Current Mortgage Rates in Clarksville, Tennessee

Compare mortgage rates and fees for leading lenders in Clarksville, TN. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Clarksville.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Clarksville. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Clarksville, TN as of August 10, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Clarksville, TN Mortgage Rates Compare?

August 10, 2020

The current average rate for a 30 year fixed rate mortgage in Clarksville is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Clarksville, TN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Clarksville, Tennessee?

Below we provide helpful information on the real estate market, home prices and housing affordability in Clarksville. Understand how much you need to earn to afford a home in Clarksville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clarksville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Clarksville is right for you.

The median home value for Clarksville, TN (Montgomery County) is $201,063

Based on current mortgage rates and a 10% down payment, you need to make $36,186 per year to buy the median priced home in Clarksville

With this income, you could qualify for a $180,956 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Clarksville is $838

The median household income for Clarksville, TN (Montgomery County) is $56,673

Based on this income, you can afford a home valued at approximately $314,897

The home price you can afford to buy based on household income in Clarksville is 157% of the median home value which means housing prices are average. Clarksville (Montgomery County) ranks 66 out of 95 counties in Tennessee and 2,415 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Clarksville, TN is average


Loan Limits for Clarksville, Tennessee

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clarksville (Montgomery County) below.

Conforming loan limits for Clarksville, TN

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Clarksville, TN

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Clarksville, TN

1 unit: $510,400

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