Compare mortgage rates and fees for leading lenders in Forest Park, 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 Forest Park.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Forest Park. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Forest Park 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 Forest Park, GA (Clayton County) is $111,573
The median household income for Forest Park, GA (Clayton County) is $45,454
Based on current mortgage rates and a 10% down payment, you need to make $20,700 per year to buy the median priced home in Forest Park
The home price you can afford to buy based on household income in Forest Park is 220% of the median home value which means housing prices are affordable
Forest Park (Clayton County) ranks 52 out of 159 counties in Georgia and 1,202 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Forest Park, GA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Forest Park (Clayton County) below.
Conforming loan limits for Forest Park, GA
FHA loan limits for Forest Park, GA
VA loan limits for Forest Park, 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