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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 | 6.935%APR 6.949% | 0 pts$0 | $3,542/moP&I $3,542 · 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 | 6.038%APR 6.060% | 0 pts$0 | $3,226/moP&I $3,226 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.945%APR 6.959% | 0 pts$0 | $3,546/moP&I $3,546 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.672% | 0 pts$0 | $3,793/moP&I $3,793 · 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 | 6.038% | 6.060% | 0 pts ($0) | $4,533/mo | $90,902 |
| 15-Year Rate/Term Refi | 0% | 740 FICO | 5.954% | 5.976% | 0 pts ($0) | $5,636/mo | $125,061 |
| Condo 10% Down | 10% | 720 FICO | 7.293% | 7.441% | 0 pts ($0) | $4,130/mo | $145,362 |
| Conventional 10% Down | 10% | 720 FICO | 6.533% | 6.667% | 0 pts ($0) | $3,824/mo | $131,554 |
| Conventional 20% Down | 20% | 740 FICO | 6.935% | 6.949% | 0 pts ($0) | $3,542/mo | $109,760 |
| Conventional 5% Down | 5% | 700 FICO | 6.002% | 6.700% | 0 pts ($0) | $3,816/mo | $128,698 |
| Conventional Cash-Out Refi | 0% | 740 FICO | 7.415% | 7.430% | 0 pts ($0) | $4,645/mo | $159,959 |
| Conventional High Balance | 10% | 740 FICO | 6.965% | 6.973% | 0 pts ($0) | $3,997/mo | $135,782 |
| Conventional HomeReady 3% | 3% | 660 FICO | 6.576% | 6.922% | 0 pts ($0) | $4,139/mo | $148,474 |
| Conventional Rate/Term Refi | 0% | 740 FICO | 6.945% | 6.959% | 0 pts ($0) | $4,432/mo | $150,465 |
| FHA 15-Year Fixed 3.5% Down | 3.5% | 680 FICO | 5.936% | 6.686% | 0 pts ($0) | $5,528/mo | $131,792 |
| FHA 3.5% Down | 3.5% | 680 FICO | 6.000% | 6.750% | 0 pts ($0) | $3,943/mo | $138,371 |
| FHA Streamline (Excellent Credit) | 0% | 740 FICO | 5.936% | 6.686% | 0 pts ($0) | $4,058/mo | $142,079 |
| FHA Streamline Refi | 0% | 640 FICO | 6.000% | 6.750% | 0 pts ($0) | $4,086/mo | $143,390 |
| House Hacking Conforming 5% | 5% | 680 FICO | 7.021% | 7.242% | 0 pts ($0) | $4,243/mo | $153,945 |
| Investment 15-Year Fixed 25% Down | 25% | 740 FICO | 5.820% | 5.855% | 0 pts ($0) | $4,191/mo | $82,052 |
| Investment Property 25% Down | 25% | 740 FICO | 7.625% | 7.672% | 0 pts ($0) | $3,556/mo | $113,357 |
| Jumbo Conforming | 20% | 760 FICO | 6.663% | 6.670% | 0 pts ($0) | $3,445/mo | $105,369 |
| Jumbo Elite Premium 10% Down | 10% | 760 FICO | 6.712% | 6.741% | 0 pts ($0) | $3,895/mo | $119,430 |
| Lower Credit FHA 3.5% | 3.5% | 580 FICO | 6.009% | 6.759% | 0 pts ($0) | $3,947/mo | $138,549 |
| Second Home 10% Down | 10% | 720 FICO | 6.007% | 6.561% | 0 pts ($0) | $3,617/mo | $122,015 |
| Second Home 20% Down | 20% | 740 FICO | 6.884% | 6.900% | 0 pts ($0) | $3,524/mo | $108,937 |
| VA 0% Down | 0% | 700 FICO | 6.094% | 6.319% | 0 pts ($0) | $4,144/mo | $137,230 |
| VA Cash-Out Refi | 0% | 640 FICO | 6.071% | 6.420% | 0 pts ($0) | $4,134/mo | $136,757 |
| VA IRRRL Streamline Refi | 0% | 640 FICO | 6.078% | 6.212% | 0 pts ($0) | $4,137/mo | $136,901 |
| VA Military 10% Down | 10% | 720 FICO | 6.067% | 6.143% | 0 pts ($0) | $3,686/mo | $116,612 |
Frequently Asked Questions
What are today's mortgage rates in 37219, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37219, Nashville-Davidson Metropolitan Government (Balance), TN is 6.935% (with an estimated monthly payment of $1,619). Active program rates also include FHA 30-year fixed loans at 6.000% and VA 0%-down fixed loans at 6.094%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37219, 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 37219, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.871% and a high of 7.124%. 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 37219, 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 $669,861 in 37219, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $133,972 but keeps your monthly payment lower at $1,619/mo (at 6.935% interest) with no monthly PMI. In comparison, an FHA loan requires only $23,445 (3.5% down) but has an estimated payment of $1,803/mo (at 6.000% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $646,416 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 37219 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37219 is $806,501. With a typical local home value of $669,861 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $535,889. 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 37219, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37219, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $669,861. Buying a typical home here with a standard 20% down payment ($133,972) translates to an estimated starting monthly mortgage payment of $1,619 (principal and interest). Compared to the local area median household income of $96,725 ($8,060/mo), this basic housing payment represents approximately 20.1% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.