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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 | 6.875%APR 6.910% | 0 pts$0 | $2,079/moP&I $2,079 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.013%APR 6.782% | 0 pts$0 | $2,081/moP&I $1,934 · MI $148 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.959%APR 6.009% | 0 pts$0 | $1,889/moP&I $1,889 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.838%APR 6.874% | 0 pts$0 | $2,072/moP&I $2,072 · MI $0 | See details |
| Investment Property FixedConforming | 7.592%APR 7.633% | 0 pts$0 | $2,233/moP&I $2,233 · 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 | 5.959% | 6.009% | 0 pts ($0) | $2,664/mo | $52,968 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.939% | 5.990% | 0 pts ($0) | $3,326/mo | $73,696 |
Condo 10% Down | 10% | 720 credit score | 7.111% | 7.278% | 0 pts ($0) | $2,396/mo | $83,904 |
Conventional 10% Down | 10% | 720 credit score | 6.573% | 6.728% | 0 pts ($0) | $2,268/mo | $78,131 |
Conventional 20% Down | 20% | 740 credit score | 6.875% | 6.910% | 0 pts ($0) | $2,079/mo | $64,258 |
Conventional 5% Down | 5% | 700 credit score | 6.994% | 7.471% | 0 pts ($0) | $2,499/mo | $87,239 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.320% | 7.358% | 0 pts ($0) | $2,718/mo | $93,346 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,341/mo | $79,330 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.784% | 7.159% | 0 pts ($0) | $2,498/mo | $90,101 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.838% | 6.874% | 0 pts ($0) | $2,589/mo | $87,597 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,265/mo | $77,843 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.013% | 6.782% | 0 pts ($0) | $2,332/mo | $81,881 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,397/mo | $83,920 |
FHA Streamline Refi | 0% | 640 credit score | 6.178% | 6.950% | 0 pts ($0) | $2,460/mo | $86,848 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.968% | 7.211% | 0 pts ($0) | $2,493/mo | $90,327 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,475/mo | $48,464 |
Investment Property 25% Down | 25% | 740 credit score | 7.592% | 7.633% | 0 pts ($0) | $2,094/mo | $66,659 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,132/mo | $66,643 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,301/mo | $70,541 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.385% | 7.161% | 0 pts ($0) | $2,426/mo | $86,227 |
Second Home 10% Down | 10% | 720 credit score | 6.036% | 6.610% | 0 pts ($0) | $2,143/mo | $72,379 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,081/mo | $64,344 |
VA 0% Down | 0% | 700 credit score | 6.007% | 6.250% | 0 pts ($0) | $2,425/mo | $79,998 |
VA Cash-Out Refi | 0% | 640 credit score | 6.019% | 6.386% | 0 pts ($0) | $2,428/mo | $80,144 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.042% | 6.194% | 0 pts ($0) | $2,434/mo | $80,424 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,177/mo | $68,877 |
Frequently Asked Questions
What are today's mortgage rates in 27109, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27109, Winston-Salem, NC is 6.875% (with an estimated monthly payment of $2,486). Active program rates also include FHA 30-year fixed loans at 6.013% and VA 0%-down fixed loans at 6.007%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27109, 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 27109, Winston-Salem, NC have fluctuated between a low of 6.496% and a high of 6.957%. 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 27109, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $395,655 in 27109, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $79,131 but keeps your monthly payment lower at $2,486/mo (at 6.875% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,848 (3.5% down) but has an estimated payment of $2,789/mo (at 6.013% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $381,807 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 27109 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27109 is $806,501. With a typical local home value of $395,655 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $316,524. 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 27109, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27109, Winston-Salem, NC is estimated at $395,655. Buying a typical home here with a standard 20% down payment ($79,131) translates to an estimated starting monthly mortgage payment of $2,486 (principal and interest). Compared to the local area median household income of $53,375 ($4,448/mo), this basic housing payment represents approximately 55.9% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.