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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 | 6.984%APR 7.023% | 0 pts$0 | $1,370/moP&I $1,370 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.069%APR 6.842% | 0 pts$0 | $1,364/moP&I $1,268 · MI $96 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.228%APR 6.285% | 0 pts$0 | $1,267/moP&I $1,267 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.996%APR 7.036% | 0 pts$0 | $1,372/moP&I $1,372 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.715% | 0 pts$0 | $1,460/moP&I $1,460 · 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 | 6.228% | 6.285% | 0 pts ($0) | $1,766/mo | $36,123 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.090% | 6.146% | 0 pts ($0) | $2,188/mo | $49,150 |
Condo 10% Down | 10% | 720 credit score | 7.313% | 7.487% | 0 pts ($0) | $1,593/mo | $56,088 |
Conventional 10% Down | 10% | 720 credit score | 6.804% | 6.966% | 0 pts ($0) | $1,513/mo | $52,527 |
Conventional 20% Down | 20% | 740 credit score | 6.984% | 7.023% | 0 pts ($0) | $1,370/mo | $42,550 |
Conventional 5% Down | 5% | 700 credit score | 7.125% | 7.611% | 0 pts ($0) | $1,650/mo | $57,815 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.432% | 7.474% | 0 pts ($0) | $1,791/mo | $61,699 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,526/mo | $51,694 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.840% | 7.220% | 0 pts ($0) | $1,637/mo | $59,135 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.996% | 7.036% | 0 pts ($0) | $1,715/mo | $58,308 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,127/mo | $50,725 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.069% | 6.842% | 0 pts ($0) | $1,529/mo | $53,782 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,562/mo | $54,685 |
FHA Streamline Refi | 0% | 640 credit score | 6.264% | 7.040% | 0 pts ($0) | $1,618/mo | $57,271 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.086% | 7.335% | 0 pts ($0) | $1,644/mo | $59,731 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,613/mo | $31,581 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.715% | 0 pts ($0) | $1,369/mo | $43,630 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,390/mo | $43,427 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,499/mo | $45,967 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.434% | 7.213% | 0 pts ($0) | $1,589/mo | $56,561 |
Second Home 10% Down | 10% | 720 credit score | 6.075% | 6.653% | 0 pts ($0) | $1,402/mo | $47,436 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,356/mo | $41,928 |
VA 0% Down | 0% | 700 credit score | 6.090% | 6.337% | 0 pts ($0) | $1,594/mo | $52,786 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.449% | 0 pts ($0) | $1,592/mo | $52,684 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.083% | 6.238% | 0 pts ($0) | $1,593/mo | $52,731 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,419/mo | $44,882 |
Frequently Asked Questions
What are today's mortgage rates in 27107, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27107, Winston-Salem, NC is 6.984% (with an estimated monthly payment of $1,620). Active program rates also include FHA 30-year fixed loans at 6.069% and VA 0%-down fixed loans at 6.090%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27107, 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 27107, Winston-Salem, NC have fluctuated between a low of 6.873% and a high of 7.126%. 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 27107, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $257,821 in 27107, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $51,564 but keeps your monthly payment lower at $1,620/mo (at 6.984% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,024 (3.5% down) but has an estimated payment of $1,807/mo (at 6.069% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $248,797 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 27107 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27107 is $806,501. With a typical local home value of $257,821 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $206,257. 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 27107, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27107, Winston-Salem, NC is estimated at $257,821. Buying a typical home here with a standard 20% down payment ($51,564) translates to an estimated starting monthly mortgage payment of $1,620 (principal and interest). Compared to the local area median household income of $65,157 ($5,430/mo), this basic housing payment represents approximately 29.8% 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.