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Columbus

Current Mortgage Rates in Columbus, Georgia

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

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

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Mortgage Rates in Columbus, GA as of January 20, 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.
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How Do Today's Columbus, GA Mortgage Rates Compare?

January 20, 2020

The current average rate for a 30 year fixed rate mortgage in Columbus 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
Today's
Columbus, GA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Columbus, Georgia?

Below we provide helpful information on the real estate market, home prices and housing affordability in Columbus. Understand how much you need to earn to afford a home in Columbus, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Columbus 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 Columbus is right for you.

The median home value for Columbus, GA (Muscogee County) is $150,164

Based on current mortgage rates and a 10% down payment, you need to make $27,026 per year to buy the median priced home in Columbus

With this income, you could qualify for a $135,148 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 Columbus is $626

The median household income for Columbus, GA (Muscogee County) is $45,602

Based on this income, you can afford a home valued at approximately $253,379

The home price you can afford to buy based on household income in Columbus is 169% of the median home value which means housing prices are average. Columbus (Muscogee County) ranks 116 out of 159 counties in Georgia and 2,200 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Columbus, Georgia

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

Conforming loan limits for Columbus, GA

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

FHA loan limits for Columbus, GA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Columbus, GA

1 unit: $510,400

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