What are Conventional Loans and Conforming Loans?

By definition, a Conventional Loan is any mortgage that’s not guaranteed or insured by the federal government. Georgia conventional loans may be either “conforming” and “non-conforming”, although ‘conventional loans’ generally refer to ‘conforming loans’. Therefore Georgia conventional loan limits are the same thing as Georgia conforming loan limits.

Georgia Conventional Loan Limits

What is the maximum amount that I can borrow?

Conventional loan limits in Georgia are determined by:

  • Georgia Conventional Loan Limits Maximum LTV Ratio:  The maximum financing loan-to-value ratio for conventional mortgages is 80% – 97% of the appraised value of the home or its selling price, whichever is lower. Learn how to calculate loan-to-value.
  • Maximum Loan Amount: Conventional loan limits in Georgia are set at the floor amount of $424,100 across the entire state. Metro areas in GA with a conforming limit of $424,100 include Atlanta, Athens, Savannah and Columbus.

Search all Conventional Loan Limits in Georgia:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
APPLINGNON-METRO$510,400$653,550$789,950$981,700
ATKINSONDOUGLAS, GA$510,400$653,550$789,950$981,700
BACONNON-METRO$510,400$653,550$789,950$981,700
BAKERNON-METRO$510,400$653,550$789,950$981,700
BALDWINMILLEDGEVILLE, GA$510,400$653,550$789,950$981,700
BANKSNON-METRO$510,400$653,550$789,950$981,700
BARROWATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
BARTOWATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
BEN HILLFITZGERALD, GA$510,400$653,550$789,950$981,700
BERRIENNON-METRO$510,400$653,550$789,950$981,700
BIBBMACON-BIBB COUNTY, GA$510,400$653,550$789,950$981,700
BLECKLEYNON-METRO$510,400$653,550$789,950$981,700
BRANTLEYBRUNSWICK, GA$510,400$653,550$789,950$981,700
BROOKSVALDOSTA, GA$510,400$653,550$789,950$981,700
BRYANSAVANNAH, GA$510,400$653,550$789,950$981,700
BULLOCHSTATESBORO, GA$510,400$653,550$789,950$981,700
BURKEAUGUSTA-RICHMOND COUNTY, GA-SC$510,400$653,550$789,950$981,700
BUTTSATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
CALHOUNNON-METRO$510,400$653,550$789,950$981,700
CAMDENST. MARYS, GA$510,400$653,550$789,950$981,700
CANDLERNON-METRO$510,400$653,550$789,950$981,700
CARROLLATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
CATOOSACHATTANOOGA, TN-GA$510,400$653,550$789,950$981,700
CHARLTONNON-METRO$510,400$653,550$789,950$981,700
CHATHAMSAVANNAH, GA$510,400$653,550$789,950$981,700
CHATTAHOOCHEECOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
CHATTOOGASUMMERVILLE, GA$510,400$653,550$789,950$981,700
CHEROKEEATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
CLARKEATHENS-CLARKE COUNTY, GA$510,400$653,550$789,950$981,700
CLAYNON-METRO$510,400$653,550$789,950$981,700
CLAYTONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
CLINCHNON-METRO$510,400$653,550$789,950$981,700
COBBATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
COFFEEDOUGLAS, GA$510,400$653,550$789,950$981,700
COLQUITTMOULTRIE, GA$510,400$653,550$789,950$981,700
COLUMBIAAUGUSTA-RICHMOND COUNTY, GA-SC$510,400$653,550$789,950$981,700
COOKNON-METRO$510,400$653,550$789,950$981,700
COWETAATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
CRAWFORDMACON-BIBB COUNTY, GA$510,400$653,550$789,950$981,700
CRISPCORDELE, GA$510,400$653,550$789,950$981,700
DADECHATTANOOGA, TN-GA$510,400$653,550$789,950$981,700
DAWSONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
DECATURBAINBRIDGE, GA$510,400$653,550$789,950$981,700
DEKALBATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
DODGENON-METRO$510,400$653,550$789,950$981,700
DOOLYNON-METRO$510,400$653,550$789,950$981,700
DOUGHERTYALBANY, GA$510,400$653,550$789,950$981,700
DOUGLASATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
EARLYNON-METRO$510,400$653,550$789,950$981,700
ECHOLSVALDOSTA, GA$510,400$653,550$789,950$981,700
EFFINGHAMSAVANNAH, GA$510,400$653,550$789,950$981,700
ELBERTNON-METRO$510,400$653,550$789,950$981,700
EMANUELNON-METRO$510,400$653,550$789,950$981,700
EVANSNON-METRO$510,400$653,550$789,950$981,700
FANNINNON-METRO$510,400$653,550$789,950$981,700
FAYETTEATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
FLOYDROME, GA$510,400$653,550$789,950$981,700
FORSYTHATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
FRANKLINNON-METRO$510,400$653,550$789,950$981,700
FULTONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
GILMERNON-METRO$510,400$653,550$789,950$981,700
GLASCOCKNON-METRO$510,400$653,550$789,950$981,700
GLYNNBRUNSWICK, GA$510,400$653,550$789,950$981,700
GORDONCALHOUN, GA$510,400$653,550$789,950$981,700
GRADYNON-METRO$510,400$653,550$789,950$981,700
GREENENON-METRO$515,200$659,550$797,250$990,800
GWINNETTATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
HABERSHAMCORNELIA, GA$510,400$653,550$789,950$981,700
HALLGAINESVILLE, GA$510,400$653,550$789,950$981,700
HANCOCKMILLEDGEVILLE, GA$510,400$653,550$789,950$981,700
HARALSONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
HARRISCOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
HARTNON-METRO$510,400$653,550$789,950$981,700
HEARDATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
HENRYATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
HOUSTONWARNER ROBINS, GA$510,400$653,550$789,950$981,700
IRWINNON-METRO$510,400$653,550$789,950$981,700
JACKSONJEFFERSON, GA$510,400$653,550$789,950$981,700
JASPERATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
JEFF DAVISNON-METRO$510,400$653,550$789,950$981,700
JEFFERSONNON-METRO$510,400$653,550$789,950$981,700
JENKINSNON-METRO$510,400$653,550$789,950$981,700
JOHNSONDUBLIN, GA$510,400$653,550$789,950$981,700
JONESMACON-BIBB COUNTY, GA$510,400$653,550$789,950$981,700
LAMARATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
LANIERVALDOSTA, GA$510,400$653,550$789,950$981,700
LAURENSDUBLIN, GA$510,400$653,550$789,950$981,700
LEEALBANY, GA$510,400$653,550$789,950$981,700
LIBERTYHINESVILLE, GA$510,400$653,550$789,950$981,700
LINCOLNAUGUSTA-RICHMOND COUNTY, GA-SC$510,400$653,550$789,950$981,700
LONGHINESVILLE, GA$510,400$653,550$789,950$981,700
LOWNDESVALDOSTA, GA$510,400$653,550$789,950$981,700
LUMPKINNON-METRO$510,400$653,550$789,950$981,700
MACONNON-METRO$510,400$653,550$789,950$981,700
MADISONATHENS-CLARKE COUNTY, GA$510,400$653,550$789,950$981,700
MARIONCOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
MCDUFFIEAUGUSTA-RICHMOND COUNTY, GA-SC$510,400$653,550$789,950$981,700
MCINTOSHBRUNSWICK, GA$510,400$653,550$789,950$981,700
MERIWETHERATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
MILLERNON-METRO$510,400$653,550$789,950$981,700
MITCHELLNON-METRO$510,400$653,550$789,950$981,700
MONROEMACON-BIBB COUNTY, GA$510,400$653,550$789,950$981,700
MONTGOMERYVIDALIA, GA$510,400$653,550$789,950$981,700
MORGANATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
MURRAYDALTON, GA$510,400$653,550$789,950$981,700
MUSCOGEECOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
NEWTONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
OCONEEATHENS-CLARKE COUNTY, GA$510,400$653,550$789,950$981,700
OGLETHORPEATHENS-CLARKE COUNTY, GA$510,400$653,550$789,950$981,700
PAULDINGATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
PEACHWARNER ROBINS, GA$510,400$653,550$789,950$981,700
PICKENSATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
PIERCEWAYCROSS, GA$510,400$653,550$789,950$981,700
PIKEATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
POLKCEDARTOWN, GA$510,400$653,550$789,950$981,700
PULASKINON-METRO$510,400$653,550$789,950$981,700
PUTNAMNON-METRO$510,400$653,550$789,950$981,700
QUITMANEUFAULA, AL-GA$510,400$653,550$789,950$981,700
RABUNNON-METRO$510,400$653,550$789,950$981,700
RANDOLPHNON-METRO$510,400$653,550$789,950$981,700
RICHMONDAUGUSTA-RICHMOND COUNTY, GA-SC$510,400$653,550$789,950$981,700
ROCKDALEATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
SCHLEYAMERICUS, GA$510,400$653,550$789,950$981,700
SCREVENNON-METRO$510,400$653,550$789,950$981,700
SEMINOLENON-METRO$510,400$653,550$789,950$981,700
SPALDINGATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
STEPHENSTOCCOA, GA$510,400$653,550$789,950$981,700
STEWARTCOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
SUMTERAMERICUS, GA$510,400$653,550$789,950$981,700
TALBOTCOLUMBUS, GA-AL$510,400$653,550$789,950$981,700
TALIAFERRONON-METRO$510,400$653,550$789,950$981,700
TATTNALLNON-METRO$510,400$653,550$789,950$981,700
TAYLORNON-METRO$510,400$653,550$789,950$981,700
TELFAIRNON-METRO$510,400$653,550$789,950$981,700
TERRELLALBANY, GA$510,400$653,550$789,950$981,700
THOMASTHOMASVILLE, GA$510,400$653,550$789,950$981,700
TIFTTIFTON, GA$510,400$653,550$789,950$981,700
TOOMBSVIDALIA, GA$510,400$653,550$789,950$981,700
TOWNSNON-METRO$510,400$653,550$789,950$981,700
TREUTLENDUBLIN, GA$510,400$653,550$789,950$981,700
TROUPLAGRANGE, GA-AL$510,400$653,550$789,950$981,700
TURNERNON-METRO$510,400$653,550$789,950$981,700
TWIGGSMACON-BIBB COUNTY, GA$510,400$653,550$789,950$981,700
UNIONNON-METRO$510,400$653,550$789,950$981,700
UPSONTHOMASTON, GA$510,400$653,550$789,950$981,700
WALKERCHATTANOOGA, TN-GA$510,400$653,550$789,950$981,700
WALTONATLANTA-SANDY SPRINGS-ALPHARETTA, GA$510,400$653,550$789,950$981,700
WAREWAYCROSS, GA$510,400$653,550$789,950$981,700
WARRENNON-METRO$510,400$653,550$789,950$981,700
WASHINGTONNON-METRO$510,400$653,550$789,950$981,700
WAYNEJESUP, GA$510,400$653,550$789,950$981,700
WEBSTERNON-METRO$510,400$653,550$789,950$981,700
WHEELERNON-METRO$510,400$653,550$789,950$981,700
WHITENON-METRO$510,400$653,550$789,950$981,700
WHITFIELDDALTON, GA$510,400$653,550$789,950$981,700
WILCOXNON-METRO$510,400$653,550$789,950$981,700
WILKESNON-METRO$510,400$653,550$789,950$981,700
WILKINSONNON-METRO$510,400$653,550$789,950$981,700
WORTHALBANY, GA$510,400$653,550$789,950$981,700

Georgia conforming limits can change anytime. Check back often to ensure accuracy.

What factors determine if i’m eligible for a Conventional Loan in Georgia?

Conventional conforming loans follow the terms and conditions set forth by government sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac. To be eligible for a Conforming Loan in Georgia, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. Your credit background will be considered. A FICO credit score of 620 or above is generally required to obtain a conventional loan approval. You must also have enough income to pay your housing costs plus all additional monthly debt.

How much money will I need for the down payment and closing costs?

Conventional home loans require the home buyer to invest between 3% and 20% of the sales price towards the down payment and closing costs. If the sales price is $100,000 for example, the mortgage applicant must invest at least $3,000 – $20,000 to meet conventional mortgage down payment requirements, depending on the program.

Minimum Georgia Conventional Loan Down Payment:

Residence UsageFixed-Rate Mortgage (FRM)Adjustable-Rate Mortgage (ARM)
1 Unit Primary3% Down Payment10% Down Payment
2 Units Primary15% Down Payment25% Down Payment
3 Units Primary25% Down Payment35% Down Payment
4 Units Primary25% Down Payment35% Down Payment
1 Unit Second Home10% Down Payment20% Down Payment
1 Unit Investment15% Down Payment25% Down Payment
2 Units Investment25% Down Payment35% Down Payment
3 Units Investment25% Down Payment35% Down Payment
4 Units Investment25% Down Payment35% Down Payment

What property types are allowed for Conventional Conforming Mortgages?

Georgia Conventional Loan RequirementsConventional mortgage guidelines allow you to purchase warrantable condos, planned unit developments, modular homes, manufactured homes, and 1-4 family residences. Conventional loans can be used to finance primary residences, second homes and investment property.

Learn more about conventional mortgages.

What types of mortgage and refinance programs do Conventional Loans offer in Georgia?

There are several varieties of standard home purchase, first-time home buyer and conventional refinance loans available in Georgia:

  • Conventional Purchase Loans – Conventional loans offer a variety of programs for applicants with good credit ratings to buy a home. Both 3% down mortgage and 5% down mortgage options are available, however 20% down is the minimum amount required to avoid private mortgage insurance.
  • Conventional Rate/Term Refinance: Conventional Rate/Term refinancing loans are for borrowers who currently have an FHA, VA, USDA or conventional fixed rate mortgage or ARM loan and wish to refinance into a conventional mortgage with a lower interest rate. If you’re a homeowners considering a stable, conventional fixed-rate mortgage, this program may also eliminate your mortgage insurance if you have at 20% equity in your home.  If not, Conventional 97% loan programs may also work for you.
  • Cash-Out Refinance: A Conventional Cash Out Refinance is perfect for the homeowner who wants to access the equity that they have built up in their home. This program is beneficial to homeowners whose property has increased in value since it was purchased.

What factors determine if I am eligible for a Conventional Refinance Loan?

To meet conventional refinance mortgage requirements in Georgia, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. Your credit background will be considered. You must be able to cover closing costs and have enough income to pay your monthly debt.

Conventional Loan Requirements

More Georgia Mortgage Limits

You may also want to visit these additional home loan resources before deciding on a mortgage program:

 

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