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Georgia

Current Georgia Mortgage Rates

Compare Georgia mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Georgia.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Georgia. Plus, shopping lenders is free and there is no obligation.

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Georgia Mortgage Rates as of December 6, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Georgia Mortgage Rates

December 6, 2024

Current mortgage rates in Georgia are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Georgia Rates
National
Average
Comparison
30 Year Fixed Rate
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6.670%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%

How Affordable is Housing in Georgia?

Below we offer valuable insights on the housing market and real estate prices in Georgia. Understand how much you need to make to buy a house in Georgia, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Georgia is affordable for you. We provide this helpful information to help you decide if living in Georgia is right for you.

The median home value for Georgia is $288,276

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Georgia is $60,139

With this income, you could qualify for a $259,449 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Georgia is $1,393

The median household income for Georgia is $69,461

Based on this income, you can afford a home valued at approximately $332,961

The home price you can afford to buy based on household income in Georgia is 116% of the median home value which means housing prices are average. Georgia ranks 23 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Georgia is average

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Additional Mortgage Resources for Georgia Residents

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