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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 | 6.941%APR 6.979% | 0 pts$0 | $1,566/moP&I $1,566 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.952%APR 6.722% | 0 pts$0 | $1,547/moP&I $1,437 · MI $110 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.076%APR 6.130% | 0 pts$0 | $1,431/moP&I $1,431 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.961%APR 6.999% | 0 pts$0 | $1,569/moP&I $1,569 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.690% | 0 pts$0 | $1,676/moP&I $1,676 · 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 | 6.076% | 6.130% | 0 pts ($0) | $2,007/mo | $40,417 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.009% | 6.063% | 0 pts ($0) | $2,499/mo | $55,718 |
Condo 10% Down | 10% | 720 credit score | 7.262% | 7.434% | 0 pts ($0) | $1,819/mo | $63,965 |
Conventional 10% Down | 10% | 720 credit score | 6.766% | 6.926% | 0 pts ($0) | $1,730/mo | $59,983 |
Conventional 20% Down | 20% | 740 credit score | 6.941% | 6.979% | 0 pts ($0) | $1,566/mo | $48,530 |
Conventional 5% Down | 5% | 700 credit score | 7.070% | 7.552% | 0 pts ($0) | $1,884/mo | $65,891 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.382% | 7.423% | 0 pts ($0) | $2,045/mo | $70,369 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,751/mo | $59,332 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.828% | 7.206% | 0 pts ($0) | $1,877/mo | $67,768 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.961% | 6.999% | 0 pts ($0) | $1,961/mo | $66,612 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,442/mo | $58,220 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.952% | 6.722% | 0 pts ($0) | $1,733/mo | $60,708 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,793/mo | $62,765 |
FHA Streamline Refi | 0% | 640 credit score | 6.072% | 6.844% | 0 pts ($0) | $1,819/mo | $63,995 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.027% | 7.273% | 0 pts ($0) | $1,875/mo | $68,057 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,851/mo | $36,247 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.690% | 0 pts ($0) | $1,571/mo | $50,076 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,595/mo | $49,843 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,721/mo | $52,759 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.312% | 7.088% | 0 pts ($0) | $1,801/mo | $63,852 |
Second Home 10% Down | 10% | 720 credit score | 5.957% | 6.531% | 0 pts ($0) | $1,589/mo | $53,501 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,557/mo | $48,124 |
VA 0% Down | 0% | 700 credit score | 6.074% | 6.320% | 0 pts ($0) | $1,827/mo | $60,441 |
VA Cash-Out Refi | 0% | 640 credit score | 6.078% | 6.449% | 0 pts ($0) | $1,827/mo | $60,477 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.085% | 6.239% | 0 pts ($0) | $1,829/mo | $60,541 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,628/mo | $51,514 |
Frequently Asked Questions
What are today's mortgage rates in Winston-Salem, NC across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Winston-Salem, NC is 6.941% (with an estimated monthly payment of $1,889). Active program rates also include FHA 30-year fixed loans at 5.952% and VA 0%-down fixed loans at 6.074%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 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 Winston-Salem, NC have fluctuated between a low of 6.591% and a high of 7.040%. 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 Winston-Salem, NC?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $295,916 in Winston-Salem, NC, a standard 20%-down Conventional loan requires an upfront cash down payment of $59,183 but keeps your monthly payment lower at $1,889/mo (at 6.941% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,357 (3.5% down) but has an estimated payment of $2,091/mo (at 5.952% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $285,559 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 Winston-Salem before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Winston-Salem is $806,501. With a typical local home value of $295,916 in , a standard 20%-down mortgage requires a loan size of $236,733. 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 Winston-Salem, NC impact estimated mortgage payments?
The median home value in Winston-Salem, NC is estimated at $295,916. Buying a typical home here with a standard 20% down payment ($59,183) translates to an estimated starting monthly mortgage payment of $1,889 (principal and interest). Compared to the local area median household income of $65,457 ($5,455/mo), this basic housing payment represents approximately 34.6% 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.