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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 | 6.914%APR 6.951% | 0 pts$0 | $2,016/moP&I $2,016 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.944%APR 6.713% | 0 pts$0 | $1,996/moP&I $1,854 · MI $143 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.021%APR 6.073% | 0 pts$0 | $1,837/moP&I $1,837 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.945%APR 6.982% | 0 pts$0 | $2,022/moP&I $2,022 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.675% | 0 pts$0 | $2,164/moP&I $2,164 · 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 | 6.021% | 6.073% | 0 pts ($0) | $2,583/mo | $51,703 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.985% | 6.037% | 0 pts ($0) | $3,221/mo | $71,682 |
Condo 10% Down | 10% | 720 credit score | 7.208% | 7.378% | 0 pts ($0) | $2,336/mo | $82,038 |
Conventional 10% Down | 10% | 720 credit score | 6.618% | 6.774% | 0 pts ($0) | $2,200/mo | $75,923 |
Conventional 20% Down | 20% | 740 credit score | 6.914% | 6.951% | 0 pts ($0) | $2,016/mo | $62,418 |
Conventional 5% Down | 5% | 700 credit score | 7.034% | 7.513% | 0 pts ($0) | $2,423/mo | $84,691 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.357% | 7.397% | 0 pts ($0) | $2,634/mo | $90,578 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,261/mo | $76,615 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.821% | 7.197% | 0 pts ($0) | $2,422/mo | $87,430 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.945% | 6.982% | 0 pts ($0) | $2,528/mo | $85,830 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,153/mo | $75,179 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.944% | 6.713% | 0 pts ($0) | $2,236/mo | $78,301 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,315/mo | $81,047 |
FHA Streamline Refi | 0% | 640 credit score | 6.062% | 6.833% | 0 pts ($0) | $2,347/mo | $82,519 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.998% | 7.243% | 0 pts ($0) | $2,415/mo | $87,564 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,391/mo | $46,805 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.675% | 0 pts ($0) | $2,028/mo | $64,663 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,059/mo | $64,362 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,222/mo | $68,127 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.302% | 7.077% | 0 pts ($0) | $2,323/mo | $82,339 |
Second Home 10% Down | 10% | 720 credit score | 5.949% | 6.522% | 0 pts ($0) | $2,051/mo | $69,003 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,010/mo | $62,141 |
VA 0% Down | 0% | 700 credit score | 6.064% | 6.309% | 0 pts ($0) | $2,356/mo | $77,929 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.436% | 0 pts ($0) | $2,357/mo | $77,964 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.074% | 6.227% | 0 pts ($0) | $2,359/mo | $78,046 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,103/mo | $66,520 |
Frequently Asked Questions
What are today's mortgage rates in 27106, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27106, Winston-Salem, NC is 6.914% (with an estimated monthly payment of $2,106). Active program rates also include FHA 30-year fixed loans at 5.944% and VA 0%-down fixed loans at 6.064%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27106, 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 27106, Winston-Salem, NC have fluctuated between a low of 6.546% and a high of 6.993%. 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 27106, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $382,113 in 27106, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $76,423 but keeps your monthly payment lower at $2,106/mo (at 6.914% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,374 (3.5% down) but has an estimated payment of $2,336/mo (at 5.944% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $368,739 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 27106 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27106 is $806,501. With a typical local home value of $382,113 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $305,690. 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 27106, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27106, Winston-Salem, NC is estimated at $382,113. Buying a typical home here with a standard 20% down payment ($76,423) translates to an estimated starting monthly mortgage payment of $2,106 (principal and interest). Compared to the local area median household income of $89,609 ($7,467/mo), this basic housing payment represents approximately 28.2% 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.