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Mortgage rates in Georgia

Mortgage rates in the Peach State generally dance around the national average.

In Georgia, 30-year fixed-rate mortgages average 4.732%, and will probably stay under 4% in the upcoming year.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
(NMLS #1121636)
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
No hidden fees, multiple loan terms, and member discounts available.
(NMLS #330511)
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
Online preapproval in minutes and no origination fees with this direct lender.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
Streamline your mortgage from quote to final payment — all from your computer or phone.
(NMLS #1136)
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
Connect with vetted home loan lenders quickly through this online marketplace.

Compare up to 4 providers

How much do Georgia rates vary?

Average mortgage rates in Georgia ranged between 4.615% and 4.833% for 30-year loans. Different characteristics, such as the loan program and loan term, can influence your interest rate.

2018 average rates in Georgia by loan type

Loan type15-year average rate30-year average rate
USDANot available4.714%

Based on data from

For example, a $175,000 mortgage with a 30-year term might have a monthly payment of $862, not including taxes, fees and other charges specific to your loan. On the other hand, the same mortgage with a 15-year term might have a monthly payment of $1,239.

Although the 15-year mortgage may have a higher monthly cost, it also may save $87,188 in interest payments over the course of the loan, compared to the 30-year mortgage.

Georgia mortgage rates will likely stay below 4% in 2020.

Mortgage rates in Georgia are generally right in line with the national average. As nationwide housing agencies are calling for 30-year US mortgage rates to average about 3.70% in 2020, Georgia will likely follow suit.

Compare mortgage rates throughout Georgia

Mortgage rates and home values vary slightly, depending on where the property is located. That means that homebuyers in one geographic area may have a higher — or lower — monthly payment than their neighbors.

We crunched numbers from the Home Mortgage Disclosure Act to give you a look at the average 30-year fixed-rate mortgage across metropolitan areas in Georgia. Rates and estimates may vary depending on taxes and other charges specific to your mortgage.

Metropolitan statistical area (MSA)Average mortgage rateMedian loan amountEstimated monthly cost
Athens-Clarke County4.763%$185,000$970
Atlanta-Sandy Springs-Alpharetta4.781%$215,000$1,130
Augusta MSA (Burke, Columbia, Lincoln, McDuffie and Richmond Counties, GA)4.537%$185,000$940
Chattanooga MSA (Catoosa, Dade and Walker Counties, GA)4.804%$145,000$760
Columbus MSA (Chattahoochee, Harris, Marion, Muscogee, Stewart and Talbot Counties, GA)4.735%$175,000$910
Macon-Bibb County4.795%$145,000$760
Warner Robins4.682%$165,000$850

Based on data from

How to get the best mortgage rate in Georgia

Here are a few things you can do to get the best rate possible on your next home loan.

  1. Consider types of loans. Lenders offer specific interest rates for certain loan programs. Find out what loan products and interest rates you qualify for.
  2. Compare interest rates. Mortgage rates also vary by lender. Get a few quotes from several lenders to find the most competitive rate.
  3. Examine the closing costs. These upfront fees due at closing can raise the cost of your home loan. Some lenders may charge a higher interest rate, but be careful of closing costs. Closing costs in Georgia are about 1.19% to 1.78% of the final purchase price. Weigh the closing costs against the interest rate to make sure you’re getting the best deal.

Historical mortgage interest rates in Georgia

Bottom line

Georgia mortgage rates usually closely resemble the national average. Since mortgage rates are expected to stay at current low levels, it might be a good time to consider a home loan. Compare mortgage programs and lenders to find the right loan for you.

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