Mortgage Rates in Fuquay-Varina, North Carolina — March 2026
Updated March 2026 | Based on Fuquay-Varina market data and regional lending conditions
Fuquay-Varina is a growing city in North Carolina with a population of 35,748. The current 30-year fixed mortgage rate in Fuquay-Varina is 6.14%, which is 0.51% below the national average. With a median home price of $385,000 and a 20% down payment of $77,000, homebuyers can expect a monthly principal and interest payment of approximately $1,874.
Current Mortgage Rates in Fuquay-Varina, NC
Below are the current average mortgage rates available in the Fuquay-Varina area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.14% | 6.65% | -0.51% |
| 15-Year Fixed | 5.38% | 5.89% | -0.51% |
| 5/1 ARM | 5.64% | 6.15% | -0.51% |
| FHA | 5.74% | 6.25% | -0.51% |
| VA | 5.54% | 6.05% | -0.51% |
| Jumbo | 6.34% | 6.85% | -0.51% |
Fuquay-Varina Housing Market Overview
The Fuquay-Varina housing market reflects moderate demand with prices near the national average. The median household income in Fuquay-Varina is $72,000, and the cost of living index is 98 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $90,900 to comfortably afford the median-priced home in Fuquay-Varina, which exceeds the current median household income.
Monthly Payment Breakdown for Fuquay-Varina
Based on the median home price of $385,000 with 20% down ($77,000), here is what you can expect to pay monthly in Fuquay-Varina:
15-Year vs. 30-Year Mortgage in Fuquay-Varina
Choosing a 15-year mortgage in Fuquay-Varina at 5.38% instead of a 30-year at 6.14% would save you $225,180 in total interest over the life of the loan. However, your monthly payment would be $2,497 instead of $1,874 — an increase of $623 per month.
Calculate Your Fuquay-Varina Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Fuquay-Varina
What are the current mortgage rates in Fuquay-Varina, NC?
As of March 2026, the average 30-year fixed mortgage rate in Fuquay-Varina, North Carolina is 6.14%, while the 15-year fixed rate is 5.38%. FHA loans average 5.74% and VA loans 5.54%. These rates are 0.51% below the national average of 6.65%.
How much is a monthly mortgage payment in Fuquay-Varina?
Based on the median home price of $385,000 with 20% down, the estimated monthly mortgage payment in Fuquay-Varina is $1,874 for principal and interest. Including property taxes of $247/month, the total monthly housing cost is approximately $2,121.
What income do I need to buy a home in Fuquay-Varina?
Using the 28% rule, you would need an annual income of approximately $90,900 to afford the median-priced home in Fuquay-Varina at $385,000. The median household income in Fuquay-Varina is $72,000. This means most households would need to either earn above the median or consider homes below $385,000.
Is Fuquay-Varina a good place to buy a home in 2026?
Fuquay-Varina offers a below-average cost of living with a cost of living index of 98 (national average = 100). The property tax rate in North Carolina is 0.77%, which is below the national average. Fuquay-Varina has a population of 35,748 and offers a balanced lifestyle.
Mortgage Rates in Other North Carolina Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fuquay-Varina, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.