Current Georgia Mortgage and Refinance Rates
Mortgage interest rates currently average 6.06% for 30-year fixed loans and 5.22% for 15-year fixed loans.
Refinance rates in Georgia
30-year FIXED
Current refinance rates are averaging:
6.48%
15-year FIXED
Current refinance rates are averaging:
6.06%
If you’re looking to refinance your mortgage in Pennsylvania, your options include:
- Rate-and-term refinances give you a chance to pay off your current home loan with a new mortgage. That new loan will usually come with a different interest rate or loan term that can save you money. Keep in mind that refinance rates in Georgia may be slightly higher than purchase mortgage rates.
- Cash-out refinances also replace your current home loan with a new mortgage, but they give you an opportunity to take out cash by using your home equity as collateral. They usually come with higher rates than regular refinances, since they involve borrowing an additional lump sum.
- Conventional refinances are defined by the fact that they aren’t a part of a government loan program. Conventional refinance rates are higher than government-backed refinances.
- FHA refinances are insured by the Federal Housing Administration (FHA), and are often the choice of first-time homebuyers because they’re easier to qualify for than conventional loans. FHA refinance rates are usually lower than conventional refinance rates. Going by current Georgia mortgage rates, an FHA loan may come with a rate that’s a full percentage point lower.
- VA refinances are backed by the U.S. Department of Veterans Affairs (VA) and, in most cases, carry very low interest rates. In Georgia, it’s not unreasonable to see a VA loan rate that’s more than a full percentage point lower than a conventional loan rate.
See whether refinancing makes sense for you using our mortgage refinance calculator.
What is the current mortgage rates forecast?
The mortgage rates forecast for 2025 is for rates to remain around 6.0% in early 2026. Homeowners shouldn’t expect any drastic changes in affordability because rates are one piece of the puzzle to more affordable home prices. The Federal Reserve cut rates three times in 2025, but average 30-year mortgage rates didn’t fall very much throughout the year, so the housing market slowed drastically in the second half of 2025.
How do I get the best mortgage rate for my Georgia home loan?
Some factors determining mortgage rates in Georgia are out of your control, but there are also many you can use to influence the rates you’re quoted. Here are a few steps you can take now to get the best mortgage rate:
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Boost your credit
Don’t underestimate the importance of your credit score — it’s huge. For most lenders, the association is simple: the higher your score, the better your rate. -
Lower your debt-to-income (DTI) ratio
Your DTI ratio gives lenders important information about how heavy your debt load is. If you can lower your DTI — by increasing your income or paying off some debts — you’ll usually get a lower rate. -
Buy a single-family, site-built home
The lowest interest rates go to those buying traditional, single-family housing. If you can avoid buying a manufactured home, a multifamily property, a vacation home or an investment property, you’ll get the best rates. -
Pay for mortgage points
Mortgage points give borrowers a chance to “buy down” their interest rate. One point costs 1% of your loan amount, and in return you can usually reduce your rate by up to 0.25 percentage points for every mortgage point you purchase. It may feel like yet another cost to manage when buying a house, but if you can afford to buy points you’ll save in interest over the long term. -
Compare offers from multiple lenders
It’s easy to overlook this step when buying a home, especially if you already have a lender in mind. But pausing to shop for the best rate before jumping into a contract can save you thousands of dollars, according to LendingTree data.
Read more about our picks for the best mortgage lenders.
If you’ve applied for a mortgage, you should receive a loan estimate that contains the terms the lender is willing to offer you. If you decide it’s an offer you want to move forward with, it’s time to ask about a mortgage rate lock. By “locking” in the interest rate, you prevent it from changing as you move through the loan process toward closing.
Georgia home loan programs
Georgia Dream
This program, designed for first-time homebuyers in Georgia, allows borrowers to finance up to $10,000 in down payment funds when buying a house. Plus, if you’re a person with a disability, a military service member or an employee in certain service professions, you can access even more — up to $12,500.
Who qualifies
Borrowers must:
- Have a minimum 640 credit score
- Have assets that don’t exceed $20,000 or 20% of the home’s sale price, whichever is higher
- Purchase a home within the program’s price limits, which range from $297,000 to $350,000 depending on your location
- Have a household income within the program’s limits, which vary by location
- Take a homebuyer education course
Who qualifies as a first-time homebuyer
- People who have never owned a home
- People who haven’t owned real estate in the last three years
What qualifies as a targeted area
- Qualifying counties, cities and townships are compiled in this list of Georgia targeted areas.
Which professions qualify you for more money
- Those working in education, health care or public protection can qualify.
More comfortable with Spanish? Get the program details en español.
Atlanta Housing DPA Homeownership Program
This program for first-time homebuyers purchasing in Atlanta offers a second mortgage of up to $25,000 that can be used to cover a down payment, closing costs, mortgage points or part of the principal balance of the first mortgage. You won’t have to make any monthly payments or pay any interest, and the loan is forgivable as long as you stay in the home for 10 years and don’t tap your home equity with another loan.
Who qualifies
Borrowers must:
- Be a first-time homebuyer who has lived in Georgia for at least six months
- Purchase a home in the city of Atlanta for no more than $375,000
- Meet the program income requirements, which cap household income at 80% of the area median income (AMI)
- Contribute at least $1,500 of their own money
- Take a homebuyer education class
Look up your area’s median income (AMI) using Freddie Mac’s Area Median Income Lookup Tool.
Homestretch Down Payment Assistance
If you have some dings on your credit, you’re in luck — this program only requires a 580 minimum credit score and still offers up to $10,000 toward your down payment. Even better, if more than one person will be on the mortgage, only one borrower has to meet that minimum requirement. That said, this program isn’t for everyone, since it’s only available to low- and middle-income borrowers purchasing in Gwinnett County.
Who qualifies
Borrowers must:
- Be a first-time homebuyer
- Earn within the program’s income limits, which are 80% of the area median income
- Have a minimum 580 credit score
- Have a maximum 43% DTI ratio
- Purchase a Gwinnett County home for no more than $323,000 (existing home) or $346,000 (new construction)
Learn about different types of GA mortgage loans
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Georgia conventional loans
Conventional loans are a common choice for first-time homebuyers, and many think of them as the industry standard. They come with minimum requirements set by Fannie Mae and Freddie Mac. -
Georgia FHA loans
FHA loan requirements give homebuyers a little more leeway than conventional loans do, especially when it comes to credit scores. It’s possible to qualify with a credit score as low as 500 if you make a 10% down payment. You can make a much smaller down payment, though — as little as 3.5% — if you have at least a 580 credit score. -
Georgia VA loans
VA loan requirements are the most accessible you’re likely to find — the only catch is that you can’t qualify unless you have an eligible military service record. -
Georgia streamline refinances
aren’t an option for everyone, but they can be a quick and easy option for borrowers refinancing from an FHA loan into another FHA loan, or from a VA loan into a new VA loan. FHA streamline refinance loans and VA interest rate reduction refinance loans (IRRRLs) give homeowners a way to refi with less hassle and red tape.