Current Mortgage Rates in Winston-Salem

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.697%	1.898	$2,840
VA 30-Year Fixed	6.750%	7.147%	1.919	$2,799
Conventional 15-Year Fixed	6.625%	7.098%	2.118	$3,574
Conventional 30-Year Fixed	7.125%	7.439%	2.246	$2,859
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,487

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.862%	2.415	$2,870
VA 30-Year Refinance	7.000%	7.291%	2.333	$2,841
Conventional 15-Year Refinance	6.875%	7.362%	2.359	$3,622
Conventional 30-Year Refinance	7.375%	7.684%	2.356	$2,918
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,567

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.697% APR and $2,840 monthly payment at 70% loan-to-value (LTV) and 1.898 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.147% APR and $2,799 monthly payment at 70% loan-to-value (LTV) and 1.919 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.098% APR and $3,574 monthly payment at 70% loan-to-value (LTV) and 2.118 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.439% APR and $2,859 monthly payment at 70% loan-to-value (LTV) and 2.246 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,487 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.82% effective rate for Forsyth County, North Carolina, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $1,916 for Winston-Salem, NC, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.862% APR and $2,870 monthly payment at 70% loan-to-value (LTV) and 2.415 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.291% APR and $2,841 monthly payment at 70% loan-to-value (LTV) and 2.333 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.362% APR and $3,622 monthly payment at 70% loan-to-value (LTV) and 2.359 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.684% APR and $2,918 monthly payment at 70% loan-to-value (LTV) and 2.356 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,567 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Winston-Salem, NC property taxes, and estimated homeowners insurance.

Winston-Salem housing market at a glance

September 2026 data

In Winston-Salem, homes are selling in about 64 days (14 slower than a year ago), sales are up 27.7% from last year, and about 24% of listings have had a price cut.

Median sale price

$315,000

$179 per sq. ft.

Homes sold

1,680

▲ 27.7% vs. 1,316 last year

Days on market

vs. 50 days last year

Homes for sale

1,655

99 new listings

Listings with a price cut

24%

400 of 1,655 listings

Source: Movoto Winston-Salem, NC market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Winston-Salem

Monthly payments on Winston-Salem's median home price of $315,000 (September 2026), at today's rates.

20% down · Conventional

$2,073/mo

Down payment: $63,000
Loan amount: $252,000
Rate: 7.125%
Principal & interest: $1,698
Est. property tax: $215
Est. homeowners insurance: $160

5% down · Conventional

$2,391/mo

Down payment: $15,750
Loan amount: $299,250
Rate: 7.125%
Principal & interest: $2,016
Est. property tax: $215
Est. homeowners insurance: $160

3.5% down · FHA

$2,407/mo

Down payment: $11,025
Loan amount: $309,295
Rate: 6.875%
Principal & interest: $2,032
Est. property tax: $215
Est. homeowners insurance: $160

Payments include principal, interest, estimated Winston-Salem property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Winston-Salem?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Winston-Salem property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Winston-Salem's $315,000 median home:

20% down · Conventional$2,073/mo payment $88,830/yrabout $7,402/mo before taxes

5% down · Conventional$2,391/mo payment $102,473/yrabout $8,539/mo before taxes

3.5% down · FHA$2,407/mo payment $103,147/yrabout $8,596/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $252,000 loan (the Winston-Salem median price with 20% down). Every 0.25% is worth about $42/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$1,531	$1,572	$1,614	$1,655	$1,698	$1,741

Ways to make a Winston-Salem home more affordable

Negotiate on price. About 24% of Winston-Salem listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 64 days to sell, 14 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $84 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Winston-Salem mortgage and home buying FAQs

What are mortgage rates in Winston-Salem today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Winston-Salem is 7.125% (7.439% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Winston-Salem?

On Winston-Salem’s $315,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,073 a month, including principal, interest, estimated Winston-Salem property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $2,407 a month before monthly mortgage insurance.

How much income do I need to buy a house in Winston-Salem?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $88,830 a year to buy Winston-Salem’s $315,000 median home with 20% down, or about $103,147 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Winston-Salem?

On the $315,000 median home, 20% down is $63,000, 5% down is $15,750, and the FHA minimum of 3.5% is $11,025. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Winston-Salem right now?

In September 2026, Winston-Salem homes sold in about 64 days, 14 days slower than a year earlier. 1680 homes sold, up from 1316 the year before, and about 24% of the 1655 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Winston-Salem?

On a $252,000 loan (the median Winston-Salem home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $42 a month, or about $508 a year.

How much are property taxes in Winston-Salem?

Lower estimates Winston-Salem property taxes at about 0.82% of a home’s value per year. On the $315,000 median home, that’s roughly $2,583 a year, or $215 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Winston-Salem from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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Cade K. rated Clay Brown 5.0 stars: Clay was very available for any questions I had and was there to guide me there the process Texie G. rated Clay Brown 5.0 stars: Clay is a great communicator. He stayed in touch, responded quickly to our inquiries, and answered our questions effectively. Rob W. rated Jonathan Wood 5.0 stars: Every transaction with Jon is always a smooth one and it makes the buying process that much more painless for our clients - so a huge win in our book! Brandon P. rated Angie Lewis 5.0 stars: Ms. Angie was a big help in this process Morganne O. rated Mitchell Wells 5.0 stars: Quick comminicstion from Mitchell and his team Meredith W. rated Phil Cunningham 5.0 stars: Phil went above and beyond to provide personalized advice and took the time to think outside of the box to get us the best situation possible

Winston-Salem Mortgage Rates Today