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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 | 6.849%APR 6.883% | 0 pts$0 | $2,908/moP&I $2,908 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.980%APR 6.748% | 0 pts$0 | $2,909/moP&I $2,702 · MI $207 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.911%APR 5.959% | 0 pts$0 | $2,636/moP&I $2,636 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.888%APR 6.923% | 0 pts$0 | $2,919/moP&I $2,919 · MI $0 | See details |
| Investment Property FixedConforming | 7.547%APR 7.586% | 0 pts$0 | $3,118/moP&I $3,118 · 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 | 5.911% | 5.959% | 0 pts ($0) | $3,724/mo | $73,652 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.877% | 5.925% | 0 pts ($0) | $4,645/mo | $102,337 |
Condo 10% Down | 10% | 720 credit score | 7.065% | 7.230% | 0 pts ($0) | $3,344/mo | $116,953 |
Conventional 10% Down | 10% | 720 credit score | 6.540% | 6.693% | 0 pts ($0) | $3,169/mo | $109,056 |
Conventional 20% Down | 20% | 740 credit score | 6.849% | 6.883% | 0 pts ($0) | $2,908/mo | $89,752 |
Conventional 5% Down | 5% | 700 credit score | 6.973% | 7.449% | 0 pts ($0) | $3,497/mo | $121,989 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.293% | 7.330% | 0 pts ($0) | $3,801/mo | $130,434 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $3,326/mo | $113,175 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.753% | 7.127% | 0 pts ($0) | $3,491/mo | $125,833 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.888% | 6.923% | 0 pts ($0) | $3,649/mo | $123,659 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,578/mo | $109,148 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.980% | 6.748% | 0 pts ($0) | $3,259/mo | $114,270 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,361/mo | $117,668 |
FHA Streamline Refi | 0% | 640 credit score | 6.111% | 6.881% | 0 pts ($0) | $3,425/mo | $120,637 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.946% | 7.188% | 0 pts ($0) | $3,487/mo | $126,303 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,471/mo | $67,954 |
Investment Property 25% Down | 25% | 740 credit score | 7.547% | 7.586% | 0 pts ($0) | $2,923/mo | $92,901 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $2,968/mo | $92,454 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,226/mo | $98,910 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.350% | 7.124% | 0 pts ($0) | $3,389/mo | $120,330 |
Second Home 10% Down | 10% | 720 credit score | 5.995% | 6.567% | 0 pts ($0) | $2,992/mo | $100,871 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,918/mo | $90,220 |
VA 0% Down | 0% | 700 credit score | 5.977% | 6.219% | 0 pts ($0) | $3,389/mo | $111,659 |
VA Cash-Out Refi | 0% | 640 credit score | 5.984% | 6.349% | 0 pts ($0) | $3,392/mo | $111,778 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.999% | 6.149% | 0 pts ($0) | $3,397/mo | $112,034 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,053/mo | $96,576 |
Frequently Asked Questions
What are today's mortgage rates in 37208, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37208, Nashville-Davidson Metropolitan Government (Balance), TN is 6.849% (with an estimated monthly payment of $2,871). Active program rates also include FHA 30-year fixed loans at 5.980% and VA 0%-down fixed loans at 5.977%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37208, 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 37208, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.470% and a high of 6.931%. 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 37208, 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 $554,768 in 37208, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $110,954 but keeps your monthly payment lower at $2,871/mo (at 6.849% interest) with no monthly PMI. In comparison, an FHA loan requires only $19,417 (3.5% down) but has an estimated payment of $3,217/mo (at 5.980% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $535,351 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 37208 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37208 is $806,501. With a typical local home value of $554,768 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $443,814. 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 37208, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37208, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $554,768. Buying a typical home here with a standard 20% down payment ($110,954) translates to an estimated starting monthly mortgage payment of $2,871 (principal and interest). Compared to the local area median household income of $58,529 ($4,877/mo), this basic housing payment represents approximately 58.9% 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.