Select your Scenario
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.
See Safe Rate's top scoring lenders for Soddy Daisy
We rank active Soddy Daisy lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.899%APR 6.935% | 0 pts$0 | $2,061/moP&I $2,061 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.048%APR 6.819% | 0 pts$0 | $2,065/moP&I $1,919 · MI $146 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.997%APR 6.048% | 0 pts$0 | $1,876/moP&I $1,876 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.853%APR 6.889% | 0 pts$0 | $2,052/moP&I $2,052 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.667% | 0 pts$0 | $2,216/moP&I $2,216 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 5.997% | 6.048% | 0 pts ($0) | $2,641/mo | $52,727 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.966% | 6.018% | 0 pts ($0) | $3,295/mo | $73,188 |
Condo 10% Down | 10% | 720 credit score | 7.160% | 7.329% | 0 pts ($0) | $2,381/mo | $83,497 |
Conventional 10% Down | 10% | 720 credit score | 6.599% | 6.755% | 0 pts ($0) | $2,249/mo | $77,544 |
Conventional 20% Down | 20% | 740 credit score | 6.899% | 6.935% | 0 pts ($0) | $2,061/mo | $63,775 |
Conventional 5% Down | 5% | 700 credit score | 7.014% | 7.492% | 0 pts ($0) | $2,477/mo | $86,500 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.342% | 7.381% | 0 pts ($0) | $2,694/mo | $92,575 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,316/mo | $78,454 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.810% | 7.186% | 0 pts ($0) | $2,477/mo | $89,403 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.853% | 6.889% | 0 pts ($0) | $2,565/mo | $86,806 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,229/mo | $76,984 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.048% | 6.819% | 0 pts ($0) | $2,315/mo | $81,381 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,371/mo | $82,993 |
FHA Streamline Refi | 0% | 640 credit score | 6.248% | 7.022% | 0 pts ($0) | $2,451/mo | $86,727 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.985% | 7.229% | 0 pts ($0) | $2,469/mo | $89,520 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,448/mo | $47,929 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.667% | 0 pts ($0) | $2,077/mo | $66,215 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,109/mo | $65,907 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,275/mo | $69,762 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.415% | 7.192% | 0 pts ($0) | $2,407/mo | $85,621 |
Second Home 10% Down | 10% | 720 credit score | 5.944% | 6.516% | 0 pts ($0) | $2,099/mo | $70,606 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,058/mo | $63,633 |
VA 0% Down | 0% | 700 credit score | 6.041% | 6.285% | 0 pts ($0) | $2,407/mo | $79,523 |
VA Cash-Out Refi | 0% | 640 credit score | 6.053% | 6.422% | 0 pts ($0) | $2,410/mo | $79,667 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.068% | 6.220% | 0 pts ($0) | $2,414/mo | $79,848 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,153/mo | $68,116 |
Frequently Asked Questions
What are today's mortgage rates in 37379, Soddy-Daisy, TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37379, Soddy-Daisy, TN is 6.899% (with an estimated monthly payment of $2,248). Active program rates also include FHA 30-year fixed loans at 6.048% and VA 0%-down fixed loans at 6.041%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37379, Soddy-Daisy, 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 37379, Soddy-Daisy, TN have fluctuated between a low of 6.522% and a high of 6.978%. 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 37379, Soddy-Daisy, TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $391,285 in 37379, Soddy-Daisy, TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $78,257 but keeps your monthly payment lower at $2,248/mo (at 6.899% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,695 (3.5% down) but has an estimated payment of $2,525/mo (at 6.048% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $377,590 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 37379 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37379 is $806,501. With a typical local home value of $391,285 in Soddy-Daisy, a standard 20%-down mortgage requires a loan size of $313,028. 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 37379, Soddy-Daisy, TN impact estimated mortgage payments?
The median home value in 37379, Soddy-Daisy, TN is estimated at $391,285. Buying a typical home here with a standard 20% down payment ($78,257) translates to an estimated starting monthly mortgage payment of $2,248 (principal and interest). Compared to the local area median household income of $89,714 ($7,476/mo), this basic housing payment represents approximately 30.1% 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.