Mortgage Rates in Augusta, Georgia — March 2026
Updated March 2026 | Based on Augusta market data and regional lending conditions
Augusta is a mid-sized city in Georgia with a population of 202,081. The current 30-year fixed mortgage rate in Augusta is 6.7%, which is 0.05% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $903.
Current Mortgage Rates in Augusta, GA
Below are the current average mortgage rates available in the Augusta area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Augusta Housing Market Overview
The Augusta housing market offers relatively affordable housing compared to many major cities. The median household income in Augusta is $41,250, and the cost of living index is 86.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $44,443 to comfortably afford the median-priced home in Augusta, which exceeds the current median household income.
Monthly Payment Breakdown for Augusta
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Augusta:
15-Year vs. 30-Year Mortgage in Augusta
Choosing a 15-year mortgage in Augusta at 5.94% instead of a 30-year at 6.7% would save you $113,220 in total interest over the life of the loan. However, your monthly payment would be $1,177 instead of $903 — an increase of $274 per month.
Calculate Your Augusta Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Augusta
What are the current mortgage rates in Augusta, GA?
As of March 2026, the average 30-year fixed mortgage rate in Augusta, Georgia is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Augusta?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Augusta is $903 for principal and interest. Including property taxes of $134/month, the total monthly housing cost is approximately $1,037.
What income do I need to buy a home in Augusta?
Using the 28% rule, you would need an annual income of approximately $44,443 to afford the median-priced home in Augusta at $175,000. The median household income in Augusta is $41,250. This means most households would need to either earn above the median or consider homes below $175,000.
Is Augusta a good place to buy a home in 2026?
Augusta offers a below-average cost of living with a cost of living index of 86.5 (national average = 100). The property tax rate in Georgia is 0.92%, which is near the national average. Augusta has a population of 202,081 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Augusta, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.