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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 | 6.907%APR 6.943% | 0 pts$0 | $1,548/moP&I $1,548 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $1,534/moP&I $1,424 · MI $110 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.008%APR 6.060% | 0 pts$0 | $1,410/moP&I $1,410 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.753%APR 6.791% | 0 pts$0 | $1,524/moP&I $1,524 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.672% | 0 pts$0 | $1,663/moP&I $1,663 · 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 | 6.008% | 6.060% | 0 pts ($0) | $1,984/mo | $39,650 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.071% | 6.127% | 0 pts ($0) | $2,490/mo | $55,825 |
Condo 10% Down | 10% | 720 credit score | 7.186% | 7.356% | 0 pts ($0) | $1,792/mo | $62,877 |
Conventional 10% Down | 10% | 720 credit score | 6.609% | 6.765% | 0 pts ($0) | $1,690/mo | $58,281 |
Conventional 20% Down | 20% | 740 credit score | 6.907% | 6.943% | 0 pts ($0) | $1,548/mo | $47,924 |
Conventional 5% Down | 5% | 700 credit score | 7.025% | 7.503% | 0 pts ($0) | $1,861/mo | $65,016 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.350% | 7.389% | 0 pts ($0) | $2,023/mo | $69,554 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,738/mo | $58,885 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.819% | 7.195% | 0 pts ($0) | $1,861/mo | $67,180 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.753% | 6.791% | 0 pts ($0) | $1,905/mo | $64,269 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,423/mo | $57,781 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $1,718/mo | $60,163 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,779/mo | $62,291 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.830% | 0 pts ($0) | $1,803/mo | $63,396 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.992% | 7.236% | 0 pts ($0) | $1,855/mo | $67,250 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,837/mo | $35,974 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.672% | 0 pts ($0) | $1,559/mo | $49,699 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,583/mo | $49,468 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,708/mo | $52,361 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.300% | 7.075% | 0 pts ($0) | $1,785/mo | $63,267 |
Second Home 10% Down | 10% | 720 credit score | 5.947% | 6.520% | 0 pts ($0) | $1,576/mo | $53,018 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,545/mo | $47,761 |
VA 0% Down | 0% | 700 credit score | 6.054% | 6.298% | 0 pts ($0) | $1,809/mo | $59,805 |
VA Cash-Out Refi | 0% | 640 credit score | 6.065% | 6.434% | 0 pts ($0) | $1,811/mo | $59,904 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.071% | 6.224% | 0 pts ($0) | $1,812/mo | $59,958 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,616/mo | $51,126 |
Frequently Asked Questions
What are today's mortgage rates in 37078, , TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37078, , TN is 6.907% (with an estimated monthly payment of $2,168). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.054%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37078, , 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 37078, , TN have fluctuated between a low of 6.536% and a high of 6.986%. 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 37078, , TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $293,685 in 37078, , TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $58,737 but keeps your monthly payment lower at $2,168/mo (at 6.907% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,279 (3.5% down) but has an estimated payment of $2,405/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $283,406 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 37078 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37078 is $806,501. With a typical local home value of $293,685 in , a standard 20%-down mortgage requires a loan size of $234,948. 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 37078, , TN impact estimated mortgage payments?
The median home value in 37078, , TN is estimated at $293,685. Buying a typical home here with a standard 20% down payment ($58,737) translates to an estimated starting monthly mortgage payment of $2,168 (principal and interest). Compared to the local area median household income of $77,188 ($6,432/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.