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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 | 6.906%APR 6.942% | 0 pts$0 | $1,209/moP&I $1,209 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $1,197/moP&I $1,112 · MI $86 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.005%APR 6.056% | 0 pts$0 | $1,100/moP&I $1,100 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.862%APR 6.899% | 0 pts$0 | $1,203/moP&I $1,203 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.671% | 0 pts$0 | $1,298/moP&I $1,298 · 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 | 6.005% | 6.056% | 0 pts ($0) | $1,548/mo | $30,937 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.985% | 6.037% | 0 pts ($0) | $1,933/mo | $43,009 |
Condo 10% Down | 10% | 720 credit score | 7.182% | 7.352% | 0 pts ($0) | $1,398/mo | $49,060 |
Conventional 10% Down | 10% | 720 credit score | 6.608% | 6.764% | 0 pts ($0) | $1,319/mo | $45,491 |
Conventional 20% Down | 20% | 740 credit score | 6.906% | 6.942% | 0 pts ($0) | $1,209/mo | $37,406 |
Conventional 5% Down | 5% | 700 credit score | 7.023% | 7.502% | 0 pts ($0) | $1,452/mo | $50,742 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.349% | 7.388% | 0 pts ($0) | $1,579/mo | $54,291 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $1,375/mo | $46,771 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.818% | 7.194% | 0 pts ($0) | $1,452/mo | $52,437 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.862% | 6.899% | 0 pts ($0) | $1,504/mo | $50,924 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,892/mo | $45,107 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $1,341/mo | $46,966 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,389/mo | $48,628 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.830% | 0 pts ($0) | $1,407/mo | $49,490 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.991% | 7.235% | 0 pts ($0) | $1,448/mo | $52,492 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,434/mo | $28,083 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.671% | 0 pts ($0) | $1,217/mo | $38,797 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $1,227/mo | $38,208 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,333/mo | $40,876 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.299% | 7.074% | 0 pts ($0) | $1,393/mo | $49,382 |
Second Home 10% Down | 10% | 720 credit score | 5.946% | 6.519% | 0 pts ($0) | $1,230/mo | $41,383 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,206/mo | $37,284 |
VA 0% Down | 0% | 700 credit score | 6.052% | 6.296% | 0 pts ($0) | $1,412/mo | $46,672 |
VA Cash-Out Refi | 0% | 640 credit score | 6.064% | 6.433% | 0 pts ($0) | $1,414/mo | $46,757 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.070% | 6.223% | 0 pts ($0) | $1,415/mo | $46,799 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,262/mo | $39,911 |
Frequently Asked Questions
What are today's mortgage rates in 38552, , TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 38552, , TN is 6.906% (with an estimated monthly payment of $2,180). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.052%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 38552, , 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 38552, , TN have fluctuated between a low of 6.533% and a high of 6.985%. 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 38552, , TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $229,265 in 38552, , TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $45,853 but keeps your monthly payment lower at $2,180/mo (at 6.906% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,024 (3.5% down) but has an estimated payment of $2,419/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $221,241 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 38552 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 38552 is $806,501. With a typical local home value of $229,265 in , a standard 20%-down mortgage requires a loan size of $183,412. 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 38552, , TN impact estimated mortgage payments?
The median home value in 38552, , TN is estimated at $229,265. Buying a typical home here with a standard 20% down payment ($45,853) translates to an estimated starting monthly mortgage payment of $2,180 (principal and interest). Compared to the local area median household income of $71,932 ($5,994/mo), this basic housing payment represents approximately 36.4% 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.