Compare Current Nashville, Tennessee Mortgage Rates

Compare Nashville, TN mortgage rates and fees from top lenders. 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 lowest 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.

Nashville, TN Mortgage Rates as of July 15, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

Get Personalized Mortgage Quotes

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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Nashville, TN Mortgage Rates

July 15, 2024

Current mortgage rates in Nashville, TN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

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

How Affordable is Housing in Nashville, Tennessee?

Below we provide helpful information on the real estate market, home prices and housing affordability in Nashville. Understand how much you need to earn to afford a home in Nashville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Nashville 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 Nashville is right for you.

The median home value for Nashville, TN (Davidson County) is $415,229

Based on current mortgage rates and a 10% down payment, you need to make $86,623 per year to buy the median priced home in Nashville

With this income, you could qualify for a $373,706 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 Nashville is $2,006

The median household income for Nashville, TN (Davidson County) is $66,302

Based on this income, you can afford a home valued at approximately $317,819

The home price you can afford to buy based on household income in Nashville is 77% of the median home value which means housing prices are very expensive. Nashville (Davidson County) ranks 95 out of 95 counties in Tennessee and 3,034 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 very expensive


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: $890,100
2 units: $1,139,500
3 units: $1,377,400
4 units: $1,711,750

FHA loan limits for Nashville, TN

1 unit: $890,100
2 units: $1,139,500
3 units: $1,377,400
4 units: $1,711,750

VA loan limits for Nashville, TN

1 unit: $890,100

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