»
»
Nashville

Current Mortgage Rates in Nashville, Tennessee

Compare mortgage rates and fees for leading lenders in Nashville, 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 Nashville.

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

%
Mortgage Rates in Nashville, TN as of November 11, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Nashville, TN

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Nashville, TN Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Nashville 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
Today's
Nashville, TN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Nashville, Tennessee?

The median home value for Nashville, TN (Davidson County) is $281,475

The median household income for Nashville, TN (Davidson County) is $55,052

Based on current mortgage rates and a 10% down payment, you need to make $52,222 per year to buy the median priced home in Nashville

The home price you can afford to buy based on household income in Nashville is 105% of the median home value which means housing prices are average

Nashville (Davidson County) ranks 95 out of 95 counties in Tennessee and 2,970 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Nashville, Tennessee

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

Conforming loan limits for Nashville, TN

1 unit: $534,750
2 units: $684,550
3 units: $827,500
4 units: $1,028,350

FHA loan limits for Nashville, TN

1 unit: $534,750
2 units: $684,550
3 units: $827,500
4 units: $1,028,350

VA loan limits for Nashville, TN

1 unit: $534,750

Additional Mortgage Resources for Nashville, TN Residents

Mortgage Rates for Tennessee Cities

Blountville Mortgage Rates

Chattanooga Mortgage Rates

Clarksville Mortgage Rates

Cleveland Mortgage Rates

Franklin Mortgage Rates

Hendersonville Mortgage Rates

Jackson Mortgage Rates

Johnson City Mortgage Rates

Knoxville Mortgage Rates

Maryville Mortgage Rates

Memphis Mortgage Rates

Mt. Juliet Mortgage Rates

Murfreesboro Mortgage Rates

Nashville Mortgage Rates

Sevier Mortgage Rates

Spring Hill Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index