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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 | 6.843%APR 6.877% | 0 pts$0 | $2,467/moP&I $2,467 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.975%APR 6.743% | 0 pts$0 | $2,468/moP&I $2,293 · MI $176 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.899%APR 5.947% | 0 pts$0 | $2,235/moP&I $2,235 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.590%APR 6.624% | 0 pts$0 | $2,404/moP&I $2,404 · MI $0 | See details |
| Investment Property FixedConforming | 7.537%APR 7.576% | 0 pts$0 | $2,644/moP&I $2,644 · 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 | 5.899% | 5.947% | 0 pts ($0) | $3,159/mo | $62,403 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.918% | 5.968% | 0 pts ($0) | $3,954/mo | $87,448 |
Condo 10% Down | 10% | 720 credit score | 7.054% | 7.218% | 0 pts ($0) | $2,836/mo | $99,158 |
Conventional 10% Down | 10% | 720 credit score | 6.532% | 6.685% | 0 pts ($0) | $2,688/mo | $92,491 |
Conventional 20% Down | 20% | 740 credit score | 6.843% | 6.877% | 0 pts ($0) | $2,467/mo | $76,135 |
Conventional 5% Down | 5% | 700 credit score | 6.967% | 7.443% | 0 pts ($0) | $2,967/mo | $103,493 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.286% | 7.323% | 0 pts ($0) | $3,225/mo | $110,644 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,787/mo | $94,442 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.750% | 7.123% | 0 pts ($0) | $2,963/mo | $106,796 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.590% | 6.624% | 0 pts ($0) | $3,005/mo | $100,764 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,887/mo | $92,672 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.975% | 6.743% | 0 pts ($0) | $2,765/mo | $96,950 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,854/mo | $99,905 |
FHA Streamline Refi | 0% | 640 credit score | 6.104% | 6.874% | 0 pts ($0) | $2,906/mo | $102,325 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.941% | 7.182% | 0 pts ($0) | $2,959/mo | $107,169 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,947/mo | $57,696 |
Investment Property 25% Down | 25% | 740 credit score | 7.537% | 7.576% | 0 pts ($0) | $2,479/mo | $78,770 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,539/mo | $79,338 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,739/mo | $83,979 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.344% | 7.118% | 0 pts ($0) | $2,876/mo | $102,082 |
Second Home 10% Down | 10% | 720 credit score | 5.987% | 6.559% | 0 pts ($0) | $2,538/mo | $85,542 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,478/mo | $76,600 |
VA 0% Down | 0% | 700 credit score | 5.969% | 6.210% | 0 pts ($0) | $2,875/mo | $94,688 |
VA Cash-Out Refi | 0% | 640 credit score | 5.976% | 6.341% | 0 pts ($0) | $2,877/mo | $94,789 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.991% | 6.141% | 0 pts ($0) | $2,882/mo | $95,006 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,592/mo | $81,997 |
Frequently Asked Questions
What are today's mortgage rates in 28718, , NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 28718, , NC is 6.843% (with an estimated monthly payment of $2,983). Active program rates also include FHA 30-year fixed loans at 5.975% and VA 0%-down fixed loans at 5.969%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 28718, , 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 28718, , NC have fluctuated between a low of 6.464% and a high of 6.924%. 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 28718, , NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $471,022 in 28718, , NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $94,204 but keeps your monthly payment lower at $2,983/mo (at 6.843% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,486 (3.5% down) but has an estimated payment of $3,293/mo (at 5.975% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $454,536 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 28718 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 28718 is $806,501. With a typical local home value of $471,022 in , a standard 20%-down mortgage requires a loan size of $376,818. 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 28718, , NC impact estimated mortgage payments?
The median home value in 28718, , NC is estimated at $471,022. Buying a typical home here with a standard 20% down payment ($94,204) translates to an estimated starting monthly mortgage payment of $2,983 (principal and interest). Compared to the local area median household income of $84,742 ($7,062/mo), this basic housing payment represents approximately 42.2% 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.