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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.956%APR 6.997% | 0 pts$0 | $2,328/moP&I $2,328 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.086%APR 6.861% | 0 pts$0 | $2,328/moP&I $2,164 · MI $164 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.107%APR 6.167% | 0 pts$0 | $2,132/moP&I $2,132 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.252%APR 7.333% | 0 pts$0 | $2,398/moP&I $2,398 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.705% | 0 pts$0 | $2,488/moP&I $2,488 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.107% | 6.167% | 0 pts ($0) | $2,987/mo | $60,329 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.317% | 6.396% | 0 pts ($0) | $3,783/mo | $86,655 |
Condo 10% Down | 10% | 720 credit score | 7.292% | 7.469% | 0 pts ($0) | $2,709/mo | $95,336 |
Conventional 10% Down | 10% | 720 credit score | 6.866% | 7.031% | 0 pts ($0) | $2,595/mo | $90,256 |
Conventional 20% Down | 20% | 740 credit score | 6.956% | 6.997% | 0 pts ($0) | $2,328/mo | $72,218 |
Conventional 5% Down | 5% | 700 credit score | 7.264% | 7.756% | 0 pts ($0) | $2,851/mo | $100,279 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.400% | 7.444% | 0 pts ($0) | $3,042/mo | $104,724 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,600/mo | $88,098 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.861% | 7.243% | 0 pts ($0) | $2,796/mo | $101,048 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.252% | 7.333% | 0 pts ($0) | $2,998/mo | $102,762 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,626/mo | $86,447 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.086% | 6.861% | 0 pts ($0) | $2,611/mo | $91,878 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,662/mo | $93,195 |
FHA Streamline Refi | 0% | 640 credit score | 6.280% | 7.059% | 0 pts ($0) | $2,761/mo | $97,818 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.224% | 7.478% | 0 pts ($0) | $2,840/mo | $103,533 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,749/mo | $53,820 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.705% | 0 pts ($0) | $2,332/mo | $74,355 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,368/mo | $74,009 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,555/mo | $78,338 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.448% | 7.229% | 0 pts ($0) | $2,712/mo | $96,575 |
Second Home 10% Down | 10% | 720 credit score | 6.090% | 6.671% | 0 pts ($0) | $2,394/mo | $81,020 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,311/mo | $71,455 |
VA 0% Down | 0% | 700 credit score | 6.106% | 6.355% | 0 pts ($0) | $2,722/mo | $90,176 |
VA Cash-Out Refi | 0% | 640 credit score | 6.111% | 6.486% | 0 pts ($0) | $2,723/mo | $90,243 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.118% | 6.275% | 0 pts ($0) | $2,725/mo | $90,338 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,418/mo | $76,490 |
Frequently Asked Questions
What are today's mortgage rates in 31202, Macon-Bibb County, GA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 31202, Macon-Bibb County, GA is 6.956% (with an estimated monthly payment of $1,301). Active program rates also include FHA 30-year fixed loans at 6.086% and VA 0%-down fixed loans at 6.106%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 31202, Macon-Bibb County, GA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 31202, Macon-Bibb County, GA have fluctuated between a low of 6.613% and a high of 7.069%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 31202, Macon-Bibb County, GA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $439,384 in 31202, Macon-Bibb County, GA, a standard 20%-down Conventional loan requires an upfront cash down payment of $87,877 but keeps your monthly payment lower at $1,301/mo (at 6.956% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,378 (3.5% down) but has an estimated payment of $1,458/mo (at 6.086% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $424,006 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 31202 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 31202 is $806,501. With a typical local home value of $439,384 in Macon-Bibb County, a standard 20%-down mortgage requires a loan size of $351,507. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 31202, Macon-Bibb County, GA impact estimated mortgage payments?
The median home value in 31202, Macon-Bibb County, GA is estimated at $439,384. Buying a typical home here with a standard 20% down payment ($87,877) translates to an estimated starting monthly mortgage payment of $1,301 (principal and interest). Compared to the local area median household income of $27,557 ($2,296/mo), this basic housing payment represents approximately 56.6% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.