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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 | 6.980%APR 7.019% | 0 pts$0 | $1,660/moP&I $1,660 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.068%APR 6.841% | 0 pts$0 | $1,653/moP&I $1,536 · MI $117 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.208%APR 6.265% | 0 pts$0 | $1,532/moP&I $1,532 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.997%APR 7.037% | 0 pts$0 | $1,663/moP&I $1,663 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.713% | 0 pts$0 | $1,769/moP&I $1,769 · 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 | 6.208% | 6.265% | 0 pts ($0) | $2,138/mo | $43,638 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.083% | 6.139% | 0 pts ($0) | $2,651/mo | $59,509 |
Condo 10% Down | 10% | 720 credit score | 7.308% | 7.482% | 0 pts ($0) | $1,930/mo | $67,939 |
Conventional 10% Down | 10% | 720 credit score | 6.801% | 6.963% | 0 pts ($0) | $1,834/mo | $63,641 |
Conventional 20% Down | 20% | 740 credit score | 6.980% | 7.019% | 0 pts ($0) | $1,660/mo | $51,543 |
Conventional 5% Down | 5% | 700 credit score | 7.124% | 7.610% | 0 pts ($0) | $2,000/mo | $70,066 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.428% | 7.470% | 0 pts ($0) | $2,170/mo | $74,745 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,849/mo | $62,657 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.839% | 7.218% | 0 pts ($0) | $1,984/mo | $71,666 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.997% | 7.037% | 0 pts ($0) | $2,078/mo | $70,683 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,579/mo | $61,482 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.068% | 6.841% | 0 pts ($0) | $1,853/mo | $65,178 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,893/mo | $66,281 |
FHA Streamline Refi | 0% | 640 credit score | 6.262% | 7.038% | 0 pts ($0) | $1,960/mo | $69,397 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.081% | 7.329% | 0 pts ($0) | $1,991/mo | $72,353 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,955/mo | $38,278 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.713% | 0 pts ($0) | $1,659/mo | $52,882 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,684/mo | $52,636 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,817/mo | $55,715 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.432% | 7.211% | 0 pts ($0) | $1,926/mo | $68,537 |
Second Home 10% Down | 10% | 720 credit score | 6.076% | 6.654% | 0 pts ($0) | $1,700/mo | $57,504 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,644/mo | $50,820 |
VA 0% Down | 0% | 700 credit score | 6.089% | 6.336% | 0 pts ($0) | $1,932/mo | $63,971 |
VA Cash-Out Refi | 0% | 640 credit score | 6.076% | 6.447% | 0 pts ($0) | $1,929/mo | $63,846 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.239% | 0 pts ($0) | $1,931/mo | $63,923 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,720/mo | $54,400 |
Frequently Asked Questions
What are today's mortgage rates in 27103, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27103, Winston-Salem, NC is 6.980% (with an estimated monthly payment of $1,639). Active program rates also include FHA 30-year fixed loans at 6.068% and VA 0%-down fixed loans at 6.089%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27103, 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 27103, Winston-Salem, NC have fluctuated between a low of 6.869% and a high of 7.121%. 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 27103, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $312,495 in 27103, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $62,499 but keeps your monthly payment lower at $1,639/mo (at 6.980% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,937 (3.5% down) but has an estimated payment of $1,830/mo (at 6.068% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $301,558 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 27103 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27103 is $806,501. With a typical local home value of $312,495 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $249,996. 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 27103, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27103, Winston-Salem, NC is estimated at $312,495. Buying a typical home here with a standard 20% down payment ($62,499) translates to an estimated starting monthly mortgage payment of $1,639 (principal and interest). Compared to the local area median household income of $72,225 ($6,019/mo), this basic housing payment represents approximately 27.2% 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.