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$424,100$543,000$656,350$815,650
ATKINSONNON-METRO$424,100$543,000$656,350$815,650
BACONNON-METRO$424,100$543,000$656,350$815,650
BAKERALBANY, GA$424,100$543,000$656,350$815,650
BALDWINMILLEDGEVILLE, GA$424,100$543,000$656,350$815,650
BANKSNON-METRO$424,100$543,000$656,350$815,650
BARROWATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
BARTOWATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
BEN HILLFITZGERALD, GA$424,100$543,000$656,350$815,650
BERRIENNON-METRO$424,100$543,000$656,350$815,650
BIBBMACON, GA$424,100$543,000$656,350$815,650
BLECKLEYNON-METRO$424,100$543,000$656,350$815,650
BRANTLEYBRUNSWICK, GA$424,100$543,000$656,350$815,650
BROOKSVALDOSTA, GA$424,100$543,000$656,350$815,650
BRYANSAVANNAH, GA$424,100$543,000$656,350$815,650
BULLOCHSTATESBORO, GA$424,100$543,000$656,350$815,650
BURKEAUGUSTA-RICHMOND , GA-SC$424,100$543,000$656,350$815,650
BUTTSATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
CALHOUNNON-METRO$424,100$543,000$656,350$815,650
CAMDENST. MARYS, GA$424,100$543,000$656,350$815,650
CANDLERNON-METRO$424,100$543,000$656,350$815,650
CARROLLATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
CATOOSACHATTANOOGA, TN-GA$424,100$543,000$656,350$815,650
CHARLTONNON-METRO$424,100$543,000$656,350$815,650
CHATHAMSAVANNAH, GA$424,100$543,000$656,350$815,650
CHATTAHOOCHEECOLUMBUS, GA-AL$424,100$543,000$656,350$815,650
CHATTOOGASUMMERVILLE, GA$424,100$543,000$656,350$815,650
CHEROKEEATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
CLARKEATHENS-CLARKE , GA$424,100$543,000$656,350$815,650
CLAYNON-METRO$424,100$543,000$656,350$815,650
CLAYTONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
CLINCHNON-METRO$424,100$543,000$656,350$815,650
COBBATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
COFFEEDOUGLAS, GA$424,100$543,000$656,350$815,650
COLQUITTMOULTRIE, GA$424,100$543,000$656,350$815,650
COLUMBIAAUGUSTA-RICHMOND , GA-SC$424,100$543,000$656,350$815,650
COOKNON-METRO$424,100$543,000$656,350$815,650
COWETAATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
CRAWFORDMACON, GA$424,100$543,000$656,350$815,650
CRISPCORDELE, GA$424,100$543,000$656,350$815,650
DADECHATTANOOGA, TN-GA$424,100$543,000$656,350$815,650
DAWSONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
DECATURBAINBRIDGE, GA$424,100$543,000$656,350$815,650
DEKALBATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
DODGENON-METRO$424,100$543,000$656,350$815,650
DOOLYNON-METRO$424,100$543,000$656,350$815,650
DOUGHERTYALBANY, GA$424,100$543,000$656,350$815,650
DOUGLASATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
EARLYNON-METRO$424,100$543,000$656,350$815,650
ECHOLSVALDOSTA, GA$424,100$543,000$656,350$815,650
EFFINGHAMSAVANNAH, GA$424,100$543,000$656,350$815,650
ELBERTNON-METRO$424,100$543,000$656,350$815,650
EMANUELNON-METRO$424,100$543,000$656,350$815,650
EVANSNON-METRO$424,100$543,000$656,350$815,650
FANNINNON-METRO$424,100$543,000$656,350$815,650
FAYETTEATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
FLOYDROME, GA$424,100$543,000$656,350$815,650
FORSYTHATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
FRANKLINNON-METRO$424,100$543,000$656,350$815,650
FULTONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
GILMERNON-METRO$424,100$543,000$656,350$815,650
GLASCOCKNON-METRO$424,100$543,000$656,350$815,650
GLYNNBRUNSWICK, GA$424,100$543,000$656,350$815,650
GORDONCALHOUN, GA$424,100$543,000$656,350$815,650
GRADYNON-METRO$424,100$543,000$656,350$815,650
GREENENON-METRO$515,200$659,550$797,250$990,800
GWINNETTATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
HABERSHAMCORNELIA, GA$424,100$543,000$656,350$815,650
HALLGAINESVILLE, GA$424,100$543,000$656,350$815,650
HANCOCKMILLEDGEVILLE, GA$424,100$543,000$656,350$815,650
HARALSONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
HARRISCOLUMBUS, GA-AL$424,100$543,000$656,350$815,650
HARTNON-METRO$424,100$543,000$656,350$815,650
HEARDATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
HENRYATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
HOUSTONWARNER ROBINS, GA$424,100$543,000$656,350$815,650
IRWINNON-METRO$424,100$543,000$656,350$815,650
JACKSONJEFFERSON, GA$424,100$543,000$656,350$815,650
JASPERATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
JEFF DAVISNON-METRO$424,100$543,000$656,350$815,650
JEFFERSONNON-METRO$424,100$543,000$656,350$815,650
JENKINSNON-METRO$424,100$543,000$656,350$815,650
JOHNSONDUBLIN, GA$424,100$543,000$656,350$815,650
JONESMACON, GA$424,100$543,000$656,350$815,650
LAMARATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
LANIERVALDOSTA, GA$424,100$543,000$656,350$815,650
LAURENSDUBLIN, GA$424,100$543,000$656,350$815,650
LEEALBANY, GA$424,100$543,000$656,350$815,650
LIBERTYHINESVILLE, GA$424,100$543,000$656,350$815,650
LINCOLNAUGUSTA-RICHMOND , GA-SC$424,100$543,000$656,350$815,650
LONGHINESVILLE, GA$424,100$543,000$656,350$815,650
LOWNDESVALDOSTA, GA$424,100$543,000$656,350$815,650
LUMPKINNON-METRO$424,100$543,000$656,350$815,650
MACONNON-METRO$424,100$543,000$656,350$815,650
MADISONATHENS-CLARKE , GA$424,100$543,000$656,350$815,650
MARIONCOLUMBUS, GA-AL$424,100$543,000$656,350$815,650
MCDUFFIEAUGUSTA-RICHMOND , GA-SC$424,100$543,000$656,350$815,650
MCINTOSHBRUNSWICK, GA$424,100$543,000$656,350$815,650
MERIWETHERATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
MILLERNON-METRO$424,100$543,000$656,350$815,650
MITCHELLNON-METRO$424,100$543,000$656,350$815,650
MONROEMACON, GA$424,100$543,000$656,350$815,650
MONTGOMERYVIDALIA, GA$424,100$543,000$656,350$815,650
MORGANATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
MURRAYDALTON, GA$424,100$543,000$656,350$815,650
MUSCOGEECOLUMBUS, GA-AL$424,100$543,000$656,350$815,650
NEWTONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
OCONEEATHENS-CLARKE , GA$424,100$543,000$656,350$815,650
OGLETHORPEATHENS-CLARKE , GA$424,100$543,000$656,350$815,650
PAULDINGATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
PEACHWARNER ROBINS, GA$424,100$543,000$656,350$815,650
PICKENSATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
PIERCEWAYCROSS, GA$424,100$543,000$656,350$815,650
PIKEATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
POLKCEDARTOWN, GA$424,100$543,000$656,350$815,650
PULASKIWARNER ROBINS, GA$424,100$543,000$656,350$815,650
PUTNAMNON-METRO$424,100$543,000$656,350$815,650
QUITMANNON-METRO$424,100$543,000$656,350$815,650
RABUNNON-METRO$424,100$543,000$656,350$815,650
RANDOLPHNON-METRO$424,100$543,000$656,350$815,650
RICHMONDAUGUSTA-RICHMOND , GA-SC$424,100$543,000$656,350$815,650
ROCKDALEATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
SCHLEYAMERICUS, GA$424,100$543,000$656,350$815,650
SCREVENNON-METRO$424,100$543,000$656,350$815,650
SEMINOLENON-METRO$424,100$543,000$656,350$815,650
SPALDINGATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
STEPHENSTOCCOA, GA$424,100$543,000$656,350$815,650
STEWARTNON-METRO$424,100$543,000$656,350$815,650
SUMTERAMERICUS, GA$424,100$543,000$656,350$815,650
TALBOTNON-METRO$424,100$543,000$656,350$815,650
TALIAFERRONON-METRO$424,100$543,000$656,350$815,650
TATTNALLNON-METRO$424,100$543,000$656,350$815,650
TAYLORNON-METRO$424,100$543,000$656,350$815,650
TELFAIRNON-METRO$424,100$543,000$656,350$815,650
TERRELLALBANY, GA$424,100$543,000$656,350$815,650
THOMASTHOMASVILLE, GA$424,100$543,000$656,350$815,650
TIFTTIFTON, GA$424,100$543,000$656,350$815,650
TOOMBSVIDALIA, GA$424,100$543,000$656,350$815,650
TOWNSNON-METRO$424,100$543,000$656,350$815,650
TREUTLENNON-METRO$424,100$543,000$656,350$815,650
TROUPLAGRANGE, GA$424,100$543,000$656,350$815,650
TURNERNON-METRO$424,100$543,000$656,350$815,650
TWIGGSMACON, GA$424,100$543,000$656,350$815,650
UNIONNON-METRO$424,100$543,000$656,350$815,650
UPSONTHOMASTON, GA$424,100$543,000$656,350$815,650
WALKERCHATTANOOGA, TN-GA$424,100$543,000$656,350$815,650
WALTONATLANTA-SANDY SPRINGS-ROSWELL, GA$424,100$543,000$656,350$815,650
WAREWAYCROSS, GA$424,100$543,000$656,350$815,650
WARRENNON-METRO$424,100$543,000$656,350$815,650
WASHINGTONNON-METRO$424,100$543,000$656,350$815,650
WAYNEJESUP, GA$424,100$543,000$656,350$815,650
WEBSTERNON-METRO$424,100$543,000$656,350$815,650
WHEELERNON-METRO$424,100$543,000$656,350$815,650
WHITENON-METRO$424,100$543,000$656,350$815,650
WHITFIELDDALTON, GA$424,100$543,000$656,350$815,650
WILCOXNON-METRO$424,100$543,000$656,350$815,650
WILKESNON-METRO$424,100$543,000$656,350$815,650
WILKINSONNON-METRO$424,100$543,000$656,350$815,650
WORTHALBANY, GA$424,100$543,000$656,350$815,650

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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