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Best Mortgage Rates in Georgia — April 2026

Compare current Georgia mortgage rates across loan types. The average home price in Georgia is $350,000 with a property tax rate of 0.87%. Find the best rate for your Georgia home purchase or refinance.

Avg Home Price
$350,000
Property Tax Rate
0.87%
Median Income
$65,030
Population
11.0M

Current Georgia Mortgage Rates

Updated April 2026. Rates shown are averages — your rate depends on credit score, down payment, loan amount, and lender.

Loan TypeRateAPRMonthly P&I*
30-Year Fixed6.84%6.96%$1,834
20-Year Fixed6.61%6.71%$2,106
15-Year Fixed6.14%6.22%$2,385
10-Year Fixed5.94%6.01%$3,101
FHA 30-Year6.44%6.59%$1,759
VA 30-Year6.24%6.34%$1,723

*Monthly payment based on $280,000 loan (20% down on $350,000 avg home price). Does not include taxes or insurance.

Estimated Monthly Payment in Georgia

Full PITI breakdown for a $350,000 home with 20% down at 6.84%:

Principal & Interest$1,834
Property Taxes$254
Homeowners Insurance$102
Total Monthly (PITI)$2,189

Georgia First-Time Homebuyer Programs

Georgia Dream Homeownership

The Georgia Department of Community Affairs offers programs to help first-time buyers in Georgia achieve homeownership. Benefits typically include:

  • Below-market interest rates for qualifying borrowers
  • Down payment assistance (up to 3-5% of purchase price)
  • Closing cost assistance programs
  • Homebuyer education and counseling
  • Compatible with FHA, VA, USDA, and conventional loans

Income limits, purchase price limits, and credit score requirements apply. Contact the Georgia Department of Community Affairs directly for current program details.

Popular Cities for Homebuying in Georgia

🏠Atlanta
🏠Augusta
🏠Savannah
🏠Columbus
🏠Athens

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Georgia Mortgage FAQs

What are current mortgage rates in Georgia?+
As of April 2026, average mortgage rates in Georgia are approximately 6.84% for a 30-year fixed, 6.14% for a 15-year fixed, and 6.44% for an FHA 30-year loan. Rates vary based on your credit score, down payment, loan amount, and lender. Use our mortgage calculator to estimate your specific payment.
How much house can I afford in Georgia?+
With the average home price of $350,000 in Georgia and a median household income of $65,030, affordability depends on your debt-to-income ratio, down payment, and current rates. A general rule is your monthly payment (including taxes and insurance) should not exceed 28-33% of gross income. At current rates, a $350,000 home with 20% down would cost approximately $2,189/month.
What is the property tax rate in Georgia?+
The effective property tax rate in Georgia averages 0.87%. On the average home price of $350,000, that's approximately $3,045 per year or $254/month. Property taxes are a significant part of your monthly housing cost and vary by county.
Are there first-time homebuyer programs in Georgia?+
Yes! Georgia offers the Georgia Dream Homeownership through the Georgia Department of Community Affairs. This program typically provides below-market interest rates, down payment assistance, and closing cost help for qualifying first-time buyers. Income limits and property value caps apply. Contact the Georgia Department of Community Affairs for current program details and eligibility.
Should I get a 15-year or 30-year mortgage in Georgia?+
A 15-year mortgage in Georgia currently offers rates around 6.14% vs 6.84% for 30-year, saving you significantly on interest. On a $280,000 loan, the 30-year payment is $1,834/month while a 15-year is $2,385/month. Choose 15-year if you can afford the higher payment; choose 30-year for more cash flow flexibility.
What credit score do I need to buy a home in Georgia?+
In Georgia, conventional loans typically require a 620+ credit score, FHA loans require 580+ (or 500+ with 10% down), and VA loans have no official minimum but lenders usually want 620+. Higher credit scores get better rates — a score of 760+ qualifies for the best rates in Georgia, potentially saving thousands over the life of the loan. The Georgia Department of Community Affairs programs may have specific credit requirements.

Georgia Mortgage Tools

🏠Mortgage Calculator🔄Refinance Calculator🏡HELOC Calculator📖Mortgage Guide

Mortgage Rates in Neighboring States

Tennessee →North Carolina →South Carolina →Florida →Alabama →
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