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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 | 6.875%APR 6.910% | 0 pts$0 | $2,073/moP&I $2,073 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.013%APR 6.782% | 0 pts$0 | $2,075/moP&I $1,928 · MI $147 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.959%APR 6.009% | 0 pts$0 | $1,883/moP&I $1,883 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.908%APR 6.944% | 0 pts$0 | $2,080/moP&I $2,080 · MI $0 | See details |
| Investment Property FixedConforming | 7.593%APR 7.634% | 0 pts$0 | $2,226/moP&I $2,226 · 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 | 5.959% | 6.009% | 0 pts ($0) | $2,656/mo | $52,800 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.915% | 5.965% | 0 pts ($0) | $3,310/mo | $73,189 |
Condo 10% Down | 10% | 720 credit score | 7.112% | 7.279% | 0 pts ($0) | $2,388/mo | $83,649 |
Conventional 10% Down | 10% | 720 credit score | 6.573% | 6.728% | 0 pts ($0) | $2,261/mo | $77,884 |
Conventional 20% Down | 20% | 740 credit score | 6.875% | 6.910% | 0 pts ($0) | $2,073/mo | $64,055 |
Conventional 5% Down | 5% | 700 credit score | 6.994% | 7.471% | 0 pts ($0) | $2,491/mo | $86,963 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.320% | 7.358% | 0 pts ($0) | $2,709/mo | $93,051 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $2,365/mo | $80,460 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.784% | 7.159% | 0 pts ($0) | $2,490/mo | $89,816 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.908% | 6.944% | 0 pts ($0) | $2,600/mo | $88,151 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,255/mo | $77,597 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.013% | 6.782% | 0 pts ($0) | $2,325/mo | $81,622 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,390/mo | $83,654 |
FHA Streamline Refi | 0% | 640 credit score | 6.178% | 6.950% | 0 pts ($0) | $2,452/mo | $86,573 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.968% | 7.211% | 0 pts ($0) | $2,485/mo | $90,042 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,467/mo | $48,311 |
Investment Property 25% Down | 25% | 740 credit score | 7.593% | 7.634% | 0 pts ($0) | $2,087/mo | $66,457 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $2,110/mo | $65,728 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,293/mo | $70,318 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.385% | 7.161% | 0 pts ($0) | $2,419/mo | $85,954 |
Second Home 10% Down | 10% | 720 credit score | 6.036% | 6.610% | 0 pts ($0) | $2,136/mo | $72,150 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,075/mo | $64,140 |
VA 0% Down | 0% | 700 credit score | 6.008% | 6.251% | 0 pts ($0) | $2,418/mo | $79,757 |
VA Cash-Out Refi | 0% | 640 credit score | 6.019% | 6.386% | 0 pts ($0) | $2,420/mo | $79,891 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.042% | 6.194% | 0 pts ($0) | $2,426/mo | $80,169 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,170/mo | $68,659 |
Frequently Asked Questions
What are today's mortgage rates in 37229, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37229, Nashville-Davidson Metropolitan Government (Balance), TN is 6.875% (with an estimated monthly payment of $2,485). Active program rates also include FHA 30-year fixed loans at 6.013% and VA 0%-down fixed loans at 6.008%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37229, 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 37229, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.497% and a high of 6.957%. 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 37229, 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 $394,403 in 37229, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $78,881 but keeps your monthly payment lower at $2,485/mo (at 6.875% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,804 (3.5% down) but has an estimated payment of $2,788/mo (at 6.013% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $380,599 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 37229 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37229 is $806,501. With a typical local home value of $394,403 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $315,522. 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 37229, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37229, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $394,403. Buying a typical home here with a standard 20% down payment ($78,881) translates to an estimated starting monthly mortgage payment of $2,485 (principal and interest). Compared to the local area median household income of $71,528 ($5,961/mo), this basic housing payment represents approximately 41.7% 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.