Clarksville FHA Loan Rates, Closing Costs & Stats

CLARKSVILLE, TN-KY

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Clarksville's 147 lenders originated 1,104 FHA loans during 2023. The total origination value was $276,850,000, with an average FHA loan value of $250,770.

    Clarksville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Clarksville averaged 5.71% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Clarksville's average FHA mortgage closing costs are $7,415.

    The average rate for the prior week (2024-12-06) was 5.98% and one month ago for the week of 2024-11-08, the average rate was 6.25%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.45%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Clarksville FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Clarksville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 98 6.22% $10,633
    UNITED WHOLESALE MORTGAGE, LLC 67 6.15% $13,674
    Mortgage Research Center, LLC 59 6.26% $6,067
    GUARANTEED RATE, INC. 47 6.20% $12,379
    STOCKTON MORTGAGE CORPORATION 43 6.58% $10,164
    F&M Bank 41 5.95% $10,832
    Flagstar Bank, FSB 38 6.46% $10,792
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 25 6.11% $12,131
    PENNYMAC LOAN SERVICES, LLC 24 6.16% $13,394
    CROSSCOUNTRY MORTGAGE, LLC 22 6.73% $11,351
    BROKER SOLUTIONS, INC. 22 6.62% $11,264
    SWBC MORTGAGE CORPORATION 20 6.38% $6,519
    HOMESIDE FINANCIAL, LLC 19 6.75% $10,128
    CMG MORTGAGE, INC. 19 6.39% $15,034
    FIRST COMMUNITY MORTGAGE, INC. 17 6.57% $11,656
    CARDINAL FINANCIAL 17 6.39% $12,555
    MORTGAGE INVESTORS GROUP, INC. 17 6.45% $10,111
    LOANDEPOT.COM, LLC 15 6.28% $11,775
    PENTAGON FEDERAL CREDIT UNION 14 5.61% $10,574
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.72% $10,332
    Mr. Cooper ( Nationstar Mortgage ) 13 6.13% $12,722
    U.S. Bank 12 6.40% $7,400
    Regions Bank 12 6.18% $10,441
    SeaTrust Mortgage Company 11 6.10% $10,276
    FREEDOM MORTGAGE CORPORATION 11 6.98% $13,572
    FirstBank 10 6.24% $12,881
    VAN DYK MORTGAGE CORPORATION 10 6.24% $6,963
    Century Mortgage Company DBA Century Lending Company 9 6.44% $14,737
    AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.62% $13,689
    THRIVE MORTGAGE, LLC 9 6.47% $11,604
    CHURCHILL MORTGAGE CORPORATION 9 6.26% $11,015
    Plains Commerce Bank 8 6.52% $11,721
    COMMUNITY MORTGAGE CORPORATION 8 5.97% $11,953
    ACOPIA, LLC 7 6.46% $12,199
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.55% $8,994
    Ameris Bank 7 6.16% $9,558
    AMERISAVE MORTGAGE CORPORATION 6 6.06% $13,314
    CANOPY MORTGAGE, LLC 6 6.27% $18,483
    LAKEVIEW LOAN SERVICING, LLC 6 6.00% $13,195
    MILEND, INC. 5 6.98% $11,695
    T2 FINANCIAL LLC 5 6.58% $11,436
    GERSHMAN INVESTMENT CORP. 5 6.90% $9,351
    NEWREZ LLC 4 6.34% $7,821
    ISERVE RESIDENTIAL LENDING, LLC 4 7.00% $14,511
    THE MORTGAGE FIRM, INC. 4 5.47% $12,418
    Carrington Mortgage Services, LLC 4 6.22% $10,329
    SUN WEST MORTGAGE COMPANY, INC. 4 6.38% $17,529
    Citizens Bank 4 5.72% $7,673
    RELIANCE FIRST CAPITAL, LLC 4 6.19% $16,338
    First Federal Bank 4 6.56% $10,426
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.22% $18,331
    GUARANTY HOME MORTGAGE CORPORATION 4 6.13% $8,608
    United Community Bank 4 7.13% $11,527
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.38% $9,198
    Renasant Bank 3 7.13% $5,714
    CapStar Bank 3 6.83% $9,219
    VILLAGE CAPITAL MORTGAGE 3 6.50% $8,720
    Wells Fargo Bank 3 6.13% $6,524
    GARDNER FINANCIAL SERVICES, LTD. 3 7.17% $13,057
    MID AMERICA MORTGAGE, INC. 3 6.96% $5,542
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $17,913
    TOP FLITE FINANCIAL, INC. 3 7.38% $9,077
    NFM, INC. 3 6.79% $6,583
    Paramount Residential Mortgage Group, Inc. 3 6.91% $16,733
    Legends Bank 3 6.66% $14,945
    OCMBC, INC. 3 6.67% $12,675
    AMERICAN FINANCIAL NETWORK, INC. 3 7.63% $14,264
    FirstTrust Home Loans, Inc. 3 7.08% $7,363
    EVERETT FINANCIAL, INC. 3 7.25% $8,938
    The Federal Savings Bank 2 6.31% $14,944
    ACADEMY MORTGAGE CORPORATION 2 7.38% $9,811
    BancorpSouth 2 6.63% $9,806
    BAY EQUITY LLC 2 6.25% $9,266
    Bell Bank 2 6.75% $12,187
    ENDEAVOR CAPITAL, LLC. 2 6.87% $7,532
    Equity Prime Mortgage LLC 2 7.13% $13,613
    FIRST COLONY MORTGAGE CORPORATION 2 6.50% $7,652
    First Federal Bank 2 6.25% $10,855
    FLAT BRANCH MORTGAGE, INC. 2 7.69% $8,547
    INTERLINC MORTGAGE SERVICES, LLC 2 6.31% $4,815
    JPMorgan Chase Bank 2 6.06% $7,490
    Legacy Home Loans, LLC 2 6.38% $8,357
    LIBERTY HOME MORTGAGE CORPORATION 2 6.81% $12,285
    LOANPAL, LLC 2 6.38% $10,697
    MOVEMENT MORTGAGE, LLC 2 6.25% $8,279
    Nations Lending Corporation 2 6.75% $8,601
    PLANET HOME LENDING, LLC 2 6.13% $6,415
    Prosperity Home Mortgage, LLC 2 6.44% $11,616
    ROYAL UNITED MORTGAGE LLC 2 7.31% $8,582
    Simmons Bank 2 6.06% $7,441
    Truist 2 6.18% $7,061
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 5.88% $12,019
    M&T Bank 1 6.75% $8,738
    INTERNATIONAL CITY MORTGAGE, INC. 1 6.38% $11,456
    AMCAP MORTGAGE, LTD. 1 6.49% $12,555
    NATIONS RELIABLE LENDING, LLC 1 5.88% $10,181
    Independent Bank 1 4.88% $25,823
    HOMESTAR FINANCIAL CORPORATION 1 6.25% $8,552
    NORTHERN MORTGAGE SERVICES, LLC 1 6.75% $7,882
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.38% $10,039
    GUILD MORTGAGE COMPANY 1 6.13% $6,398
    Franklin Loan Corporation 1 6.63% $8,179
    First Vision Bank of Tennessee 1 6.75% $13,480
    PHH Mortgage Corporation 1 7.13% $11,849
    Pinnacle Bank 1 6.13% $8,538
    First Financial Bank 1 7.13% $15,744
    US MORTGAGE CORPORATION 1 6.25% $15,677
    PLAZA HOME MORTGAGE, INC. 1 6.13% $7,351
    EVANSVILLE TEACHERS 1 6.00% $7,131
    ALTRA 1 6.49% $15,687
    EMM LOANS LLC 1 5.88% $11,948
    RANLIFE, INC. 1 5.74% $16,095
    DELMAR FINANCIAL COMPANY 1 6.88% $10,229
    DATA MORTGAGE, INC. 1 6.38% $13,933
    Cornerstone First Mortgage, Inc 1 6.99% $16,251
    ROSS MORTGAGE CORPORATION 1 6.50% $10,571
    VERITAS FUNDING, LLC 1 7.25% $12,919
    S1L, Inc. 1 7.25% $7,794
    COMMUNITY MORTGAGE, LLC 1 7.00% $10,125
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $11,439
    Alcova Mortgage LLC 1 5.75% $4,540
    SOUTHWEST STAGE FUNDING, LLC 1 6.88% $21,673
    Colonial Savings, F.A. 1 6.50% $12,223
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.88% $11,952
    Sunflower Bank 1 6.49% $7,446
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $12,642
    CALCON MUTUAL MORTGAGE LLC 1 6.50% $7,932
    BAY-VALLEY MORTGAGE GROUP 1 5.75% $17,707
    1ST SIGNATURE LENDING, LLC 1 7.75% $16,176
    The First National Bank of Middle Tennessee 1 6.75% $12,298
    The Huntington National Bank 1 6.63% $15,555
    The Loan Store, Inc. 1 5.75% $8,657
    Bank of Tennessee 1 5.75% $9,380
    Bank of England 1 6.25% $8,012
    Bank of America 1 7.75% $1,919
    TOTAL MORTGAGE SERVICES, LLC 1 5.25% $10,123
    ALAMEDA MORTGAGE CORPORATION 1 6.13% $6,360
    AmeriHome Mortgage Company, LLC 1 6.63% $12,516
    Wilson Bank And Trust 1 7.13% $5,412
    MANN FINANCIAL INC. 1 6.25% $14,958
    Magnolia Bank 1 7.75% $7,721
    Loan Simple, Inc. 1 6.63% $10,516
    LEADERONE FINANCIAL CORPORATION 1 5.50% $10,702
    LAND HOME FINANCIAL SERVICES, INC. 1 5.88% $9,003
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $4,944
    AMERICAN FINANCING CORPORATION 1 5.75% $15,489
    Kwik Mortgage Corporation 1 5.75% $22,309

    The top Clarksville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 98 FHA loans originated. Their average total fees are $10,633, which is $3,041 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Clarksville FHA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,067), SWBC MORTGAGE CORPORATION ($6,519), VAN DYK MORTGAGE CORPORATION ($6,963), U.S. Bank ($7,400) and MORTGAGE INVESTORS GROUP, INC. ($10,111).

    The lowest rate Clarksville FHA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.61%), F&M Bank (5.95%), SeaTrust Mortgage Company (6.10%), HIGHLANDS RESIDENTIAL MORTGAGE, LTD. (6.11%) and Mr. Cooper ( Nationstar Mortgage ) (6.13%).

    Clarksville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CLARKSVILLE, TN-KY CHRISTIAN 2022 $420,680 $538,650 $651,050 $809,150
    CLARKSVILLE, TN-KY TRIGG 2022 $420,680 $538,650 $651,050 $809,150
    CLARKSVILLE, TN-KY MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    CLARKSVILLE, TN-KY STEWART 2022 $420,680 $538,650 $651,050 $809,150
    CLARKSVILLE, TN-KY CHRISTIAN 2023 $472,030 $604,400 $730,525 $907,900
    CLARKSVILLE, TN-KY TRIGG 2023 $472,030 $604,400 $730,525 $907,900
    CLARKSVILLE, TN-KY MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    CLARKSVILLE, TN-KY STEWART 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clarksville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $214,650 (24.3%) $231,160 (14.6%) 0.80 1,351
    2018-02-01 $218,375 (21.7%) $234,174 (15.4%) 0.79 1,250
    2018-03-01 $216,000 (15.1%) $236,801 (14.6%) 0.76 1,260
    2018-04-01 $219,425 (15.6%) $240,047 (14.7%) 0.74 1,290
    2018-05-01 $221,063 (12.5%) $240,444 (9.2%) 0.74 1,333
    2018-06-01 $216,995 (11.9%) $241,450 (10.2%) 0.72 1,428
    2018-07-01 $216,963 (9.1%) $242,157 (8.4%) 0.72 1,485
    2018-08-01 $219,700 (9.9%) $243,933 (7.2%) 0.74 1,519
    2018-09-01 $221,950 (11.4%) $243,972 (6.3%) 0.75 1,502
    2018-10-01 $223,450 (12.3%) $244,075 (6.5%) 0.76 1,496
    2018-11-01 $227,750 (13.5%) $247,037 (8.5%) 0.77 1,464
    2018-12-01 $230,000 (10.3%) $250,930 (9.7%) 0.79 1,403
    2019-01-01 $230,450 (7.4%) $252,376 (9.2%) 0.80 1,315
    2019-02-01 $238,700 (9.3%) $258,167 (10.3%) 0.81 1,280
    2019-03-01 $245,114 (13.5%) $266,157 (12.4%) 0.80 1,183
    2019-04-01 $251,139 (14.5%) $271,578 (13.1%) 0.80 1,136
    2019-05-01 $252,895 (14.4%) $269,777 (12.2%) 0.79 1,186
    2019-06-01 $252,467 (16.4%) $266,125 (10.2%) 0.79 1,238
    2019-07-01 $253,410 (16.8%) $267,760 (10.6%) 0.79 1,250
    2019-08-01 $251,541 (14.5%) $265,678 (8.9%) 0.80 1,256
    2019-09-01 $250,674 (12.9%) $264,151 (8.3%) 0.80 1,250
    2019-10-01 $250,096 (11.9%) $263,355 (7.9%) 0.81 1,241
    2019-11-01 $249,900 (9.7%) $262,572 (6.3%) 0.82 1,203
    2019-12-01 $249,900 (8.7%) $261,891 (4.4%) 0.83 1,157
    2020-01-01 $249,900 (8.4%) $263,158 (4.3%) 0.84 1,110
    2020-02-01 $249,900 (4.7%) $267,537 (3.6%) 0.82 1,025
    2020-03-01 $251,125 (2.5%) $274,693 (3.2%) 0.79 985
    2020-04-01 $254,185 (1.2%) $277,297 (2.1%) 0.80 1,039
    2020-05-01 $260,900 (3.2%) $289,090 (7.2%) 0.79 933
    2020-06-01 $265,350 (5.1%) $294,112 (10.5%) 0.78 802
    2020-07-01 $262,925 (3.8%) $292,442 (9.2%) 0.76 803
    2020-08-01 $259,900 (3.3%) $288,216 (8.5%) 0.74 678
    2020-09-01 $270,500 (7.9%) $292,941 (10.9%) 0.78 681
    2020-10-01 $285,000 (14.0%) $301,826 (14.6%) 0.82 629
    2020-11-01 $277,450 (11.0%) $302,863 (15.3%) 0.81 585
    2020-12-01 $282,200 (12.9%) $303,865 (16.0%) 0.84 559
    2021-01-01 $280,650 (12.3%) $304,300 (15.6%) 0.84 514
    2021-02-01 $289,800 (16.0%) $315,322 (17.9%) 0.84 463
    2021-03-01 $312,800 (24.6%) $331,260 (20.6%) 0.89 365
    2021-04-01 $316,950 (24.7%) $342,040 (23.4%) 0.86 326
    2021-05-01 $295,000 (13.1%) $341,786 (18.2%) 0.78 287
    2021-06-01 $288,675 (8.8%) $326,996 (11.2%) 0.76 409
    2021-07-01 $287,900 (9.5%) $332,150 (13.6%) 0.76 484
    2021-08-01 $303,775 (16.9%) $338,945 (17.6%) 0.81 569
    2021-09-01 $318,000 (17.6%) $346,762 (18.4%) 0.85 606
    2021-10-01 $324,450 (13.8%) $349,958 (16.0%) 0.87 665
    2021-11-01 $331,500 (19.5%) $359,555 (18.7%) 0.89 624
    2021-12-01 $325,000 (15.2%) $361,712 (19.0%) 0.88 598
    2022-01-01 $337,400 (20.2%) $380,527 (25.1%) 0.91 483
    2022-02-01 $348,100 (20.1%) $388,166 (23.1%) 0.91 405
    2022-03-01 $339,700 (8.6%) $395,600 (19.4%) 0.85 373
    2022-04-01 $335,000 (5.7%) $395,970 (15.8%) 0.80 399
    2022-05-01 $347,450 (17.8%) $396,911 (16.1%) 0.79 526
    2022-06-01 $351,950 (21.9%) $391,844 (19.8%) 0.78 712
    2022-07-01 $359,900 (25.0%) $398,597 (20.0%) 0.81 882
    2022-08-01 $365,000 (20.2%) $398,556 (17.6%) 0.84 1,087
    2022-09-01 $357,500 (12.4%) $395,325 (14.0%) 0.84 1,175
    2022-10-01 $359,900 (10.9%) $393,201 (12.4%) 0.85 1,221
    2022-11-01 $354,675 (7.0%) $391,895 (9.0%) 0.85 1,276
    2022-12-01 $351,900 (8.3%) $386,758 (6.9%) 0.87 1,253
    2023-01-01 $352,975 (4.6%) $392,990 (3.3%) 0.87 1,223
    2023-02-01 $363,900 (4.5%) $405,037 (4.4%) 0.88 1,092
    2023-03-01 $366,950 (8.0%) $409,099 (3.4%) 0.87 960
    2023-04-01 $360,000 (7.5%) $405,461 (2.4%) 0.84 906
    2023-05-01 $362,925 (4.5%) $403,846 (1.8%) 0.82 935
    2023-06-01 $362,825 (3.1%) $407,174 (3.9%) 0.82 950
    2023-07-01 $360,000 (0.0%) $408,367 (2.5%) 0.82 1,066
    2023-08-01 $356,000 (-2.5%) $404,690 (1.5%) 0.82 1,162
    2023-09-01 $348,400 (-2.6%) $390,620 (-1.2%) 0.81 1,198
    2023-10-01 $339,575 (-5.7%) $381,874 (-2.9%) 0.80 1,279
    2023-11-01 $337,250 (-4.9%) $383,746 (-2.1%) 0.80 1,335
    2023-12-01 $330,000 (-6.2%) $381,215 (-1.4%) 0.80 1,283
    2024-01-01 $324,900 (-8.0%) $377,736 (-3.9%) 0.79 1,136
    2024-02-01 $318,975 (-12.4%) $375,918 (-7.2%) 0.77 1,124
    2024-03-01 $325,000 (-11.4%) $377,623 (-7.7%) 0.76 1,174
    2024-04-01 $330,000 (-8.3%) $381,222 (-6.0%) 0.77 1,257
    2024-05-01 $334,950 (-7.7%) $387,598 (-4.0%) 0.76 1,353
    2024-06-01 $334,900 (-7.7%) $388,191 (-4.7%) 0.75 1,430
    2024-07-01 $334,975 (-7.0%) $388,836 (-4.8%) 0.77 1,538
    2024-08-01 $334,950 (-5.9%) $385,157 (-4.8%) 0.78 1,604
    2024-09-01 $333,998 (-4.1%) $385,623 (-1.3%) 0.79 1,652
    2024-10-01 $331,450 (-2.4%) $379,776 (-0.6%) 0.78 1,687
    2024-11-01 $334,900 (-0.7%) $386,156 (0.6%) 0.80 1,763
    Clarksville's median listing price for 2024-11-01 was $334,900, a difference of $-2,350 (-0.7%) versus the prior year and $3,450 versus the prior month.

    Clarksville's median listing price comes in at 80% of the national average.

    Clarksville's average listing price for 2024-11-01 was $386,156, a difference of $2,410 (0.6%) versus the prior year and $6,380 versus the prior month.

    For the 2024-11-01 period, Clarksville had 1,763 MLS listings, a difference of 76 listings (5%) versus the prior month and 428 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clarksville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 69 days 2,073 sqft
    2018-02-01 69 days 2,099 sqft
    2018-03-01 46 days 2,080 sqft
    2018-04-01 44 days 2,093 sqft
    2018-05-01 44 days 2,117 sqft
    2018-06-01 47 days 2,098 sqft
    2018-07-01 52 days 2,076 sqft
    2018-08-01 51 days 2,084 sqft
    2018-09-01 53 days 2,110 sqft
    2018-10-01 59 days 2,112 sqft
    2018-11-01 62 days 2,125 sqft
    2018-12-01 71 days 2,150 sqft
    2019-01-01 81 days 2,163 sqft
    2019-02-01 69 days 2,200 sqft
    2019-03-01 56 days 2,241 sqft
    2019-04-01 47 days 2,279 sqft
    2019-05-01 44 days 2,248 sqft
    2019-06-01 41 days 2,238 sqft
    2019-07-01 45 days 2,237 sqft
    2019-08-01 47 days 2,205 sqft
    2019-09-01 49 days 2,174 sqft
    2019-10-01 50 days 2,151 sqft
    2019-11-01 59 days 2,144 sqft
    2019-12-01 66 days 2,139 sqft
    2020-01-01 66 days 2,100 sqft
    2020-02-01 52 days 2,123 sqft
    2020-03-01 38 days 2,134 sqft
    2020-04-01 41 days 2,151 sqft
    2020-05-01 51 days 2,162 sqft
    2020-06-01 51 days 2,166 sqft
    2020-07-01 38 days 2,128 sqft
    2020-08-01 33 days 2,121 sqft
    2020-09-01 30 days 2,175 sqft
    2020-10-01 32 days 2,200 sqft
    2020-11-01 41 days 2,188 sqft
    2020-12-01 36 days 2,188 sqft
    2021-01-01 31 days 2,179 sqft
    2021-02-01 25 days 2,196 sqft
    2021-03-01 24 days 2,248 sqft
    2021-04-01 18 days 2,230 sqft
    2021-05-01 10 days 2,157 sqft
    2021-06-01 11 days 2,044 sqft
    2021-07-01 19 days 2,050 sqft
    2021-08-01 18 days 2,089 sqft
    2021-09-01 24 days 2,091 sqft
    2021-10-01 26 days 2,092 sqft
    2021-11-01 32 days 2,110 sqft
    2021-12-01 40 days 2,076 sqft
    2022-01-01 44 days 2,111 sqft
    2022-02-01 21 days 2,100 sqft
    2022-03-01 16 days 2,062 sqft
    2022-04-01 12 days 2,033 sqft
    2022-05-01 15 days 2,049 sqft
    2022-06-01 20 days 2,044 sqft
    2022-07-01 23 days 2,067 sqft
    2022-08-01 32 days 2,089 sqft
    2022-09-01 40 days 2,072 sqft
    2022-10-01 50 days 2,065 sqft
    2022-11-01 50 days 2,059 sqft
    2022-12-01 54 days 2,050 sqft
    2023-01-01 63 days 2,050 sqft
    2023-02-01 58 days 2,067 sqft
    2023-03-01 48 days 2,067 sqft
    2023-04-01 39 days 2,050 sqft
    2023-05-01 37 days 2,048 sqft
    2023-06-01 37 days 2,051 sqft
    2023-07-01 36 days 2,031 sqft
    2023-08-01 42 days 2,000 sqft
    2023-09-01 46 days 1,937 sqft
    2023-10-01 44 days 1,910 sqft
    2023-11-01 47 days 1,900 sqft
    2023-12-01 55 days 1,840 sqft
    2024-01-01 65 days 1,807 sqft
    2024-02-01 47 days 1,722 sqft
    2024-03-01 40 days 1,751 sqft
    2024-04-01 36 days 1,807 sqft
    2024-05-01 38 days 1,841 sqft
    2024-06-01 44 days 1,864 sqft
    2024-07-01 45 days 1,847 sqft
    2024-08-01 46 days 1,831 sqft
    2024-09-01 58 days 1,810 sqft
    2024-10-01 64 days 1,800 sqft
    2024-11-01 70 days 1,803 sqft
    Clarksville's median listing age (time on market) for 2024-11-01 was 70 days. This is 51% longer than the same period one year ago.

    Clarksville's median square footage for active listings during the 2024-11-01 period was 1,803 sqft. One year prior, the average listing was 1,900 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).