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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 | 6.861%APR 6.896% | 0 pts$0 | $2,515/moP&I $2,515 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.995%APR 6.764% | 0 pts$0 | $2,516/moP&I $2,338 · MI $179 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.932%APR 5.981% | 0 pts$0 | $2,282/moP&I $2,282 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.607%APR 6.641% | 0 pts$0 | $2,450/moP&I $2,450 · MI $0 | See details |
| Investment Property FixedConforming | 7.568%APR 7.608% | 0 pts$0 | $2,699/moP&I $2,699 · 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 | 5.932% | 5.981% | 0 pts ($0) | $3,221/mo | $63,857 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.941% | 5.992% | 0 pts ($0) | $4,029/mo | $89,292 |
Condo 10% Down | 10% | 720 credit score | 7.086% | 7.252% | 0 pts ($0) | $2,894/mo | $101,303 |
Conventional 10% Down | 10% | 720 credit score | 6.555% | 6.709% | 0 pts ($0) | $2,742/mo | $94,403 |
Conventional 20% Down | 20% | 740 credit score | 6.861% | 6.896% | 0 pts ($0) | $2,515/mo | $77,671 |
Conventional 5% Down | 5% | 700 credit score | 6.982% | 7.459% | 0 pts ($0) | $3,023/mo | $105,504 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.305% | 7.343% | 0 pts ($0) | $3,287/mo | $112,849 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,836/mo | $96,089 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.767% | 7.141% | 0 pts ($0) | $3,020/mo | $108,897 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.607% | 6.641% | 0 pts ($0) | $3,063/mo | $102,767 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,955/mo | $94,288 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.995% | 6.764% | 0 pts ($0) | $2,820/mo | $98,924 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,904/mo | $101,648 |
FHA Streamline Refi | 0% | 640 credit score | 6.130% | 6.901% | 0 pts ($0) | $2,964/mo | $104,491 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.956% | 7.198% | 0 pts ($0) | $3,016/mo | $109,244 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,998/mo | $58,702 |
Investment Property 25% Down | 25% | 740 credit score | 7.568% | 7.608% | 0 pts ($0) | $2,530/mo | $80,480 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,583/mo | $80,722 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,787/mo | $85,443 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.369% | 7.144% | 0 pts ($0) | $2,934/mo | $104,216 |
Second Home 10% Down | 10% | 720 credit score | 6.011% | 6.584% | 0 pts ($0) | $2,589/mo | $87,345 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,521/mo | $77,936 |
VA 0% Down | 0% | 700 credit score | 5.991% | 6.233% | 0 pts ($0) | $2,932/mo | $96,663 |
VA Cash-Out Refi | 0% | 640 credit score | 5.999% | 6.365% | 0 pts ($0) | $2,935/mo | $96,780 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.016% | 6.167% | 0 pts ($0) | $2,940/mo | $97,030 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,637/mo | $83,427 |
Frequently Asked Questions
What are today's mortgage rates in 28618, , NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 28618, , NC is 6.861% (with an estimated monthly payment of $2,682). Active program rates also include FHA 30-year fixed loans at 5.995% and VA 0%-down fixed loans at 5.991%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 28618, , 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 28618, , NC have fluctuated between a low of 6.482% and a high of 6.943%. 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 28618, , NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $479,237 in 28618, , NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $95,847 but keeps your monthly payment lower at $2,682/mo (at 6.861% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,773 (3.5% down) but has an estimated payment of $3,007/mo (at 5.995% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $462,464 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 28618 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 28618 is $806,501. With a typical local home value of $479,237 in , a standard 20%-down mortgage requires a loan size of $383,390. 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 28618, , NC impact estimated mortgage payments?
The median home value in 28618, , NC is estimated at $479,237. Buying a typical home here with a standard 20% down payment ($95,847) translates to an estimated starting monthly mortgage payment of $2,682 (principal and interest). Compared to the local area median household income of $72,794 ($6,066/mo), this basic housing payment represents approximately 44.2% 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.