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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
Exceeds local FHA limit of $541,287
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 | 6.786%APR 6.792% | 0 pts$0 | $3,505/moP&I $3,505 · MI $0 | See details |
| FHA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.838%APR 5.847% | 0 pts$0 | $3,172/moP&I $3,172 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.573%APR 6.579% | 0 pts$0 | $3,429/moP&I $3,429 · MI $0 | See details |
| Investment Property FixedConforming | 7.509%APR 7.516% | 0 pts$0 | $3,768/moP&I $3,768 · 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 | 5.838% | 5.847% | 0 pts ($0) | $4,496/mo | $88,203 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.828% | 5.837% | 0 pts ($0) | $5,616/mo | $123,182 |
Condo 10% Down | 10% | 720 credit score | 6.979% | 7.112% | 0 pts ($0) | $4,021/mo | $140,294 |
Conventional 10% Down | 10% | 720 credit score | 6.430% | 6.554% | 0 pts ($0) | $3,800/mo | $130,279 |
Conventional 20% Down | 20% | 740 credit score | 6.786% | 6.792% | 0 pts ($0) | $3,505/mo | $107,847 |
Conventional 5% Down | 5% | 700 credit score | 6.914% | 7.357% | 0 pts ($0) | $4,216/mo | $146,835 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.274% | 7.280% | 0 pts ($0) | $4,602/mo | $157,830 |
Conventional High Balance | 10% | 740 credit score | 6.981% | 6.985% | 0 pts ($0) | $4,022/mo | $136,696 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.469% | 6.805% | 0 pts ($0) | $4,112/mo | $147,053 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.573% | 6.579% | 0 pts ($0) | $4,286/mo | $143,613 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,553/mo | $132,396 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.959% | 6.701% | 0 pts ($0) | $3,944/mo | $138,192 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,077/mo | $142,731 |
FHA Streamline Refi | 0% | 640 credit score | 5.959% | 6.701% | 0 pts ($0) | $4,087/mo | $143,204 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.887% | 7.098% | 0 pts ($0) | $4,205/mo | $152,069 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,210/mo | $82,428 |
Investment Property 25% Down | 25% | 740 credit score | 7.509% | 7.516% | 0 pts ($0) | $3,532/mo | $112,109 |
Jumbo Conforming | 20% | 760 credit score | 6.810% | 6.814% | 0 pts ($0) | $3,513/mo | $108,236 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,913/mo | $119,977 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 5.968% | 6.710% | 0 pts ($0) | $3,948/mo | $138,371 |
Second Home 10% Down | 10% | 720 credit score | 5.972% | 6.518% | 0 pts ($0) | $3,620/mo | $121,938 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,540/mo | $109,436 |
VA 0% Down | 0% | 700 credit score | 5.982% | 6.198% | 0 pts ($0) | $4,113/mo | $135,545 |
VA Cash-Out Refi | 0% | 640 credit score | 5.987% | 6.326% | 0 pts ($0) | $4,116/mo | $135,649 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.000% | 6.125% | 0 pts ($0) | $4,121/mo | $135,917 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,703/mo | $117,146 |
Frequently Asked Questions
What are today's mortgage rates in 37206, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37206, Nashville-Davidson Metropolitan Government (Balance), TN is 6.786% (with an estimated monthly payment of $3,520). Active program rates also include FHA 30-year fixed loans at 5.959% and VA 0%-down fixed loans at 5.982%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37206, 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 37206, 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 37206, 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 $672,932 in 37206, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $134,586 but keeps your monthly payment lower at $3,520/mo (at 6.786% interest) with no monthly PMI. In comparison, an FHA loan requires only $23,553 (3.5% down) but has an estimated payment of $3,962/mo (at 5.959% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $649,379 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 37206 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37206 is $806,501. With a typical local home value of $672,932 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $538,346. 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 37206, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37206, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $672,932. Buying a typical home here with a standard 20% down payment ($134,586) translates to an estimated starting monthly mortgage payment of $3,520 (principal and interest). Compared to the local area median household income of $110,260 ($9,188/mo), this basic housing payment represents approximately 38.3% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.