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Georgia Mortgage and Refinance Rates

As of Saturday, January 28, 2023, current rates in Georgia are 6.44% for a 30-year fixed and 5.60% for a 15-year fixed.

Bankrate has offers for Georgia mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today.

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money.

Georgia mortgage overview

If you’re looking for a new home (or to refinance your current mortgage) in Georgia, be aware that housing affordability can vary greatly. Home prices tend to be higher in Atlanta and in counties with high median household incomes, like Forsyth.

In 2023, Georgia’s loan limit for conventional conforming mortgages is $726,200. FHA loan limits vary by county, from $472,030 to $592,250.

When considering homes to buy, know that sellers aren’t obligated to disclose any issues; however, the Georgia Association of Realtors has made it standard practice with their own disclosure forms. Still, sellers may not reveal everything.

Most lenders will require you to purchase homeowners insurance, even though Georgia law does not require you to have it. Georgia is also one of several states with a separate hurricane deductible, which is commonly higher than the standard deductible.

If you default on your mortgage in Georgia — a non-judicial foreclosure state — the lender can foreclose without filing suit or appearing in front of a judge, and only has to send a notice of intent to foreclose at least 30 days before the date of the proposed foreclosure sale.

Top 5 Bankrate mortgage lenders in Georgia

  • Fairway Independent Mortgage Corporation
  • Ally Bank
  • Sage Mortgage
  • First Mortgage Direct
  • Rocket Mortgage


Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation maintains a nationwide network of hundreds of branch locations.


  • More than 40 locations across Georgia
  • Mobile app offers easy application tracking and document uploading


  • Doesn’t advertise mortgage rates or list borrower requirements online

Read Bankrate's Fairway Independent Mortgage Corporation review.

Ally Bank

Ally Bank began provides several mortgage options, including conventional loans, jumbo loans and adjustable-rate loans in five- seven- or 10-year terms. Ally Bank also offers refinancing options, including rate-and-term and cash-out, but doesn't offer FHA loans, VA loans, USDA loans or home equity loan options.


  • Preapproval in as little as three minutes
  • Closings up to 10 days faster than industry average
  • Transparent interest rates


  • No FHA, VA or USDA loans
  • No home equity lines of credit (HELOCs) or home equity loans
  • No branch locations

Read Bankrate's Ally Bank mortgage review.

Sage Mortgage

Sage Mortgage is an online mortgage company that both underwrites loans and works with multiple wholesale lenders. Along with assisting you with finding a loan, the company can help you secure a preapproval in one to two days, and the typical closing takes 27 days.


  • Works with multiple wholesalers to offer competitive rates and fast cycle times
  • Borrowers can complete a quick and easy application online
  • Dedicated loan officer works with borrowers throughout the entire process


  • Doesn’t offer VA loans
  • Doesn’t offer home equity loans or home equity lines of credit (HELOCs)

Read Bankrate's Sage Mortgage review.

First Mortgage Direct

First Mortgage Direct is the online lending division of First Mortgage Solutions, a brick-and-mortar lender based in Kansas City, Missouri. Typically, qualified borrowers can obtain a preapproval within 48 hours, and purchase loans generally close within 30 days (refinances within 60).


  • Borrowers assigned readily available loan officer to work with via phone or email
  • No origination or hidden fees


  • Not available in every state
  • Limited call center hours for general inquiries

Read Bankrate's First Mortgage Direct review.

Rocket Mortgage

Rocket Mortgage is a leading online mortgage lender in the U.S. The lender offers a broad selection of purchase and refinance options, including a flexible-term product called “YOURgage,” which allows borrowers to set the terms of their loan from eight to 29 years, and cash-out refinancing.


  • Low down payment requirement (as little as 3 percent down)
  • Customer service regarding new loans available seven days a week via phone or chat


  • No brick-and-mortar locations
  • Doesn't offer USDA loans, home equity lines of credit (HELOCs) or home equity loans
  • Limited information about lender fees available online

Read Bankrate's Rocket Mortgage review.

First-time homebuyer programs in Georgia

The Georgia Department of Community Affairs (DCA) offers loans for first-time homebuyers through the “Georgia Dream” program, as well as down payment assistance including:

  • Georgia Dream Standard Down Payment Assistance, offering eligible borrowers a zero-interest loan up to $7,500
  • Georgia Dream PEN Down Payment Assistance, offering eligible borrowers a zero-interest loan up to $10,000; PEN stands for “Protectors, Educations & Nurses,” so part of the eligibility criteria is employment in protection (police, highway patrol, correctional, fire and EMS), active military, education or healthcare fields
  • Georgia Dream Choice Down Payment Assistance, offering eligible borrowers a zero-interest loan up to $10,000; your household must include an individual living with a disability in order to qualify for this option

With all Georgia Dream Down Payment Assistance programs, repayment is deferred until you sell, refinance or no longer use the home as a primary residence. Borrowers must contribute at least $1,000 to the purchase of the home, in addition to meeting other requirements, depending on the program.

Georgia Dream loans are available through participating lenders. First-time homebuyers or buyers who have not owned a home in the last three years may be approved for an FHA, USDA, VA or conventional loan for their home.

To be eligible for a Georgia Dream loan, borrowers must have a credit score of at least 640, with liquid assets totaling less than $20,000 or 20 percent of the home’s price, whichever is greater. Qualifying income and purchase price limits vary by county.

Georgia mortgage refinancing

There aren’t any regulations or requirements specific to Georgia to look out for when you’re applying to refinance your home. As with any new loan, be sure to shop around for the lowest possible rate and fees.

Use Bankrate’s mortgage refinance calculator to see how much you can save by lowering your rate.

Georgia mortgage resources