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.
May 31, 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%
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
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
FHA loan limits for Gwinnett, GA
VA loan limits for Gwinnett, GA