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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.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.895%APR 6.931% | 0 pts$0 | $2,331/moP&I $2,331 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.040%APR 6.810% | 0 pts$0 | $2,335/moP&I $2,170 · MI $165 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.989%APR 6.040% | 0 pts$0 | $2,121/moP&I $2,121 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.923%APR 6.959% | 0 pts$0 | $2,338/moP&I $2,338 · MI $0 | See details |
| Investment Property FixedConforming | 7.620%APR 7.661% | 0 pts$0 | $2,505/moP&I $2,505 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.989% | 6.040% | 0 pts ($0) | $2,986/mo | $59,570 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.943% | 5.994% | 0 pts ($0) | $3,722/mo | $82,506 |
Condo 10% Down | 10% | 720 credit score | 7.145% | 7.313% | 0 pts ($0) | $2,690/mo | $94,284 |
Conventional 10% Down | 10% | 720 credit score | 6.593% | 6.748% | 0 pts ($0) | $2,543/mo | $87,657 |
Conventional 20% Down | 20% | 740 credit score | 6.895% | 6.931% | 0 pts ($0) | $2,331/mo | $72,108 |
Conventional 5% Down | 5% | 700 credit score | 7.008% | 7.486% | 0 pts ($0) | $2,800/mo | $97,785 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.337% | 7.376% | 0 pts ($0) | $3,046/mo | $104,667 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $2,654/mo | $90,308 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.804% | 7.179% | 0 pts ($0) | $2,800/mo | $101,068 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.923% | 6.959% | 0 pts ($0) | $2,922/mo | $99,141 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,653/mo | $87,095 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.040% | 6.810% | 0 pts ($0) | $2,617/mo | $91,965 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,682/mo | $93,893 |
FHA Streamline Refi | 0% | 640 credit score | 6.232% | 7.005% | 0 pts ($0) | $2,768/mo | $97,901 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.981% | 7.225% | 0 pts ($0) | $2,793/mo | $101,227 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,769/mo | $54,224 |
Investment Property 25% Down | 25% | 740 credit score | 7.620% | 7.661% | 0 pts ($0) | $2,349/mo | $74,862 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $2,368/mo | $73,774 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,574/mo | $78,925 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.409% | 7.186% | 0 pts ($0) | $2,721/mo | $96,789 |
Second Home 10% Down | 10% | 720 credit score | 5.943% | 6.515% | 0 pts ($0) | $2,374/mo | $79,868 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,329/mo | $71,991 |
VA 0% Down | 0% | 700 credit score | 6.033% | 6.277% | 0 pts ($0) | $2,721/mo | $89,859 |
VA Cash-Out Refi | 0% | 640 credit score | 6.046% | 6.414% | 0 pts ($0) | $2,725/mo | $90,036 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.066% | 6.218% | 0 pts ($0) | $2,730/mo | $90,308 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,436/mo | $77,063 |
Frequently Asked Questions
What are today's mortgage rates in 37076, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37076, Nashville-Davidson Metropolitan Government (Balance), TN is 6.895% (with an estimated monthly payment of $2,298). Active program rates also include FHA 30-year fixed loans at 6.040% and VA 0%-down fixed loans at 6.033%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37076, 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 37076, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.514% and a high of 6.973%. 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 37076, 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 $442,678 in 37076, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $88,536 but keeps your monthly payment lower at $2,298/mo (at 6.895% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,494 (3.5% down) but has an estimated payment of $2,580/mo (at 6.040% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $427,184 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 37076 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37076 is $806,501. With a typical local home value of $442,678 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $354,142. 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 37076, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37076, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $442,678. Buying a typical home here with a standard 20% down payment ($88,536) translates to an estimated starting monthly mortgage payment of $2,298 (principal and interest). Compared to the local area median household income of $81,813 ($6,818/mo), this basic housing payment represents approximately 33.7% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.