»
»
Gwinnett

Current Mortgage Rates in Gwinnett, Georgia

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

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

%
Mortgage Rates in Gwinnett, GA as of February 25, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

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

February 25, 2020

The current average rate for a 30 year fixed rate mortgage in Gwinnett 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
Gwinnett, GA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Gwinnett, Georgia?

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

The median home value for Gwinnett, GA is $253,761

Based on current mortgage rates and a 10% down payment, you need to make $45,670 per year to buy the median priced home in Gwinnett

With this income, you could qualify for a $228,385 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 Gwinnett is $1,058

The median household income for Gwinnett, GA is $68,020

Based on this income, you can afford a home valued at approximately $377,944

The home price you can afford to buy based on household income in Gwinnett is 149% of the median home value which means housing prices are average. Gwinnett ranks 140 out of 159 counties in Georgia and 2,542 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Gwinnett, Georgia

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Gwinnett below.

Conforming loan limits for Gwinnett, GA

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

FHA loan limits for Gwinnett, GA

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

VA loan limits for Gwinnett, GA

1 unit: $510,400

Additional Mortgage Resources for Gwinnett, GA Residents

Mortgage Rates for Georgia Cities

Athens Mortgage Rates

Atlanta Mortgage Rates

Augusta Mortgage Rates

Canton Mortgage Rates

Carrollton Mortgage Rates

Columbia Mortgage Rates

Columbus Mortgage Rates

Cumming Mortgage Rates

Decatur Mortgage Rates

Dunwoody Mortgage Rates

Forest Park Mortgage Rates

Gainesville Mortgage Rates

Gwinnett Mortgage Rates

Macon Mortgage Rates

Marietta Mortgage Rates

McDonough Mortgage Rates

Newnan Mortgage Rates

Paulding Mortgage Rates

Savannah Mortgage Rates

Warner Robins Mortgage Rates