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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 | 6.982%APR 7.021% | 0 pts$0 | $1,110/moP&I $1,110 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.068%APR 6.841% | 0 pts$0 | $1,105/moP&I $1,027 · MI $78 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.220%APR 6.277% | 0 pts$0 | $1,026/moP&I $1,026 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.992%APR 7.031% | 0 pts$0 | $1,111/moP&I $1,111 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.714% | 0 pts$0 | $1,183/moP&I $1,183 · 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 | 6.220% | 6.277% | 0 pts ($0) | $1,430/mo | $29,231 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.073% | 6.129% | 0 pts ($0) | $1,771/mo | $39,722 |
Condo 10% Down | 10% | 720 credit score | 7.311% | 7.486% | 0 pts ($0) | $1,290/mo | $45,435 |
Conventional 10% Down | 10% | 720 credit score | 6.803% | 6.965% | 0 pts ($0) | $1,226/mo | $42,556 |
Conventional 20% Down | 20% | 740 credit score | 6.982% | 7.021% | 0 pts ($0) | $1,110/mo | $34,467 |
Conventional 5% Down | 5% | 700 credit score | 7.121% | 7.607% | 0 pts ($0) | $1,337/mo | $46,822 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.431% | 7.473% | 0 pts ($0) | $1,451/mo | $49,987 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,236/mo | $41,887 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.840% | 7.220% | 0 pts ($0) | $1,326/mo | $47,915 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.992% | 7.031% | 0 pts ($0) | $1,389/mo | $47,221 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,724/mo | $41,102 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.068% | 6.841% | 0 pts ($0) | $1,239/mo | $43,573 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,266/mo | $44,310 |
FHA Streamline Refi | 0% | 640 credit score | 6.263% | 7.039% | 0 pts ($0) | $1,311/mo | $46,399 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.084% | 7.332% | 0 pts ($0) | $1,332/mo | $48,387 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,307/mo | $25,589 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.714% | 0 pts ($0) | $1,109/mo | $35,352 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,126/mo | $35,188 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,215/mo | $37,246 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.433% | 7.212% | 0 pts ($0) | $1,287/mo | $45,824 |
Second Home 10% Down | 10% | 720 credit score | 6.077% | 6.655% | 0 pts ($0) | $1,137/mo | $38,448 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,099/mo | $33,974 |
VA 0% Down | 0% | 700 credit score | 6.090% | 6.337% | 0 pts ($0) | $1,292/mo | $42,772 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.449% | 0 pts ($0) | $1,290/mo | $42,688 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.085% | 6.240% | 0 pts ($0) | $1,291/mo | $42,740 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,150/mo | $36,367 |
Frequently Asked Questions
What are today's mortgage rates in 37313, Gruetli-Laager, TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37313, Gruetli-Laager, TN is 6.982% (with an estimated monthly payment of $1,627). Active program rates also include FHA 30-year fixed loans at 6.068% and VA 0%-down fixed loans at 6.090%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37313, Gruetli-Laager, 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 37313, Gruetli-Laager, 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 37313, Gruetli-Laager, TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $208,907 in 37313, Gruetli-Laager, TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $41,781 but keeps your monthly payment lower at $1,627/mo (at 6.982% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,312 (3.5% down) but has an estimated payment of $1,816/mo (at 6.068% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $201,595 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 37313 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37313 is $806,501. With a typical local home value of $208,907 in Gruetli-Laager, a standard 20%-down mortgage requires a loan size of $167,126. 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 37313, Gruetli-Laager, TN impact estimated mortgage payments?
The median home value in 37313, Gruetli-Laager, TN is estimated at $208,907. Buying a typical home here with a standard 20% down payment ($41,781) translates to an estimated starting monthly mortgage payment of $1,627 (principal and interest). Compared to the local area median household income of $49,262 ($4,105/mo), this basic housing payment represents approximately 39.6% 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.