Tue. Jan 19th, 2021

The state’s average housing price is $ 173,700, which falls below the national average of $ 217,600. Home values ​​can vary by region, with the average values ​​of some Georgia counties going above $ 300,000.

What are the mortgage rates in Georgia?

Average interest rate for a 30 year fixed rate Georgia Has Customizing Mortgages 3.01%.

House interest rates Range from 2.5% Service 4% in Georgia.

What are today’s mortgage rates?

By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.

Loan type

Rate of this week

Last week rate

30-Year Fixed Rate Mortgage 3.01% 3.03%
15-Year Fixed Rate Mortgage 2.58% 2.56%
30-Year Fixed-Rate Jumbo Mortgage 3.03% 3.09%
5/1 ARM 3.04% 3.06%
5/1 Jumbo ARM 2.86% 2.87%

* Rates up to October 28, 2020

US News’ Best Georgia Mortgage Lender

Methodology: US News conducted an in-depth review of major direct mortgage lenders in Georgia. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.

Best for large loan amount

Bank of America serves approximately 66 million customers in all 50 states. The lender offers traditional, Federal Housing Administration, Department of Veterans Affairs and Jumbo loans, as well as home equity lines of credit and mortgage refinancing.

Lender highlights

  • Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: $ 5 million
  • Better Business Bureau Rating: A +

Best counter

  • Different types of mortgages

  • Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients

  • No closing costs and no annual, balance transfer and cash advance fees for Halox.

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Best for online service

Caliber Home Loans of Coppell, Texas offers nationwide mortgages including traditional, refinance, jumbo and adjustable rate loans. The government-backed options are FHA, USDA and VA. Caliber has been in business since 2008 and focuses solely on home loans.

Before you apply

  • Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
  • Minimum FICO Credit Score: 580
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: a

Best counter

  • Homebuyer offers programs for the first time

  • FICO accepts mortgage applicants with credit scores as low as 580

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Best for low cost

Chase, one of the largest banks in the country, offers mortgage and refinance loans to qualified borrowers. Home equity loans and HELOC are also available.

Before you apply

  • Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
  • Minimum FICO Credit Score: 620
  • Maximum loan amount: $ 3 million
  • Better Business Bureau Rating: A +

Best counter

  • Accepts up to 3% down payment

  • Receives high marks from Better Business Bureau

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Best for customer service

Fifth Third Bank operates in 10 states with products such as traditional mortgages, as well as Federal Housing Administration and Department of Veterans Affairs loans. The lender has an A + rating with the Better Business Bureau.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Home Equity Loan
  • Minimum FICO Score: Not disclosed
  • Maximum debt-to-value ratio: Not disclosed
  • Maximum debt-to-income ratio: Not disclosed
  • Loan: till $ 3 million
  • Total Closing Cost: Not disclosed
  • JD Power Overall Satisfaction Rating: 3 out of 5

Best counter

  • Income and profession-based loan programs.

  • A down payment assistance program is available.

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Best for product selection

Guild Mortgage, established in 1960, specializes in home loans and serves lenders around the country. The complete lender of products includes traditional and government-backed mortgages and home equity loans.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
  • Minimum FICO Credit Score: 600
  • Maximum loan amount: Different
  • Better Business Bureau Rating: A +

Best counter

  • Receives strong customer service rating from Better Business Bureau

  • Offers a wide range of mortgage products

  • Offers exclusive mortgage programs for first time buyers and manufactured homebuyers

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Best for customer service

LoanDepot was founded in 2010 and has since funded over $ 70 billion in mortgages. It offers FHA, traditional and other mortgage options. Borrowers with a FICO credit score as low as 580 may qualify for a loan.

main characteristics:

  • Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
  • Minimum FICO Credit Score: 500 with conditions
  • Maximum debt-to-income ratio: 43% for FHA
  • Maximum combined debt-to-value ratio: 90%
  • JD Power Satisfaction Rating: Four out of five

Best counter

  • The LoanDepot mortgage has a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.

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Best for low down payment

PNC Bank is one of the largest US banks, serving more than 8 million customers in all 50 states. PNC offers most types of mortgages.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, First Time Homebuyer Program, Home Equity, Halo, Jumbo, Refinance, USDA and VA
  • Minimum FICO Credit Score: Unpublished
  • Maximum loan amount: $ 5 million
  • Better Business Bureau Rating: A +

Best counter

  • Offers many types of mortgages

  • Provides no or low-down mortgage

  • An online home ownership cost appliance supply

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Best for online service

Priming is a Dallas-based mortgage lender, with several mortgage loan options including traditional loans, jumbo loans, government-backed loans and refinance loans. The lender is a subsidiary of PlainsCapital Bank.

main characteristics:

  • Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
  • Minimum FICO Score: 600
  • Maximum debt-to-value ratio: Not disclosed
  • Maximum debt-to-income ratio: 43%
  • Total Closing Cost: 2% to 6% of the loan amount
  • Equity required: Not disclosed
  • JD Power Satisfaction Rating: Not rated

Best counter

  • Offers various types of mortgage loans.

  • Nationwide provides mortgage loans.

  • Helps with closing costs.

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Best for Product Availability

Quick Loan is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A + Better Business Bureau rating and received a rating of five (out of the best) in the 2018 US Primary Mortgage Organization Satisfaction Study.

Highlight:

  • Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
  • Minimum FICO Credit Score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • JD Power Satisfaction Rating: Five out of five

Best counter

  • The complete loan procedure is available online.

  • Wide variety of mortgage products.

  • Good customer service rating.

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Best for customer service

Headquartered in Atlanta, Suntrust Bank offers mortgage loans through branches in 12 states and the District of Columbia. Purchase loans are available to first-time and repeat buyers, refinance loans are available to existing home owners.

main characteristics:
Mortgage Type Offered: Conventional, FHA, VA, USDA, ARM, home equity loan, home equity line of credit, refinance (cash out), agency affordable financing, agency plus financing (high cost home financing), jumbo and doctor loan programs
• Minimum FICO Score: N / A
• Maximum DTI: 43%
• JD Power Satisfaction Rating: Three out of five

Best counter

  • FHA, USDA and VA loans are available.

  • Special conditions are offered for medical professionals.

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Best for va loan

Giants United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, DC, and specializes in VA loans. In 2019, Veterans United Home Loan generated the largest VA loan in the nation.

Before you apply

  • Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
  • Minimum FICO Credit Score: 660
  • Maximum loan amount: $ 1.5 million
  • Better Business Bureau Rating: A +

Best counter

  • No military service required

  • No minimum loan amount determined

View full profile

mortgage calculator

Is your dream home within reach? US News’ mortgage calculator will show you how much home you can buy.

Are there some Georgia homebuyer programs?

These programs can help Georgia homebuyers obtain favorable mortgages with payment and closing costs.

  • available to: Qualified low- and middle-income Georgian.
  • Income Range: Different from county.
  • Homebuyers for the first time only ?: Yes, with the exception of eligible homebuyers purchasing in a targeted area or who have not owned a home in the last three years.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • Payment and closing cost assistance: All qualified homebuyers may qualify for $ 5,000 or more in assistance. The down payment assistance is a 0% interest loan with no monthly payment. A second mortgage lien is placed on your property. This is when you sell, refinance or no longer occupy the home as your primary residence.

  • available to: Qualified Homebuyer.
  • Income Range: Different from county.
  • Homebuyers for the first time ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • profit: Up to $ 5,000 in down payment assistance.

  • available to: A public guard, teacher, health care provider or active-duty service member.
  • Income Range: Different from county.
  • First time homebuyers ?: No.
  • Loan Options: 30-Year Fixed Rate Mortgage.
  • profit: Up to $ 7,500 in down payment assistance.

  • available to: The buyer who has a family member is living with a disability.
  • Income Range: Different from county.
  • Homebuyers for the first time only ?: No.
  • profit: Up to $ 7,500 in down payment assistance.

Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising ideas can influence offers that appear on the site, but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.

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