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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.884%APR 6.900% | 0 pts$0 | $2,863/moP&I $2,863 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.936%APR 6.686% | 0 pts$0 | $2,841/moP&I $2,638 · MI $203 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.820%APR 5.855% | 0 pts$0 | $2,561/moP&I $2,561 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.712%APR 6.752% | 0 pts$0 | $2,813/moP&I $2,813 · MI $0 | See details |
| Investment Property FixedConforming | 7.250%APR 7.310% | 0 pts$0 | $2,971/moP&I $2,971 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | FICO | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
| 15-Year Conforming Purchase | 20% | 740 FICO | 5.820% | 5.855% | 0 pts ($0) | $3,632/mo | $71,119 |
| 15-Year Rate/Term Refi | 0% | 740 FICO | 5.820% | 5.855% | 0 pts ($0) | $4,541/mo | $99,513 |
| Condo 10% Down | 10% | 720 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,221/mo | $112,078 |
| Conventional 10% Down | 10% | 720 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,221/mo | $112,078 |
| Conventional 20% Down | 20% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $2,863/mo | $88,521 |
| Conventional 5% Down | 5% | 700 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,400/mo | $118,305 |
| Conventional Cash-Out Refi | 0% | 740 FICO | 6.712% | 6.752% | 0 pts ($0) | $3,517/mo | $118,445 |
| Conventional High Balance | 10% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,221/mo | $109,139 |
| Conventional HomeReady 3% | 3% | 660 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,472/mo | $125,547 |
| Conventional Rate/Term Refi | 0% | 740 FICO | 6.712% | 6.752% | 0 pts ($0) | $3,517/mo | $118,445 |
| FHA 15-Year Fixed 3.5% Down | 3.5% | 680 FICO | 5.936% | 6.686% | 0 pts ($0) | $4,492/mo | $107,093 |
| FHA 3.5% Down | 3.5% | 680 FICO | 5.936% | 6.686% | 0 pts ($0) | $3,182/mo | $111,411 |
| FHA Streamline (Excellent Credit) | 0% | 740 FICO | 5.936% | 6.686% | 0 pts ($0) | $3,298/mo | $115,452 |
| FHA Streamline Refi | 0% | 640 FICO | 5.936% | 6.686% | 0 pts ($0) | $3,298/mo | $115,452 |
| House Hacking Conforming 5% | 5% | 680 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,400/mo | $122,959 |
| Investment 15-Year Fixed 25% Down | 25% | 740 FICO | 5.820% | 5.855% | 0 pts ($0) | $3,405/mo | $66,674 |
| Investment Property 25% Down | 25% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $2,684/mo | $82,988 |
| Jumbo Conforming | 20% | 760 FICO | 6.712% | 6.741% | 0 pts ($0) | $2,813/mo | $86,264 |
| Jumbo Elite Premium 10% Down | 10% | 760 FICO | 6.712% | 6.741% | 0 pts ($0) | $3,165/mo | $97,047 |
| Lower Credit FHA 3.5% | 3.5% | 580 FICO | 5.936% | 6.686% | 0 pts ($0) | $3,182/mo | $111,411 |
| Second Home 10% Down | 10% | 720 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,221/mo | $112,078 |
| Second Home 20% Down | 20% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $2,863/mo | $88,521 |
| VA 0% Down | 0% | 700 FICO | 6.067% | 6.143% | 0 pts ($0) | $3,358/mo | $111,060 |
| VA Cash-Out Refi | 0% | 640 FICO | 6.067% | 6.143% | 0 pts ($0) | $3,358/mo | $111,060 |
| VA IRRRL Streamline Refi | 0% | 640 FICO | 6.067% | 6.143% | 0 pts ($0) | $3,358/mo | $111,060 |
| VA Military 10% Down | 10% | 720 FICO | 6.067% | 6.143% | 0 pts ($0) | $2,995/mo | $94,757 |
Frequently Asked Questions
What are today's mortgage rates in Nashville-Davidson metropolitan government (balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Nashville-Davidson metropolitan government (balance), TN is available on Safe Rate. Active program rates also include FHA 30-year fixed loans at a competitive rate and VA 0%-down fixed loans at a benchmark rate. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Nashville-Davidson metropolitan government (balance), TN?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Nashville-Davidson metropolitan government (balance), TN have fluctuated between a low of a competitive range and a high of recent cyclical highs. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Nashville-Davidson metropolitan government (balance), TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $544,322 in Nashville-Davidson metropolitan government (balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $108,864 but keeps your monthly payment lower at —/mo (at — interest) with no monthly PMI. In comparison, an FHA loan requires only $19,051 (3.5% down) but has an estimated payment of —/mo (at — interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $525,271 exceeds the local HUD FHA limit of $524,225 for a 1-unit property, meaning entry-level buyers here will likely require conventional financing or a larger down payment to comply with government limits.
What is the maximum conforming loan limit in Nashville-Davidson metropolitan government (balance) before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Nashville-Davidson metropolitan government (balance) is $806,501. With a typical local home value of $544,322 in , a standard 20%-down mortgage requires a loan size of $435,458. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Nashville-Davidson metropolitan government (balance), TN impact estimated mortgage payments?
The median home value in Nashville-Davidson metropolitan government (balance), TN is estimated at $544,322. Buying a typical home here with a standard 20% down payment ($108,864) translates to an estimated starting monthly mortgage payment of — (principal and interest). This serves as a key indicator of market entry costs, with property taxes and homeowners insurance contributing additional monthly escrow amounts.