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 168 lenders originated 1,306 FHA loans during 2022. The total origination value was $341,350,000, with an average FHA loan value of $261,371.

    Clarksville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Clarksville averaged -0.75% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Clarksville's average FHA mortgage closing costs are $6,859.

    The average rate for the prior week (2023-11-17) was 6.75% and one month ago for the week of 2023-10-20, the average rate was 6.95%.

    The average rate one year ago was 5.88%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.78%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 123 4.42% $9,705
    Mortgage Research Center, LLC 61 4.90% $7,272
    SOUTHWEST FUNDING, LP 54 5.21% $13,317
    UNITED WHOLESALE MORTGAGE, LLC 51 4.81% $10,657
    F&M Bank 44 4.64% $9,319
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 4.40% $8,759
    SWBC MORTGAGE CORPORATION 32 4.95% $8,153
    LOANDEPOT.COM, LLC 29 4.78% $11,688
    STOCKTON MORTGAGE CORPORATION 28 5.50% $8,291
    CMG MORTGAGE, INC. 28 4.75% $11,905
    PENNYMAC LOAN SERVICES, LLC 28 4.53% $9,994
    FREEDOM MORTGAGE CORPORATION 26 4.55% $8,125
    Flagstar Bank, FSB 26 5.04% $8,710
    BROKER SOLUTIONS, INC. 23 4.95% $8,791
    FirstBank 22 4.86% $8,810
    VAN DYK MORTGAGE CORPORATION 20 4.89% $9,447
    Mr. Cooper ( Nationstar Mortgage ) 20 4.72% $11,570
    CROSSCOUNTRY MORTGAGE, LLC 19 5.63% $10,734
    Carrington Mortgage Services, LLC 18 5.01% $10,155
    GUARANTEED RATE, INC. 18 4.92% $9,581
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 18 5.41% $11,144
    CARDINAL FINANCIAL 17 4.84% $11,278
    NFM, INC. 17 5.29% $11,407
    VANDERBILT MORTGAGE AND FINANCE, INC. 15 4.45% $9,481
    LAKEVIEW LOAN SERVICING, LLC 15 4.48% $6,752
    FIRST COMMUNITY MORTGAGE, INC. 13 4.88% $10,191
    U.S. Bank 12 5.09% $7,155
    HOMESIDE FINANCIAL, LLC 12 5.22% $8,721
    CALIBER HOME LOANS, INC. 12 4.54% $10,592
    THE MORTGAGE FIRM, INC. 12 4.77% $10,303
    COMMUNITY MORTGAGE CORPORATION 11 5.00% $8,642
    UNION HOME MORTGAGE CORP. 11 4.39% $8,655
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 4.91% $10,971
    INTERLINC MORTGAGE SERVICES, LLC 10 5.48% $11,985
    MORTGAGE INVESTORS GROUP, INC. 10 4.74% $8,202
    HOME POINT FINANCIAL CORPORATION 9 4.24% $10,742
    ACOPIA, LLC 8 5.38% $11,366
    Bank of England 8 4.73% $11,866
    AMERISAVE MORTGAGE CORPORATION 8 4.64% $10,062
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 5.39% $11,121
    Citizens Bank 7 4.89% $6,585
    RELIANCE FIRST CAPITAL, LLC 7 5.18% $12,540
    Nations Lending Corporation 7 5.36% $10,248
    AMERICAN MORTGAGE SERVICE COMPANY 6 5.23% $8,773
    MOVEMENT MORTGAGE, LLC 6 5.06% $11,751
    AMCAP MORTGAGE, LTD. 6 4.31% $9,982
    Equity Prime Mortgage LLC 5 6.28% $12,350
    CASTLE & COOKE MORTGAGE, LLC 5 4.05% $8,835
    MUTUAL OF OMAHA MORTGAGE, INC. 5 4.55% $9,576
    Century Mortgage Company DBA Century Lending Company 5 5.35% $9,975
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.58% $13,613
    NEWREZ LLC 5 4.75% $7,979
    MID AMERICA MORTGAGE, INC. 5 5.48% $6,349
    Paramount Residential Mortgage Group, Inc. 5 4.60% $9,710
    SECURITYNATIONAL MORTGAGE COMPANY 5 5.60% $11,594
    INTERCOASTAL MORTGAGE COMPANY 5 4.70% $9,710
    Hometown Lenders, Inc. 5 5.70% $13,328
    EVERETT FINANCIAL, INC. 4 4.63% $4,914
    CHURCHILL MORTGAGE CORPORATION 4 4.34% $8,586
    SeaTrust Mortgage Company 4 4.91% $10,256
    SUN WEST MORTGAGE COMPANY, INC. 4 5.16% $13,295
    THRIVE MORTGAGE, LLC 4 6.47% $9,789
    Regions Bank 4 5.72% $8,210
    ZILLOW HOME LOANS, LLC 3 4.71% $9,889
    AMERICAN FINANCING CORPORATION 3 3.79% $8,954
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.67% $8,534
    Bell Bank 3 4.38% $9,518
    DAS Acquisition Company, LLC 3 4.96% $10,654
    First Federal Bank 3 3.96% $8,301
    GENEVA FINANCIAL, LLC 3 5.67% $9,486
    GUARANTY HOME MORTGAGE CORPORATION 3 5.63% $5,247
    Legacy Home Loans, LLC 3 3.75% $7,772
    MILEND, INC. 3 3.38% $12,171
    OCMBC, INC. 3 6.83% $9,990
    PENTAGON FEDERAL CREDIT UNION 3 4.58% $10,857
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.25% $9,438
    T2 FINANCIAL LLC 3 5.83% $14,077
    United Community Bank 3 4.04% $8,387
    GERSHMAN INVESTMENT CORP. 2 4.75% $5,962
    First Guaranty Mortgage Corporation 2 3.44% $6,349
    ALTRA 2 3.94% $9,614
    Fifth Third Bank 2 4.69% $5,343
    Colten Mortgage, LLC 2 4.81% $8,461
    M&T Bank 2 3.88% $9,344
    CERTAINTY HOME LOANS, LLC 2 4.94% $12,011
    NORTHERN MORTGAGE SERVICES, LLC 2 4.81% $4,543
    ACADEMY MORTGAGE CORPORATION 2 4.69% $8,754
    VILLAGE CAPITAL MORTGAGE 2 4.00% $2,817
    Pinnacle Bank 2 4.31% $8,468
    Princeton Mortgage Corporation 2 5.44% $8,869
    BAY EQUITY LLC 2 4.94% $10,802
    RUOFF MORTGAGE COMPANY, INC. 2 4.56% $7,998
    SUCCESS MORTGAGE PARTNERS, INC. 2 4.44% $8,850
    AmRes Corporation 2 5.94% $17,936
    TENNESSEE TRUST MORTGAGE, INC 2 4.81% $9,432
    The First National Bank of Middle Tennessee 2 4.06% $8,741
    Ameris Bank 2 4.50% $9,516
    TOTAL MORTGAGE SERVICES, LLC 2 4.06% $11,691
    Amerifirst Financial, Inc. 2 4.88% $9,890
    GSF Mortgage Corporation 2 5.56% $15,234
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.13% $11,338
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.88% $7,442
    Alcova Mortgage LLC 1 6.00% $11,314
    MLD MORTGAGE INC. 1 6.00% $10,660
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.13% $13,913
    EMBRACE HOME LOANS, INC. 1 5.99% $12,537
    DHI MORTGAGE COMPANY, LTD. 1 5.50% $19,978
    CORNERSTONE HOME LENDING, INC. 1 5.25% $6,297
    The Federal Savings Bank 1 7.63% $11,810
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $13,479
    CIS Financial Services, Inc. 1 6.13% $6,734
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $10,638
    The Home Loan Expert LLC 1 3.63% $12,063
    NBKC BANK 1 3.50% $8,444
    NEW DAY FINANCIAL, LLC 1 5.75% $16,024
    CapStar Bank 1 2.88% $9,903
    CANOPY MORTGAGE, LLC 1 4.50% $13,817
    GoPrime Mortgage, Inc. 1 6.75% $8,329
    Northpointe Bank 1 3.63% $14,118
    The Union Bank Company 1 4.13% $10,485
    PANORAMA MORTGAGE GROUP, LLC 1 5.25% $8,093
    CALCON MUTUAL MORTGAGE LLC 1 4.50% $18,115
    BKCO MORTGAGE, LLC 1 3.50% $6,307
    AmeriHome Mortgage Company, LLC 1 3.63% $7,457
    TJC Mortgage, Inc. 1 4.25% $7,512
    PLANET HOME LENDING, LLC 1 3.13% $9,134
    POLARIS HOME FUNDING CORP. 1 5.38% $12,049
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.50% $6,873
    Wells Fargo Bank 1 5.50% $8,860
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.25% $8,059
    TruHome Solutions, LLC 1 5.63% $16,506
    RADIUS FINANCIAL GROUP INC. 1 5.50% $10,624
    BancorpSouth 1 5.13% $6,614
    Austin Capital Bank SSB 1 4.38% $12,415
    Residential Mortgage Solutions, Inc. 1 6.75% $12,748
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $13,420
    ROYAL UNITED MORTGAGE LLC 1 6.25% $6,495
    GUILD MORTGAGE COMPANY 1 7.13% $15,849
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.25% $16,277
    Assurance Financial Group, L.L.C. 1 2.63% $9,613
    Armed Forces Bank 1 5.75% $11,976
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.13% $4,448
    1ST SIGNATURE LENDING, LLC 1 5.63% $9,190
    ARC HOME LLC 1 2.63% $7,336
    UNITED SECURITY FINANCIAL CORP 1 7.13% $14,583
    First Vision Bank of Tennessee 1 4.50% $15,084
    HOMESPIRE MORTGAGE CORPORATION 1 5.75% $9,761
    HOMESTAR FINANCIAL CORPORATION 1 5.25% $9,848
    Hometown Equity Mortgage, LLC 1 5.00% $23,799
    First Horizon Bank 1 3.63% $6,670
    INLANTA MORTGAGE, INC. 1 6.63% $10,415
    Synovus Bank 1 5.00% $8,802
    First Financial Bank 1 5.63% $6,029
    JLB CORPORATION 1 3.50% $7,035
    JPMorgan Chase Bank 1 5.99% $9,655
    Lakeview Community Capital, LLC 1 4.75% $4,227
    First Federal Bank 1 5.25% $15,030
    LEADERONE FINANCIAL CORPORATION 1 3.62% $16,862
    Wyndham Capital Mortgage, Inc. 1 5.25% $7,832
    Legends Bank 1 5.00% $7,634
    FINANCE OF AMERICA MORTGAGE LLC 1 6.63% $12,606
    LOANPAL, LLC 1 2.38% $12,841
    Loan Simple, Inc. 1 6.75% $10,209
    Luxury Mortgage Corp. 1 5.25% $10,713
    Magnolia Bank 1 5.50% $4,939
    Meridian Bank Corporation 1 3.50% $6,219
    GREAT WESTERN FINANCIAL SERVICES, INC. 1 5.25% $11,556
    MIDLAND MORTGAGE CORPORATION 1 4.63% $11,259

    The top Clarksville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 123 FHA loans originated. Their average total fees are $9,705, which is $2,433 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Clarksville FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($6,752), U.S. Bank ($7,155), Mortgage Research Center, LLC ($7,272), FREEDOM MORTGAGE CORPORATION ($8,125) and SWBC MORTGAGE CORPORATION ($8,153).

    The lowest rate Clarksville FHA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (4.39%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (4.40%), QUICKEN LOANS, LLC (4.42%), VANDERBILT MORTGAGE AND FINANCE, INC. (4.45%) and LAKEVIEW LOAN SERVICING, LLC (4.48%).

    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%) $231,004 (14.7%) 0.80 1,349
    2018-02-01 $217,475 (21.4%) $234,013 (15.5%) 0.79 1,248
    2018-03-01 $215,000 (15.7%) $236,293 (14.6%) 0.75 1,256
    2018-04-01 $218,300 (15.0%) $239,621 (14.7%) 0.74 1,287
    2018-05-01 $220,925 (12.8%) $240,118 (9.2%) 0.74 1,332
    2018-06-01 $216,900 (12.4%) $241,257 (10.3%) 0.72 1,425
    2018-07-01 $216,750 (9.8%) $241,915 (8.4%) 0.72 1,484
    2018-08-01 $219,700 (9.9%) $243,633 (7.1%) 0.74 1,518
    2018-09-01 $221,725 (11.4%) $243,705 (6.3%) 0.75 1,500
    2018-10-01 $223,450 (12.3%) $243,930 (6.5%) 0.76 1,495
    2018-11-01 $227,625 (13.8%) $246,904 (8.5%) 0.77 1,463
    2018-12-01 $230,000 (10.6%) $250,793 (9.6%) 0.79 1,401
    2019-01-01 $230,450 (7.4%) $252,234 (9.2%) 0.80 1,314
    2019-02-01 $238,245 (9.6%) $257,736 (10.1%) 0.81 1,277
    2019-03-01 $245,084 (14.0%) $265,773 (12.5%) 0.80 1,181
    2019-04-01 $251,131 (15.0%) $271,246 (13.2%) 0.80 1,134
    2019-05-01 $252,660 (14.4%) $269,690 (12.3%) 0.79 1,184
    2019-06-01 $252,467 (16.4%) $266,125 (10.3%) 0.79 1,238
    2019-07-01 $253,119 (16.8%) $267,690 (10.7%) 0.79 1,249
    2019-08-01 $251,455 (14.5%) $265,601 (9.0%) 0.80 1,255
    2019-09-01 $250,636 (13.0%) $264,060 (8.4%) 0.80 1,249
    2019-10-01 $250,091 (11.9%) $263,266 (7.9%) 0.81 1,240
    2019-11-01 $249,900 (9.8%) $262,493 (6.3%) 0.82 1,202
    2019-12-01 $249,900 (8.7%) $261,893 (4.4%) 0.83 1,156
    2020-01-01 $249,900 (8.4%) $263,225 (4.4%) 0.84 1,110
    2020-02-01 $249,900 (4.9%) $267,595 (3.8%) 0.82 1,024
    2020-03-01 $251,125 (2.5%) $274,667 (3.4%) 0.79 984
    2020-04-01 $254,185 (1.2%) $277,328 (2.2%) 0.80 1,037
    2020-05-01 $260,900 (3.3%) $288,938 (7.1%) 0.79 930
    2020-06-01 $265,350 (5.1%) $294,081 (10.5%) 0.78 802
    2020-07-01 $262,675 (3.8%) $292,361 (9.2%) 0.76 803
    2020-08-01 $259,900 (3.4%) $288,216 (8.5%) 0.74 675
    2020-09-01 $270,200 (7.8%) $292,752 (10.9%) 0.77 679
    2020-10-01 $284,900 (13.9%) $301,559 (14.6%) 0.82 626
    2020-11-01 $277,223 (10.9%) $302,596 (15.3%) 0.81 583
    2020-12-01 $281,600 (12.7%) $303,530 (15.9%) 0.84 557
    2021-01-01 $280,400 (12.2%) $304,193 (15.6%) 0.84 513
    2021-02-01 $289,800 (16.0%) $315,322 (17.8%) 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 (23.3%) 0.86 326
    2021-05-01 $295,000 (13.1%) $341,786 (18.3%) 0.78 287
    2021-06-01 $288,675 (8.8%) $326,457 (11.0%) 0.76 409
    2021-07-01 $287,900 (9.6%) $331,653 (13.4%) 0.76 483
    2021-08-01 $303,775 (16.9%) $338,718 (17.5%) 0.81 569
    2021-09-01 $318,000 (17.7%) $346,762 (18.5%) 0.85 606
    2021-10-01 $324,450 (13.9%) $349,958 (16.1%) 0.87 665
    2021-11-01 $331,500 (19.6%) $359,555 (18.8%) 0.89 624
    2021-12-01 $325,000 (15.4%) $361,712 (19.2%) 0.88 598
    2022-01-01 $337,400 (20.3%) $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 (20.0%) 0.78 712
    2022-07-01 $359,900 (25.0%) $398,597 (20.2%) 0.81 882
    2022-08-01 $365,000 (20.2%) $398,556 (17.7%) 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 $354,900 (7.1%) $391,970 (9.0%) 0.85 1,276
    2022-12-01 $351,900 (8.3%) $386,843 (7.0%) 0.87 1,252
    2023-01-01 $353,450 (4.8%) $393,078 (3.3%) 0.88 1,222
    2023-02-01 $363,900 (4.5%) $405,150 (4.4%) 0.88 1,091
    2023-03-01 $366,950 (8.0%) $409,162 (3.4%) 0.87 959
    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
    Clarksville's median listing price for 2023-10-01 was $339,575, a difference of $-20,325 (-5.7%) versus the prior year and $-8,825 versus the prior month.

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

    Clarksville's average listing price for 2023-10-01 was $381,874, a difference of $-11,327 (-2.9%) versus the prior year and $-8,746 versus the prior month.

    For the 2023-10-01 period, Clarksville had 1,279 MLS listings, a difference of 81 listings (7%) versus the prior month and 58 listings (5%) 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 2,071 sqft
    2018-02-01 69 days 2,094 sqft
    2018-03-01 46 days 2,073 sqft
    2018-04-01 44 days 2,089 sqft
    2018-05-01 44 days 2,113 sqft
    2018-06-01 47 days 2,095 sqft
    2018-07-01 52 days 2,074 sqft
    2018-08-01 51 days 2,077 sqft
    2018-09-01 53 days 2,109 sqft
    2018-10-01 59 days 2,110 sqft
    2018-11-01 62 days 2,124 sqft
    2018-12-01 71 days 2,150 sqft
    2019-01-01 80 days 2,162 sqft
    2019-02-01 69 days 2,200 sqft
    2019-03-01 56 days 2,239 sqft
    2019-04-01 47 days 2,278 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 2,138 sqft
    2020-01-01 66 days 2,101 sqft
    2020-02-01 52 days 2,122 sqft
    2020-03-01 38 days 2,133 sqft
    2020-04-01 41 days 2,151 sqft
    2020-05-01 51 days 2,160 sqft
    2020-06-01 51 days 2,166 sqft
    2020-07-01 38 days 2,128 sqft
    2020-08-01 33 days 2,120 sqft
    2020-09-01 30 days 2,174 sqft
    2020-10-01 32 days 2,200 sqft
    2020-11-01 41 days 2,188 sqft
    2020-12-01 36 days 2,186 sqft
    2021-01-01 31 days 2,177 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 2,060 sqft
    2022-12-01 54 days 2,051 sqft
    2023-01-01 63 days 2,051 sqft
    2023-02-01 58 days 2,068 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
    Clarksville's median listing age (time on market) for 2023-10-01 was 44 days. This is -13% shorter than the same period one year ago.

    Clarksville's median square footage for active listings during the 2023-10-01 period was 1,910 sqft. One year prior, the average listing was 2,065 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).