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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.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.559%APR 6.568% | 0 pts$0 | $3,424/moP&I $3,424 · 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 | 5.790%APR 5.804% | 0 pts$0 | $3,155/moP&I $3,155 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.503%APR 6.512% | 0 pts$0 | $3,404/moP&I $3,404 · MI $0 | See details |
| Investment Property FixedConforming | 7.484%APR 7.495% | 0 pts$0 | $3,758/moP&I $3,758 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | FICO | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
| 15-Year Conforming Purchase | 20% | 740 FICO | 5.790% | 5.804% | 0 pts ($0) | $4,482/mo | $87,456 |
| 15-Year Rate/Term Refi | 0% | 740 FICO | 5.779% | 5.793% | 0 pts ($0) | $5,599/mo | $122,228 |
| Condo 10% Down | 10% | 720 FICO | 6.963% | 7.100% | 0 pts ($0) | $4,014/mo | $140,001 |
| Conventional 10% Down | 10% | 720 FICO | 6.386% | 6.514% | 0 pts ($0) | $3,783/mo | $129,477 |
| Conventional 20% Down | 20% | 740 FICO | 6.559% | 6.568% | 0 pts ($0) | $3,424/mo | $104,166 |
| Conventional 5% Down | 5% | 700 FICO | 6.896% | 7.343% | 0 pts ($0) | $4,209/mo | $146,488 |
| Conventional Cash-Out Refi | 0% | 740 FICO | 7.229% | 7.239% | 0 pts ($0) | $4,581/mo | $156,917 |
| Conventional High Balance | 10% | 740 FICO | 6.965% | 6.973% | 0 pts ($0) | $4,015/mo | $136,404 |
| Conventional HomeReady 3% | 3% | 660 FICO | 6.426% | 6.764% | 0 pts ($0) | $4,094/mo | $146,208 |
| Conventional Rate/Term Refi | 0% | 740 FICO | 6.503% | 6.512% | 0 pts ($0) | $4,255/mo | $142,195 |
| FHA 15-Year Fixed 3.5% Down | 3.5% | 680 FICO | 5.936% | 6.686% | 0 pts ($0) | $5,553/mo | $132,396 |
| FHA 3.5% Down | 3.5% | 680 FICO | 5.931% | 6.676% | 0 pts ($0) | $3,932/mo | $137,636 |
| FHA Streamline (Excellent Credit) | 0% | 740 FICO | 5.936% | 6.686% | 0 pts ($0) | $4,077/mo | $142,731 |
| FHA Streamline Refi | 0% | 640 FICO | 5.931% | 6.676% | 0 pts ($0) | $4,075/mo | $142,628 |
| House Hacking Conforming 5% | 5% | 680 FICO | 6.864% | 7.078% | 0 pts ($0) | $4,195/mo | $151,625 |
| Investment 15-Year Fixed 25% Down | 25% | 740 FICO | 5.820% | 5.855% | 0 pts ($0) | $4,210/mo | $82,428 |
| Investment Property 25% Down | 25% | 740 FICO | 7.484% | 7.495% | 0 pts ($0) | $3,523/mo | $111,729 |
| Jumbo Conforming | 20% | 760 FICO | 6.663% | 6.670% | 0 pts ($0) | $3,461/mo | $105,852 |
| Jumbo Elite Premium 10% Down | 10% | 760 FICO | 6.712% | 6.741% | 0 pts ($0) | $3,913/mo | $119,977 |
| Lower Credit FHA 3.5% | 3.5% | 580 FICO | 5.940% | 6.685% | 0 pts ($0) | $3,936/mo | $137,815 |
| Second Home 10% Down | 10% | 720 FICO | 5.944% | 6.492% | 0 pts ($0) | $3,609/mo | $121,428 |
| Second Home 20% Down | 20% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,540/mo | $109,436 |
| VA 0% Down | 0% | 700 FICO | 5.954% | 6.173% | 0 pts ($0) | $4,101/mo | $134,967 |
| VA Cash-Out Refi | 0% | 640 FICO | 5.960% | 6.302% | 0 pts ($0) | $4,104/mo | $135,091 |
| VA IRRRL Streamline Refi | 0% | 640 FICO | 5.973% | 6.101% | 0 pts ($0) | $4,109/mo | $135,359 |
| VA Military 10% Down | 10% | 720 FICO | 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 6.559% (with an estimated monthly payment of $3,439). Active program rates also include FHA 30-year fixed loans at 5.931% and VA 0%-down fixed loans at 5.954%. 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 $3,439/mo (at 6.559% interest) with no monthly PMI. In comparison, an FHA loan requires only $23,553 (3.5% down) but has an estimated payment of $3,950/mo (at 5.931% 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 $3,439 (principal and interest). Compared to the local area median household income of $110,260 ($9,188/mo), this basic housing payment represents approximately 37.4% 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.