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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 | 6.900%APR 6.936% | 0 pts$0 | $2,485/moP&I $2,485 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.049%APR 6.819% | 0 pts$0 | $2,490/moP&I $2,314 · MI $176 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.999%APR 6.050% | 0 pts$0 | $2,262/moP&I $2,262 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.853%APR 6.889% | 0 pts$0 | $2,473/moP&I $2,473 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.668% | 0 pts$0 | $2,671/moP&I $2,671 · 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 | 5.999% | 6.050% | 0 pts ($0) | $3,184/mo | $63,586 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.966% | 6.018% | 0 pts ($0) | $3,972/mo | $88,230 |
Condo 10% Down | 10% | 720 credit score | 7.163% | 7.332% | 0 pts ($0) | $2,871/mo | $100,697 |
Conventional 10% Down | 10% | 720 credit score | 6.600% | 6.756% | 0 pts ($0) | $2,711/mo | $93,495 |
Conventional 20% Down | 20% | 740 credit score | 6.900% | 6.936% | 0 pts ($0) | $2,485/mo | $76,894 |
Conventional 5% Down | 5% | 700 credit score | 7.015% | 7.493% | 0 pts ($0) | $2,986/mo | $104,292 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.343% | 7.382% | 0 pts ($0) | $3,248/mo | $111,617 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,791/mo | $94,579 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.810% | 7.186% | 0 pts ($0) | $2,986/mo | $107,779 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.853% | 6.889% | 0 pts ($0) | $3,092/mo | $104,648 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,892/mo | $92,807 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.049% | 6.819% | 0 pts ($0) | $2,792/mo | $98,122 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,858/mo | $100,051 |
FHA Streamline Refi | 0% | 640 credit score | 6.250% | 7.024% | 0 pts ($0) | $2,955/mo | $104,581 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.986% | 7.230% | 0 pts ($0) | $2,977/mo | $107,933 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,951/mo | $57,780 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.668% | 0 pts ($0) | $2,504/mo | $79,825 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,542/mo | $79,453 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,743/mo | $84,101 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.416% | 7.193% | 0 pts ($0) | $2,902/mo | $103,234 |
Second Home 10% Down | 10% | 720 credit score | 5.944% | 6.516% | 0 pts ($0) | $2,530/mo | $85,118 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,481/mo | $76,712 |
VA 0% Down | 0% | 700 credit score | 6.042% | 6.286% | 0 pts ($0) | $2,902/mo | $95,883 |
VA Cash-Out Refi | 0% | 640 credit score | 6.055% | 6.424% | 0 pts ($0) | $2,906/mo | $96,071 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.068% | 6.221% | 0 pts ($0) | $2,910/mo | $96,259 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,596/mo | $82,117 |
Frequently Asked Questions
What are today's mortgage rates in 27104, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27104, Winston-Salem, NC is 6.900% (with an estimated monthly payment of $2,241). Active program rates also include FHA 30-year fixed loans at 6.049% and VA 0%-down fixed loans at 6.042%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27104, 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 27104, Winston-Salem, NC have fluctuated between a low of 6.523% and a high of 6.979%. 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 27104, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $471,708 in 27104, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $94,342 but keeps your monthly payment lower at $2,241/mo (at 6.900% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,510 (3.5% down) but has an estimated payment of $2,517/mo (at 6.049% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $455,198 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 27104 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27104 is $806,501. With a typical local home value of $471,708 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $377,366. 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 27104, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27104, Winston-Salem, NC is estimated at $471,708. Buying a typical home here with a standard 20% down payment ($94,342) translates to an estimated starting monthly mortgage payment of $2,241 (principal and interest). Compared to the local area median household income of $105,521 ($8,793/mo), this basic housing payment represents approximately 25.5% 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.