Loan Estimates and Bids in Georgia

Loan Estimates and Bids in Georgia

Loan Estimates and Bids in Georgia

Georgia Mortgage Market Analysis and Trends

Get insights into Georgia's mortgage and housing market based on real loan estimates and actual home sales data. Our analysis reveals opportunities for homebuyers to save up to $126,515.00 through informed lending choices.

Georgia Housing Market Overview

Price and Loan Statistics

  • Average Home Sale Price: $546,921.92

  • Median Home Sale Price: $732,500.00

  • Average Loan Amount: $463,864.61

  • Median Loan Amount: $690,000.00

Down Payment Analysis

  • Average Down Payment: 10.760%

  • Median Down Payment: 5.000%

Loan Estimate Analysis

Interest Rate Distribution

  • Average Loan Estimate Rate: 6.669%

  • Median Loan Estimate Rate: 6.490%

Competitive Rate Analysis

  • Average Bid Rate: 6.415%

  • Median Bid Rate: 6.250%

Potential Savings

By comparing multiple lenders, Georgia homebuyers could save up to $126,515.00 over the life of their loan.

Popular Mortgage Types in Georgia

  • Conventional Loans: 69.231%

  • FHA Loans: 0.000%

  • VA Loans: 0.000%

  • USDA Loans: 30.769%

Market Implications

The high percentage of conventional loans (69.231%) suggests many Georgia homebuyers have strong credit profiles and substantial down payments. FHA loans makeup 0.000% of the market, providing an important alternative for buyers seeking lower down payment options.

Key Findings for Georgia Homebuyers

  • Price Points: With a median home price of $732,500.00, buyers should plan their budgets accordingly.

  • Down Payment Trends: The median down payment of 5.000% exceeds traditional requirements.

  • Loan Type Selection: While conventional loans dominate, FHA loans serve as a vital alternative for many buyers.

  • Potential Savings: Shopping multiple lenders could save buyers up to $126,515.00 over their loan term.

Market Analysis Summary

  • Home prices averaging $546,921.92 with a median of $732,500.00

  • Substantial down payments, with a median of 5.000%

  • Strong preference for conventional loans at 69.231% of the market

  • Significant savings potential of up to $126,515.00 through lender comparison

Understanding these market dynamics can help homebuyers make more informed decisions about their mortgage options and potentially save thousands over the life of their loan.

[Note: All data based on recent loan estimates and home sales in Georgia. Individual circumstances may vary.]

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Fincast, Inc. is a digital shopping technology and online marketplace with its main business address located at 66 West Flagler Street, 9th Floor, Miami, FL 33130, Telephone Number (866) 986-1680. Fincast, Inc. provides administrative and marketplace services by matching consumers, who are prospective borrowers, with one or more banks, brokers, and/or lenders (each a "Lender"). Fincast, Inc. may also connect consumers with relevant Settlement Companies and/or Insurers that offer products and/or services of interest. Fincast, Inc. is not a Lender, Settlement Company, or Insurer and does not: originate, underwrite, make or refinance loans; make credit decisions in connection with loans or insurance policies; issue loan commitments or lock-in agreements; or guarantee that your submission of information on the Site will result in the origination or refinancing of a loan from a Lender, a policy from an Insurer; or guarantee a better deal or economic benefit of any kind.

Fincast, Inc. does not include information about every financial or credit product or service.Fincast, Inc. calculates and discloses averages based on comparisons of Loan Estimates presented along with data compiled from consumers and companies. Fincast, Inc. does not guarantee these claims or complete accuracy of these figures, as they are constantly changing and are estimated at a particular moment in time. Fincast, Inc. does not guarantee the accuracy of the information provided by lenders in our bidding platform and Fincast cannot be held liable for any deal detail discrepancies or miscalculations. These offers and deals are not guaranteed and are subject to change.

Fincast, Inc. NMLS Consumer Access #2496069 MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

This site is directed at, and made available to, persons in Colorado, Texas, and Florida only.

© 2024 Fincast, Inc. All Rights Reserved

Follow us

Fincast, Inc. is a digital shopping technology and online marketplace with its main business address located at 66 West Flagler Street, 9th Floor, Miami, FL 33130, Telephone Number (866) 986-1680. Fincast, Inc. provides administrative and marketplace services by matching consumers, who are prospective borrowers, with one or more banks, brokers, and/or lenders (each a "Lender"). Fincast, Inc. may also connect consumers with relevant Settlement Companies and/or Insurers that offer products and/or services of interest. Fincast, Inc. is not a Lender, Settlement Company, or Insurer and does not: originate, underwrite, make or refinance loans; make credit decisions in connection with loans or insurance policies; issue loan commitments or lock-in agreements; or guarantee that your submission of information on the Site will result in the origination or refinancing of a loan from a Lender, a policy from an Insurer; or guarantee a better deal or economic benefit of any kind.

Fincast, Inc. does not include information about every financial or credit product or service.Fincast, Inc. calculates and discloses averages based on comparisons of Loan Estimates presented along with data compiled from consumers and companies. Fincast, Inc. does not guarantee these claims or complete accuracy of these figures, as they are constantly changing and are estimated at a particular moment in time. Fincast, Inc. does not guarantee the accuracy of the information provided by lenders in our bidding platform and Fincast cannot be held liable for any deal detail discrepancies or miscalculations. These offers and deals are not guaranteed and are subject to change.

Fincast, Inc. NMLS Consumer Access #2496069 MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

This site is directed at, and made available to, persons in Colorado, Texas, and Florida only.

© 2024 Fincast, Inc. All Rights Reserved

Follow us

Fincast, Inc. is a digital shopping technology and online marketplace with its main business address located at 66 West Flagler Street, 9th Floor, Miami, FL 33130, Telephone Number (866) 986-1680. Fincast, Inc. provides administrative and marketplace services by matching consumers, who are prospective borrowers, with one or more banks, brokers, and/or lenders (each a "Lender"). Fincast, Inc. may also connect consumers with relevant Settlement Companies and/or Insurers that offer products and/or services of interest. Fincast, Inc. is not a Lender, Settlement Company, or Insurer and does not: originate, underwrite, make or refinance loans; make credit decisions in connection with loans or insurance policies; issue loan commitments or lock-in agreements; or guarantee that your submission of information on the Site will result in the origination or refinancing of a loan from a Lender, a policy from an Insurer; or guarantee a better deal or economic benefit of any kind.

Fincast, Inc. does not include information about every financial or credit product or service.Fincast, Inc. calculates and discloses averages based on comparisons of Loan Estimates presented along with data compiled from consumers and companies. Fincast, Inc. does not guarantee these claims or complete accuracy of these figures, as they are constantly changing and are estimated at a particular moment in time. Fincast, Inc. does not guarantee the accuracy of the information provided by lenders in our bidding platform and Fincast cannot be held liable for any deal detail discrepancies or miscalculations. These offers and deals are not guaranteed and are subject to change.

Fincast, Inc. NMLS Consumer Access #2496069 MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

This site is directed at, and made available to, persons in Colorado, Texas, and Florida only.

© 2024 Fincast, Inc. All Rights Reserved