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 254 lenders originated 7,005 FHA loans during 2023. The total origination value was $2,543,525,000, with an average FHA loan value of $363,101.

Nashville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Nashville averaged 6.3% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

Nashville's average FHA mortgage closing costs are $9,373.

The average rate for the prior week (2024-05-31) was 6.48% and one month ago for the week of 2024-05-03, the average rate was 6.88%.

The average rate one year ago was 6.35%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.71%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 612 6.17% $15,363
QUICKEN LOANS, LLC 540 6.14% $13,855
NVR Mortgage Finance, Inc. 348 5.65% $10,865
CMG MORTGAGE, INC. 313 6.45% $17,157
FIRST COMMUNITY MORTGAGE, INC. 274 6.27% $13,471
LOANDEPOT.COM, LLC 208 6.12% $15,388
FirstBank 157 6.23% $13,825
DHI MORTGAGE COMPANY, LTD. 145 5.41% $8,717
SWBC MORTGAGE CORPORATION 136 6.54% $9,253
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 130 6.28% $15,603
CROSSCOUNTRY MORTGAGE, LLC 128 6.60% $15,063
SeaTrust Mortgage Company 122 6.42% $14,224
MORTGAGE INVESTORS GROUP, INC. 121 6.23% $11,728
MOVEMENT MORTGAGE, LLC 102 6.19% $13,745
Legacy Home Loans, LLC 101 6.41% $13,239
CHURCHILL MORTGAGE CORPORATION 98 6.24% $13,374
AMERICAN PACIFIC MORTGAGE CORPORATION 84 6.66% $14,412
EAGLE HOME MORTGAGE, LLC 83 5.26% $15,660
Ameris Bank 80 6.30% $11,816
VANDERBILT MORTGAGE AND FINANCE, INC. 78 6.38% $16,422
PENNYMAC LOAN SERVICES, LLC 71 5.99% $16,257
BROKER SOLUTIONS, INC. 70 6.59% $14,080
ACOPIA, LLC 68 6.48% $14,321
FREEDOM MORTGAGE CORPORATION 65 6.87% $17,081
CARDINAL FINANCIAL 65 6.24% $13,849
ISERVE RESIDENTIAL LENDING, LLC 61 6.47% $17,715
Mr. Cooper ( Nationstar Mortgage ) 59 6.09% $18,402
INSPIRE HOME LOANS INC. 58 5.57% $12,668
MUTUAL OF OMAHA MORTGAGE, INC. 57 6.57% $17,667
GUARANTEED RATE, INC. 55 6.30% $14,071
AMERISAVE MORTGAGE CORPORATION 50 6.04% $17,308
NEWREZ LLC 49 6.14% $13,332
INTERLINC MORTGAGE SERVICES, LLC 49 6.59% $9,252
Carrington Mortgage Services, LLC 45 6.26% $14,781
FirstTrust Home Loans, Inc. 44 6.47% $13,490
PULTE MORTGAGE LLC 43 5.90% $9,055
F&M Bank 43 6.27% $11,678
Regions Bank 43 6.12% $12,340
Pinnacle Bank 41 6.05% $12,061
The Federal Savings Bank 39 6.22% $16,941
EUSTIS AND AMERICAN MORTGAGE COMPANY 37 6.71% $13,608
THE MORTGAGE FIRM, INC. 36 5.95% $13,417
The First National Bank of Middle Tennessee 35 6.31% $14,640
CapStar Bank 34 6.44% $12,945
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 34 6.54% $14,111
CANOPY MORTGAGE, LLC 32 6.51% $18,907
Paramount Residential Mortgage Group, Inc. 31 6.40% $15,549
PRIMARY RESIDENTIAL MORTGAGE, INC. 30 6.55% $11,564
U.S. Bank 30 6.27% $11,969
GUARANTY HOME MORTGAGE CORPORATION 28 6.21% $13,203
Bank of Tennessee 28 6.30% $12,591
RELIANCE FIRST CAPITAL, LLC 27 6.49% $16,772
SUCCESS MORTGAGE PARTNERS, INC. 26 6.27% $12,334
Equity Prime Mortgage LLC 24 6.65% $12,818
VILLAGE CAPITAL MORTGAGE 23 6.26% $12,068
FIRST COLONY MORTGAGE CORPORATION 22 6.73% $13,478
Citizens Bank 22 6.20% $16,774
Wilson Bank And Trust 21 6.30% $7,961
CASTLE & COOKE MORTGAGE, LLC 21 6.46% $13,717
LAKEVIEW LOAN SERVICING, LLC 21 5.95% $15,056
PLANET HOME LENDING, LLC 20 5.59% $10,943
Flagstar Bank, FSB 20 6.48% $14,027
COMMUNITY MORTGAGE CORPORATION 19 6.52% $12,749
HOMESIDE FINANCIAL, LLC 19 6.48% $14,958
Mortgage Research Center, LLC 19 6.38% $9,013
MILEND, INC. 17 6.63% $18,303
HOMEBRIDGE FINANCIAL SERVICES, INC. 17 5.87% $13,654
EVERETT FINANCIAL, INC. 16 6.75% $12,950
Bell Bank 16 5.98% $14,740
TOP FLITE FINANCIAL, INC. 16 6.87% $20,480
MID AMERICA MORTGAGE, INC. 16 7.10% $9,398
Nations Lending Corporation 16 6.67% $12,375
NFM, INC. 15 7.18% $13,123
Fifth Third Bank 15 6.49% $11,477
STOCKTON MORTGAGE CORPORATION 15 6.43% $14,002
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 6.18% $11,548
FIRST CONTINENTAL MORTGAGE, LTD. 14 6.50% $12,125
Century Mortgage Company DBA Century Lending Company 14 6.38% $12,078
HOMEAMERICAN MORTGAGE CORPORATION 13 5.15% $10,470
Renasant Bank 12 6.12% $13,060
JPMorgan Chase Bank 12 6.62% $8,540
Franklin Loan Corporation 11 6.16% $17,882
ROSS MORTGAGE CORPORATION 11 6.26% $15,173
EVANSVILLE TEACHERS 11 6.53% $12,974
AMCAP MORTGAGE, LTD. 11 6.28% $17,278
Simmons Bank 10 6.03% $10,164
SUN WEST MORTGAGE COMPANY, INC. 10 6.48% $16,470
THRIVE MORTGAGE, LLC 10 6.90% $16,530
First Vision Bank of Tennessee 10 6.43% $12,854
UNITED NORTHERN MORTGAGE BANKERS LIMITED 10 6.38% $16,546
Plains Commerce Bank 9 6.08% $13,422
PLAZA HOME MORTGAGE, INC. 9 6.40% $18,390
DAS Acquisition Company, LLC 9 6.39% $13,286
AMERICAN FINANCIAL NETWORK, INC. 9 6.36% $13,034
AMERICAN FINANCING CORPORATION 9 6.17% $16,012
LADERA LENDING, INC. 8 6.41% $18,335
American Mortgage & Equity Consultants, Inc. 8 7.17% $13,001
GENEVA FINANCIAL, LLC 8 6.67% $14,201
LAND HOME FINANCIAL SERVICES, INC. 8 6.83% $13,184
ENDEAVOR CAPITAL, LLC. 8 6.83% $11,992
United Community Bank 7 6.38% $8,920
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.80% $14,801
VERITAS FUNDING, LLC 7 6.13% $18,732
Prosperity Home Mortgage, LLC 7 6.07% $15,048
VAN DYK MORTGAGE CORPORATION 6 6.38% $14,446
NBKC BANK 6 5.90% $9,225
BancorpSouth 6 6.31% $10,328
EMBRACE HOME LOANS, INC. 6 5.96% $14,577
AmeriHome Mortgage Company, LLC 6 5.91% $14,480
M&T Bank 6 6.85% $9,715
T2 FINANCIAL LLC 6 6.83% $13,681
CALCON MUTUAL MORTGAGE LLC 6 7.08% $13,970
Wells Fargo Bank 6 6.25% $10,618
First Horizon Bank 5 6.60% $11,923
Truist 5 6.19% $14,001
First Federal Bank 5 5.87% $10,007
COMPASS MORTGAGE, INC. 5 6.13% $18,175
Bank of England 5 5.95% $14,293
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.05% $16,110
Northpointe Bank 5 5.80% $16,898
ALAMEDA MORTGAGE CORPORATION 5 6.97% $16,121
TENNESSEE TRUST MORTGAGE, INC 5 6.50% $8,332
Legends Bank 5 6.70% $12,031
SOUTHPOINT FINANCIAL SERVICES, INC. 5 6.83% $11,352
AMERICAN FINANCIAL RESOURCES, INC. 5 6.73% $13,484
JMAC LENDING, INC. 5 6.58% $16,064
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.65% $16,388
KELLEY MORTGAGE, LLC 5 6.00% $6,607
DELMAR FINANCIAL COMPANY 4 7.03% $11,363
AmRes Corporation 4 6.41% $13,710
BAY EQUITY LLC 4 6.38% $16,835
BECKAM FUNDING CORP. 4 7.40% $16,392
COMMUNITY MORTGAGE, LLC 4 5.69% $15,290
CORNERSTONE HOME LENDING, INC. 4 6.31% $14,442
FLAT BRANCH MORTGAGE, INC. 4 6.13% $12,626
GUILD MORTGAGE COMPANY 4 5.94% $8,448
Ixonia Bank 4 6.94% $19,431
LEADERONE FINANCIAL CORPORATION 4 6.31% $11,321
LOANPAL, LLC 4 5.47% $15,333
MANN FINANCIAL INC. 4 7.16% $12,800
PENTAGON FEDERAL CREDIT UNION 4 5.56% $13,826
SUMMIT FUNDING, INC. 4 6.41% $14,353
Synovus Bank 4 5.78% $9,547
UNION HOME MORTGAGE CORP. 4 7.03% $12,491
ON Q FINANCIAL, INC. 3 7.25% $13,902
OCMBC, INC. 3 7.04% $18,542
MIDLAND MORTGAGE CORPORATION 3 6.88% $8,474
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.13% $19,389
ASCEND FEDERAL CREDIT UNION 3 5.96% $7,672
ZILLOW HOME LOANS, LLC 3 6.29% $16,215
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.13% $11,099
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 6.13% $19,720
TOWNE MORTGAGE COMPANY 3 6.58% $14,211
JLB CORPORATION 3 6.38% $12,177
Bank of America 3 6.33% $10,350
The Farmers Bank 3 6.13% $11,168
The Central Trust Bank 3 5.92% $17,051
Residential Mortgage Solutions, Inc. 3 6.37% $12,990
NATIONS DIRECT MORTGAGE, LLC 3 6.83% $10,171
RANLIFE, INC. 3 6.54% $14,064
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 6.38% $13,176
PREMIA MORTGAGE, LLC 3 6.25% $10,377
PNC Bank 3 6.00% $13,784
NORWICH COMMERCIAL GROUP, INC. 2 6.69% $17,671
KeyBank 2 6.31% $12,529
NATIONS RELIABLE LENDING, LLC 2 7.75% $15,176
GMFS LLC 2 7.00% $14,505
ONY GLO, INC. 2 6.69% $18,347
George Mason Mortgage, LLC 2 6.81% $11,925
PHH Mortgage Corporation 2 6.81% $13,818
GARDNER FINANCIAL SERVICES, LTD. 2 7.06% $19,317
First Federal Bank 2 6.06% $9,306
FIRST EQUITY MORTGAGE INCORPORATED 2 6.56% $20,664
FIRST ALLIANCE HOME MORTGAGE, LLC 2 6.44% $16,259
RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 5.75% $16,184
Semper Home Loans, Inc. 2 7.44% $15,510
SIRVA MORTGAGE, INC. 2 6.25% $10,540
SmartBank 2 6.44% $10,079
SOVEREIGN LENDING GROUP INCORPORATED 2 6.31% $19,000
Strong Home Mortgage, LLC 2 5.88% $10,582
CIS Financial Services, Inc. 2 5.50% $12,257
ACADEMY MORTGAGE CORPORATION 2 6.75% $24,873
BEST FINANCE CAPITAL, INC. 2 7.88% $11,892
BAY-VALLEY MORTGAGE GROUP 2 6.00% $15,062
Barrington Bank & Trust Company, N.A. 2 5.94% $25,811
Arvest Bank 2 5.44% $14,793
Magnolia Bank 2 6.19% $19,210
ALLIED MORTGAGE GROUP, INC. 2 6.94% $11,001
MICHIGAN MUTUAL, INC. 2 6.50% $16,812
LIBERTY HOME MORTGAGE CORPORATION 2 6.63% $30,329
Towne Bank 1 6.75% $12,292
JMJ FINANCIAL GROUP 1 5.75% $21,053
TruHome Solutions, LLC 1 6.63% $9,749
Financial Funding Solutions, Inc. 1 5.63% $7,077
FCB Banks 1 7.63% $6,972
HOMESTEAD FUNDING CORP. 1 6.25% $4,904
FBC MORTGAGE, LLC 1 6.75% $13,232
DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $14,870
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.25% $21,494
Republic Bank & Trust Company 1 5.75% $8,996
NASA Federal Credit Union 1 6.13% $10,992
MORTGAGEONE, INC. 1 5.99% $20,017
1ST SIGNATURE LENDING, LLC 1 7.25% $19,151
ROYAL UNITED MORTGAGE LLC 1 7.13% $14,575
RUOFF MORTGAGE COMPANY, INC. 1 5.50% $11,969
Sandy Spring Bank 1 6.25% $25,261
CONTOUR MORTGAGE CORPORATION 1 6.25% $10,779
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $12,721
KINECTA 1 5.75% $15,990
Consumer First Mortgage, Inc. 1 5.75% $21,715
MLD MORTGAGE INC. 1 6.13% $11,446
UNITED HOME LOANS, INC. 1 7.13% $7,332
Commerce Home Mortgage, Inc. 1 7.13% $7,675
South State Bank 1 6.99% $12,865
SOUTHWEST STAGE FUNDING, LLC 1 6.75% $14,359
MEMBER FIRST MORTGAGE, LLC 1 5.88% $11,178
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.25% $15,575
Leaders Credit Union 1 6.75% $7,371
American Security Mortgage Corp. 1 6.50% $11,102
Alcova Mortgage LLC 1 7.25% $12,889
CBM Mortgage, Inc. 1 6.63% $10,335
Capital City Home Loans, LLC 1 6.38% $32,291
M/I FINANCIAL, LLC 1 5.50% $25,897
BETTER MORTGAGE CORPORATION 1 6.13% $15,561
Midwest BankCentre 1 7.25% $7,141
Hometown Equity Mortgage, LLC 1 6.50% $11,262
INFINITY EQUITY GROUP, INC. 1 7.25% $14,327
ALTRA 1 6.00% $8,718
BAYSHORE MORTGAGE FUNDING, LLC 1 7.00% $16,810
Victorian Finance, LLC 1 6.25% $15,512
GUARANTY MORTGAGE SERVICES, L.L.C. 1 6.75% $7,991
NJ LENDERS CORP. 1 6.13% $19,746
NORTHERN MORTGAGE SERVICES, LLC 1 5.75% $6,719
GSF Mortgage Corporation 1 6.63% $12,045
NexBank 1 6.25% $12,147
NP, Inc. 1 7.50% $20,628
The Union Bank Company 1 5.50% $10,312
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $14,919
NETWORK CAPITAL FUNDING CORPORATION 1 5.63% $20,861
INTERNATIONAL CITY MORTGAGE, INC. 1 6.88% $10,498
OPEN MORTGAGE, LLC 1 5.50% $15,645
GERSHMAN INVESTMENT CORP. 1 6.63% $16,780
TJC Mortgage, Inc. 1 5.75% $7,157
Waterstone Mortgage Corporation 1 7.13% $11,939
Atlantic Coast Mortgage, LLC 1 5.75% $9,434
Total Media Management, LLC 1 6.75% $18,455
PINNACLE LENDING GROUP, INC. 1 5.38% $17,225
Florida Capital Bank 1 6.63% $35,602
First State Bank of St. Charles, Missouri 1 6.63% $13,474
First Savings Bank 1 6.75% $20,807
PLUS RELOCATION MORTGAGE, LLC 1 7.13% $12,858
HOMESPIRE MORTGAGE CORPORATION 1 6.00% $14,166
POLARIS HOME FUNDING CORP. 1 6.63% $17,016
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $8,356

The top Nashville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 612 FHA loans originated. Their average total fees are $15,363, which is $1,508 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Nashville FHA lenders (with over 10 loans originated) are Wilson Bank And Trust ($7,961), JPMorgan Chase Bank ($8,540), DHI MORTGAGE COMPANY, LTD. ($8,717), Mortgage Research Center, LLC ($9,013) and PULTE MORTGAGE LLC ($9,055).

The lowest rate Nashville FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.15%), EAGLE HOME MORTGAGE, LLC (5.26%), DHI MORTGAGE COMPANY, LTD. (5.41%), INSPIRE HOME LOANS INC. (5.57%) and PLANET HOME LENDING, LLC (5.59%).

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
2024-02-01 $560,243 (8.2%) $900,001 (12.6%) 1.35 5,903
2024-03-01 $558,990 (6.0%) $907,206 (10.6%) 1.32 6,166
2024-04-01 $573,475 (1.7%) $919,909 (6.1%) 1.33 6,733
2024-05-01 $588,450 (1.5%) $936,713 (1.7%) 1.33 7,116
Nashville's median listing price for 2024-05-01 was $588,450, a difference of $8,450 (1.5%) versus the prior year and $14,975 versus the prior month.

Nashville's median listing price comes in at 133% of the national average.

Nashville's average listing price for 2024-05-01 was $936,713, a difference of $15,838 (1.7%) versus the prior year and $16,804 versus the prior month.

For the 2024-05-01 period, Nashville had 7,116 MLS listings, a difference of 383 listings (6%) versus the prior month and 1,074 listings (18%) 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
2024-02-01 38 days 2,189 sqft
2024-03-01 32 days 2,170 sqft
2024-04-01 31 days 2,180 sqft
2024-05-01 30 days 2,204 sqft
Nashville's median listing age (time on market) for 2024-05-01 was 30 days. This is 0% longer than the same period one year ago.

Nashville's median square footage for active listings during the 2024-05-01 period was 2,204 sqft. One year prior, the average listing was 2,288 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).