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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 | 6.979%APR 7.018% | 0 pts$0 | $1,362/moP&I $1,362 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.067%APR 6.840% | 0 pts$0 | $1,356/moP&I $1,260 · MI $96 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.200%APR 6.257% | 0 pts$0 | $1,256/moP&I $1,256 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.989%APR 7.028% | 0 pts$0 | $1,363/moP&I $1,363 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.712% | 0 pts$0 | $1,452/moP&I $1,452 · 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 | 6.200% | 6.257% | 0 pts ($0) | $1,753/mo | $35,762 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.067% | 6.122% | 0 pts ($0) | $2,173/mo | $48,715 |
Condo 10% Down | 10% | 720 credit score | 7.307% | 7.481% | 0 pts ($0) | $1,583/mo | $55,745 |
Conventional 10% Down | 10% | 720 credit score | 6.800% | 6.962% | 0 pts ($0) | $1,505/mo | $52,217 |
Conventional 20% Down | 20% | 740 credit score | 6.979% | 7.018% | 0 pts ($0) | $1,362/mo | $42,290 |
Conventional 5% Down | 5% | 700 credit score | 7.122% | 7.608% | 0 pts ($0) | $1,641/mo | $57,482 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.426% | 7.468% | 0 pts ($0) | $1,780/mo | $61,320 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,518/mo | $51,416 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.839% | 7.218% | 0 pts ($0) | $1,628/mo | $58,809 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.989% | 7.028% | 0 pts ($0) | $1,704/mo | $57,941 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,116/mo | $50,452 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.067% | 6.840% | 0 pts ($0) | $1,520/mo | $53,478 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,554/mo | $54,391 |
FHA Streamline Refi | 0% | 640 credit score | 6.262% | 7.038% | 0 pts ($0) | $1,609/mo | $56,948 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.080% | 7.328% | 0 pts ($0) | $1,634/mo | $59,366 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,604/mo | $31,411 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.712% | 0 pts ($0) | $1,361/mo | $43,395 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,382/mo | $43,193 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,491/mo | $45,720 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.432% | 7.211% | 0 pts ($0) | $1,580/mo | $56,242 |
Second Home 10% Down | 10% | 720 credit score | 6.075% | 6.653% | 0 pts ($0) | $1,395/mo | $47,181 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,349/mo | $41,703 |
VA 0% Down | 0% | 700 credit score | 6.089% | 6.336% | 0 pts ($0) | $1,586/mo | $52,495 |
VA Cash-Out Refi | 0% | 640 credit score | 6.075% | 6.446% | 0 pts ($0) | $1,583/mo | $52,385 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.239% | 0 pts ($0) | $1,585/mo | $52,455 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,411/mo | $44,641 |
Frequently Asked Questions
What are today's mortgage rates in 28644, , NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 28644, , NC is 6.979% (with an estimated monthly payment of $1,646). Active program rates also include FHA 30-year fixed loans at 6.067% and VA 0%-down fixed loans at 6.089%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 28644, , 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 28644, , NC have fluctuated between a low of 6.867% and a high of 7.124%. 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 28644, , NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $256,435 in 28644, , NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $51,287 but keeps your monthly payment lower at $1,646/mo (at 6.979% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,975 (3.5% down) but has an estimated payment of $1,838/mo (at 6.067% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $247,460 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 28644 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 28644 is $806,501. With a typical local home value of $256,435 in , a standard 20%-down mortgage requires a loan size of $205,148. 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 28644, , NC impact estimated mortgage payments?
The median home value in 28644, , NC is estimated at $256,435. Buying a typical home here with a standard 20% down payment ($51,287) translates to an estimated starting monthly mortgage payment of $1,646 (principal and interest). Compared to the local area median household income of $57,478 ($4,790/mo), this basic housing payment represents approximately 34.4% 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.