Georgia Mortgage Rates
Searching for the best mortgage rates in Georgia? Below are today's purchase and refinance mortgage rates on our conventional, FHA and VA loan programs in Atlanta, Savannah, Augusts, Athens and beyond. Rates are updated daily. For rates on our other loan programs such as investment property loan rates, renovation loan rates, reverse mortgage rates, DSCR loan rates or Non QM loan rates, please reach out to us for a personalized quote.
Current Mortgage and Refinance Rates in Georgia
| Loan Program | Rate | APR | Fees | Action |
|---|---|---|---|---|
| 30 Year Fixed Conv | 6.125% | 6.243% | $995 | Apply Now |
| 20 Year Fixed Conv | 5.875% | 6.028% | $995 | Apply Now |
| 15 Year Fixed Conv | 5.250% | 5.441% | $995 | Apply Now |
| 30 Year Fixed FHA | 5.750% | 6.575% | $995 | Apply Now |
| 30 Year Fixed VA | 5.625% | 5.933% | $995 | Apply Now |
| 5/1 ARM Conv | 5.750% | 6.243% | $995 | Apply Now |
Rates last updated: June 10, 2026
Rates published by Alpine Mortgage Services (NMLS 56905). Mortgage rates in Georgia vary based on loan type, credit score and down payment. The rates shown above are available to qualified borrowers in Georgia for conventional, FHA and VA loan programs. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.
The conventional rates shown are based on a loan amount of $525,000 and a loan-to-value of 75%. The FHA rates shown are based on a loan amount of $675,500 and a loan-to-value of 96.5%. The VA rates shown are based on a loan amount of $700,000 and a loan-to-value of 100%. GA Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or rate and term refinance of a single family primary residence with a 740 or higher FICO score.
Georgia Best Rate Guarantee
Tired of comparing the fine print to see what's the difference between the quotes from various lenders? At Alpine Mortgage we help you get the best deal on your mortgage which is why we offer our Best Rate Guarantee. We find the best rate and fees for you based on your goals and find the best pricing through our many loan programs.
You are welcome to shop all other local lenders for a better deal. If you can find one, provide us with that lender's signed and dated lock-in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our priority. With our Best Rate Guarantee, you can shop for your mortgage with confidence knowing that you are getting the best possible interest rate for your mortgage.
Terms and conditions: Our Best Rate Guarantee applies to our fixed rate Conventional Conforming, FHA and VA loan programs only and does not apply to any other loan programs or offers from credit unions. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.
Real Georgia Borrowers. Real Results.
Two recent Georgia closings where Alpine Mortgage delivered competitive rates and closed on time:
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What Our Georgia Borrowers Say
"Buying our first home in Atlanta felt overwhelming until we found Alpine Mortgage. They walked us through every step and got us an excellent rate. Truly outstanding service!"
"We had a fantastic experience using Alpine to purchase an investment property. Steve was extremely responsive about communicating throughout the whole process."
Why Choose Alpine Mortgage?
- Best Rate Guarantee – We Beat Competitor Rates
- Fast, Simple Pre-Approval Process
- Licensed Georgia Mortgage Specialists
- $995 Flat Lender Fee – No Hidden Costs
- Conventional, FHA, VA and DSCR Loans Available
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Georgia Mortgage Programs
Georgia Conventional Loans. Conventional loans baseline 2026 conforming loan limit is $832,750 for one unit properties in all Georgia counties. You can view the current Georgia Conventional Loan Limits for all counties in Georgia. Conventional loans can be used for a primary residence, vacation home or an investment property and the maximum loan amounts vary by county.
Georgia FHA Loans. FHA loan minimum down payment of of 3.5% with a credit score of 580 and can go down to 500 with a larger down payment of at least 10%. FHA loans are available only on a primary residence and the maximum loan amount varies by county. You can view the current Georgia FHA Loan Limits for all counties in Georgia.
Georgia VA Loans. Backed by the Department of Veteran Affairs, VA loans offer veterans and their families with home loans with no down payment required. VA loans do not have any mortgage insurance but may have a funding fee that is collected at closing. VA loans are only available on a primary residence.
Georgia Non QM Loans. For borrowers that can't qualify for a conventional, FHA or VA loan because of credit issues or income documentation requirements, we offer several different Non QM loan products. For investment properties, we offer our DSCR loan program where qualification is based on the cash flow of the investment property. Our Non QM provides flexibility in lending standards for individuals with unique financial circumstances or credit issues such as a recent bankruptcy or foreclosure. These loans can be used to finance a primary residence, vacation property or an investment property.
Georgia Reverse Mortgage Loans. For homeowners that are 62 years or older, a reverse mortgage allows you to access the equity in your home by either receiving a lump sum, fixed monthly payments or a line of credit. Reverse mortgages are only available on a primary residence.
| Loan Type | Min. Credit Score | Min. Down Payment |
|---|---|---|
| Conventional | 620 | 3.0% |
| FHA | 580 | 3.5% |
| FHA Low Score | 500 | 10% |
| VA | 620 | None |
| Non-QM | 500 | 20% |
How to Get the Best Georgia Mortgage Rates
As a homebuyer in Georgia one of the most important factors in the overall cost of homeownership is your mortgage rate. Even a small reduction in the interest rate on your mortgage can save you thousands of dollars over the life of the loan. Here are some tips to help you secure the best mortgage rates in Georgia:
Strengthen Your Credit Score
Your credit score is one of the most important factors lenders consider. Borrowers with excellent credit (720–850) typically qualify for the best mortgage rates. Pay your bills on time, reduce your debt and avoid opening new credit accounts before applying.
Shop Around with a Mortgage Broker
Mortgage rates can vary widely between lenders. A Georgia mortgage broker like Alpine can shop multiple wholesale lenders to find the best rates and fees saving you the time of applying separately at each lender.
Consider a Shorter Term
While 30 year mortgages are most common in Georgia, selecting a shorter loan term like a 15 year mortgage can secure a lower interest rate. Your monthly payments will be higher but you'll pay less interest over the life of the loan and build equity faster.
Make a Larger Down Payment
A larger down payment can help get a better rate. While you can purchase a home with as little as 3.5% down, putting at least 20% down avoids private mortgage insurance (PMI) and qualifies you for better pricing.
Lock In Your Rate
Mortgage rates can change daily. Once you find a favorable rate, lock it in to protect against potential increases. A rate lock guarantees your interest rate for a specific period (usually 30–60 days) while your loan is processed.
Understand the GA Market
Georgia's real estate market is highly diverse from metro Atlanta to the coast and the mountains. Staying informed about market trends and conditions in your specific area gives you a competitive edge when negotiating.
Account for High-Cost County Limits
FHA loan limits in Georgia range from $541,287 in standard counties up to $718,750 in high cost counties including Cobb, Fulton, Henry, Jasper, Newton, and Pike. This can mean FHA financing is available even for higher priced metro Atlanta homes.
Explore Georgia Dream Programs
First-time Georgia homebuyers may qualify for the Georgia Dream Homeownership Program, including the Standard, PEN (Protectors, Educators, Nurses) and CHOICE programs for down payment and closing cost assistance.
Getting the best mortgage rate in Georgia requires research and preparation. By improving your financial standing, comparing rates, and exploring available programs, you can secure the best rate possible on your Georgia home loan. For personalized guidance contact one of our Georgia mortgage specialists today.
Georgia Housing Market Snapshot
Data as of Q1 2026
| Metro Area | Median Home Price | YoY Change | Days on Market | Inventory |
|---|---|---|---|---|
| Atlanta Metro | $378,000 - $415,000 | -0.5% to flat | 55-98 days | 3.5-4 months |
| Savannah | $350,000 - $380,000 | +1% to +2% | 60-70 days | 3-4 months |
| Augusta | $250,000 - $280,000 | +2% to +3% | 50-60 days | 3-4 months |
| Columbus | $220,000 - $260,000 | +1% to +2% | 45-55 days | 3-4 months |
| Macon | $180,000 - $220,000 | +2% to +4% | 40-50 days | 3-4 months |
| Georgia Statewide | ~$357,000 median | +2% | 57 days avg | ~4 months |
Sources: Georgia MLS, Redfin, Zillow, Atlanta REALTORS® Association
2026 Market Conditions
Shifting Toward Balance: After years of seller's market conditions, Georgia's housing market is moving toward equilibrium. Inventory has increased 34-44% year-over-year in many markets giving buyers more options and negotiating leverage.
Price Stabilization: Home prices have stabilized with modest gains statewide (+2%) but some softening in Atlanta (-0.5% to flat). This is a healthy correction from the appreciation of 2021-2022.
Longer Days on Market: Homes are taking longer to sell averaging 57 days statewide, up 46% from the previous year. This gives buyers more time to make decisions and negotiate terms.
Buyer Opportunities: With inventory approaching 4 months of supply (6 months is considered balanced), well prepared buyers have more leverage than at any point since 2019. Price reductions are more common and multiple offer situations are less frequent.
2026 Outlook
Experts anticipate Georgia's housing market will continue stabilizing in 2026:
- Home prices expected to rise modestly (2-4%) or remain flat
- Inventory likely to continue increasing expanding buyer options
- Mortgage rates expected to hover in the low-6% range with potential for modest declines
- No crash anticipated with strong employment and population growth
- Atlanta rental market remains strong with continued growth
For current rate projections, see our Mortgage Rate Forecast.
What Makes Georgia Mortgage Rates Unique
- First-Time Buyers: Georgia has a high percentage of first-time homebuyers.
- FHA & VA Usage: Government-backed loans are widely used throughout the state.
- Property Taxes: Generally lower than many northeastern states.
Regional Impact of Mortgage Rate Changes
Mortgage rate changes do not affect every part of Georgia equally. The impact often depends on home prices, buyer profiles and local economic conditions rather than geography alone.
Savannah and Coastal Markets
Coastal cities such as Savannah tend to be more sensitive to rate changes because home prices have risen faster than incomes in recent years. Even small rate increases can significantly impact monthly payments for buyers in these areas.
Smaller Metropolitan Areas
Mid-sized and smaller metro areas may feel rate increases more quickly when buyers rely on higher loan-to-value financing. These markets often see demand fluctuate as borrowing costs change.
Atlanta Metropolitan Area
The Atlanta metro area generally shows more resilience due to higher incomes and job diversity but elevated mortgage rates can still slow buyer activity and price growth when affordability thresholds are reached.
Rural and Southern Georgia
In rural parts of Georgia affordability can be influenced by loan availability, credit standards and access to specialized programs such as USDA loans. Rate changes may have a different impact depending on financing options available to buyers.
Georgia Property Taxes & Homestead Exemptions
Georgia's property taxes are generally lower than the national average. The statewide median property tax payment is $2,554 per year compared to the national median of $3,211. The statewide effective property tax rate is approximately 0.74%.
Property Tax Rates by County
| County | Median Home Value | Median Annual Tax | Effective Tax Rate |
|---|---|---|---|
| Fulton (Atlanta) | $503,000 | $4,310 | 0.86% |
| Gwinnett | $424,400 | $3,910 | 0.92% |
| DeKalb | $375,400 | $3,586 | 0.96% |
| Cobb | $454,400 | $3,077 | 0.68% |
| Chatham (Savannah) | $353,500 | $2,865 | 0.81% |
| Cherokee | $482,600 | $3,297 | 0.68% |
| Forsyth | $642,700 | $4,384 | 0.68% |
| Henry | $347,800 | $3,177 | 0.91% |
| Richmond (Augusta) | $202,700 | $1,608 | 0.79% |
| Muscogee (Columbus) | $219,700 | $1,639 | 0.75% |
| Glynn (Brunswick) | $331,900 | $1,481 | 0.45% |
| Georgia Statewide | — | $2,554 | 0.74% |
| National Median | — | $3,211 | ~1.1% |
Source: SmartAsset Georgia Property Tax Calculator, 2025. Effective tax rate = median tax payment ÷ median home value. Data reflects median property tax payments and effective rates based on assessed home values. Actual rates vary by specific location, school district and applicable exemptions.
Georgia Homestead Exemption
Georgia offers valuable homestead exemptions that reduce the taxable value of your primary residence:
- Standard Exemption: $2,000 off the assessed value for state and county taxes
- School Tax Exemption: Varies by county, many offer $10,000-$20,000+ exemptions
- Senior Exemptions (65+): Additional exemptions available, some eliminating school taxes entirely
- Disabled Veteran Exemption: Up to $108,000 for qualifying veterans
You must apply for homestead exemption with your county tax assessor by April 1 of the tax year. This is not automatic. Many new homeowners miss this valuable benefit.
Impact on Your Mortgage Payment
Property taxes are typically escrowed into your monthly mortgage payment. For a $350,000 home in metro Atlanta expect property taxes to add approximately $275-$350 per month to your payment. Rural areas may add only $175-$225 per month.
Georgia Refinance Rates
Georgia refinance rates determine whether homeowners can lower monthly payments, change loan terms, or access home equity. Refinance rates often differ from purchase rates and vary based on loan type, credit profile, and market conditions. Homeowners in Georgia typically consider refinancing to reduce their interest rate, switch from an adjustable to a fixed-rate loan, shorten or extend loan terms or tap into accumulated home equity.
Strategies for GA Homeowners Considering Refinancing
For homeowners contemplating refinancing, here are some strategies for Georgia homeowners to consider when evaluating refinance rates:
- Assess your financial situation: Ensure that refinancing aligns with your current financial goals and circumstances.
- Examine all costs: Look beyond the advertised interest rates and consider all associated fees to understand the total cost of refinancing.
- Plan for the future: Consider how long you plan to stay in your home since this can influence the cost effectiveness of refinancing.
- Monitor economic indicators: Stay informed about economic trends that could indicate shifts in interest rates, helping you choose the best time to refinance.
- Rate locks: Consider locking in a rate during periods of favorable rates to maximize potential savings.
Refinancing can help in many ways like lowering monthly payments, changing loan terms or getting equity from your property. Increasing Georgia refinance rates and mortgage interest rates are a challenge for homeowners. If you're thinking about refinancing, consider how the higher rates balance with gaining from your home's equity. Careful thinking and clear calculations are important when deciding to refinance today.
Cash Out Refinance in Georgia
Georgia's high home values and competitive mortgage market make cash out refinances a popular option for homeowners.
- Substantial Home Equity: With some of the highest home prices in the nation, many Georgia homeowners have built up significant equity in their properties. This equity can be leveraged through a cash out refinance to access funds for various financial goals.
- Competitive Lending Environment: Georgia's mortgage market is highly competitive with numerous lenders offering cash out refinance options. This competition can lead to favorable terms and interest rates for borrowers.
- Potential Tax Benefits: Georgia homeowners may be able to deduct the interest paid on their cash out refinance providing a potential tax benefit. However, it's essential to consult with a tax professional to determine eligibility.
- Diverse Housing Market: Georgia's housing market is diverse with a mix of single-family homes, condominiums and multi-unit properties. Experienced lenders can help navigate the cash out refinance process for these various property types.
When considering a cash out refinance in Georgia, it's important to work with a refinance lender that can help guide you through the process and ensure that you're making the best decision for your financial future.
Steven Parangi, Licensed Mortgage Loan Originator (NMLS #76024)
View credentials →GA Mortgage Rates FAQs
Mortgage rates in Georgia can change daily and sometimes multiple times per day. Rates are driven by national financial markets, including U.S. Treasury yields and Federal Reserve policy, as well as lender-specific pricing adjustments. Market volatility can cause rate changes even within the same day.
The rates displayed reflect current market pricing for conventional, FHA, and VA loan programs in Georgia. Actual mortgage rates may vary based on credit score, down payment, loan amount, property type, occupancy, and location within the state. A personalized rate quote is required for exact pricing.
The process typically starts with getting preapproved before looking at properties. Once a property is selected, a formal mortgage application is submitted. The lender will then conduct an appraisal and then close the loan.
Yes. Georgia offers a combination of affordable home prices and flexible loan programs making it attractive for first time buyers.
GA Mortgage Rates Resources
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