The Best Mortgage Lenders in Lithonia, GA
Compare verified mortgage lenders serving Lithonia, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lithonia
Featured Mortgage Lenders
Delta Community Mortgage Team
Delta Community Credit Union
As Georgia's largest credit union with deep roots in the Atlanta metropolitan area, Delta Community Credit Union consistently ranks among the top mortgage lenders serving Lithonia. Their exceptional 4.8 rating reflects outstanding customer service and competitive rates. With 80 years of financial service experience, they offer a comprehensive range of mortgage products including specialized programs for first-time homebuyers. Members consistently praise their personalized approach, transparent process, and local underwriting team that understands the Lithonia housing market. Their multiple branches throughout metro Atlanta provide convenient access for Lithonia residents.
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Premier Mortgage Associates
Premier Mortgage Associates, Inc.
Premier Mortgage Associates has built an exceptional reputation across metro Atlanta with a stellar 4.9 rating from nearly 200 reviews. Serving Lithonia for over two decades, this locally-owned mortgage broker offers personalized service and access to multiple lending partners. Their team of experienced loan officers specializes in navigating complex financial situations and finding the best rates for Georgia homebuyers. Customers consistently highlight their responsiveness, expertise with government-backed loans (FHA/VA), and ability to close loans quickly. Their deep knowledge of the DeKalb County real estate market makes them a top choice for Lithonia home purchases and refinances.
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New American Funding - Atlanta
New American Funding
New American Funding brings national lending power with strong local presence through their Atlanta branch that actively serves Lithonia homebuyers. With a 4.7 rating from hundreds of reviews, they're recognized for their diverse loan programs and commitment to minority homeownership. They offer unique products like their "Temporary Buydown" program and have special initiatives for first-time buyers. Their local loan officers understand the Lithonia market dynamics and provide bilingual services. Customers praise their competitive rates, efficient online application process, and the company's responsiveness throughout the loan process from application to closing.
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Frequently Asked Questions
Common questions about mortgage lending in Lithonia, GA
What are the current average mortgage rates for homebuyers in Lithonia, GA?
Mortgage rates in Lithonia typically align with national averages but can vary based on lender competition in the metro Atlanta area. Currently, 30-year fixed rates range from 6.5% to 7.2% depending on credit score and loan type. It's advisable to compare rates from both local Georgia lenders and national institutions as DeKalb County's market can offer competitive pricing.
Are there any special first-time homebuyer programs available specifically in Lithonia?
Yes, Lithonia homebuyers can access Georgia's DreamHome Mortgage Program, which offers competitive interest rates and down payment assistance. Additionally, DeKalb County offers the HOME Program providing up to $20,000 in down payment assistance for qualified buyers. These programs are particularly valuable given Lithonia's median home prices being more affordable than Atlanta metro averages.
How does Lithonia's location within DeKalb County affect property taxes and mortgage calculations?
DeKalb County property taxes typically range from 1.2% to 1.5% of home value, which lenders factor into your debt-to-income ratio. Lithonia homeowners benefit from slightly lower tax rates compared to some neighboring cities, but should still budget for annual taxes of approximately $2,500-$4,000 on a $250,000 home. Your lender will include these estimates in your monthly mortgage payment escrow.
What unique closing costs should I expect when buying a home in Lithonia?
Beyond standard closing costs, Lithonia homebuyers should anticipate Georgia's state transfer tax of $1 per $1,000 of sale price, plus DeKalb County recording fees. Additionally, you'll need to budget for Georgia's intangible tax on new mortgages (0.3% of loan amount) and potentially higher homeowner's insurance costs due to the area's weather patterns. Total closing costs typically range from 2% to 5% of the home price.
How do Lithonia's home values and appreciation trends affect mortgage options?
Lithonia has experienced steady 3-5% annual appreciation, making it an attractive market for both conventional and FHA loans. The area's median home price of approximately $280,000 falls within conforming loan limits, allowing for standard financing options. Strong rental demand from nearby employers like Emory University and CDC also makes investment property mortgages viable for qualified buyers.
Why Choose a Mortgage Lender in Lithonia?
Local Market Knowledge
Lenders who understand Lithonia's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Georgia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Lithonia and get competitive rates on your home loan.