Compare Today’s Mortgage Rates in Covington, Georgia 30016
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Covington, Georgia 30016.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Covington, Georgia 30016. For a 30-year fixed loan, our calculations show that you can expect to save up to $12,940 over the lifetime of your mortgage, which translates to a monthly savings of $36 in Covington and other areas of Newton county.
33.5463
-83.9451
12373
Summary of Average Mortgages in Covington, Georgia 30016
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Covington, Georgia 30016
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Covington, Georgia 30016
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Covington, GA 30016. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Covington, Georgia 30016 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Covington, Georgia and around Newton county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 94.88% | 93.64% | 92.85% | 92.14% | 91.00% | 88.90% | 88.92% | 89.28% | 87.55% |
| avg mortgage rate | 6.40% | 4.57% | 3.00% | 3.35% | 4.38% | 4.62% | 4.19% | 3.92% | 4.08% |
| % 15 year fixed mortgage | 3.95% | 5.16% | 5.71% | 6.11% | 7.31% | 8.97% | 9.07% | 8.98% | 10.82% |
| avg mortgage rate | 5.73% | 3.67% | 2.35% | 2.88% | 3.74% | 3.90% | 3.43% | 3.17% | 3.25% |
| Avg credit score | 755.59 | 759.17 | 764.62 | 758.38 | 754.26 | 753.56 | 750.89 | 750.02 | 754.94 |
| Avg LTV (loan to value) | 81.64% | 82.14% | 83.17% | 83.42% | 82.25% | 80.45% | 81.23% | 81.93% | 81.48% |
| Avg DTI (debt to income) | 38.72 | 36.51 | 34.31 | 34.75 | 35.79 | 35.34 | 34.34 | 34.27 | 33.55 |
| % First time homebuyer | 50.04% | 45.00% | 43.23% | 42.90% | 41.11% | 35.39% | 36.21% | 37.18% | 35.68% |
| Avg mortgage insurance % | 13.83% | 13.47% | 13.92% | 14.17% | 12.82% | 10.63% | 11.23% | 12.00% | 11.45% |
Best Mortgage Brokers around Covington, Georgia 30016
For those searching for a new home in Covington, we have compiled a list of the top mortgage brokers located in and around Covington, Georgia 30016 to assist you with your search.
Name
Address
Contact
Inland US Mortgage
5340 Highway 20 S
Covington GA 30016
(770) 385-9108
First Nation Bank
3207 Salem Rd
Covington GA 30016
(770) 388-0106
Nannies 4 Grannies Concierge
185 Winchester Dr
Covington GA 30016
(678) 643-6159
Guarantee Mortgage
45 Trelawney Ct
Covington GA 30016
(770) 385-8433
In House Mortgage
4265 Highway 162 S
Covington GA 30016
(770) 788-9878
http://www.gadbf.org
Address
5340 Highway 20 S
Covington GA
Contact
(770) 385-9108
Address
3207 Salem Rd
Covington GA
Contact
(770) 388-0106
Address
185 Winchester Dr
Covington GA
Contact
(678) 643-6159