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Macon

Current Mortgage Rates in Macon, Georgia

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

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

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Mortgage Rates in Macon, GA as of April 2, 2020
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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.
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How Do Today's Macon, GA Mortgage Rates Compare?

April 2, 2020

The current average rate for a 30 year fixed rate mortgage in Macon 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
Macon, 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 Macon, Georgia?

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

The median home value for Macon, GA (Bibb County) is $135,104

Based on current mortgage rates and a 10% down payment, you need to make $24,315 per year to buy the median priced home in Macon

With this income, you could qualify for a $121,594 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 Macon is $563

The median household income for Macon, GA (Bibb County) is $40,269

Based on this income, you can afford a home valued at approximately $223,751

The home price you can afford to buy based on household income in Macon is 166% of the median home value which means housing prices are average. Macon (Bibb County) ranks 121 out of 159 counties in Georgia and 2,257 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Macon, Georgia

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

Conforming loan limits for Macon, GA

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

FHA loan limits for Macon, GA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Macon, GA

1 unit: $510,400

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