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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 | 6.966%APR 7.005% | 0 pts$0 | $1,122/moP&I $1,122 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.959%APR 6.730% | 0 pts$0 | $1,106/moP&I $1,028 · MI $79 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.128%APR 6.183% | 0 pts$0 | $1,028/moP&I $1,028 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.926%APR 6.965% | 0 pts$0 | $1,117/moP&I $1,117 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.704% | 0 pts$0 | $1,198/moP&I $1,198 · 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 | 6.128% | 6.183% | 0 pts ($0) | $1,439/mo | $29,140 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.099% | 6.156% | 0 pts ($0) | $1,796/mo | $40,372 |
Condo 10% Down | 10% | 720 credit score | 7.292% | 7.466% | 0 pts ($0) | $1,304/mo | $45,887 |
Conventional 10% Down | 10% | 720 credit score | 6.788% | 6.949% | 0 pts ($0) | $1,239/mo | $42,995 |
Conventional 20% Down | 20% | 740 credit score | 6.966% | 7.005% | 0 pts ($0) | $1,122/mo | $34,811 |
Conventional 5% Down | 5% | 700 credit score | 7.105% | 7.588% | 0 pts ($0) | $1,351/mo | $47,303 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.411% | 7.453% | 0 pts ($0) | $1,466/mo | $50,476 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,252/mo | $42,404 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.835% | 7.214% | 0 pts ($0) | $1,342/mo | $48,476 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.926% | 6.965% | 0 pts ($0) | $1,397/mo | $47,383 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,745/mo | $41,609 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.959% | 6.730% | 0 pts ($0) | $1,240/mo | $43,430 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,281/mo | $44,857 |
FHA Streamline Refi | 0% | 640 credit score | 6.082% | 6.855% | 0 pts ($0) | $1,302/mo | $45,801 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.062% | 7.310% | 0 pts ($0) | $1,345/mo | $48,851 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,323/mo | $25,905 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.704% | 0 pts ($0) | $1,123/mo | $35,788 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,140/mo | $35,622 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,230/mo | $37,706 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.322% | 7.099% | 0 pts ($0) | $1,288/mo | $45,696 |
Second Home 10% Down | 10% | 720 credit score | 6.070% | 6.648% | 0 pts ($0) | $1,150/mo | $38,882 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,112/mo | $34,393 |
VA 0% Down | 0% | 700 credit score | 6.084% | 6.330% | 0 pts ($0) | $1,307/mo | $43,261 |
VA Cash-Out Refi | 0% | 640 credit score | 6.088% | 6.459% | 0 pts ($0) | $1,307/mo | $43,287 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.078% | 6.232% | 0 pts ($0) | $1,306/mo | $43,222 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,164/mo | $36,816 |
Frequently Asked Questions
What are today's mortgage rates in 28631, , NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 28631, , NC is 6.966% (with an estimated monthly payment of $1,721). Active program rates also include FHA 30-year fixed loans at 5.959% and VA 0%-down fixed loans at 6.084%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 28631, , 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 28631, , NC have fluctuated between a low of 6.853% and a high of 7.095%. 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 28631, , NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $211,485 in 28631, , NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $42,297 but keeps your monthly payment lower at $1,721/mo (at 6.966% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,402 (3.5% down) but has an estimated payment of $1,902/mo (at 5.959% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $204,083 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 28631 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 28631 is $806,501. With a typical local home value of $211,485 in , a standard 20%-down mortgage requires a loan size of $169,188. 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 28631, , NC impact estimated mortgage payments?
The median home value in 28631, , NC is estimated at $211,485. Buying a typical home here with a standard 20% down payment ($42,297) translates to an estimated starting monthly mortgage payment of $1,721 (principal and interest). Compared to the local area median household income of $54,544 ($4,545/mo), this basic housing payment represents approximately 37.9% 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.