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.
December 12, 2019
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%
The median home value for Macon, GA (Bibb County) is $128,670
The median household income for Macon, GA (Bibb County) is $39,350
Based on current mortgage rates and a 10% down payment, you need to make $23,872 per year to buy the median priced home in Macon
The home price you can afford to buy based on household income in Macon is 165% of the median home value which means housing prices are average
Macon (Bibb County) ranks 123 out of 159 counties in Georgia and 2,288 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
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
FHA loan limits for Macon, GA
VA loan limits for Macon, 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