Mortgage financing guide
Everything you need to know to secure the best mortgage and buy with confidence in Georgia.
Step-by-step mortgage process
1. Calculate what you can afford
Your monthly payment should not exceed ~28% of your gross monthly income. Add up all your existing debts.
2. Review your credit profile
Check your credit score (aim for 680+), keep income stable for the last 6 months and pay down consumer debt.
3. Save for the down payment
Ideally 10%–20%. A larger down payment means a better rate and lower monthly payment.
4. Shop at least 3–4 lenders
Compare offers from major banks, credit unions and mortgage brokers. Negotiate with the best quote in hand.
5. Documentation & approval
Pay stubs, W-2s, tax returns and bank statements. Approval usually takes 2–4 weeks.