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Georgia Mortgage Rates

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Use SmartAsset's mortgage rate comparison tool to compare mortgage rates from the top lenders and find the one that best suits your needs.

Overview of Georgia Mortgages

With its college towns, iconic coastlines and historic streets beneath Spanish moss, Georgia is a wonderfully diverse southern state. For homebuyers here, mortgage rates are relatively stable and often right in line with the national average. Georgia’s conforming loan limits are uniform at the average national number, but FHA loan limits reflect the minor real estate price diversity of some of the state’s counties.

Today's Mortgage Rates in Georgia

Product Today Last Week Change
30 year fixed 6.00% 6.00% 0.00
15 year fixed 4.63% 4.63% 0.00
5/1 ARM 5.56% 5.04% +0.52
30 yr fixed mtg refi 5.75% 5.75% 0.00
15 yr fixed mtg refi 4.93% 4.93% 0.00
7/1 ARM refi 5.50% 5.50% 0.00
15 yr jumbo fixed mtg refi 3.02% 3.05% -0.03

National Mortgage Rates

Source: Freddie Mac Primary Mortgage Market Survey, SmartAsset Research
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Historical Mortgage Rates in Georgia

Photo Credit: ©iStock.com/Bill Stamatis

Georgia Mortgage Rates Quick Facts

  • Median Home Value: $202,500 (U.S. Census Bureau)
  • Loan Funding Rate: 53.68% (CFPB)
  • Homeownership Rate: 67.3% (St. Louis Fed)
  • Median Monthly Homeownership Costs: $1,417 (U.S. Census Bureau)

Georgia rates have historically followed closely to national averages. Homeownership costs are also fairly low on a national scale, as Georgia's median is roughly $200 below the U.S. mark.

A financial advisor in Georgia can help you plan for the homebuying process. Financial advisors can also help with investing and financial plans, including tax, retirement and estate planning, to make sure you are preparing for the future.

Georgia Historic Mortgage Rates*

YearGeorgia RateU.S. Rate
20007.967.86
20016.906.94
20026.456.44
20035.725.67
20045.695.68
20055.875.85
20066.566.54
20076.376.42
20086.056.06
20094.955.05
20104.754.81
20114.524.56
20123.643.65
20133.803.84
20144.124.13
20153.853.88
20163.723.73
20174.074.03
20184.584.56

*The FHFA stopped reporting new data in 2018.

Georgia Mortgages Overview

Compared to the rest of the nation, the typical Georgia home is relatively inexpensive. The state's median home value is $202,500, while the national median is considerably higher at $240,500.

The conforming loan limits across Georgia hold steady at $647,200. The FHA loan limits have a much wider variety throughout the state, and range from the baseline $420,680 and top out at $515,200.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Appling$647,200$420,680
Atkinson$647,200$420,680
Bacon$647,200$420,680
Baker$647,200$420,680
Baldwin$647,200$420,680
Banks$647,200$420,680
Barrow$647,200$471,500
Bartow$647,200$471,500
Ben Hill$647,200$420,680
Berrien$647,200$420,680
Bibb$647,200$420,680
Bleckley$647,200$420,680
Brantley$647,200$420,680
Brooks$647,200$420,680
Bryan$647,200$420,680
Bulloch$647,200$420,680
Burke$647,200$420,680
Butts$647,200$471,500
Calhoun$647,200$420,680
Camden$647,200$420,680
Candler$647,200$420,680
Carroll$647,200$471,500
Catoosa$647,200$420,680
Charlton$647,200$420,680
Chatham$647,200$420,680
Chattahoochee$647,200$420,680
Chattooga$647,200$420,680
Cherokee$647,200$471,500
Clarke$647,200$457,700
Clay$647,200$420,680
Clayton$647,200$471,500
Clinch$647,200$420,680
Cobb$647,200$471,500
Coffee$647,200$420,680
Colquitt$647,200$420,680
Columbia$647,200$420,680
Cook$647,200$420,680
Coweta$647,200$471,500
Crawford$647,200$420,680
Crisp$647,200$420,680
Dade$647,200$420,680
Dawson$647,200$471,500
Decatur$647,200$420,680
Dekalb$647,200$471,500
Dodge$647,200$420,680
Dooly$647,200$420,680
Dougherty$647,200$420,680
Douglas$647,200$471,500
Early$647,200$420,680
Echols$647,200$420,680
Effingham$647,200$420,680
Elbert$647,200$420,680
Emanuel$647,200$420,680
Evans$647,200$420,680
Fannin$647,200$420,680
Fayette$647,200$471,500
Floyd$647,200$420,680
Forsyth$647,200$471,500
Franklin$647,200$420,680
Fulton$647,200$471,500
Gilmer$647,200$420,680
Glascock$647,200$420,680
Glynn$647,200$420,680
Gordon$647,200$420,680
Grady$647,200$420,680
Greene$647,200$515,200
Gwinnett$647,200$471,500
Habersham$647,200$420,680
Hall$647,200$420,680
Hancock$647,200$420,680
Haralson$647,200$471,500
Harris$647,200$420,680
Hart$647,200$420,680
Heard$647,200$471,500
Henry$647,200$471,500
Houston$647,200$420,680
Irwin$647,200$420,680
Jackson$647,200$420,680
Jasper$647,200$471,500
Jeff Davis$647,200$420,680
Jefferson$647,200$420,680
Jenkins$647,200$420,680
Johnson$647,200$420,680
Jones$647,200$420,680
Lamar$647,200$471,500
Lanier$647,200$420,680
Laurens$647,200$420,680
Lee$647,200$420,680
Liberty$647,200$420,680
Lincoln$647,200$420,680
Long$647,200$420,680
Lowndes$647,200$420,680
Lumpkin$647,200$420,680
Mcduffie$647,200$420,680
Mcintosh$647,200$420,680
Macon$647,200$420,680
Madison$647,200$457,700
Marion$647,200$420,680
Meriwether$647,200$471,500
Miller$647,200$420,680
Mitchell$647,200$420,680
Monroe$647,200$420,680
Montgomery$647,200$420,680
Morgan$647,200$471,500
Murray$647,200$420,680
Muscogee$647,200$420,680
Newton$647,200$471,500
Oconee$647,200$457,700
Oglethorpe$647,200$457,700
Paulding$647,200$471,500
Peach$647,200$420,680
Pickens$647,200$471,500
Pierce$647,200$420,680
Pike$647,200$471,500
Polk$647,200$420,680
Pulaski$647,200$420,680
Putnam$647,200$420,680
Quitman$647,200$420,680
Rabun$647,200$420,680
Randolph$647,200$420,680
Richmond$647,200$420,680
Rockdale$647,200$471,500
Schley$647,200$420,680
Screven$647,200$420,680
Seminole$647,200$420,680
Spalding$647,200$471,500
Stephens$647,200$420,680
Stewart$647,200$420,680
Sumter$647,200$420,680
Talbot$647,200$420,680
Taliaferro$647,200$420,680
Tattnall$647,200$420,680
Taylor$647,200$420,680
Telfair$647,200$420,680
Terrell$647,200$420,680
Thomas$647,200$420,680
Tift$647,200$420,680
Toombs$647,200$420,680
Towns$647,200$420,680
Treutlen$647,200$420,680
Troup$647,200$420,680
Turner$647,200$420,680
Twiggs$647,200$420,680
Union$647,200$420,680
Upson$647,200$420,680
Walker$647,200$420,680
Walton$647,200$471,500
Ware$647,200$420,680
Warren$647,200$420,680
Washington$647,200$420,680
Wayne$647,200$420,680
Webster$647,200$420,680
Wheeler$647,200$420,680
White$647,200$420,680
Whitfield$647,200$420,680
Wilcox$647,200$420,680
Wilkes$647,200$420,680
Wilkinson$647,200$420,680
Worth$647,200$420,680

Georgia is a deed of trust state which means when you take out a mortgage in the Peach State you’ll most likely get a deed of trust loan document in lieu of an actual mortgage loan document. Lenders who issue deeds of trust usually do not have to go to court to foreclose on the home that the loan applies to. The lender can initiate a “power of sale” foreclosure by hiring a third party to auction the home it wants to foreclose.

Georgia sellers are not required to fill out disclosure forms about their property, but many do anyway. Under Georgia law, a seller is required to fill the buyer in on any important facts or problems having to do with the physical condition of the home. Because of that, most sellers find it easier to complete a written disclosure statement. While that law protects buyers, it’s still important to invest in a thorough home inspection to avoid any surprises before closing day.

30-Year Fixed Mortgage Rates in Georgia

A 30-year fixed-rate mortgage is the most popular type of home mortgage. The mortgage term lasts for 30 years and your interest rate stays the same unless you refinance in the future. Fixed-rate mortgages give you the benefit of a set principal and interest payment each month for the entirety of the loan term. That can help you with planning your budget. Most buyers who plan to stay in their home long term will choose this type of mortgage. You can also consider a fixed-rate mortgage with a 15-year term and pay a lower interest rate, but your monthly payments will be higher.

Georgia’s average 30-year fixed mortgage rate is 3.43% (Zillow, Jan. 2022).

Georgia Jumbo Loan Rates

A jumbo loan exceeds the conforming loan limit, which in the vast majority of Georgia’s counties is $647,200. That number also happens to be the most common in the United States. But if you're considering a jumbo loan for your mortgage, be aware that they come with higher interest rates.

The average 30-year fixed jumbo loan rate in Georgia is 3.24% (Zillow, Jan. 2022).

Georgia ARM Loan Rates

An adjustable-rate mortgage (ARM) typically offers a lower initial interest rate than a fixed-rate mortgage. The lower rate is available for an introductory period, generally one, three, five, seven or 10 years. When that period ends, the mortgage interest rate can rise.

On the plus side, an adjustable-rate mortgage’s interest can’t suddenly rise to a frighteningly high level. The interest rate is capped at a specific level in the loan’s terms, which means you will know upfront what the highest possible rate could be. That said, the loan rate may still adjust to a level that’s more than you can comfortably afford. It’s important to check that the maximum interest rate is one you can actually pay before choosing an ARM.

The average rate for a 5/1 ARM in Georgia is 2.65% (Zillow, Jan. 2022).

Georgia Mortgage Resources

Georgia first-time homebuyers and repeat homebuyers have the option to apply for home buying programs.

HomeSafe Georgia is a state-operated, federally funded mortgage assistance program that works to help homeowners avoid foreclosure. For qualifying homeowners, there is mortgage payment assistance, mortgage reinstatement assistance and mortgage payment reduction.

The Georgia Dream Homeownership Program also helps first-time homebuyers secure a mortgage. For eligible home buyers, they can provide homebuyer education, first mortgage loans and down payment assistance.

Eligible buyers in Atlanta can receive a $20,000 grant from the Atlanta Affordable Homeownership Program toward a down payment or closing costs. That money is forgiven (you don’t have to pay it back) after five years of living in the house.

Available Resources

ResourceProblem or IssueWho Qualifies
HomeSafe GeorgiaForeclosure avoidance.Homeowners who are struggling and may be facing foreclosure.
Georgia Dream Homeownership ProgramFirst-time homebuyers who need assistance securing a mortgage.Borrower must not have owned a home in the past three years, or must be purchasing a home in a targeted area. The borrower must meet income and purchase price limits, have limited assets and must invest at least $1,000 into the purchase transaction.
Invest Atlanta Affordable Homeownership ProgramAffording a mortgage in Atlanta.Must qualify for 30-year fixed rate FHA, VA or Conventional first mortgage. Home buyer cannot exceed $10,000 in liquid assets.
USDA Rural Development - Single family loansOffers payment assistance to increase an applicant’s repayment ability.Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; and Not be suspended or debarred from participation in federal programs.

Georgians who meet certain requirements can also apply for the United States Department of Agriculture Rural Development loan and grant programs. The USDA created these programs to help grow rural communities while offering safe, affordable housing for residents. Loans and grants are available for people looking to purchase a new home or repair their current home, who also meet the requirements set up by the program.

Georgia Mortgage Taxes

Georgia homeowners are allowed to deduct the mortgage interest they pay when they file their federal income taxes. Homeowners may be able double their deductions by including mortgage interest on state income taxes as well. That is the case in Georgia, where the rules follow the federal guides for itemized deductions closely.

Be aware that Georgia also charges taxes on real estate title transfers. The state real estate transfer tax for Georgia is $0.10 per $100, or 0.1%. In Georgia, the seller typically pays this fee.

Georgia Mortgage Refinance

Refinancing in Georgia? While the Home Affordable Refinance Program (HARP) doesn't exist anymore, there's an alternative: the High Loan-to-Value Refinance Option from Fannie Mae.

If neither of these options fit your situation, try working with the lender who issued you your original mortgage and also compare those rates with other lenders to find the solution that works best for you.