Select your Scenario
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.
See Safe Rate's top scoring lenders for Nashville
We rank active Nashville lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Exceeds $806,501 conforming limit
Exceeds local FHA limit of $541,287
Requires veteran or military eligibility
Exceeds $806,501 conforming limit
Exceeds $806,501 conforming limit
Exceeds $806,501 conforming limit
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| FHA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr FixedJumbo | 7.051%APR 7.084% | 0 pts$0 | $5,823/moP&I $5,823 · MI $0 | See details |
| 15-Year Conforming Fixed Doesn't Apply | — | — | — | Ineligible |
| Refinance 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Investment Property Fixed Doesn't Apply | — | — | — | Ineligible |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 5.864% | 5.910% | 0 pts ($0) | $7,284/mo | $143,327 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.869% | 5.917% | 0 pts ($0) | $9,108/mo | $200,542 |
Condo 10% Down | 10% | 720 credit score | 7.009% | 7.172% | 0 pts ($0) | $6,524/mo | $227,817 |
Conventional 10% Down | 10% | 720 credit score | 6.500% | 6.652% | 0 pts ($0) | $6,192/mo | $212,796 |
Conventional 20% Down | 20% | 740 credit score | 6.819% | 6.852% | 0 pts ($0) | $5,688/mo | $175,312 |
Conventional 5% Down | 5% | 700 credit score | 6.946% | 7.419% | 0 pts ($0) | $6,842/mo | $238,509 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.260% | 7.296% | 0 pts ($0) | $7,433/mo | $254,837 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $6,526/mo | $222,057 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.662% | 7.031% | 0 pts ($0) | $6,787/mo | $243,999 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.546% | 6.578% | 0 pts ($0) | $6,913/mo | $231,416 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $8,982/mo | $214,157 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.941% | 6.708% | 0 pts ($0) | $6,367/mo | $222,953 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $6,595/mo | $230,873 |
FHA Streamline Refi | 0% | 640 credit score | 6.058% | 6.827% | 0 pts ($0) | $6,682/mo | $234,933 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.920% | 7.160% | 0 pts ($0) | $6,824/mo | $247,006 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $6,810/mo | $133,330 |
Investment Property 25% Down | 25% | 740 credit score | 7.500% | 7.538% | 0 pts ($0) | $5,708/mo | $181,120 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $5,823/mo | $181,401 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $6,329/mo | $194,068 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.299% | 7.072% | 0 pts ($0) | $6,615/mo | $234,456 |
Second Home 10% Down | 10% | 720 credit score | 5.953% | 6.524% | 0 pts ($0) | $5,844/mo | $196,680 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $5,726/mo | $177,018 |
VA 0% Down | 0% | 700 credit score | 5.939% | 6.179% | 0 pts ($0) | $6,623/mo | $217,814 |
VA Cash-Out Refi | 0% | 640 credit score | 5.945% | 6.309% | 0 pts ($0) | $6,627/mo | $218,014 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.958% | 6.107% | 0 pts ($0) | $6,636/mo | $218,448 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $5,990/mo | $189,489 |
Frequently Asked Questions
What are today's mortgage rates in 37205, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37205, Nashville-Davidson Metropolitan Government (Balance), TN is 6.819% (with an estimated monthly payment of $3,529). Active program rates also include FHA 30-year fixed loans at 5.941% and VA 0%-down fixed loans at 5.939%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37205, 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 37205, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.439% and a high of 6.899%. 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 37205, 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 $1,088,496 in 37205, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $217,699 but keeps your monthly payment lower at $3,529/mo (at 6.819% interest) with no monthly PMI. In comparison, an FHA loan requires only $38,097 (3.5% down) but has an estimated payment of $3,950/mo (at 5.941% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $1,050,399 exceeds the local HUD FHA limit of $541,287 for a 1-unit property, meaning entry-level buyers here will likely require conventional financing or a larger down payment to comply with government limits.
What is the maximum conforming loan limit in 37205 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37205 is $806,501. With a typical local home value of $1,088,496 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $870,797. Since this exceeds the conforming limit of $806,501, most typical transactions in Nashville-Davidson Metropolitan Government (Balance) require a non-conforming Jumbo loan, which demands stricter underwriting guidelines, higher credit scores, and larger asset reserves.
How does the median home value in 37205, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37205, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $1,088,496. Buying a typical home here with a standard 20% down payment ($217,699) translates to an estimated starting monthly mortgage payment of $3,529 (principal and interest). Compared to the local area median household income of $153,587 ($12,799/mo), this basic housing payment represents approximately 27.6% 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.