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 132 lenders originated 1,254 FHA loans during 2024. The total origination value was $329,890,000, with an average FHA loan value of $263,070.

    Clarksville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Clarksville averaged -0.1% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Clarksville's average FHA mortgage closing costs are $7,908.

    The average rate for the prior week (2025-06-13) was 6.48% and one month ago for the week of 2025-05-16, the average rate was 6.54%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.34%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 96 6.35% $10,937
    UNITED WHOLESALE MORTGAGE, LLC 76 6.06% $13,792
    GUARANTEED RATE, INC. 74 6.30% $11,359
    STOCKTON MORTGAGE CORPORATION 53 6.54% $9,891
    Mortgage Research Center, LLC 52 6.26% $6,426
    FREEDOM MORTGAGE CORPORATION 46 6.26% $11,555
    BROKER SOLUTIONS, INC. 44 6.82% $11,076
    CMG MORTGAGE, INC. 38 6.53% $13,546
    GERSHMAN INVESTMENT CORP. 34 5.89% $9,925
    Flagstar Bank, FSB 33 6.33% $11,162
    FIRST COMMUNITY MORTGAGE, INC. 28 6.44% $12,112
    Legends Bank 28 6.13% $10,864
    PENNYMAC LOAN SERVICES, LLC 24 6.10% $11,281
    LOANDEPOT.COM, LLC 24 6.39% $11,921
    SOUTHWEST FUNDING, LP 21 6.79% $11,773
    CROSSCOUNTRY MORTGAGE, LLC 15 6.21% $14,033
    Legacy Home Loans, LLC 15 6.29% $11,674
    Equity Prime Mortgage LLC 14 6.94% $14,607
    U.S. Bank 14 6.38% $10,070
    MOVEMENT MORTGAGE, LLC 14 6.20% $11,212
    SWBC MORTGAGE CORPORATION 14 6.49% $6,909
    GUILD MORTGAGE COMPANY 13 6.90% $10,295
    Renasant Bank 13 6.35% $9,360
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 6.60% $11,872
    LAKEVIEW LOAN SERVICING, LLC 12 6.46% $8,919
    MORTGAGE INVESTORS GROUP, INC. 12 6.33% $11,759
    First Federal Bank 12 6.17% $9,466
    Mr. Cooper ( Nationstar Mortgage ) 11 6.59% $13,172
    AMERISAVE MORTGAGE CORPORATION 11 6.09% $13,809
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.81% $10,883
    VAN DYK MORTGAGE CORPORATION 10 6.66% $8,248
    Carrington Mortgage Services, LLC 10 6.30% $14,959
    AMERICAN FINANCIAL NETWORK, INC. 10 6.80% $12,914
    CARDINAL FINANCIAL 9 6.54% $11,759
    NEWREZ LLC 9 6.28% $9,854
    AmeriHome Mortgage Company, LLC 8 6.40% $6,165
    VILLAGE CAPITAL MORTGAGE 7 6.66% $8,403
    COMMUNITY MORTGAGE CORPORATION 7 6.38% $10,154
    Ixonia Bank 7 6.82% $11,974
    FirstBank 6 6.67% $10,825
    Nations Lending Corporation 6 6.60% $8,840
    EAGLE HOME MORTGAGE, LLC 6 4.21% $12,056
    PENTAGON FEDERAL CREDIT UNION 6 5.79% $12,104
    Ameris Bank 6 6.90% $11,209
    FIRST COLONY MORTGAGE CORPORATION 6 6.71% $8,935
    ZILLOW HOME LOANS, LLC 6 6.46% $13,051
    SUN WEST MORTGAGE COMPANY, INC. 5 5.84% $16,929
    ISERVE RESIDENTIAL LENDING, LLC 5 6.50% $14,743
    United Community Bank 5 6.45% $11,312
    PLANET HOME LENDING, LLC 5 6.30% $5,723
    Regions Bank 5 6.35% $10,556
    GARDNER FINANCIAL SERVICES, LTD. 5 6.90% $11,817
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.56% $8,500
    Magnolia Bank 4 6.19% $11,545
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.69% $14,499
    INTERCOASTAL MORTGAGE COMPANY 4 5.78% $10,507
    PLAZA HOME MORTGAGE, INC. 4 6.41% $16,120
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.59% $14,100
    Midwest Mortgage Associates Corporation 4 6.06% $8,374
    SeaTrust Mortgage Company 4 6.25% $9,427
    MID AMERICA MORTGAGE, INC. 4 6.94% $7,869
    ROYAL UNITED MORTGAGE LLC 3 6.75% $11,522
    GMFS LLC 3 6.25% $8,126
    Prosperity Home Mortgage, LLC 3 6.33% $10,356
    HOMESIDE FINANCIAL, LLC 3 6.50% $11,205
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.88% $14,027
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.25% $13,152
    LEADERONE FINANCIAL CORPORATION 3 6.29% $16,236
    MILEND, INC. 3 6.75% $11,598
    DELMAR FINANCIAL COMPANY 3 6.29% $8,398
    ALTRA 3 5.79% $10,451
    First Horizon Bank 2 6.00% $11,295
    M&T Bank 2 6.19% $8,314
    NVR Mortgage Finance, Inc. 2 5.94% $12,818
    EVERETT FINANCIAL, INC. 2 6.00% $9,562
    Commerce Home Mortgage, Inc. 2 6.06% $8,209
    Bank of Tennessee 2 6.13% $11,507
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $9,820
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.06% $10,935
    NATIONS RELIABLE LENDING, LLC 2 5.69% $10,104
    Century Mortgage Company DBA Century Lending Company 2 6.94% $8,681
    JPMorgan Chase Bank 2 6.25% $7,720
    Pinnacle Bank 2 6.00% $10,679
    Old National Bank 2 6.00% $7,713
    RELIANCE FIRST CAPITAL, LLC 2 6.25% $16,752
    BAY EQUITY LLC 1 6.13% $15,504
    CANOPY MORTGAGE, LLC 1 6.25% $9,685
    Capital City Home Loans, LLC 1 6.25% $20,592
    CapStar Bank 1 6.50% $8,617
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $14,068
    Citibank 1 6.25% $7,779
    Citizens Bank 1 6.88% $5,088
    City Lending Inc. 1 6.63% $8,202
    Barrington Bank & Trust Company, N.A. 1 6.25% $12,895
    Community Bank of Mississippi 1 6.75% $13,410
    1ST SIGNATURE LENDING, LLC 1 6.63% $10,152
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.25% $10,491
    EVANSVILLE TEACHERS 1 6.75% $12,539
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $18,367
    First Federal Bank 1 5.38% $15,512
    First Financial Bank 1 6.13% $7,891
    BancorpSouth 1 6.38% $9,434
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $5,890
    AmRes Corporation 1 7.75% $6,714
    Home Mortgage Alliance Corp 1 6.25% $18,460
    Hometown Equity Mortgage, LLC 1 6.75% $10,645
    INTELLILOAN, INC. 1 5.50% $6,668
    INTERLINC MORTGAGE SERVICES, LLC 1 6.63% $9,672
    JMAC LENDING, INC. 1 6.63% $13,623
    LADERA LENDING, INC. 1 7.13% $9,381
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $12,727
    MICHIGAN MUTUAL, INC. 1 6.63% $10,584
    MLB RESIDENTIAL LENDING, LLC 1 6.50% $8,600
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.99% $17,370
    NEW DAY FINANCIAL, LLC 1 7.50% $5,030
    NEXERA HOLDING LLC 1 6.38% $8,503
    NFM, INC. 1 6.50% $18,377
    OCMBC, INC. 1 6.25% $2,378
    American Mortgage & Equity Consultants, Inc. 1 6.75% $11,002
    PREMIER LENDING, INC. 1 6.75% $7,359
    RUOFF MORTGAGE COMPANY, INC. 1 6.38% $8,430
    The Federal Savings Bank 1 6.75% $10,805
    The Loan Store, Inc. 1 6.63% $7,612
    TJC Mortgage, Inc. 1 5.88% $14,965
    TOP FLITE FINANCIAL, INC. 1 6.99% $25,868
    TOTAL MORTGAGE SERVICES, LLC 1 6.25% $15,629
    TOWNE MORTGAGE COMPANY 1 6.75% $13,604
    Truist 1 6.70% $7,783
    UNION HOME MORTGAGE CORP. 1 7.13% $12,609
    Alcova Mortgage LLC 1 6.88% $7,397
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.38% $11,363
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $16,253

    The top Clarksville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 96 FHA loans originated. Their average total fees are $10,937, which is $2,855 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 ($6,426), SWBC MORTGAGE CORPORATION ($6,909), VAN DYK MORTGAGE CORPORATION ($8,248), LAKEVIEW LOAN SERVICING, LLC ($8,919) and Renasant Bank ($9,360).

    The lowest rate Clarksville FHA lenders (with over 10 loans originated) are GERSHMAN INVESTMENT CORP. (5.89%), UNITED WHOLESALE MORTGAGE, LLC (6.06%), AMERISAVE MORTGAGE CORPORATION (6.09%), PENNYMAC LOAN SERVICES, LLC (6.10%) and Legends Bank (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

    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).