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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 5.88% 5.88% 0.00
15 year fixed 4.88% 5.13% -0.25
5/1 ARM 7.88% 7.38% +0.50
30 yr fixed mtg refi 6.63% 6.75% -0.13
15 yr fixed mtg refi 5.75% 5.75% 0.00
7/1 ARM refi 7.75% 7.50% +0.25
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: $249,700 (U.S. Census Bureau)
  • Loan Funding Rate: 53.79% (CFPB)
  • Homeownership Rate: 64% (St. Louis Fed)
  • Median Monthly Homeownership Costs: $1,514 (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 almost $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 $249,700, while the national median is considerably higher at $281,400.

The conforming loan limits across Georgia hold steady at $726,200. The FHA loan limits have a much wider variety throughout the state, and range from the baseline of $472,030 and top out at $592,250.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Appling$726,200$472,030
Atkinson$726,200$472,030
Bacon$726,200$472,030
Baker$726,200$472,030
Baldwin$726,200$472,030
Banks$726,200$472,030
Barrow$726,200$592,250
Bartow$726,200$592,250
Ben Hill$726,200$472,030
Berrien$726,200$472,030
Bibb$726,200$472,030
Bleckley$726,200$472,030
Brantley$726,200$472,030
Brooks$726,200$472,030
Bryan$726,200$472,030
Bulloch$726,200$472,030
Burke$726,200$472,030
Butts$726,200$592,250
Calhoun$726,200$472,030
Camden$726,200$472,030
Candler$726,200$472,030
Carroll$726,200$592,250
Catoosa$726,200$472,030
Charlton$726,200$472,030
Chatham$726,200$472,030
Chattahoochee$726,200$472,030
Chattooga$726,200$472,030
Cherokee$726,200$592,250
Clarke$726,200$516,350
Clay$726,200$472,030
Clayton$726,200$592,250
Clinch$726,200$472,030
Cobb$726,200$592,250
Coffee$726,200$472,030
Colquitt$726,200$472,030
Columbia$726,200$472,030
Cook$726,200$472,030
Coweta$726,200$592,250
Crawford$726,200$472,030
Crisp$726,200$472,030
Dade$726,200$472,030
Dawson$726,200$592,250
Decatur$726,200$472,030
Dekalb$726,200$592,250
Dodge$726,200$472,030
Dooly$726,200$472,030
Dougherty$726,200$472,030
Douglas$726,200$592,250
Early$726,200$472,030
Echols$726,200$472,030
Effingham$726,200$472,030
Elbert$726,200$472,030
Emanuel$726,200$472,030
Evans$726,200$472,030
Fannin$726,200$472,030
Fayette$726,200$592,250
Floyd$726,200$472,030
Forsyth$726,200$592,250
Franklin$726,200$472,030
Fulton$726,200$592,250
Gilmer$726,200$472,030
Glascock$726,200$472,030
Glynn$726,200$472,030
Gordon$726,200$472,030
Grady$726,200$472,030
Greene$726,200$515,200
Gwinnett$726,200$592,250
Habersham$726,200$472,030
Hall$726,200$472,030
Hancock$726,200$472,030
Haralson$726,200$592,250
Harris$726,200$472,030
Hart$726,200$472,030
Heard$726,200$592,250
Henry$726,200$592,250
Houston$726,200$472,030
Irwin$726,200$472,030
Jackson$726,200$472,030
Jasper$726,200$592,250
Jeff Davis$726,200$472,030
Jefferson$726,200$472,030
Jenkins$726,200$472,030
Johnson$726,200$472,030
Jones$726,200$472,030
Lamar$726,200$592,250
Lanier$726,200$472,030
Laurens$726,200$472,030
Lee$726,200$472,030
Liberty$726,200$472,030
Lincoln$726,200$472,030
Long$726,200$472,030
Lowndes$726,200$472,030
Lumpkin$726,200$472,030
Mcduffie$726,200$472,030
Mcintosh$726,200$516,350
Macon$726,200$472,030
Madison$726,200$472,030
Marion$726,200$472,030
Meriwether$726,200$592,250
Miller$726,200$472,030
Mitchell$726,200$472,030
Monroe$726,200$472,030
Montgomery$726,200$472,030
Morgan$726,200$592,250
Murray$726,200$472,030
Muscogee$726,200$472,030
Newton$726,200$592,250
Oconee$726,200$516,350
Oglethorpe$726,200$516,350
Paulding$726,200$592,250
Peach$726,200$472,030
Pickens$726,200$592,250
Pierce$726,200$472,030
Pike$726,200$592,250
Polk$726,200$472,030
Pulaski$726,200$472,030
Putnam$726,200$472,030
Quitman$726,200$472,030
Rabun$726,200$472,030
Randolph$726,200$472,030
Richmond$726,200$472,030
Rockdale$726,200$592,250
Schley$726,200$472,030
Screven$726,200$472,030
Seminole$726,200$472,030
Spalding$726,200$592,250
Stephens$726,200$472,030
Stewart$726,200$472,030
Sumter$726,200$472,030
Talbot$726,200$472,030
Taliaferro$726,200$472,030
Tattnall$726,200$472,030
Taylor$726,200$472,030
Telfair$726,200$472,030
Terrell$726,200$472,030
Thomas$726,200$472,030
Tift$726,200$472,030
Toombs$726,200$472,030
Towns$726,200$472,030
Treutlen$726,200$472,030
Troup$726,200$472,030
Turner$726,200$472,030
Twiggs$726,200$472,030
Union$726,200$472,030
Upson$726,200$472,030
Walker$726,200$472,030
Walton$726,200$592,250
Ware$726,200$472,030
Warren$726,200$472,030
Washington$726,200$472,030
Wayne$726,200$472,030
Webster$726,200$472,030
Wheeler$726,200$472,030
White$726,200$472,030
Whitfield$726,200$472,030
Wilcox$726,200$472,030
Wilkes$726,200$472,030
Wilkinson$726,200$472,030
Worth$726,200$472,030

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 5.84% (Zillow, Jan. 2023).

Georgia Jumbo Loan Rates

A jumbo loan exceeds the conforming loan limit, which in the vast majority of Georgia’s counties is $726,200. 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 6.36% (Zillow, Jan. 2023).

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 5.64% (Zillow, Jan. 2023).

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.