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.
December 16, 2019
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%
The median home value for Gwinnett, GA is $237,160
The median household income for Gwinnett, GA is $66,468
Based on current mortgage rates and a 10% down payment, you need to make $44,001 per year to buy the median priced home in Gwinnett
The home price you can afford to buy based on household income in Gwinnett is 151% of the median home value which means housing prices are average
Gwinnett ranks 140 out of 159 counties in Georgia and 2,527 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
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