Clarksville FHA Loan Rates, Closing Costs & Stats

CLARKSVILLE, TN-KY

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).