Compare Current Gainesville, Georgia Mortgage Rates

Compare Gainesville, GA mortgage rates and fees from top lenders. 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 lowest mortgage rates in Gainesville.

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

Gainesville, GA Mortgage Rates as of May 25, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Gainesville, GA Mortgage Rates

May 25, 2024

Current mortgage rates in Gainesville, GA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Gainesville, GA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Gainesville, Georgia?

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

The median home value for Gainesville, GA (Hall County) is $333,740

Based on current mortgage rates and a 10% down payment, you need to make $69,624 per year to buy the median priced home in Gainesville

With this income, you could qualify for a $300,366 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 Gainesville is $1,612

The median household income for Gainesville, GA (Hall County) is $67,693

Based on this income, you can afford a home valued at approximately $324,486

The home price you can afford to buy based on household income in Gainesville is 97% of the median home value which means housing prices are expensive. Gainesville (Hall County) ranks 155 out of 159 counties in Georgia and 2,842 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Gainesville, GA is expensive


Loan Limits for Gainesville, Georgia

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

Conforming loan limits for Gainesville, GA

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Gainesville, GA

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Gainesville, GA

1 unit: $726,200

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