Current Georgia Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Georgia. Review free, personalized mortgage rates for Georgia based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

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.

Mortgage Rates for Georgia as of August 13, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Georgia Mortgage Rates Compare?

August 13, 2020

The current average rate for a 30 year fixed rate mortgage in Georgia is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Georgia Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $213,986

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Georgia is $38,512

With this income, you could qualify for a $192,587 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 $892

The median household income for Georgia is $58,105

Based on this income, you can afford a home valued at approximately $322,854

The home price you can afford to buy based on household income in Georgia is 151% 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


Additional Mortgage Resources for Georgia Residents

Mortgage Rates for Georgia Cities

Athens Mortgage Rates

Atlanta Mortgage Rates

Augusta Mortgage Rates

Canton Mortgage Rates

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Cumming Mortgage Rates

Decatur Mortgage Rates

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Forest Park Mortgage Rates

Gainesville Mortgage Rates

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Macon Mortgage Rates

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McDonough Mortgage Rates

Newnan Mortgage Rates

Paulding Mortgage Rates

Savannah Mortgage Rates

Warner Robins Mortgage Rates