Georgia is one of the 10 fastest growing states in the U.S. With 100,000 people moving to the state each year, the number of people needing home loans is quickly increasing. The state has an amazing healthcare system which makes it an attractive destination and home for many seeking a new life or simply change from their existing sphere of work. The people are known to be hospitable and warm, much like the climate of the Empire State of the South, or more commonly known as the Peach State. With a population expecting to exceed 12 million by the year 2030, Georgia is preparing itself for an influx of vibrant and young people seeking for a place to call home. With more than half of the population between the ages of 24 and 54, banks and lending agencies will have to provide competitive mortgage interest rates for a large number of younger people seeking to buy a new home.

Home mortgage rates in Georgia now stand around 4.12% anywhere up to 4.5%. This is for a 30-year fixed mortgage with 20% down. To be competitive, mortgage rates will still need to come down in order to entice new homeowners to look into settling down in the southern state. First-time buyers are getting more savvy and smart as they have ample opportunity to compare prices of homes, as well as, find the best bank or lender which will give them low rates and loan program options when applying for mortgage refinancing.

The governing bodies of Georgia have come up with a plan to make it affordable for low-to-moderate families and individuals in the market for a new home. Known as the Georgia Dream Homeownership program, it offers real opportunity for those who may find it hard to buy a home by offering fixed low interest home loans. The applicants for this program must be first-time home buyers. One of the advantages of this program is that borrower's are educated about the market, how to buy a home and get a mortgage, free of charge, which saves many individuals and families headaches and disappointments. So many in the market for the first time get lost and overwhelmed with not knowing what they should be doing for their next step in shopping for the best mortgage rates online and locally.