GA

Georgia Home Buying Guide

South Region · Non-Judicial Foreclosure State

Homestead ExemptionAttorney Required

Key Facts at a Glance

Median Home Price
$320,000
Property Tax Rate
0.92%
Transfer Tax
0.10%
Attorney Required
Yes
Foreclosure Type
Non-Judicial

What Makes Georgia Unique

Attorney required at closing

Georgia Dream offers up to $10,000 DPA

Atlanta market is competitive and fast-moving

First-Time Buyer Programs in Georgia

1

Georgia Dream Homeownership Program

Contact your state housing finance agency for current eligibility and rates

2

Georgia Dream Pen/PEP

Contact your state housing finance agency for current eligibility and rates

3

Georgia Accessible Loan

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Georgia

1.2%
Avg Closing Costs
of purchase price
$3,840
Estimated Closing Costs
on median-priced home
0.1%
Transfer Tax
may be split with seller

Attorney at Closing

Attorney Required at Closing

Georgia requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.

Local Tips for Georgia Buyers

1

Georgia Dream income limits vary by county — check your area.

2

Attorney closing fee is typically $500–$1,200.

3

Non-judicial foreclosure is fast — stay current on payments.

Estimated Annual Ownership Cost in Georgia

Based on the median home price of $320,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$22,982
Annual Property Taxes$2,944
Homeowners Insurance (est.)$1,600
Maintenance (est. 1%/yr)$3,200

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Georgia.