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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 | 7.021%APR 7.061% | 0 pts$0 | $1,405/moP&I $1,405 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.079%APR 6.853% | 0 pts$0 | $1,395/moP&I $1,297 · MI $98 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.279%APR 6.338% | 0 pts$0 | $1,302/moP&I $1,302 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.203%APR 7.259% | 0 pts$0 | $1,431/moP&I $1,431 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.732% | 0 pts$0 | $1,492/moP&I $1,492 · 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 | 6.279% | 6.338% | 0 pts ($0) | $1,810/mo | $37,224 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.290% | 6.355% | 0 pts ($0) | $2,265/mo | $51,751 |
Condo 10% Down | 10% | 720 credit score | 7.249% | 7.424% | 0 pts ($0) | $1,617/mo | $56,855 |
Conventional 10% Down | 10% | 720 credit score | 6.832% | 6.996% | 0 pts ($0) | $1,551/mo | $53,874 |
Conventional 20% Down | 20% | 740 credit score | 7.021% | 7.061% | 0 pts ($0) | $1,405/mo | $43,714 |
Conventional 5% Down | 5% | 700 credit score | 7.204% | 7.694% | 0 pts ($0) | $1,700/mo | $59,674 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.470% | 7.514% | 0 pts ($0) | $1,837/mo | $63,348 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,559/mo | $52,823 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.849% | 7.229% | 0 pts ($0) | $1,674/mo | $60,495 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.203% | 7.259% | 0 pts ($0) | $1,789/mo | $61,226 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,174/mo | $51,833 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.079% | 6.853% | 0 pts ($0) | $1,564/mo | $55,034 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,596/mo | $55,879 |
FHA Streamline Refi | 0% | 640 credit score | 6.273% | 7.050% | 0 pts ($0) | $1,655/mo | $58,594 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.127% | 7.378% | 0 pts ($0) | $1,687/mo | $61,345 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,648/mo | $32,270 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.732% | 0 pts ($0) | $1,399/mo | $44,582 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,420/mo | $44,375 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,532/mo | $46,971 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.442% | 7.222% | 0 pts ($0) | $1,625/mo | $57,859 |
Second Home 10% Down | 10% | 720 credit score | 6.079% | 6.658% | 0 pts ($0) | $1,434/mo | $48,501 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,386/mo | $42,844 |
VA 0% Down | 0% | 700 credit score | 6.083% | 6.331% | 0 pts ($0) | $1,628/mo | $53,882 |
VA Cash-Out Refi | 0% | 640 credit score | 6.087% | 6.460% | 0 pts ($0) | $1,629/mo | $53,915 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.105% | 6.261% | 0 pts ($0) | $1,632/mo | $54,060 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,450/mo | $45,862 |
Frequently Asked Questions
What are today's mortgage rates in 27114, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27114, Winston-Salem, NC is 7.021% (with an estimated monthly payment of $1,467). Active program rates also include FHA 30-year fixed loans at 6.079% and VA 0%-down fixed loans at 6.083%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27114, 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 27114, Winston-Salem, NC have fluctuated between a low of 6.913% and a high of 7.169%. 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 27114, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $263,450 in 27114, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $52,690 but keeps your monthly payment lower at $1,467/mo (at 7.021% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,221 (3.5% down) but has an estimated payment of $1,632/mo (at 6.079% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $254,229 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 27114 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27114 is $806,501. With a typical local home value of $263,450 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $210,760. 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 27114, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27114, Winston-Salem, NC is estimated at $263,450. Buying a typical home here with a standard 20% down payment ($52,690) translates to an estimated starting monthly mortgage payment of $1,467 (principal and interest). Compared to the local area median household income of $60,951 ($5,079/mo), this basic housing payment represents approximately 28.9% 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.