Qualifying for a Georgia mortgage loan

The Southeast is a proud part of the country, featuring numerous lifestyles from country life, to the suburbs and the bustling life in the major city of Atlanta. Georgia, known as the Peach state, is a state that features it all with a variety of cultures. The choices of where to live with regards to location, price, and property type appear unlimited. From Atlanta to Savannah, and Valdosta to Columbus, there’s certainly a place for everyone to enjoy in Georgia.

According to Redfin, the median listing price for homes in Georgia is approximately $369,900. Furthermore, home values have been on the rise, a trend that is not likely to stop in the near future.

Based on data from the Governor's Office of Planning and Budget the state of Georgia had a net population gain of almost 114,000 residents between 2020 and 2021. By 2030 the department forecast the state to increase its population by another 1.1 million. One reason is the migration from west coast and northeastern states.

The current trend not only influences home values, but the down payment and loan terms for a home in Georgia. And in 2022, with the conforming loan limit raised to $647,200 in all counties, makes it easier to qualify for a home as the buyer pool increases in Georgia.

Considering a move to Georgia? Begin your loan application now, and you could have a pre-approval letter ready for nthe agent when you're viewing homes!

If you already own a home in the Peachtree state and want to keep more money for other things every month, we offer mortgage refinancing options too.

Georgia mortgage interest rates

It''s important to work with a mortgage lender who has numerous loan programs to get you the best optioh as opposed to a local bank with a limited selection and strict qualifying standards. You can rest ssured that 1st Nationwide Mortgage will advise you of your options, no matter if it's Conventional, FHA, VA, Jumbo, or a different loan program.

300 Colonial Center Parkway
STE 100N
Roswell, Georgia
30076