Land Mortgage Rates In Georgia

Current rates in georgia are 3 009 for a 30 year fixed 2 764 for a 15 year fixed and 3 115 for a 5 1 adjustable rate mortgage arm.

Land mortgage rates in georgia. Lending staff specializing in land and timber financing. Get pre qualified find your perfect property and secure the best loan for your situation all from southwest georgia farm credit. Refinance your existing loan. Shorter loan terms land loans typically have shorter and more restrictive repayment terms.

Financing up to 100 available for eligible terms. Current rates in georgia are 3 03 for a 30 year fixed 2 53 for a 15 year fixed and 2 81 for a 5 1 adjustable rate mortgage arm. Unlike other lenders we offer long term fixed rates. Land loan interest rates.

See up to date mortgage rates in georgia below to help inform your. You may be able to extend the loan terms if you qualify for a construction to permanent loan. Lenders view land loans as risky so interest rates tend to be higher than mortgage interest rates. Benefits of financing through agsouth.

Fha loans annual percentage rate apr calculation assumes a 255 290 loan 250 900 base amount plus 4 390 upfront mortgage insurance premium with a 3 5 down payment monthly mortgage insurance premium of 176 30 and borrower paid finance charges of 0 862 of the base loan amount plus origination fees if applicable. Competitive rates on mortgage loans in georgia including first time homebuyers products. Call a loan officer to lock in a long term fixed rate. Construction loans are short term arrangements that usually last about a year.

Arms offer you the lowest possible interest rate while allowing you to enjoy the security of a fixed rate for the first few years. An adjustable rate mortgage arm typically offers a lower initial interest rate than a fixed rate mortgage. Check out our other mortgage and refinance tools lenders. We want you to be able to secure your land loan in the simplest most secure way and from the comfort of your own home.

The average jumbo loan rate in georgia is 3 73. Georgia united offers arms in a variety of terms. Current mortgage rates in georgia are 2 86 for a 30 year fixed loan 2 34 for a 15 year fixed loan and 2 72 for a 5 1 arm. Higher interest rates again due to the high risk nature of land loans you should expect to receive a higher than average interest rate from your lender.

The lower rate is available for an introductory period generally one three five seven or 10 years. You ll make interest only payments until the house is completed and then convert to a standard 15 or 30 year mortgage. Financing up to 20 years 15 years for lot loans competitive rates and terms. Learn more about today s mortgage rates.