA Cash-Out Refi | 0% | 640 credit score | 6.162% | 6.542% | 0 pts ($0) | $888/mo | $29,496 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.191% | 6.354% | 0 pts ($0) | $891/mo | $29,623 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $784/mo | $24,811 |
Frequently Asked Questions
What are today's mortgage rates in 27102, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27102, Winston-Salem, NC is 7.195% (with an estimated monthly payment of $921). Active program rates also include FHA 30-year fixed loans at 6.112% and VA 0%-down fixed loans at 6.147%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27102, 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 27102, Winston-Salem, NC have fluctuated between a low of 7.014% and a high of 7.277%. 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 27102, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $142,524 in 27102, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $28,505 but keeps your monthly payment lower at $921/mo (at 7.195% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,988 (3.5% down) but has an estimated payment of $1,011/mo (at 6.112% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $137,536 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 27102 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27102 is $806,501. With a typical local home value of $142,524 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $114,019. 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 27102, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27102, Winston-Salem, NC is estimated at $142,524. Buying a typical home here with a standard 20% down payment ($28,505) translates to an estimated starting monthly mortgage payment of $921 (principal and interest). Compared to the local area median household income of $35,801 ($2,983/mo), this basic housing payment represents approximately 30.9% 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.