Current Mortgage Rates in Canton, Georgia

Compare mortgage rates and fees for leading lenders in Canton, 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 Canton.

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

Mortgage Rates in Canton, GA as of September 18, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Canton, GA Mortgage Rates Compare?

September 18, 2020

The current average rate for a 30 year fixed rate mortgage in Canton 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
Canton, GA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Canton, Georgia?

Below we provide helpful information on the real estate market, home prices and housing affordability in Canton. Understand how much you need to earn to afford a home in Canton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Canton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Canton is right for you.

The median home value for Canton, GA (Cherokee County) is $289,634

Based on current mortgage rates and a 10% down payment, you need to make $52,127 per year to buy the median priced home in Canton

With this income, you could qualify for a $260,670 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 Canton is $1,207

The median household income for Canton, GA (Cherokee County) is $79,601

Based on this income, you can afford a home valued at approximately $442,292

The home price you can afford to buy based on household income in Canton is 153% of the median home value which means housing prices are average. Canton (Cherokee County) ranks 137 out of 159 counties in Georgia and 2,492 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Canton, GA is average


Loan Limits for Canton, Georgia

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Canton (Cherokee County) below.

Conforming loan limits for Canton, GA

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Canton, GA

1 unit: $401,350
2 units: $513,800
3 units: $621,050
4 units: $771,850

VA loan limits for Canton, GA

1 unit: $510,400

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