Georgia Mortgage Rates

September 27, 2016 08:06 AM Eastern

Refinance rates now in ATLANTA, GA [Change this]

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    Home Price (Purchase)
    When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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    Home Value (Refinance)
    This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
  • ?
    Down Payment
    The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
  • ?
    Credit Score
    Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.
  • Refresh Rates

30 Year Fixed

Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
Home Point Financial
30 Year Fixed
Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
(844) 462-8312 Contact
Home Point Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $857
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $857
Lender Fees $4,000
Lender Credit $950
Total Closing Fees* $3,050
*Other 3rd party fees may apply
Home Point Financial
Email Lender

About the Lender

Our cultural philosophy can be summed up in two words – We CareWe care about our customers. At Home Point, Customer First is our “true north.” Consideration for the customer is built into every action we take.We care about each other. The ultimate success of Home Point is dependent on our ability to support each other and deliver results together – as a team.We care about our industry. We are a provider of the single biggest transaction for consumers in their lives and an input to the second largest debt market in the world. We conduct ourselves accordingly. We care about our communities. We believe that our responsibilities extend beyond the workplace. Stronger communities result in a stronger Home Point Financial. We care about results. Our results are measured by the consistency with which we deliver on our mission. Without sustainable success, there is no culture to cultivate.
Home Point Financial
Email Lender Write a Review

Lender Reviews

Highly Recommend!

Yes, I recommend this lender

I spoke with John Irmen at High Point Financial and he was extremely helpful in reviewing all options for my refinance. He was sure to understand the goals of my refinance and make them a reality. I would recommend contacting John Irmen with all of your financial needs!

By: Brett (Denver, NC)

Very happy with the service.

Yes, I recommend this lender

Very fast and helpful. Always had answers to all my questions. Went beyond what I expected. Very happy with their service. Very, very pleased with Andi Coffin and her patience with me.

By: Terry (Powell, TN)

Great company!

Yes, I recommend this lender

I just closed a refinance loan with Home Point Financial. Everything was as expected and was very easy. I would definitely recommend them to my friends and family.

By: che (Fairfax, VA)
See All Reviews
Sebonic Financial
30 Year Fixed (FHA)
Interest Rate
2.875%
APR
3.746%
Monthly Payment
$978
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $203,500
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $845
Estimated Mortgage Insurance Payments $133
Total Monthly Mortgage Payment $978
Lender Fees $6,735
Lender Credit $0
Total Closing Fees* $6,735
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews

15 Year Fixed

Interest Rate
2.250%
APR
2.535%
Monthly Payment
$1,310
Home Point Financial
15 Year Fixed
Interest Rate
2.250%
APR
2.535%
Monthly Payment
$1,310
(844) 462-8312 Contact
Home Point Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,310
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,310
Lender Fees $4,000
Lender Credit $48
Total Closing Fees* $3,952
*Other 3rd party fees may apply
Home Point Financial
Email Lender

About the Lender

Our cultural philosophy can be summed up in two words – We CareWe care about our customers. At Home Point, Customer First is our “true north.” Consideration for the customer is built into every action we take.We care about each other. The ultimate success of Home Point is dependent on our ability to support each other and deliver results together – as a team.We care about our industry. We are a provider of the single biggest transaction for consumers in their lives and an input to the second largest debt market in the world. We conduct ourselves accordingly. We care about our communities. We believe that our responsibilities extend beyond the workplace. Stronger communities result in a stronger Home Point Financial. We care about results. Our results are measured by the consistency with which we deliver on our mission. Without sustainable success, there is no culture to cultivate.
Home Point Financial
Email Lender Write a Review

Lender Reviews

Highly Recommend!

Yes, I recommend this lender

I spoke with John Irmen at High Point Financial and he was extremely helpful in reviewing all options for my refinance. He was sure to understand the goals of my refinance and make them a reality. I would recommend contacting John Irmen with all of your financial needs!

By: Brett (Denver, NC)

Very happy with the service.

Yes, I recommend this lender

Very fast and helpful. Always had answers to all my questions. Went beyond what I expected. Very happy with their service. Very, very pleased with Andi Coffin and her patience with me.

By: Terry (Powell, TN)

Great company!

Yes, I recommend this lender

I just closed a refinance loan with Home Point Financial. Everything was as expected and was very easy. I would definitely recommend them to my friends and family.

By: che (Fairfax, VA)
See All Reviews
Sebonic Financial
15 Year Fixed
Interest Rate
2.375%
APR
2.643%
Monthly Payment
$1,322
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $3,747
Lender Credit $0
Total Closing Fees* $3,747
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews

5/1 ARM

Interest Rate
2.750%
APR
3.492%
Monthly Payment
$964
Sebonic Financial
5/1 ARM (FHA)
Interest Rate
2.750%
APR
3.492%
Monthly Payment
$964
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $203,500
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $831
Estimated Mortgage Insurance Payments $133
Total Monthly Mortgage Payment $964
Lender Fees $5,890
Lender Credit $0
Total Closing Fees* $5,890
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)

Great Rate, very flexible

Yes, I recommend this lender

I found Sebonic from an online mortgage comparison site. They were the lowest rate, so I gave them a call. Great rates, and very helpful people. I was able to change the terms of my loan just 1 week before closing... and I still closed on time. They require escrow for loans under 80% LTV. If you can hit that, it's a .125 point fee to discharge. Very reasonable. I wholeheartedly recommend Sebonic for anyone looking for a great rate.

By: Zachary (Houston, TX)

Great Experience

Yes, I recommend this lender

I had the best refinance experience ever with Sebonic Financial. John Ruskin is very patient and reliable. It would be even better if the customer is informed by the first handler of the loan before moving to next handler ( something like introducing the next handler by the first handler; not by introducing the next handler by herself/ himself). I would use Sebonic again when I need to get a loan or refinance in future.

By: Michael (Rancho Cucamonga, CA)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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Georgia Mortgage Rates and Home Loan Options
The Peach State hosted the Olympic Games in 1996 and has since gained worldwide acclaim as the home of southern hospitality. Georgia is a prime destination for those looking for a great combination of affordable housing, public services, and quick access to metropolitan areas like Atlanta, Augusta, and Savannah. In particular, Atlanta has grown to be the largest city in the state, while still offering residents a good mix of both urban and suburban locales.

Jumbo Loans and Mortgage Interest Rates in GA
Most Georgia lenders consider any loan above the FHA conforming loan limit of $417,000 a jumbo loan. Jumbo loans are typically harder to obtain than conventional conforming loans, because the higher loan amount requires a correspondingly higher loan payment. Jumbo loans require lenders to sustain a higher level of risk, so they put stringent qualification requirement in place. Nevertheless, many lenders in the state of Georgia offer jumbo loans at or slightly above market interest rates. Research current GA mortgage interest rates for jumbo loans before applying.

Predatory Lending and Georgia Mortgage Rates
Predatory lending practices have been a problem throughout the country in the past few years. Short term adjustable rate mortgages offered to borrowers who could barely afford the payments have forced many homeowners into default and foreclosure. As a result, Georgia has led the charge in combating predatory lending, providing potential homeowners with counseling and educational opportunities to help them recognize predatory lending companies and potentially disastrous mortgage rates. 

Down Payment Assistance for GA Mortgage Loans
Georgia's Dream Homeownership Program allows participants to obtain second mortgages that cover the first lender's required down payment and closing costs, up to certain limits for which the borrower may qualify.  Participants can include:

• home buyers
• home builders
• homeowners facing foreclosure

The American Dream Down Payment Initiative (ADDI) is another program offered at the county level that assists first time home buyers and families with incomes below 80 percent of the median income for their area. The funds can be used to pay part of the upfront costs and down payment requirements of the mortgage lender.  Funds can also be used for limited property rehabilitation.

Georgia Home Loan Options and Interest Rates for Seniors
The Georgia Department of Human Services and its Division of Aging Services assists senior citizens who own and occupy single-family homes or want to buy such property. Loans through its lending partners can provide funds to incorporate more accessible features for the elderly and handicapped, as well as help them find the best current GA mortgage interest rates.