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Spring Hill

Current Mortgage Rates in Spring Hill, Tennessee

Compare mortgage rates and fees for leading lenders in Spring Hill, 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 Spring Hill.

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

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Mortgage Rates in Spring Hill, TN as of May 30, 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.
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How Do Today's Spring Hill, TN Mortgage Rates Compare?

May 30, 2020

The current average rate for a 30 year fixed rate mortgage in Spring Hill 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
Spring Hill, TN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Spring Hill, Tennessee?

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

The median home value for Spring Hill, TN (Maury County) is $222,605

Based on current mortgage rates and a 10% down payment, you need to make $40,063 per year to buy the median priced home in Spring Hill

With this income, you could qualify for a $200,344 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 Spring Hill is $928

The median household income for Spring Hill, TN (Maury County) is $54,926

Based on this income, you can afford a home valued at approximately $305,187

The home price you can afford to buy based on household income in Spring Hill is 137% of the median home value which means housing prices are average. Spring Hill (Maury County) ranks 89 out of 95 counties in Tennessee and 2,704 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Spring Hill, Tennessee

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

Conforming loan limits for Spring Hill, TN

1 unit: $563,500
2 units: $721,400
3 units: $872,000
4 units: $1,083,650

FHA loan limits for Spring Hill, TN

1 unit: $563,500
2 units: $721,400
3 units: $872,000
4 units: $1,083,650

VA loan limits for Spring Hill, TN

1 unit: $563,500

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