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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 | 7.137%APR 7.184% | 0 pts$0 | $662/moP&I $662 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.105%APR 6.884% | 0 pts$0 | $651/moP&I $606 · MI $46 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.365%APR 6.434% | 0 pts$0 | $612/moP&I $612 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.275%APR 7.334% | 0 pts$0 | $671/moP&I $671 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.780% | 0 pts$0 | $695/moP&I $695 · 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 | 6.365% | 6.434% | 0 pts ($0) | $848/mo | $17,582 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.342% | 6.415% | 0 pts ($0) | $1,058/mo | $24,288 |
Condo 10% Down | 10% | 720 credit score | 7.450% | 7.635% | 0 pts ($0) | $768/mo | $27,149 |
Conventional 10% Down | 10% | 720 credit score | 6.890% | 7.059% | 0 pts ($0) | $727/mo | $25,284 |
Conventional 20% Down | 20% | 740 credit score | 7.137% | 7.184% | 0 pts ($0) | $662/mo | $20,703 |
Conventional 5% Down | 5% | 700 credit score | 7.150% | 7.643% | 0 pts ($0) | $787/mo | $27,603 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.567% | 7.617% | 0 pts ($0) | $864/mo | $29,863 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $726/mo | $24,602 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.796% | 7.179% | 0 pts ($0) | $776/mo | $27,985 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.275% | 7.334% | 0 pts ($0) | $839/mo | $28,782 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,012/mo | $24,141 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.105% | 6.884% | 0 pts ($0) | $730/mo | $25,726 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $743/mo | $26,025 |
FHA Streamline Refi | 0% | 640 credit score | 6.299% | 7.082% | 0 pts ($0) | $773/mo | $27,387 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.101% | 7.355% | 0 pts ($0) | $783/mo | $28,480 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $768/mo | $15,030 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.780% | 0 pts ($0) | $651/mo | $20,764 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $661/mo | $20,667 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $713/mo | $21,876 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.464% | 7.250% | 0 pts ($0) | $759/mo | $27,027 |
Second Home 10% Down | 10% | 720 credit score | 6.119% | 6.704% | 0 pts ($0) | $671/mo | $22,722 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $645/mo | $19,954 |
VA 0% Down | 0% | 700 credit score | 6.155% | 6.409% | 0 pts ($0) | $764/mo | $25,367 |
VA Cash-Out Refi | 0% | 640 credit score | 6.146% | 6.525% | 0 pts ($0) | $763/mo | $25,333 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.175% | 6.337% | 0 pts ($0) | $766/mo | $25,442 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $675/mo | $21,360 |
Frequently Asked Questions
What are today's mortgage rates in 27117, Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 27117, Winston-Salem, NC is 7.137% (with an estimated monthly payment of $951). Active program rates also include FHA 30-year fixed loans at 6.105% and VA 0%-down fixed loans at 6.155%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 27117, 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 27117, Winston-Salem, NC have fluctuated between a low of 6.988% and a high of 7.255%. 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 27117, Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $122,700 in 27117, Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $24,540 but keeps your monthly payment lower at $951/mo (at 7.137% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,295 (3.5% down) but has an estimated payment of $1,050/mo (at 6.105% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $118,406 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 27117 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 27117 is $806,501. With a typical local home value of $122,700 in Winston-Salem, a standard 20%-down mortgage requires a loan size of $98,160. 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 27117, Winston-Salem, NC impact estimated mortgage payments?
The median home value in 27117, Winston-Salem, NC is estimated at $122,700. Buying a typical home here with a standard 20% down payment ($24,540) translates to an estimated starting monthly mortgage payment of $951 (principal and interest). Compared to the local area median household income of $55,696 ($4,641/mo), this basic housing payment represents approximately 20.5% 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.