Nashville FHA Loan Rates, Closing Costs & Stats

NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN

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.

Nashville's 251 lenders originated 6,304 FHA loans during 2022. The total origination value was $2,005,560,000, with an average FHA loan value of $318,141.

Nashville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Nashville averaged 6.28% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Nashville's average FHA mortgage closing costs are $8,689.

The average rate for the prior week (2024-02-23) was 5.97% and one month ago for the week of 2024-01-26, the average rate was 6.07%.

The average rate one year ago was 6.09%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.41%.

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

Nashville 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 Nashville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 471 4.44% $13,076
LOANDEPOT.COM, LLC 281 4.61% $11,969
UNITED WHOLESALE MORTGAGE, LLC 269 4.71% $12,081
CMG MORTGAGE, INC. 257 5.07% $15,116
FIRST COMMUNITY MORTGAGE, INC. 222 4.97% $13,152
NVR Mortgage Finance, Inc. 165 4.20% $15,156
PENNYMAC LOAN SERVICES, LLC 135 4.15% $13,479
CARDINAL FINANCIAL 126 4.98% $13,736
DHI MORTGAGE COMPANY, LTD. 115 4.03% $8,629
SWBC MORTGAGE CORPORATION 115 5.33% $10,524
PRIMARY RESIDENTIAL MORTGAGE, INC. 110 4.73% $12,741
Mr. Cooper ( Nationstar Mortgage ) 102 4.31% $13,783
FREEDOM MORTGAGE CORPORATION 99 4.62% $12,078
FirstBank 98 4.62% $11,345
CROSSCOUNTRY MORTGAGE, LLC 93 5.19% $14,975
ACOPIA, LLC 92 5.09% $12,546
AMERISAVE MORTGAGE CORPORATION 81 4.56% $13,278
BROKER SOLUTIONS, INC. 78 5.03% $12,355
AMERICAN PACIFIC MORTGAGE CORPORATION 77 4.83% $13,645
CHURCHILL MORTGAGE CORPORATION 76 4.68% $12,271
LAKEVIEW LOAN SERVICING, LLC 76 4.17% $8,344
Carrington Mortgage Services, LLC 75 5.23% $13,841
MOVEMENT MORTGAGE, LLC 68 4.76% $12,084
CALIBER HOME LOANS, INC. 68 4.74% $11,784
Legacy Home Loans, LLC 67 4.84% $10,812
EAGLE HOME MORTGAGE, LLC 66 4.93% $13,513
MORTGAGE INVESTORS GROUP, INC. 66 4.55% $10,706
GUARANTEED RATE, INC. 60 4.64% $12,613
INSPIRE HOME LOANS INC. 51 4.97% $14,669
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 5.01% $11,272
THE MORTGAGE FIRM, INC. 49 5.05% $12,691
Ameris Bank 48 5.07% $10,591
First Horizon Bank 44 4.55% $10,038
HOME POINT FINANCIAL CORPORATION 44 4.06% $9,692
Paramount Residential Mortgage Group, Inc. 42 5.04% $14,028
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 42 4.68% $12,691
INTERLINC MORTGAGE SERVICES, LLC 40 5.51% $10,269
Nations Lending Corporation 40 5.08% $13,439
SUCCESS MORTGAGE PARTNERS, INC. 39 4.97% $9,968
RELIANCE FIRST CAPITAL, LLC 33 5.05% $13,267
F&M Bank 33 4.64% $10,630
NEWREZ LLC 32 4.93% $12,097
PLANET HOME LENDING, LLC 31 4.12% $8,763
Regions Bank 30 5.23% $11,305
EUSTIS AND AMERICAN MORTGAGE COMPANY 30 5.12% $11,785
HOMEBRIDGE FINANCIAL SERVICES, INC. 30 4.88% $11,585
CapStar Bank 28 4.30% $10,729
Colten Mortgage, LLC 28 4.95% $12,522
VANDERBILT MORTGAGE AND FINANCE, INC. 28 4.61% $13,386
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 27 4.87% $10,295
TOP FLITE FINANCIAL, INC. 26 5.21% $16,558
The First National Bank of Middle Tennessee 26 4.63% $13,018
SeaTrust Mortgage Company 23 5.86% $12,096
First Vision Bank of Tennessee 22 4.45% $12,048
Flagstar Bank, FSB 21 4.66% $13,097
HOMESIDE FINANCIAL, LLC 21 5.14% $13,042
TENNESSEE TRUST MORTGAGE, INC 21 4.62% $8,030
Bank of England 20 5.13% $11,676
Equity Prime Mortgage LLC 19 4.99% $14,074
SOUTHWEST FUNDING, LP 19 5.50% $14,359
The Home Loan Expert LLC 19 4.38% $9,601
DAS Acquisition Company, LLC 19 4.79% $11,170
VILLAGE CAPITAL MORTGAGE 18 4.22% $9,238
EVERETT FINANCIAL, INC. 18 5.16% $8,521
MUTUAL OF OMAHA MORTGAGE, INC. 18 5.40% $15,373
Wilson Bank And Trust 18 4.55% $8,774
Pinnacle Bank 17 4.67% $10,017
MID AMERICA MORTGAGE, INC. 16 6.13% $7,942
AMERICAN FINANCING CORPORATION 16 4.63% $10,780
The Federal Savings Bank 16 4.59% $16,981
COMMUNITY MORTGAGE CORPORATION 16 3.99% $10,092
Austin Capital Bank SSB 15 5.11% $12,651
U.S. Bank 15 5.07% $9,833
JLB CORPORATION 15 4.88% $11,878
CASTLE & COOKE MORTGAGE, LLC 15 4.78% $12,404
BancorpSouth 14 4.38% $10,459
CANOPY MORTGAGE, LLC 14 5.45% $13,973
STOCKTON MORTGAGE CORPORATION 14 4.34% $11,285
AMERICAN MORTGAGE SERVICE COMPANY 13 4.91% $11,347
PULTE MORTGAGE LLC 13 5.18% $10,383
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 4.68% $13,334
Citizens Bank 12 4.61% $12,438
EVANSVILLE TEACHERS 12 4.92% $10,180
GUARANTY HOME MORTGAGE CORPORATION 12 4.57% $9,928
ISERVE RESIDENTIAL LENDING, LLC 12 4.11% $12,014
MILEND, INC. 11 5.28% $17,844
AMCAP MORTGAGE, LTD. 11 4.56% $13,704
Northpointe Bank 10 4.60% $12,522
Bank of America 10 5.10% $7,280
MORTGAGE SOLUTIONS OF COLORADO, LLC 10 4.59% $15,634
Renasant Bank 10 4.19% $12,968
Bell Bank 10 5.51% $12,208
The Central Trust Bank 10 5.01% $13,956
UNION HOME MORTGAGE CORP. 9 4.43% $13,587
AmRes Corporation 9 5.57% $17,756
First Guaranty Mortgage Corporation 9 3.85% $9,726
Hometown Lenders, Inc. 9 4.89% $12,920
JPMorgan Chase Bank 9 4.71% $10,291
NORTHERN MORTGAGE SERVICES, LLC 9 5.43% $10,760
BAY EQUITY LLC 8 5.31% $13,951
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 4.76% $13,667
SOUTHPOINT FINANCIAL SERVICES, INC. 8 5.56% $12,037
PLAZA HOME MORTGAGE, INC. 8 4.80% $14,938
AmeriHome Mortgage Company, LLC 8 4.37% $9,904
T2 FINANCIAL LLC 8 5.08% $14,150
CALCON MUTUAL MORTGAGE LLC 8 4.39% $12,310
AMERICAN FINANCIAL RESOURCES, INC. 7 5.70% $10,626
MIDLAND MORTGAGE CORPORATION 7 5.32% $14,766
Atlantic Union Bank 7 5.05% $17,783
Franklin Loan Corporation 7 4.68% $17,005
UNITED HOME LOANS, INC. 7 4.61% $12,382
LAND HOME FINANCIAL SERVICES, INC. 7 5.32% $9,656
ROSS MORTGAGE CORPORATION 7 5.84% $9,273
GENEVA FINANCIAL, LLC 7 4.52% $12,717
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 4.66% $9,353
SUN WEST MORTGAGE COMPANY, INC. 7 3.88% $13,648
POLARIS HOME FUNDING CORP. 7 5.13% $12,160
RESIDENTIAL WHOLESALE MORTGAGE, INC. 7 4.88% $15,511
UNITED MORTGAGE CORP 7 5.27% $13,402
Barrington Bank & Trust Company, N.A. 6 4.65% $11,851
LIBERTY HOME MORTGAGE CORPORATION 6 5.50% $14,584
Plains Commerce Bank 6 5.56% $13,624
HOMESTAR FINANCIAL CORPORATION 6 5.27% $12,297
Christensen Financial, Inc. 6 4.38% $9,748
The Farmers Bank 6 4.42% $9,459
VERITAS FUNDING, LLC 6 4.73% $16,360
NATIONS DIRECT MORTGAGE, LLC 5 4.63% $18,371
M&T Bank 5 3.90% $10,840
PREMIA MORTGAGE, LLC 5 3.40% $8,971
ZILLOW HOME LOANS, LLC 5 3.88% $14,085
FINANCE OF AMERICA MORTGAGE LLC 5 4.05% $15,120
Fifth Third Bank 5 4.23% $9,866
COMPASS MORTGAGE, INC. 5 5.50% $14,362
KELLER MORTGAGE, LLC 5 4.65% $12,410
LEADERONE FINANCIAL CORPORATION 5 5.35% $14,202
SOVEREIGN LENDING GROUP INCORPORATED 5 4.93% $12,449
Legends Bank 5 4.98% $12,687
RESIDENTIAL BANCORP 4 4.18% $10,784
GSF Mortgage Corporation 4 4.94% $10,765
CORNERSTONE HOME LENDING, INC. 4 4.44% $15,845
CONTOUR MORTGAGE CORPORATION 4 4.75% $13,446
Bank of Tennessee 4 5.09% $7,680
Ixonia Bank 4 5.16% $16,677
KELLEY MORTGAGE, LLC 4 4.69% $4,801
LADERA LENDING, INC. 4 4.97% $13,167
NFM, INC. 4 6.28% $13,118
OCMBC, INC. 4 6.16% $13,988
Orion Federal Credit Union 4 5.63% $11,355
SECURITYNATIONAL MORTGAGE COMPANY 4 5.13% $9,163
THRIVE MORTGAGE, LLC 3 5.67% $13,029
Mortgage Research Center, LLC 3 5.54% $8,117
Magnolia Bank 3 4.71% $8,465
LOANPAL, LLC 3 4.75% $13,374
SUMMIT FUNDING, INC. 3 5.29% $13,172
GUILD MORTGAGE COMPANY 3 4.96% $7,316
Residential Mortgage Solutions, Inc. 3 5.62% $17,801
SHELTER HOME MORTGAGE, LLC 3 5.25% $16,152
First Federal Bank 3 3.88% $12,468
Peoples Bank 3 4.42% $19,276
Hometown Equity Mortgage, LLC 3 6.96% $16,562
ROYAL UNITED MORTGAGE LLC 3 4.58% $13,190
BETTER MORTGAGE CORPORATION 3 3.83% $18,260
MLD MORTGAGE INC. 3 6.75% $11,879
United Community Bank 3 4.42% $7,953
First Federal Bank 2 5.44% $11,533
BECKAM FUNDING CORP. 2 4.88% $14,574
Simmons Bank 2 5.13% $8,133
FLAT BRANCH MORTGAGE, INC. 2 5.25% $13,557
COMMUNITY MORTGAGE, LLC 2 5.94% $11,330
Assurance Financial Group, L.L.C. 2 4.56% $12,669
Sierra Pacific Mortgage Company, Inc. 2 5.25% $15,535
Willamette Valley Bank 2 4.06% $7,840
DELMAR FINANCIAL COMPANY 2 5.19% $10,749
EMM LOANS LLC 2 5.00% $16,892
Colonial Savings, F.A. 2 4.88% $20,860
ASCEND FEDERAL CREDIT UNION 2 5.56% $7,940
Synovus Bank 2 4.94% $12,302
BEST CAPITAL FUNDING 2 4.56% $11,225
S1L, Inc. 2 4.44% $19,021
UNITED SECURITY FINANCIAL CORP 2 5.94% $14,133
HANCOCK MORTGAGE PARTNERS, LLC 2 6.19% $14,659
Strong Home Mortgage, LLC 2 4.19% $11,061
Amerifirst Financial, Inc. 2 6.38% $12,147
NETWORK CAPITAL FUNDING CORPORATION 2 5.19% $16,729
VAN DYK MORTGAGE CORPORATION 2 5.94% $11,511
SOUTHWEST STAGE FUNDING, LLC 2 5.06% $7,687
HOMESPIRE MORTGAGE CORPORATION 2 5.81% $17,007
JMAC LENDING, INC. 1 2.88% $14,500
ABSOLUTE HOME MORTGAGE CORPORATION 1 5.13% $27,071
Access Bank 1 6.13% $10,476
Acre Mortgage and Financial Inc 1 5.50% $21,612
ALAMEDA MORTGAGE CORPORATION 1 6.00% $9,895
ALLIED MORTGAGE GROUP, INC. 1 5.63% $9,137
AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.75% $8,784
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.63% $17,304
ANGEL OAK HOME LOANS LLC 1 4.13% $8,344
ARC HOME LLC 1 3.63% $4,825
Arvest Bank 1 2.88% $10,055
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.50% $9,741
Bethpage Federal Credit Union 1 4.38% $3,081
BLUELEAF LENDING, LLC 1 4.75% $9,798
BNC National Bank 1 3.25% $12,822
BOKF 1 5.63% $22,688
Century Mortgage Company DBA Century Lending Company 1 3.25% $8,277
City Bank 1 5.63% $17,321
Consumer First Mortgage, Inc. 1 5.63% $11,093
Credence Funding Corporation 1 4.38% $36,235
CRESCENT MORTGAGE COMPANY 1 3.75% $11,084
EMBRACE HOME LOANS, INC. 1 5.75% $14,021
ENCORE BANK 1 6.00% $17,770
ENVOY MORTGAGE, LTD 1 5.63% $14,955
Evolve Bank & Trust 1 3.00% $8,128
FBC MORTGAGE, LLC 1 4.50% $10,859
First Citizens National Bank 1 5.25% $12,640
First Savings Bank 1 3.63% $12,632
First Western Trust Bank 1 4.75% $11,531
Gateway First Bank 1 4.75% $10,204
HERITAGE SOUTH COMMUNITY CU 1 3.25% $14,400
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.13% $14,815
INTERSTATE HOME LOAN CENTER, INC. 1 5.63% $33,742
JAMES B. NUTTER & COMPANY 1 4.88% $7,193
1ST SIGNATURE LENDING, LLC 1 5.25% $13,005
Leaders Credit Union 1 5.13% $8,229
Lend Smart Mortgage, LLC 1 5.75% $12,566
Loan Simple, Inc. 1 3.25% $10,605
MICHIGAN MUTUAL, INC. 1 3.63% $12,162
MJW Financial LLC 1 5.25% $18,935
MORIA DEVELOPMENT, INC. 1 3.75% $14,000
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.13% $22,854
NBKC BANK 1 3.25% $11,853
NEW DAY FINANCIAL, LLC 1 3.49% $13,053
ON Q FINANCIAL, INC. 1 4.75% $9,128
Paramount Bank 1 4.75% $7,292
PENTAGON FEDERAL CREDIT UNION 1 4.25% $13,466
PHH Mortgage Corporation 1 5.25% $12,335
Princeton Mortgage Corporation 1 4.13% $6,194
Prosperity Home Mortgage, LLC 1 5.25% $13,488
RANLIFE, INC. 1 4.63% $11,903
RUOFF MORTGAGE COMPANY, INC. 1 5.00% $8,510
SHELTER MORTGAGE COMPANY, L.L.C. 1 3.25% $8,537
SIRVA MORTGAGE, INC. 1 6.63% $9,320
SIWELL, INC. 1 7.13% $4,468
S&S Financial 1 4.99% $13,478
Sunflower Bank 1 3.99% $10,014
Texana Bank 1 3.63% $10,577
TJC Mortgage, Inc. 1 4.75% $14,947
TOWNE MORTGAGE COMPANY 1 3.13% $9,625
Union Savings Bank 1 5.63% $13,478
Wells Fargo Bank 1 3.63% $4,644
WesBanco 1 7.13% $11,701
Wyndham Capital Mortgage, Inc. 1 5.63% $6,211

The top Nashville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 471 FHA loans originated. Their average total fees are $13,076, which is $1,106 higher than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Nashville FHA lenders (with over 10 loans originated) are Bank of America ($7,280), MID AMERICA MORTGAGE, INC. ($7,942), TENNESSEE TRUST MORTGAGE, INC ($8,030), LAKEVIEW LOAN SERVICING, LLC ($8,344) and EVERETT FINANCIAL, INC. ($8,521).

The lowest rate Nashville FHA lenders (with over 10 loans originated) are COMMUNITY MORTGAGE CORPORATION (3.99%), DHI MORTGAGE COMPANY, LTD. (4.03%), HOME POINT FINANCIAL CORPORATION (4.06%), ISERVE RESIDENTIAL LENDING, LLC (4.11%) and PLANET HOME LENDING, LLC (4.12%).

Nashville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CANNON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CHEATHAM 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DAVIDSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DICKSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MACON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MAURY 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN ROBERTSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN RUTHERFORD 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SMITH 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SUMNER 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN TROUSDALE 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN WILLIAMSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN WILSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CANNON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CHEATHAM 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DAVIDSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DICKSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MACON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MAURY 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN ROBERTSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN RUTHERFORD 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SMITH 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SUMNER 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN TROUSDALE 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN WILLIAMSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN WILSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Nashville (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 $383,919 (13.0%) $528,839 (12.1%) 1.42 5,897
2018-02-01 $382,445 (10.0%) $526,076 (10.2%) 1.39 5,916
2018-03-01 $385,000 (9.5%) $534,819 (10.0%) 1.35 5,928
2018-04-01 $389,377 (8.8%) $540,070 (8.7%) 1.32 6,322
2018-05-01 $385,000 (-1.3%) $537,693 (-4.7%) 1.29 6,839
2018-06-01 $379,900 (-2.6%) $531,125 (-5.5%) 1.27 7,339
2018-07-01 $374,335 (-3.6%) $524,918 (-4.9%) 1.25 7,910
2018-08-01 $369,450 (-5.0%) $517,990 (-4.8%) 1.24 8,138
2018-09-01 $365,000 (-6.2%) $508,242 (-5.9%) 1.23 8,783
2018-10-01 $359,888 (-6.4%) $504,088 (-5.2%) 1.22 9,142
2018-11-01 $354,900 (-6.6%) $501,349 (-5.2%) 1.20 9,077
2018-12-01 $355,900 (-7.3%) $504,444 (-5.0%) 1.23 8,459
2019-01-01 $356,818 (-7.1%) $503,943 (-4.7%) 1.23 7,996
2019-02-01 $359,899 (-5.9%) $507,320 (-3.6%) 1.22 7,771
2019-03-01 $364,237 (-5.4%) $521,348 (-2.5%) 1.19 7,572
2019-04-01 $369,945 (-5.0%) $533,099 (-1.3%) 1.17 7,503
2019-05-01 $374,575 (-2.7%) $539,227 (0.3%) 1.17 7,779
2019-06-01 $378,000 (-0.5%) $548,216 (3.2%) 1.18 7,786
2019-07-01 $375,000 (0.2%) $544,535 (3.7%) 1.17 7,884
2019-08-01 $373,691 (1.2%) $545,650 (5.3%) 1.18 7,845
2019-09-01 $371,615 (1.8%) $547,416 (7.7%) 1.19 7,780
2019-10-01 $369,950 (2.8%) $546,752 (8.5%) 1.19 7,811
2019-11-01 $369,900 (4.2%) $545,306 (8.8%) 1.21 7,678
2019-12-01 $367,524 (3.3%) $542,721 (7.6%) 1.23 7,085
2020-01-01 $366,450 (2.7%) $540,612 (7.3%) 1.22 6,378
2020-02-01 $369,900 (2.8%) $545,436 (7.5%) 1.21 5,922
2020-03-01 $379,700 (4.3%) $550,681 (5.6%) 1.19 5,826
2020-04-01 $376,415 (1.8%) $538,980 (1.1%) 1.18 6,557
2020-05-01 $385,000 (2.8%) $559,814 (3.8%) 1.17 6,556
2020-06-01 $392,300 (3.8%) $578,798 (5.6%) 1.16 6,091
2020-07-01 $391,995 (4.5%) $590,848 (8.5%) 1.14 6,086
2020-08-01 $394,990 (5.7%) $610,364 (11.9%) 1.13 5,342
2020-09-01 $399,900 (7.6%) $606,626 (10.8%) 1.15 4,810
2020-10-01 $399,900 (8.1%) $620,251 (13.4%) 1.15 4,529
2020-11-01 $398,375 (7.7%) $620,681 (13.8%) 1.16 4,182
2020-12-01 $395,175 (7.5%) $624,692 (15.1%) 1.18 3,706
2021-01-01 $392,915 (7.2%) $623,251 (15.3%) 1.17 3,148
2021-02-01 $397,400 (7.4%) $651,751 (19.5%) 1.16 2,504
2021-03-01 $399,900 (5.3%) $663,517 (20.5%) 1.13 2,214
2021-04-01 $411,943 (9.4%) $692,613 (28.5%) 1.12 2,049
2021-05-01 $415,000 (7.8%) $724,694 (29.5%) 1.10 1,994
2021-06-01 $428,000 (9.1%) $759,730 (31.3%) 1.13 2,132
2021-07-01 $449,000 (14.5%) $781,510 (32.3%) 1.18 2,557
2021-08-01 $442,025 (11.9%) $767,224 (25.7%) 1.18 2,664
2021-09-01 $447,245 (11.8%) $770,786 (27.1%) 1.19 2,809
2021-10-01 $456,900 (14.3%) $779,808 (25.7%) 1.22 2,876
2021-11-01 $459,945 (15.5%) $793,667 (27.9%) 1.23 2,559
2021-12-01 $459,950 (16.4%) $825,520 (32.2%) 1.25 2,036
2022-01-01 $459,600 (17.0%) $842,380 (35.2%) 1.24 1,623
2022-02-01 $475,891 (19.8%) $826,952 (26.9%) 1.24 1,519
2022-03-01 $499,900 (25.0%) $869,720 (31.1%) 1.25 1,598
2022-04-01 $525,000 (27.4%) $899,874 (29.9%) 1.25 1,966
2022-05-01 $549,900 (32.5%) $919,840 (26.9%) 1.26 2,689
2022-06-01 $562,450 (31.4%) $886,474 (16.7%) 1.25 3,933
2022-07-01 $549,999 (22.5%) $848,183 (8.5%) 1.24 5,391
2022-08-01 $534,722 (21.0%) $812,752 (5.9%) 1.24 6,070
2022-09-01 $529,450 (18.4%) $816,834 (6.0%) 1.24 6,352
2022-10-01 $525,000 (14.9%) $816,453 (4.7%) 1.24 7,066
2022-11-01 $524,425 (14.0%) $806,923 (1.7%) 1.26 7,270
2022-12-01 $519,000 (12.8%) $806,894 (-2.3%) 1.28 6,628
2023-01-01 $509,200 (10.8%) $785,882 (-6.7%) 1.26 6,420
2023-02-01 $517,700 (8.8%) $799,067 (-3.4%) 1.25 6,072
2023-03-01 $527,495 (5.5%) $820,130 (-5.7%) 1.24 5,643
2023-04-01 $564,025 (7.4%) $867,295 (-3.6%) 1.31 5,750
2023-05-01 $580,000 (5.5%) $920,875 (0.1%) 1.32 6,042
2023-06-01 $590,695 (5.0%) $938,703 (5.9%) 1.33 6,423
2023-07-01 $594,900 (8.2%) $942,855 (11.2%) 1.35 6,597
2023-08-01 $583,495 (9.1%) $920,370 (13.2%) 1.34 6,834
2023-09-01 $579,000 (9.4%) $924,643 (13.2%) 1.35 6,884
2023-10-01 $573,430 (9.2%) $925,905 (13.4%) 1.35 6,991
2023-11-01 $562,500 (7.3%) $911,240 (12.9%) 1.34 7,338
2023-12-01 $559,000 (7.7%) $901,460 (11.7%) 1.36 6,916
2024-01-01 $559,926 (10.0%) $901,165 (14.7%) 1.37 6,120
Nashville's median listing price for 2024-01-01 was $559,926, a difference of $50,726 (10.0%) versus the prior year and $926 versus the prior month.

Nashville's median listing price comes in at 137% of the national average.

Nashville's average listing price for 2024-01-01 was $901,165, a difference of $115,283 (14.7%) versus the prior year and $-295 versus the prior month.

For the 2024-01-01 period, Nashville had 6,120 MLS listings, a difference of -796 listings (-12%) versus the prior month and -300 listings (-5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Nashville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 51 days 2,408 sqft
2018-02-01 39 days 2,403 sqft
2018-03-01 36 days 2,410 sqft
2018-04-01 33 days 2,411 sqft
2018-05-01 33 days 2,399 sqft
2018-06-01 34 days 2,400 sqft
2018-07-01 36 days 2,382 sqft
2018-08-01 37 days 2,345 sqft
2018-09-01 38 days 2,310 sqft
2018-10-01 42 days 2,287 sqft
2018-11-01 43 days 2,280 sqft
2018-12-01 50 days 2,289 sqft
2019-01-01 54 days 2,302 sqft
2019-02-01 44 days 2,303 sqft
2019-03-01 39 days 2,350 sqft
2019-04-01 34 days 2,393 sqft
2019-05-01 33 days 2,409 sqft
2019-06-01 36 days 2,415 sqft
2019-07-01 37 days 2,406 sqft
2019-08-01 37 days 2,398 sqft
2019-09-01 37 days 2,379 sqft
2019-10-01 37 days 2,358 sqft
2019-11-01 40 days 2,326 sqft
2019-12-01 46 days 2,320 sqft
2020-01-01 48 days 2,306 sqft
2020-02-01 36 days 2,308 sqft
2020-03-01 33 days 2,323 sqft
2020-04-01 35 days 2,305 sqft
2020-05-01 36 days 2,333 sqft
2020-06-01 33 days 2,332 sqft
2020-07-01 31 days 2,288 sqft
2020-08-01 31 days 2,237 sqft
2020-09-01 31 days 2,170 sqft
2020-10-01 30 days 2,124 sqft
2020-11-01 31 days 2,088 sqft
2020-12-01 36 days 2,055 sqft
2021-01-01 34 days 2,000 sqft
2021-02-01 25 days 1,998 sqft
2021-03-01 18 days 1,962 sqft
2021-04-01 16 days 1,959 sqft
2021-05-01 11 days 2,000 sqft
2021-06-01 12 days 1,987 sqft
2021-07-01 15 days 2,020 sqft
2021-08-01 16 days 2,029 sqft
2021-09-01 19 days 2,033 sqft
2021-10-01 19 days 2,055 sqft
2021-11-01 22 days 2,057 sqft
2021-12-01 28 days 2,055 sqft
2022-01-01 26 days 2,052 sqft
2022-02-01 14 days 2,038 sqft
2022-03-01 11 days 2,040 sqft
2022-04-01 10 days 2,106 sqft
2022-05-01 12 days 2,184 sqft
2022-06-01 15 days 2,246 sqft
2022-07-01 21 days 2,219 sqft
2022-08-01 26 days 2,214 sqft
2022-09-01 31 days 2,200 sqft
2022-10-01 31 days 2,196 sqft
2022-11-01 38 days 2,191 sqft
2022-12-01 48 days 2,198 sqft
2023-01-01 52 days 2,178 sqft
2023-02-01 38 days 2,184 sqft
2023-03-01 35 days 2,205 sqft
2023-04-01 32 days 2,251 sqft
2023-05-01 30 days 2,288 sqft
2023-06-01 34 days 2,303 sqft
2023-07-01 33 days 2,298 sqft
2023-08-01 37 days 2,282 sqft
2023-09-01 37 days 2,273 sqft
2023-10-01 37 days 2,259 sqft
2023-11-01 39 days 2,234 sqft
2023-12-01 44 days 2,210 sqft
2024-01-01 46 days 2,201 sqft
Nashville's median listing age (time on market) for 2024-01-01 was 46 days. This is -13% shorter than the same period one year ago.

Nashville's median square footage for active listings during the 2024-01-01 period was 2,201 sqft. One year prior, the average listing was 2,178 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).