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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 | 6.894%APR 6.930% | 0 pts$0 | $1,811/moP&I $1,811 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.039%APR 6.809% | 0 pts$0 | $1,813/moP&I $1,685 · MI $128 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.987%APR 6.038% | 0 pts$0 | $1,647/moP&I $1,647 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.926%APR 6.963% | 0 pts$0 | $1,816/moP&I $1,816 · MI $0 | See details |
| Investment Property FixedConforming | 7.619%APR 7.660% | 0 pts$0 | $1,946/moP&I $1,946 · 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 | 5.987% | 6.038% | 0 pts ($0) | $2,319/mo | $46,256 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.948% | 5.999% | 0 pts ($0) | $2,892/mo | $64,137 |
Condo 10% Down | 10% | 720 credit score | 7.142% | 7.310% | 0 pts ($0) | $2,089/mo | $73,208 |
Conventional 10% Down | 10% | 720 credit score | 6.592% | 6.747% | 0 pts ($0) | $1,975/mo | $68,079 |
Conventional 20% Down | 20% | 740 credit score | 6.894% | 6.930% | 0 pts ($0) | $1,811/mo | $56,003 |
Conventional 5% Down | 5% | 700 credit score | 7.007% | 7.485% | 0 pts ($0) | $2,175/mo | $75,946 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.336% | 7.375% | 0 pts ($0) | $2,366/mo | $81,291 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $2,062/mo | $70,148 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.803% | 7.178% | 0 pts ($0) | $2,175/mo | $78,496 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.926% | 6.963% | 0 pts ($0) | $2,271/mo | $77,040 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,837/mo | $67,652 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.039% | 6.809% | 0 pts ($0) | $2,033/mo | $71,425 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,083/mo | $72,933 |
FHA Streamline Refi | 0% | 640 credit score | 6.229% | 7.002% | 0 pts ($0) | $2,149/mo | $76,014 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.981% | 7.225% | 0 pts ($0) | $2,169/mo | $78,630 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,151/mo | $42,119 |
Investment Property 25% Down | 25% | 740 credit score | 7.619% | 7.660% | 0 pts ($0) | $1,824/mo | $58,142 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $1,840/mo | $57,304 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,999/mo | $61,306 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.407% | 7.183% | 0 pts ($0) | $2,113/mo | $75,161 |
Second Home 10% Down | 10% | 720 credit score | 5.942% | 6.514% | 0 pts ($0) | $1,844/mo | $62,029 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,809/mo | $55,920 |
VA 0% Down | 0% | 700 credit score | 6.032% | 6.276% | 0 pts ($0) | $2,113/mo | $69,789 |
VA Cash-Out Refi | 0% | 640 credit score | 6.044% | 6.412% | 0 pts ($0) | $2,116/mo | $69,915 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.065% | 6.217% | 0 pts ($0) | $2,121/mo | $70,137 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,892/mo | $59,859 |
Frequently Asked Questions
What are today's mortgage rates in 37080, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37080, Nashville-Davidson Metropolitan Government (Balance), TN is 6.894% (with an estimated monthly payment of $2,307). Active program rates also include FHA 30-year fixed loans at 6.039% and VA 0%-down fixed loans at 6.032%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37080, 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 37080, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.513% and a high of 6.972%. 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 37080, 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 $343,855 in 37080, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $68,771 but keeps your monthly payment lower at $2,307/mo (at 6.894% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,035 (3.5% down) but has an estimated payment of $2,590/mo (at 6.039% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $331,820 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 37080 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37080 is $806,501. With a typical local home value of $343,855 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $275,084. 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 37080, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37080, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $343,855. Buying a typical home here with a standard 20% down payment ($68,771) translates to an estimated starting monthly mortgage payment of $2,307 (principal and interest). Compared to the local area median household income of $93,543 ($7,795/mo), this basic housing payment represents approximately 29.6% 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.