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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 | 7.069%APR 7.111% | 0 pts$0 | $1,201/moP&I $1,201 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.082%APR 6.857% | 0 pts$0 | $1,187/moP&I $1,103 · MI $84 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.315%APR 6.376% | 0 pts$0 | $1,111/moP&I $1,111 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.958%APR 6.999% | 0 pts$0 | $1,187/moP&I $1,187 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.700% | 0 pts$0 | $1,269/moP&I $1,269 · 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 | 6.315% | 6.376% | 0 pts ($0) | $1,543/mo | $31,843 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.002% | 6.061% | 0 pts ($0) | $1,891/mo | $42,139 |
Condo 10% Down | 10% | 720 credit score | 7.281% | 7.457% | 0 pts ($0) | $1,380/mo | $48,544 |
Conventional 10% Down | 10% | 720 credit score | 6.858% | 7.023% | 0 pts ($0) | $1,322/mo | $45,973 |
Conventional 20% Down | 20% | 740 credit score | 7.069% | 7.111% | 0 pts ($0) | $1,201/mo | $37,434 |
Conventional 5% Down | 5% | 700 credit score | 7.256% | 7.748% | 0 pts ($0) | $1,453/mo | $51,081 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.501% | 7.546% | 0 pts ($0) | $1,567/mo | $54,081 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,326/mo | $44,921 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.858% | 7.239% | 0 pts ($0) | $1,425/mo | $51,505 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.958% | 6.999% | 0 pts ($0) | $1,484/mo | $50,412 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,849/mo | $44,079 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.082% | 6.857% | 0 pts ($0) | $1,331/mo | $46,822 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,357/mo | $47,520 |
FHA Streamline Refi | 0% | 640 credit score | 6.276% | 7.054% | 0 pts ($0) | $1,407/mo | $49,850 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.200% | 7.453% | 0 pts ($0) | $1,445/mo | $52,637 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,402/mo | $27,443 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.700% | 0 pts ($0) | $1,189/mo | $37,913 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,208/mo | $37,737 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,303/mo | $39,944 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.445% | 7.226% | 0 pts ($0) | $1,382/mo | $49,224 |
Second Home 10% Down | 10% | 720 credit score | 6.092% | 6.672% | 0 pts ($0) | $1,221/mo | $41,324 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,179/mo | $36,435 |
VA 0% Down | 0% | 700 credit score | 6.094% | 6.343% | 0 pts ($0) | $1,386/mo | $45,898 |
VA Cash-Out Refi | 0% | 640 credit score | 6.107% | 6.481% | 0 pts ($0) | $1,388/mo | $45,987 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.117% | 6.274% | 0 pts ($0) | $1,389/mo | $46,056 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,233/mo | $39,002 |
Frequently Asked Questions
What are today's mortgage rates in 31220, Macon-Bibb County, GA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 31220, Macon-Bibb County, GA is 7.069% (with an estimated monthly payment of $1,350). Active program rates also include FHA 30-year fixed loans at 6.082% and VA 0%-down fixed loans at 6.094%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 31220, 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 31220, Macon-Bibb County, GA have fluctuated between a low of 6.946% and a high of 7.209%. 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 31220, Macon-Bibb County, GA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $224,041 in 31220, Macon-Bibb County, GA, a standard 20%-down Conventional loan requires an upfront cash down payment of $44,808 but keeps your monthly payment lower at $1,350/mo (at 7.069% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,841 (3.5% down) but has an estimated payment of $1,496/mo (at 6.082% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $216,200 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 31220 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 31220 is $806,501. With a typical local home value of $224,041 in Macon-Bibb County, a standard 20%-down mortgage requires a loan size of $179,233. 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 31220, Macon-Bibb County, GA impact estimated mortgage payments?
The median home value in 31220, Macon-Bibb County, GA is estimated at $224,041. Buying a typical home here with a standard 20% down payment ($44,808) translates to an estimated starting monthly mortgage payment of $1,350 (principal and interest). Compared to the local area median household income of $90,146 ($7,512/mo), this basic housing payment represents approximately 18.0% 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.