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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 | 6.888%APR 6.924% | 0 pts$0 | $2,358/moP&I $2,358 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.029%APR 6.799% | 0 pts$0 | $2,360/moP&I $2,193 · MI $167 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.976%APR 6.026% | 0 pts$0 | $2,143/moP&I $2,143 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.918%APR 6.954% | 0 pts$0 | $2,365/moP&I $2,365 · MI $0 | See details |
| Investment Property FixedConforming | 7.609%APR 7.650% | 0 pts$0 | $2,533/moP&I $2,533 · 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 | 5.976% | 6.026% | 0 pts ($0) | $3,020/mo | $60,154 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.933% | 5.983% | 0 pts ($0) | $3,764/mo | $83,371 |
Condo 10% Down | 10% | 720 credit score | 7.124% | 7.292% | 0 pts ($0) | $2,716/mo | $95,165 |
Conventional 10% Down | 10% | 720 credit score | 6.585% | 6.740% | 0 pts ($0) | $2,571/mo | $88,617 |
Conventional 20% Down | 20% | 740 credit score | 6.888% | 6.924% | 0 pts ($0) | $2,358/mo | $72,902 |
Conventional 5% Down | 5% | 700 credit score | 6.999% | 7.477% | 0 pts ($0) | $2,831/mo | $98,848 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.330% | 7.369% | 0 pts ($0) | $3,081/mo | $105,835 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $2,686/mo | $91,397 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.796% | 7.171% | 0 pts ($0) | $2,832/mo | $102,182 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.918% | 6.954% | 0 pts ($0) | $2,956/mo | $100,269 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,697/mo | $88,145 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.029% | 6.799% | 0 pts ($0) | $2,646/mo | $92,929 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,714/mo | $95,025 |
FHA Streamline Refi | 0% | 640 credit score | 6.210% | 6.983% | 0 pts ($0) | $2,795/mo | $98,780 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.976% | 7.220% | 0 pts ($0) | $2,825/mo | $102,384 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,803/mo | $54,878 |
Investment Property 25% Down | 25% | 740 credit score | 7.609% | 7.650% | 0 pts ($0) | $2,375/mo | $75,653 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $2,397/mo | $74,663 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,605/mo | $79,877 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.399% | 7.175% | 0 pts ($0) | $2,751/mo | $97,823 |
Second Home 10% Down | 10% | 720 credit score | 6.053% | 6.628% | 0 pts ($0) | $2,431/mo | $82,163 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,357/mo | $72,859 |
VA 0% Down | 0% | 700 credit score | 6.023% | 6.266% | 0 pts ($0) | $2,751/mo | $90,805 |
VA Cash-Out Refi | 0% | 640 credit score | 6.035% | 6.403% | 0 pts ($0) | $2,754/mo | $90,970 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.059% | 6.211% | 0 pts ($0) | $2,761/mo | $91,300 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,465/mo | $77,992 |
Frequently Asked Questions
What are today's mortgage rates in 37211, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37211, Nashville-Davidson Metropolitan Government (Balance), TN is 6.888% (with an estimated monthly payment of $2,371). Active program rates also include FHA 30-year fixed loans at 6.029% and VA 0%-down fixed loans at 6.023%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37211, 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 37211, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.504% and a high of 6.967%. 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 37211, 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 $448,015 in 37211, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $89,603 but keeps your monthly payment lower at $2,371/mo (at 6.888% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,681 (3.5% down) but has an estimated payment of $2,661/mo (at 6.029% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $432,334 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 37211 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37211 is $806,501. With a typical local home value of $448,015 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $358,412. 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 37211, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37211, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $448,015. Buying a typical home here with a standard 20% down payment ($89,603) translates to an estimated starting monthly mortgage payment of $2,371 (principal and interest). Compared to the local area median household income of $73,053 ($6,088/mo), this basic housing payment represents approximately 38.9% 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.