Compare mortgage rates and fees for leading lenders in Savannah, 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 Savannah.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Savannah. 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 Savannah 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 Savannah, GA (Chatham County) is $209,055
The median household income for Savannah, GA (Chatham County) is $53,811
Based on current mortgage rates and a 10% down payment, you need to make $38,786 per year to buy the median priced home in Savannah
The home price you can afford to buy based on household income in Savannah is 139% of the median home value which means housing prices are average
Savannah (Chatham County) ranks 151 out of 159 counties in Georgia and 2,703 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Savannah, GA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Savannah (Chatham County) below.
Conforming loan limits for Savannah, GA
FHA loan limits for Savannah, GA
VA loan limits for Savannah, 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