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Decatur

Current Mortgage Rates in Decatur, Georgia

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

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

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Mortgage Rates in Decatur, GA as of August 22, 2019
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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 Decatur, GA Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Decatur 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
Decatur, GA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Decatur, Georgia?

The median home value for Decatur, GA (DeKalb County) is $215,384

The median household income for Decatur, GA (DeKalb County) is $57,584

Based on current mortgage rates and a 10% down payment, you need to make $39,961 per year to buy the median priced home in Decatur

The home price you can afford to by based on household income in Decatur is 144% of the median home value which means housing prices are average

Decatur (DeKalb County) ranks 146 out of 159 counties in Georgia and 2,618 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Decatur, Georgia

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

Conforming loan limits for Decatur, GA

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Decatur, GA

1 unit: $379,500
2 units: $485,800
3 units: $587,250
4 units: $729,800

VA loan limits for Decatur, GA

1 unit: $484,350

Additional Mortgage Resources for Decatur, GA Residents

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Sources

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