Georgia Mortgage and Refinance Rates
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Current mortgage rates in Georgia
As of Monday, September 15, 2025, current mortgage interest rates in Georgia are 6.21% for a 30-year fixed mortgage and 5.44% for a 15-year fixed mortgage.
Although mortgage rates dipped to a multi-year low in 2024, they've since climbed back up to be more in line with national averages, potentially compounding affordability issues for homebuyers in Georgia. Year-over-year home sales in the state were down more than 12 percent as of May 2025, according to ATTOM, while median home prices declined 0.6 percent in the same time frame.
Refinance rates in Georgia
Refinance rates in Georgia are higher than they were just a few years ago, eliminating the savings opportunity for many homeowners. Still, you might have more equity now thanks to higher home values, which could mean cashing out is an option for you.
National mortgage rates by loan type
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.32% | 6.39% |
| 15-Year Fixed Rate | 5.53% | 5.63% |
| 30-Year Fixed Rate FHA | 6.36% | 6.42% |
| 30-Year Fixed Rate VA | 6.42% | 6.47% |
| 30-Year Fixed Rate Jumbo | 6.42% | 6.47% |
Rates as of Monday, September 15, 2025 at 6:30 AM
Georgia mortgage rate housing market statistics and trends
Georgia’s housing market has experienced appreciation, in part thanks to strong population growth. Here are some statistics about mortgages and the housing market in the Peach State:
- Median home sales price, June 2025: $375,000
- Median down payment, May 2025: $45,116
- One-year change in median sales price on all properties: 1.4% YoY
- Median days on market, June 2025: 50
Sources: ATTOM, Georgia Realtors
Mortgage options in Georgia
If you’re looking to get a mortgage in Georgia, there are several options:
- Georgia conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45 percent. If you make a down payment below 20 percent, you’ll need to pay private mortgage insurance (PMI), as well. This is the most popular mortgage option in the country. In 2023, 73 percent of single-family home buyers chose a conventional mortgage, according to the U.S. Census Bureau.
- Georgia FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5 percent, you could qualify for this type of loan with a credit score as low as 580.
- Georgia VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25 percent to 2.15 percent for the first use.
- Georgia USDA loans: If you’re buying a rural property in Georgia, you might be eligible for a mortgage guaranteed by the U.S. Department of Agriculture (USDA). These loans don’t require a down payment, but you’ll need to purchase in a designated rural area and meet the area’s income limits.
First-time homebuyer programs in Georgia
The Georgia Department of Community Affairs (DCA) helps connect first-time homebuyers with more affordable loans, as well as down payment assistance, through the Georgia Dream program.
- Georgia Dream mortgages: Available through participating lenders, these mortgages require you to meet a minimum credit score threshold and for your income to fall within certain limits. There are also purchase price limits. You can get a conventional, FHA, VA or USDA loan through this program, provided you qualify.
- Georgia Dream Standard Down Payment Assistance: This program offers eligible borrowers a zero-interest loan of up to $10,000.
- Georgia Dream Protectors, Educators & Nurses (PEN) Down Payment Assistance: This program offers a zero-interest loan for 6 percent of the purchase price — up to $12,500. Those employed in protection (police, highway patrol, correctional, fire and EMS), active military, education or healthcare fields can qualify.
- Georgia Dream CHOICE Down Payment Assistance: This program offers a zero-interest loan of up to $12,500 to borrowers who are housing an individual with a disability.
How to find the best mortgage rate in Georgia for you
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Step 1: Strengthen your credit score
Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
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Step 2: Determine your budget
To find the right mortgage, you’ll need a good handle on how much house you can afford.
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Step 3: Know your mortgage options
There are a few different types of mortgages.
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Step 4: Compare rates and terms from several lenders
Rate-shop with at least three different banks, credit unions or mortgage companies or all three to get the best deal.
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Step 5: Get preapproved for a mortgage
Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.
Additional Georgia mortgage resources
- Georgia loan limits by county: Learn the conforming loan limit for your city or town in Georgia.
- Georgia mortgage lenders: Explore mortgage lenders in the state.
- Homeowners insurance in Georgia: Compare policies from a variety of providers.
- Mortgages
- Mortgage refinancing
Mortgage rates in other states
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