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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 | 6.993%APR 7.036% | 0 pts$0 | $913/moP&I $913 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.098%APR 6.875% | 0 pts$0 | $911/moP&I $847 · MI $64 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.251%APR 6.314% | 0 pts$0 | $846/moP&I $846 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.119%APR 7.178% | 0 pts$0 | $925/moP&I $925 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.727% | 0 pts$0 | $972/moP&I $972 · 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 | 6.251% | 6.314% | 0 pts ($0) | $1,178/mo | $24,154 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.255% | 6.324% | 0 pts ($0) | $1,473/mo | $33,562 |
Condo 10% Down | 10% | 720 credit score | 7.336% | 7.516% | 0 pts ($0) | $1,063/mo | $37,469 |
Conventional 10% Down | 10% | 720 credit score | 6.808% | 6.973% | 0 pts ($0) | $1,008/mo | $35,009 |
Conventional 20% Down | 20% | 740 credit score | 6.993% | 7.036% | 0 pts ($0) | $913/mo | $28,381 |
Conventional 5% Down | 5% | 700 credit score | 7.293% | 7.789% | 0 pts ($0) | $1,118/mo | $39,339 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.443% | 7.489% | 0 pts ($0) | $1,194/mo | $41,156 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,016/mo | $34,435 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.873% | 7.256% | 0 pts ($0) | $1,094/mo | $39,557 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.119% | 7.178% | 0 pts ($0) | $1,156/mo | $39,478 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,417/mo | $33,790 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.098% | 6.875% | 0 pts ($0) | $1,022/mo | $35,973 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,041/mo | $36,427 |
FHA Streamline Refi | 0% | 640 credit score | 6.292% | 7.072% | 0 pts ($0) | $1,081/mo | $38,297 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.265% | 7.521% | 0 pts ($0) | $1,115/mo | $40,670 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,074/mo | $21,037 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.727% | 0 pts ($0) | $912/mo | $29,063 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $926/mo | $28,928 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $999/mo | $30,620 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.458% | 7.241% | 0 pts ($0) | $1,061/mo | $37,799 |
Second Home 10% Down | 10% | 720 credit score | 6.098% | 6.680% | 0 pts ($0) | $936/mo | $31,706 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $903/mo | $27,930 |
VA 0% Down | 0% | 700 credit score | 6.120% | 6.371% | 0 pts ($0) | $1,065/mo | $35,321 |
VA Cash-Out Refi | 0% | 640 credit score | 6.120% | 6.496% | 0 pts ($0) | $1,065/mo | $35,321 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.123% | 6.282% | 0 pts ($0) | $1,066/mo | $35,337 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $945/mo | $29,898 |
Frequently Asked Questions
What are today's mortgage rates in 31204, Macon-Bibb County, GA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 31204, Macon-Bibb County, GA is 6.993% (with an estimated monthly payment of $1,161). Active program rates also include FHA 30-year fixed loans at 6.098% and VA 0%-down fixed loans at 6.120%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 31204, 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 31204, Macon-Bibb County, GA have fluctuated between a low of 6.885% and a high of 7.124%. 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 31204, Macon-Bibb County, GA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $171,743 in 31204, Macon-Bibb County, GA, a standard 20%-down Conventional loan requires an upfront cash down payment of $34,349 but keeps your monthly payment lower at $1,161/mo (at 6.993% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,011 (3.5% down) but has an estimated payment of $1,299/mo (at 6.098% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $165,732 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 31204 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 31204 is $806,501. With a typical local home value of $171,743 in Macon-Bibb County, a standard 20%-down mortgage requires a loan size of $137,394. 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 31204, Macon-Bibb County, GA impact estimated mortgage payments?
The median home value in 31204, Macon-Bibb County, GA is estimated at $171,743. Buying a typical home here with a standard 20% down payment ($34,349) translates to an estimated starting monthly mortgage payment of $1,161 (principal and interest). Compared to the local area median household income of $40,179 ($3,348/mo), this basic housing payment represents approximately 34.7% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.