Mortgage Rates in Fuquay-Varina, North Carolina — April 2026
Updated April 2026 | Based on Fuquay-Varina market data and regional lending conditions
Fuquay-Varina is a smaller North Carolina community of 35,748 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.14% (0.05% above the national average). The median home price of $385,000 translates to roughly $2,121/month with 20% down — requiring an income of about $90,900, which exceeds the local median of $72,000.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Fuquay-Varina, NC, the current 30-year rate is 6.14%. Shorter terms (15-year fixed at 5.38% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (5.74%) and VA loans (5.54%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Fuquay-Varina, NC
Below are the current average mortgage rates available in the Fuquay-Varina area as of April 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% | 6.09% | +0.05% |
| 15-Year Fixed | 5.38% | 5.58% | -0.2% |
| 5/1 ARM | 5.64% | 5.95% | -0.31% |
| FHA | 5.74% | 5.85% | -0.11% |
| VA | 5.54% | 5.65% | -0.11% |
| Jumbo | 6.34% | 6.25% | +0.09% |
Fuquay-Varina Housing Market Overview
Housing in Fuquay-Varina sits near the national average at $385,000. With a median household income of $72,000 and a cost of living index of 98, some buyers may need to look at lower price points or consider larger down payments.
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 April 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 0.05% above the national average of 6.09%.
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
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for North Carolina regional spread.
- Median home price: $385,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.77% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $72,000 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 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.