Compare mortgage rates and fees for leading lenders in Augusta, GA. 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 lender offering the best mortgage rates in Augusta.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Augusta. Plus, shopping lenders is free and there is no obligation.
December 9, 2019
The current average rate for a 30 year fixed rate mortgage in Augusta 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%
The median home value for Augusta, GA (Richmond County) is $110,555
The median household income for Augusta, GA (Richmond County) is $40,635
Based on current mortgage rates and a 10% down payment, you need to make $20,511 per year to buy the median priced home in Augusta
The home price you can afford to buy based on household income in Augusta is 198% of the median home value which means housing prices are average
Augusta (Richmond County) ranks 83 out of 159 counties in Georgia and 1,626 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Augusta, GA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Augusta (Richmond County) below.
Conforming loan limits for Augusta, GA
FHA loan limits for Augusta, GA
VA loan limits for Augusta, GA
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index