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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 | 6.832%APR 6.866% | 0 pts$0 | $3,195/moP&I $3,195 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.958%APR 6.725% | 0 pts$0 | $3,194/moP&I $2,967 · MI $228 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.878%APR 5.925% | 0 pts$0 | $2,891/moP&I $2,891 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.868%APR 6.902% | 0 pts$0 | $3,207/moP&I $3,207 · MI $0 | See details |
| Investment Property FixedConforming | 7.517%APR 7.556% | 0 pts$0 | $3,421/moP&I $3,421 · 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 | 5.878% | 5.925% | 0 pts ($0) | $4,090/mo | $80,602 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.862% | 5.909% | 0 pts ($0) | $5,107/mo | $112,377 |
Condo 10% Down | 10% | 720 credit score | 7.033% | 7.197% | 0 pts ($0) | $3,668/mo | $128,199 |
Conventional 10% Down | 10% | 720 credit score | 6.518% | 6.670% | 0 pts ($0) | $3,480/mo | $119,673 |
Conventional 20% Down | 20% | 740 credit score | 6.832% | 6.866% | 0 pts ($0) | $3,195/mo | $98,539 |
Conventional 5% Down | 5% | 700 credit score | 6.958% | 7.431% | 0 pts ($0) | $3,843/mo | $134,010 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.274% | 7.311% | 0 pts ($0) | $4,176/mo | $143,218 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $3,661/mo | $124,571 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.709% | 7.080% | 0 pts ($0) | $3,826/mo | $137,718 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.868% | 6.902% | 0 pts ($0) | $4,009/mo | $135,743 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,039/mo | $120,139 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.958% | 6.725% | 0 pts ($0) | $3,579/mo | $125,380 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,700/mo | $129,516 |
FHA Streamline Refi | 0% | 640 credit score | 6.081% | 6.850% | 0 pts ($0) | $3,758/mo | $132,224 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.931% | 7.172% | 0 pts ($0) | $3,833/mo | $138,759 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,820/mo | $74,796 |
Investment Property 25% Down | 25% | 740 credit score | 7.517% | 7.556% | 0 pts ($0) | $3,208/mo | $101,841 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $3,267/mo | $101,763 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,551/mo | $108,869 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.321% | 7.094% | 0 pts ($0) | $3,719/mo | $131,923 |
Second Home 10% Down | 10% | 720 credit score | 5.971% | 6.542% | 0 pts ($0) | $3,285/mo | $110,632 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,212/mo | $99,304 |
VA 0% Down | 0% | 700 credit score | 5.956% | 6.197% | 0 pts ($0) | $3,722/mo | $122,509 |
VA Cash-Out Refi | 0% | 640 credit score | 5.962% | 6.326% | 0 pts ($0) | $3,725/mo | $122,621 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.975% | 6.125% | 0 pts ($0) | $3,730/mo | $122,865 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,360/mo | $106,301 |
Frequently Asked Questions
What are today's mortgage rates in 37209, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37209, Nashville-Davidson Metropolitan Government (Balance), TN is 6.832% (with an estimated monthly payment of $3,212). Active program rates also include FHA 30-year fixed loans at 5.958% and VA 0%-down fixed loans at 5.956%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37209, 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 37209, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.453% and a high of 6.913%. 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 37209, 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 $610,630 in 37209, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $122,126 but keeps your monthly payment lower at $3,212/mo (at 6.832% interest) with no monthly PMI. In comparison, an FHA loan requires only $21,372 (3.5% down) but has an estimated payment of $3,598/mo (at 5.958% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $589,258 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 37209 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37209 is $806,501. With a typical local home value of $610,630 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $488,504. 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 37209, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37209, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $610,630. Buying a typical home here with a standard 20% down payment ($122,126) translates to an estimated starting monthly mortgage payment of $3,212 (principal and interest). Compared to the local area median household income of $86,104 ($7,175/mo), this basic housing payment represents approximately 44.8% 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.