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Home Loans — Georgia

With a low cost of living, good schools, and plenty of employment opportunities, the Peach State is ripe with opportunities — and with District Lending’s home loans, Georgia citizens can also fulfill their dreams of owning a home.
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Over 64% of Georgia residents own their own home. This percentage is partly due to the lower home value of $306,113 (compared to the national average of $406,700). However, even those who have previously owned a home may need more equity to buy real estate, which is where home loans come in.

With a mortgage, a lender will cover the initial purchase price, and you will pay this back monthly. Your mortgage payment comprises the principal, interest, and mortgage insurance, which protects the lender if you default.

At first, your mortgage payment is primarily composed of the interest on the loan, but as your loan seasons, you’ll begin paying down the principal. Factors that determine your monthly payment include your down payment, interest rate, and mortgage insurance premiums.

Secure a Georgia Mortgage Loan for Your Next Property

Homeownership isn't just about being able to live in a good school district or customize your living space to your tastes; it also provides you with a more secure and stable future. Building equity over time ensures that you can sell your home in the future to pay for retirement or assist your children with purchasing their properties.
In Atlanta and other major cities throughout Georgia, it's cheaper to buy a home than rent one, and this will likely grow all the more critical in the future: fair market rents across the state rose by over 24% between 2019 and 2023. There's no better time to purchase a home and protect yourself from inflation.

District Lending is here to help with all your home loan needs: we offer some of the best mortgage rates in Georgia and have a variety of loan programs to meet your budget and lifestyle. When you work with us, you have an ally throughout the life of your loan, including if you choose to refinance.

Step toward a brighter future by partnering with District Lending to find the best mortgage for you.

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Home loans Georgia

Georgia Home Loan Factors

We provide numerous programs with great mortgage rates in Georgia, but your financial situation will determine which ones you'll qualify for. At District Lending, we'll look at your needs and help you choose a suitable loan.
  • Credit Score

    The average FICO score in Georgia is 694, which is still well above the common minimum qualifying score of 580. However, higher score implies access to better loan terms, so it’s important to improve it before you start applying for a mortgage.

  • Your Current Financial Picture

    Your debt-to-income ratio (DTI) is a number that determines what type of loan you qualify for. The lower the DTI ratio, the better the terms.

  • Down Payment

    The size of your down payment will also determine the terms of your mortgage. However, eligible homebuyers can access numerous down payment assistance programs that reduce costs and enable people with smaller savings access to homeownership.

  • Qualifying for Programs

    Your military, nurse, educator, or similar job can help you find more affordable loans, so it’s useful to find mortgage lenders who take part in relevant programs.

Why District Lending

Buying a home should be exciting, not nerve-racking. We want to make the loan process easy for all our customers in Georgia, first-time homeowners and seasoned buyers alike.
  • Free Quote With No Credit Score Check

    Credit score requirements are critical when applying for a mortgage. Every inquiry affects your score, but we’ll give you an check-free quite so that you can explore your options without harming your chances of being approved.

  • Payment Assistance

    Many people don’t have the savings to afford upfront expenses, especially as the average Georgian only makes $43,680 a year. No qualified buyer should be shut out of the housing market because they can’t afford a down payment or closing costs, which is why we work hard to assist our customers in finding grants and other options to pay these costs.

    District Lending can help eligible homebuyers find assistance programs in Georgia, including some of the following.

  • Georgia Dream Homeownership Program

    Offered through the Georgia Department of Community Affairs (DCA), the Georgia Dream program helps low and moderate-income families access affordable financing options for a primary residence if they have liquid assets of less than $20,000 or 20% of the total purchase price (whichever is greater).

    You can get down payment assistance of up to $10,000. Georgia Protectors, Educators, and Nurses, as well as those living with a disability, may qualify for greater assistance. Georgia Dream loans are available for homes up to $350,000.

    The Georgia Dream program also has price and household income limits, varying depending on the city. We will help you pick the best-participating lenders while giving you access to the Georgia Dream Program homebuyer education.

  • Intown Mortgage Assistance Program

    One of the best programs in Georgia, IMAP is also available to eligible homebuyers through District Lending. Designed for very low-income families in Atlanta who plan to stay in their homes for ten years or more, Intown Mortgage Assistance Program provides up to $10,000 in closing costs and down payment assistance. You must meet eligibility requirements, like a minimum credit score of 660, and pay a $1,000 fee to fund the program.

  • Atlanta Affordable Homeownership Program

    This opportunity provides low and moderate-income families with up to $14,000 in a loan for a down payment and closing costs. This down payment loan will be forgiven in five years.

    The City of Atlanta also provides a 3.5% down payment assistance grant for buyers who take out an FHA/VA loan, which will be forgiven upon closing.

    If you qualify for the Georgia Dream Homeownership Program or other payment assistance programs, we’ll walk you through the process and help you navigate purchase price limits, minimum credit score requirements, and income limits these programs have.

  • FHA, VA, or USDA Loan Programs

    These government-backed programs assist low and moderate-income families by providing affordable loan options with low mortgage rates and down payment requirements. As the government ensures the loan will be repaid, lenders are more willing to work with borrowers that have poor credit histories or low incomes. While you won’t need private mortgage insurance, you must pay a similar monthly premium to help fund the program.

    FHA Loans

    Provided by the Federal Housing Administration, FHA loans allow eligible homebuyers to buy real estate with only 3.5% down. The credit score thresholds are also lower: you can access low-interest loan options with a score as low as 500 if you provide a larger down payment.

    An FHA loan has no minimum or maximum household income limits, but you must have at least two years of income history and a debt-to-income ratio of 43% or less. You must move into the home within 60 days of close. If you had a home foreclosed on, you must wait three years before applying for another FHA loan; this is in contrast to seven years for other loan types.

    VA Loan

    These low-interest loan options are for eligible veterans, active service members, and surviving spouses of a veteran who died on active duty or as a result of duty-related disability. There are often no down payment requirements and no monthly mortgage insurance., while FICO score requirements tend to be more flexible.

    We’re proud to help you find the best participating lenders and help you realize your homeownership dreams.

    USDA Loan

    Designed to encourage homeownership in rural areas, these loans are restricted to zones outside of metropolitan areas. About 90% of Georgia municipalities are eligible for this option, which is a much higher percentage than in other, more urban states.

    You don’t need to put any money down, and there’s no private mortgage requirement. Your monthly payment will be lower thanks to very competitive interest rates. If you’re curious about this option, check out the USDA’s zoning map to show where you can pursue a loan. In Georgia, this includes most places outside the major metropolitan areas of Atlanta, Savannah, and Columbus.

  • Conventional and Non-Conforming Conventional Loan Options

    District Lending provides a variety of loan programs. This includes conventional and jumbo loan options.

    Conventional Loans

    These loans aren’t government-backed, which means you can work with a larger pool of participating lenders. However, they have higher loan limits but also more stringent FICO score requirements and a higher down payment requirement.

    Non-Conforming or Jumbo Conventional Loans

    If you want a home whose sales price is above the limits set by Fannie Mae and Freddie Mac, you can access a conventional jumbo mortgage loan. In 2023, the limit for a conventional mortgage is $726,200; any loan above this is considered a non-conforming or jumbo mortgage loan.

    These are offered by fewer mortgage lenders and typically have higher FICO score requirements; you’ll also need to provide a higher down payment. Interest rates are generally higher for these types of loans because they are riskier for lenders.

  • Competitive Mortgage Interest Rates

    We’re proud to provide some of the best mortgage rates in Georgia. You can sign up for our notifications so that you’ll be the first to know when rates in Georgia drop. You can also see typical rates for your zip-code, purchase price, down payment size and other loan factors on our rate tracker.

  • Including Closing Costs

    Don’t let closing costs keep you from achieving your homeownership goals! Part of our payment assistance includes rolling your closing costs into the mortgage so you have less to pay upfront.

  • Seamless Pre-Approval Process

    A preapproval letter gives you a competitive advantage over other buyers, especially in hot markets. With a preapproval letter, you demonstrate to sellers that you will be able to access a mortgage up to a certain amount, which helps assure them that you are less likely to back out of a contract because your financing fell through.

    By using our online preapproval application, you can have this all-important document within only a few hours.

  • Personalized Assistance

    At District Lending, we’ll help you start the application process and check your eligibility for down payment assistance programs. We’ll assist you throughout the life of your loan, including notifying you when rates drop so that you can be the first to refinance with more attractive rates.

    We can also help you through the process of collecting documents, assessing your financial situation, and improving your credit score before we start looking for the perfect lender for you.

  • Refinancing Options

    Not happy with your current mortgage? We’ll help you refinance to lower your monthly payments, shorten your term, reduce monthly insurance costs, switch to a fixed-rate mortgage, or tap into your real estate equity.

    The most common mortgage is the 30-year fixed-rate mortgage, which locks in your interest rate at the beginning of the loan, but there are other loan options available, such as an adjustable-rate mortgage.

    You can refinance your mortgage if rates drop lower than your initial rate. With this option, you will close the original loan and take a new mortgage out to cover the remaining balance of the current one with a lower interest rate. You don’t need to work with your original lender when you refinance.

    Also, you may qualify for a second mortgage if needed, although second mortgage rates tend to be higher.

  • Loan Calculator

    Our online calculator lets you explore all your loan options with different variables, such as a 30-year fixed-rate mortgage versus an adjustable-rate mortgage. Input different down payment prices and rates to see what you can afford.

Choose District Lending for Your Georgia Home Loans

Whether you have owned a home in the past or you’re just entering the housing market, District Lending is here to assist you in achieving your Georgia dream. As one of the top mortgage lenders in the Peach State, we offer a simple mortgage loan process and personalized support.

To get started on the journey to homeownership, reach out to one of our team members and learn more about our affordable mortgage loan options.

Couple with boxes moving into a new home

Cities We Service In Georgia

  • Tucson
  • Phoenix
  • Tucson
  • Scottsdale
  • Scottsdale
  • Sedona
  • Sedona
  • Atlanta
  • Augusta
  • Savannah
  • Columbus
  • Macon
  • Athens

Know exactly what to expect from your loan

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  • No documents required.
  • No commitment.
  • No fine print.
Get your free loan quoteGet your free loan quote
Buy
Home Purchase
Why District
Read about all the benefits
Process overview
Simplified and easy to understand
Apply now
Start your application
Get a quote
See your rate with no commitment
Perks
Free refinance for 3 years
Refinance with no closing costs
No closing costs
Zero costs options, what it means
Realtor credits
Get .5% towards your closing costs
18 Day closing
2X more likely to get your offer accepted
Price match guarantee
We beat competitors’ rates by .125% or more
Rate defense
Never miss out on rates dropping
Refinance
Rates
About
Reviews
Hear from our customers
Contact
Answers within 2 business hours
Meet the crew
Our experts, mission, and values
Careers
Join us in making a difference
Learn
Blog
Our knowledge at your convenience
Mortgage secrets
Short videos with tips&tricks
Video library
A short description can be here
Calculator
Calculate your mortgage payment
Apply nowGet a quote