Refinancing in Georgia can help homeowners lower monthly payments, shorten their loan term, or access equity with a cash-out refinance. Below are current refinance rates for Georgia, along with comparisons by loan type and lender category.
Current Refinance Rates in Georgia –
Find community reported rates by Georgian homeowners (rates are average APR).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.54% | 6.59% | 6.64% | |
| Georgia | 6.51% | 6.57% | 6.62% | |
| Credit Unions | 6.11% | 6.17% | 6.32% | 8.6/10 |
| Online lenders | 6.21% | 6.27% | 6.42% | 8.4/10 |
| Banks | 6.51% | 6.57% | 6.62% | 7.4/10 |
| 30 year fixed | 6.51% | 6.57% | 6.62% | |
| 30 year fixed FHA | 6.25% | 6.30% | 6.35% | |
| 30 year fixed VA | 5.99% | 6.04% | 6.09% | |
| 30 year fixed Jumbo | 6.63% | 6.87% | 7.05% | |
| 20 year fixed | 6.12% | 6.17% | 6.22% | |
| 15 year fixed | 5.96% | 6.00% | 6.05% | |
| 10 year fixed | 5.50% | 5.55% | 5.60% | |
| 3 year ARM | 7.61% | 7.66% | 7.71% | |
| 5 year ARM | 6.61% | 6.66% | 6.71% | |
| 7 year ARM | 6.54% | 6.59% | 6.64% | |
| 10 year ARM | 6.39% | 6.44% | 6.49% | |
| Satisfaction | 8.7/10 | 8.3/10 | 7.3/10 |
Source: MFP’s Community Home Refinance Rates Survey of Georgia homeowners members in the last 30 days.
Cash Out Refinance Rates in Georgia –
Find community reported cash-out refinance rates by Georgia homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 6.66% | 6.79% | 6.91% |
| Georgia | 6.64% | 6.77% | 6.89% |
| Credit Unions | 6.24% | 6.37% | 6.59% |
| Online lenders | 6.34% | 6.47% | 6.69% |
| Banks | 6.64% | 6.77% | 6.89% |
| 30 year fixed | 6.64% | 6.77% | 6.89% |
| 30 year fixed FHA | 6.38% | 6.50% | 6.63% |
| 30 year fixed VA | 6.12% | 6.24% | 6.37% |
| 30 year fixed Jumbo | 6.75% | 6.88% | 7.00% |
| 20 year fixed | 6.25% | 6.37% | 6.50% |
| 15 year fixed | 6.08% | 6.21% | 6.33% |
| 10 year fixed | 5.63% | 5.75% | 5.88% |
| 3 year ARM | 7.74% | 7.86% | 7.99% |
| 5 year ARM | 6.74% | 6.86% | 6.99% |
| 7 year ARM | 6.67% | 6.79% | 6.92% |
| 10 year ARM | 6.51% | 6.64% | 6.77% |
Source: MFP’s Community Home Refinance Rates Survey of Georgia members in the last 30 days.
How Georgia Compares to National Averages
- Georgia refinance rates (6.51% for best credit scores) are in line with national averages (national average: 6.54%).
- Credit unions are more competitive: In Georgia, credit unions offer 6.36%, banks 6.61%, online lenders 6.46%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Georgia
- 30-year Fixed: At 6.51% APR for excellent credit, Georgia's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.25% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 5.99% APR for excellent credit, exclusive to eligible veterans and military members, featuring Georgia's most competitive rates
- 30-year Fixed Jumbo: At 6.63% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 6.12% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 5.96% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 5.50% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (7.61% APR), 5-year (6.61% APR), 7-year (6.54% APR), and 10-year (6.39% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Atlanta | 6.55% | 5.76% |
| Columbus | 6.54% | 5.77% |
| Augusta | 6.53% | 5.76% |
| Macon | 6.52% | 5.76% |
| Savannah | 6.53% | 5.75% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings
Compare Lenders Rated by Georgia Homeowners
Georgia homeowners rely on trusted lenders for their refinance needs. Below, you can see the top-rated lenders in the state and compare their offerings.
- Credit unions often have lower rates and high satisfaction scores.
- Online lenders provide fast applications with competitive terms.
- Traditional banks remain popular for homeowners seeking established relationships.
See the Best Mortgage Refinance Lenders in Georgia
FAQs – Georgia Refinance Rates
What is the current average refinance rate in Georgia?
As of the latest data, Georgia’s average 30-year fixed refinance rate for best credit scores (720–850) is 6.53%, which is very close to the national average of 6.60%. Rates vary by credit score, lender type, and loan program.
Which refinance option is best for Georgia homeowners?
- 30-year fixed refinance: Popular for steady long-term payments.
- 15-year fixed refinance: Offers lower rates but higher monthly payments.
- Adjustable-rate mortgages (ARMs): Options like 5/1 or 7/1 ARMs start lower but may adjust upward.
- FHA and VA refinance programs: Government-backed programs available with competitive terms.
How do I choose the right lender in Georgia?
Georgia homeowners rate lenders on ease of application, client support, rates & terms, and recommendation scores. Check our Best Mortgage Lenders in Georgia page to compare top-rated lenders and find one that fits your needs.
More Info for Georgia Homeowners:
Georgia Best Refinance Lenders from Community recommendations
Georgia Home Equity Loan & Georgia HELOC Rates
Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.
Georgia Best Home Insurance from Community recommendations & Costs
More Resources for Georgia Homeowners.