Nashville FHA Loans

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 253 lenders originated 9,967 FHA loans during 2021. The total origination value was $2,964,325,000, with an average FHA loan value of $297,414.

Nashville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Nashville averaged 5.12% for the week of 2022-08-05, compared to the national average (all FHA variants) of 5.305% for the same period.

The average rate for the prior week (2022-07-29) was 5.46% and one month ago for the week of 2022-07-01, the average rate was 5.65%.

The average rate one year ago was 3.25%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.22%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Nashville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 810 2.67% $7,079
LAKEVIEW LOAN SERVICING, LLC 367 2.91% $5,466
FIRST COMMUNITY MORTGAGE, INC. 351 2.98% $9,193
CMG MORTGAGE, INC. 337 3.20% $11,610
FREEDOM MORTGAGE CORPORATION 326 2.76% $5,652
PENNYMAC LOAN SERVICES, LLC 305 2.92% $5,826
LOANDEPOT.COM, LLC 271 3.11% $10,040
Mr. Cooper ( Nationstar Mortgage ) 224 3.16% $5,474
SWBC MORTGAGE CORPORATION 176 3.11% $7,408
UNITED WHOLESALE MORTGAGE, LLC 163 2.68% $9,280
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 151 3.16% $9,242
FirstBank 150 2.94% $8,993
PRIMARY RESIDENTIAL MORTGAGE, INC. 149 3.27% $10,162
MOVEMENT MORTGAGE, LLC 148 2.97% $8,194
DHI MORTGAGE COMPANY, LTD. 146 2.80% $7,798
CALIBER HOME LOANS, INC. 139 2.79% $6,674
Carrington Mortgage Services, LLC 119 3.36% $9,164
First Horizon Bank 113 2.79% $8,993
NVR Mortgage Finance, Inc. 109 3.06% $11,288
CROSSCOUNTRY MORTGAGE, LLC 108 3.19% $10,435
INTERLINC MORTGAGE SERVICES, LLC 107 3.37% $8,501
AMERICAN PACIFIC MORTGAGE CORPORATION 107 3.07% $10,119
ACOPIA, LLC 105 3.27% $10,071
ISERVE RESIDENTIAL LENDING, LLC 96 3.19% $11,472
PLANET HOME LENDING, LLC 91 2.77% $6,122
BROKER SOLUTIONS, INC. 91 3.18% $9,985
Ameris Bank 88 2.81% $8,764
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 87 3.06% $8,514
AmeriHome Mortgage Company, LLC 86 2.81% $5,567
F&M Bank 84 2.65% $7,966
VILLAGE CAPITAL & INVESTMENT LLC 80 2.99% $3,137
HOMEBRIDGE FINANCIAL SERVICES, INC. 79 2.64% $7,398
VANDERBILT MORTGAGE AND FINANCE, INC. 73 2.95% $10,041
CHURCHILL MORTGAGE CORPORATION 73 2.86% $9,226
SUCCESS MORTGAGE PARTNERS, INC. 72 3.20% $7,786
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 70 3.18% $8,870
The First National Bank of Middle Tennessee 67 2.84% $8,771
MORTGAGE INVESTORS GROUP, INC. 65 2.96% $8,427
AMERISAVE MORTGAGE CORPORATION 62 2.96% $9,898
HOME POINT FINANCIAL CORPORATION 61 2.79% $7,614
NEWREZ LLC 61 2.87% $6,401
EAGLE HOME MORTGAGE, LLC 60 3.31% $10,490
Paramount Residential Mortgage Group, Inc. 60 3.37% $9,972
First Guaranty Mortgage Corporation 58 2.78% $7,292
GUARANTEED RATE, INC. 57 3.02% $9,973
RELIANCE FIRST CAPITAL, LLC 46 2.93% $9,629
THE MORTGAGE FIRM, INC. 45 3.26% $9,949
CapStar Bank 42 2.72% $8,674
CALCON MUTUAL MORTGAGE LLC 41 3.43% $9,736
Nations Lending Corporation 37 3.25% $9,702
First Vision Bank of Tennessee 37 2.83% $8,324
DAS Acquisition Company, LLC 35 2.98% $9,083
STOCKTON MORTGAGE CORPORATION 35 3.11% $9,179
INSPIRE HOME LOANS INC. 33 3.17% $11,827
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 33 3.06% $8,396
Renasant Bank 31 2.81% $9,014
EUSTIS AND AMERICAN MORTGAGE COMPANY 31 3.27% $9,163
AMERICAN FINANCIAL NETWORK, INC. 30 3.12% $14,524
Austin Capital Bank SSB 30 3.30% $9,826
InterContinental Capital Group, Inc 30 2.70% $7,927
Citizens Bank 29 2.70% $10,632
SOUTHWEST FUNDING, LP 28 3.41% $10,426
Bank of Tennessee 28 3.03% $8,212
Bank of England 27 3.31% $8,937
The Home Loan Expert LLC 27 2.82% $8,572
TENNESSEE TRUST MORTGAGE, INC 27 2.55% $7,552
Colten Mortgage, LLC 26 3.38% $9,359
LAND HOME FINANCIAL SERVICES, INC. 25 3.42% $10,723
AMERICAN MORTGAGE SERVICE COMPANY 24 3.00% $7,245
GUARANTY HOME MORTGAGE CORPORATION 24 2.68% $7,984
Wilson Bank And Trust 24 2.83% $6,040
COMMUNITY MORTGAGE CORPORATION 24 2.82% $7,968
SUMMIT FUNDING, INC. 24 3.38% $9,794
AMCAP MORTGAGE, LTD. 23 3.01% $8,430
The Federal Savings Bank 22 2.72% $10,459
Hometown Lenders, Inc. 21 3.09% $11,185
U.S. Bank 21 3.18% $6,751
Northpointe Bank 20 3.11% $9,792
BancorpSouth Bank 20 2.94% $9,341
Legacy Home Loans, LLC 19 2.92% $9,205
GENEVA FINANCIAL, LLC 19 3.26% $8,972
Regions Bank 19 2.95% $8,110
EVANSVILLE TEACHERS 18 2.87% $8,797
ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 3.25% $7,209
T2 FINANCIAL LLC 17 3.40% $9,120
JLB CORPORATION 17 2.85% $8,737
AMERICAN FINANCING CORPORATION 16 3.09% $9,893
The Central Trust Bank 16 2.73% $12,482
SUN WEST MORTGAGE COMPANY, INC. 16 3.26% $8,061
EVERETT FINANCIAL, INC. 15 3.65% $8,871
Pinnacle Bank 15 3.04% $7,438
A Mortgage Boutique, LLC 15 2.73% $9,188
Commerce Home Mortgage, Inc. 14 3.42% $8,316
Christensen Financial, Inc. 14 3.11% $7,784
MID AMERICA MORTGAGE, INC. 14 3.38% $3,982
Magnolia Bank 13 3.02% $8,729
Reliant Bank 13 3.09% $7,435
The Farmers Bank 12 2.50% $7,344
FINANCE OF AMERICA MORTGAGE LLC 11 2.72% $8,617
Ixonia Bank 11 3.65% $10,419
SOVEREIGN LENDING GROUP INCORPORATED 11 2.85% $10,100
Simmons Bank 11 2.93% $7,608
SOUTHPOINT FINANCIAL SERVICES, INC. 11 3.16% $8,252
Bell Bank 11 2.65% $8,543
Mortgage Research Center, LLC 10 2.80% $6,361
Flagstar Bank, FSB 10 2.68% $8,403
SECURITYNATIONAL MORTGAGE COMPANY 10 3.45% $12,903
HOMESIDE FINANCIAL, LLC 10 3.12% $11,512
MORTGAGE SOLUTIONS OF COLORADO, LLC 10 3.60% $9,696
First Federal Bank 10 2.65% $8,887
UNITED MORTGAGE CORP. 9 2.99% $10,634
Legends Bank 9 3.04% $9,151
KELLER MORTGAGE, LLC 9 3.00% $7,645
CORNERSTONE HOME LENDING, INC. 8 2.95% $11,205
NATIONS DIRECT MORTGAGE, LLC 8 3.50% $12,381
UNION HOME MORTGAGE CORP. 8 3.06% $7,549
RESIDENTIAL WHOLESALE MORTGAGE, INC. 8 3.23% $9,235
OCEANSIDE MORTGAGE COMPANY 8 2.87% $3,582
Bank of America 8 2.88% $8,296
Manufacturers and Traders Trust Company 8 3.16% $8,350
PULTE MORTGAGE LLC 8 3.27% $7,097
LEADERONE FINANCIAL CORPORATION 8 3.33% $7,971
VAN DYK MORTGAGE CORPORATION 8 3.50% $8,980
PLAZA HOME MORTGAGE, INC. 7 3.09% $9,237
Equity Prime Mortgage LLC 7 3.04% $10,141
Hometown Equity Mortgage, LLC 7 3.30% $8,757
CELEBRITY HOME LOANS, LLC 7 3.20% $9,359
MUTUAL OF OMAHA MORTGAGE, INC. 7 3.04% $6,930
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.57% $10,368
AmRes Corporation 6 2.71% $10,022
Synovus Bank 6 2.63% $8,233
Origin Bank 6 3.04% $8,768
RUOFF MORTGAGE COMPANY, INC. 6 3.23% $6,566
ARC HOME LLC 6 3.10% $9,838
GUILD MORTGAGE COMPANY 5 2.80% $7,826
SHELTER MORTGAGE COMPANY, L.L.C. 5 3.18% $7,547
SOUTHWEST STAGE FUNDING, LLC 5 3.10% $4,459
NORTHERN MORTGAGE SERVICES, LLC 5 3.45% $8,641
RANLIFE, INC. 5 3.20% $8,088
HOMESTAR FINANCIAL CORPORATION 5 3.05% $6,655
ZILLOW HOME LOANS, LLC 4 2.81% $8,161
Gateway First Bank 4 2.94% $10,192
OCMBC, INC. 4 2.72% $14,974
ENDEAVOR CAPITAL, LLC. 4 3.47% $8,465
FIRST EQUITY MORTGAGE INCORPORATED 4 2.91% $11,712
SeaTrust Mortgage Company 4 2.78% $11,156
United Fidelity Funding Corp. 4 3.09% $10,237
Fifth Third Bank 4 2.97% $6,382
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.03% $10,022
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 4 3.31% $12,047
LIBERTY HOME MORTGAGE CORPORATION 3 3.58% $12,015
Victorian Finance, LLC 3 2.71% $7,956
Low VA Rates, LLC 3 2.71% $7,532
ACADEMY MORTGAGE CORPORATION 3 3.42% $10,016
UNITED SECURITY FINANCIAL CORP 3 3.08% $8,024
MIDLAND MORTGAGE CORPORATION 3 3.33% $5,330
MILEND, INC. 3 2.75% $10,766
COMMUNITY MORTGAGE, LLC 3 2.88% $8,030
Sierra Pacific Mortgage Company, Inc. 3 3.08% $9,100
Alcova Mortgage LLC 3 3.13% $8,593
DATA MORTGAGE, INC. 3 3.79% $10,762
ANGEL OAK HOME LOANS LLC 3 3.08% $8,856
AMERICAN FINANCIAL RESOURCES, INC. 3 3.25% $7,604
HAMILTON HOME LOANS, INC. 3 3.21% $9,470
EMBRACE HOME LOANS, INC. 3 2.83% $9,854
ROSS MORTGAGE CORPORATION 3 3.54% $9,353
PHH Mortgage Corporation 3 3.63% $6,990
Atlantic Union Bank 3 3.33% $12,702
Barrington Bank & Trust Company, N.A. 2 3.25% $9,470
BAYSHORE MORTGAGE FUNDING, LLC 2 2.56% $9,544
Capital City Home Loans, LLC 2 2.63% $7,183
CONTOUR MORTGAGE CORPORATION 2 2.69% $10,899
FBC MORTGAGE, LLC 2 2.81% $11,269
First Federal Bank 2 3.13% $8,355
First Financial Bank 2 2.38% $6,910
First Option Mortgage, LLC 2 3.63% $11,683
KELLEY MORTGAGE, LLC 2 3.00% $5,627
LOANPAL, LLC 2 2.25% $7,791
OPEN MORTGAGE, LLC 2 3.50% $17,430
PANORAMA MORTGAGE GROUP, LLC 2 3.25% $7,696
Prime Choice Funding Inc. 2 2.75% $8,649
SHELTER HOME MORTGAGE, LLC 2 3.69% $10,791
SIRVA MORTGAGE, INC. 2 3.06% $5,599
Sunflower Bank 2 4.50% $9,755
The Union Bank Company 2 2.56% $8,216
Total Media Management, LLC 2 2.69% $7,369
WESTERN EXPRESS LENDING 2 3.13% $8,562
Willamette Valley Bank 2 3.50% $9,963
ON Q FINANCIAL, INC. 1 2.75% $14,829
NP, Inc. 1 2.25% $8,749
North American Savings Bank, F.S.B. 1 2.25% $10,054
Republic State Mortgage Co. 1 3.25% $7,204
RESIDENTIAL BANCORP. 1 3.25% $8,466
RESIDENTIAL HOME FUNDING CORP. 1 2.88% $13,137
NFM, INC. 1 3.88% $13,156
RESOURCE FINANCIAL SERVICES, INC. 1 2.88% $11,293
NETWORK CAPITAL FUNDING CORPORATION 1 3.75% $5,054
NBKC BANK 1 2.88% $5,600
S1L, Inc. 1 3.13% $12,353
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $16,085
NATIONS RELIABLE LENDING, LLC 1 2.75% $10,258
Waterstone Mortgage Corporation 1 3.00% $11,419
Mortgage Lenders Investment Trading Corporation 1 2.75% $20,104
MORTGAGE ACCESS CORP. 1 2.75% $13,168
MLD MORTGAGE INC. 1 3.13% $7,382
Wells Fargo Bank 1 2.63% $9,239
SmartBank 1 2.75% $8,000
SOUTHERN TRUST MORTGAGE, LLC 1 4.50% $16,486
MICHIGAN MUTUAL, INC. 1 2.63% $11,474
MEMBER FIRST MORTGAGE, LLC 1 2.88% $12,722
MCLEAN MORTGAGE CORPORATION 1 2.25% $4,743
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.63% $9,708
Specialized Loan Servicing LLC 1 2.25% $6,941
STEARNS LENDING, LLC 1 2.25% $10,704
LADERA LENDING, INC. 1 2.25% $17,876
KS StateBank 1 2.38% $8,029
JMAC LENDING, INC. 1 3.25% $7,952
Wolfe Financial, Inc 1 3.00% $12,323
HOMESPIRE MORTGAGE CORPORATION 1 2.88% $12,236
Home Mortgage Alliance Corp 1 2.38% $10,286
GSF Mortgage Corporation 1 2.63% $8,862
GMFS LLC 1 2.63% $10,915
Franklin Loan Corporation 1 2.88% $14,744
FLAT BRANCH MORTGAGE, INC. 1 3.13% $8,053
Flanagan State Bank 1 3.38% $9,091
First Mortgage Solutions, LLC 1 2.63% $5,456
First Home Bank 1 3.25% $11,014
First Federal Bank of Kansas City 1 2.25% $15,393
FAY SERVICING, LLC 1 3.13% $4,195
American Mortgage & Equity Consultants, Inc. 1 2.88% $13,618
TOP FLITE FINANCIAL, INC. 1 3.75% $30,300
AMERIFIRST FINANCIAL CORPORATION 1 2.88% $10,274
Towne Bank 1 3.00% $11,302
Trustmark National Bank 1 2.50% $5,349
DRAPER AND KRAMER MORTGAGE CORP. 1 2.50% $6,159
CityWorth Mortgage LLC 1 2.75% $9,406
CIS Financial Services, Inc. 1 2.38% $13,298
CHERRY CREEK MORTGAGE, LLC 1 3.38% $16,747
CERTAINTY HOME LOANS, LLC 1 2.99% $11,386
BETTER MORTGAGE CORPORATION 1 2.50% $6,764
1ST SIGNATURE LENDING, LLC 1 2.75% $7,910
AXIA FINANCIAL, LLC 1 2.75% $12,642
VERITAS FUNDING, LLC 1 2.75% $14,063
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.13% $10,873
ASPIRE FINANCIAL, INC. 1 2.50% $11,487
Wallick & Volk, Inc. 1 3.13% $14,785
POLARIS HOME FUNDING CORP. 1 3.25% $14,039
Prosperity Home Mortgage, LLC 1 3.75% $8,862
Peoples Bank 1 2.88% $7,787
Paramount Bank 1 2.63% $11,097
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.75% $8,886
RAPID MORTGAGE COMPANY 1 3.00% $12,275
ONY GLO, INC. 1 2.38% $8,019

The top Nashville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 810 FHA loans originated. Their average total fees are $7,079, which is $1,612 higher than the next largest lender, LAKEVIEW LOAN SERVICING, LLC.

The lowest fee Nashville FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($3,137), MID AMERICA MORTGAGE, INC. ($3,982), LAKEVIEW LOAN SERVICING, LLC ($5,466), Mr. Cooper ( Nationstar Mortgage ) ($5,474) and AmeriHome Mortgage Company, LLC ($5,567).

The lowest rate Nashville FHA lenders (with over 10 loans originated) are The Farmers Bank (2.50%), TENNESSEE TRUST MORTGAGE, INC (2.55%), HOMEBRIDGE FINANCIAL SERVICES, INC. (2.64%), F&M Bank (2.65%) and Bell Bank (2.65%).

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

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 $380,000 (11.8%) $528,157 (11.0%) 1.40 5,996
2018-02-01 $379,995 (9.8%) $526,531 (9.7%) 1.37 5,964
2018-03-01 $384,483 (9.4%) $535,384 (9.4%) 1.33 5,991
2018-04-01 $387,450 (8.3%) $539,706 (8.0%) 1.30 6,377
2018-05-01 $382,900 (-1.8%) $537,435 (-5.2%) 1.28 6,921
2018-06-01 $378,000 (-3.0%) $531,443 (-5.8%) 1.26 7,468
2018-07-01 $369,950 (-4.6%) $527,091 (-4.9%) 1.23 8,000
2018-08-01 $369,450 (-4.4%) $520,521 (-4.5%) 1.23 8,244
2018-09-01 $364,900 (-5.5%) $509,331 (-5.5%) 1.22 8,946
2018-10-01 $359,550 (-6.0%) $505,923 (-4.7%) 1.20 9,286
2018-11-01 $350,125 (-7.8%) $502,001 (-4.9%) 1.17 9,221
2018-12-01 $354,900 (-6.6%) $506,632 (-4.4%) 1.22 8,632
2019-01-01 $355,589 (-6.4%) $505,506 (-4.3%) 1.23 8,107
2019-02-01 $357,520 (-5.9%) $508,229 (-3.5%) 1.20 7,852
2019-03-01 $364,186 (-5.3%) $524,392 (-2.1%) 1.19 7,623
2019-04-01 $369,900 (-4.5%) $536,902 (-0.5%) 1.16 7,501
2019-05-01 $371,428 (-3.0%) $538,755 (0.3%) 1.14 7,857
2019-06-01 $375,000 (-0.8%) $549,169 (3.3%) 1.15 7,831
2019-07-01 $375,500 (1.5%) $548,314 (4.0%) 1.17 7,933
2019-08-01 $375,100 (1.5%) $548,917 (5.5%) 1.18 7,717
2019-09-01 $373,400 (2.3%) $548,907 (7.8%) 1.19 7,503
2019-10-01 $369,900 (2.9%) $545,241 (7.8%) 1.18 7,868
2019-11-01 $369,900 (5.7%) $546,161 (8.8%) 1.19 7,744
2019-12-01 $367,700 (3.6%) $548,213 (8.2%) 1.23 7,167
2020-01-01 $365,450 (2.8%) $547,694 (8.4%) 1.22 6,447
2020-02-01 $369,900 (3.5%) $554,679 (9.1%) 1.19 5,912
2020-03-01 $378,700 (4.0%) $558,260 (6.5%) 1.18 5,836
2020-04-01 $374,995 (1.4%) $544,041 (1.3%) 1.17 6,626
2020-05-01 $385,000 (3.7%) $564,918 (4.9%) 1.17 6,498
2020-06-01 $390,000 (4.0%) $582,703 (6.1%) 1.14 6,012
2020-07-01 $389,945 (3.9%) $592,991 (8.2%) 1.12 6,225
2020-08-01 $395,418 (5.4%) $609,514 (11.0%) 1.13 5,347
2020-09-01 $399,900 (7.1%) $605,249 (10.3%) 1.14 4,698
2020-10-01 $399,900 (8.1%) $619,953 (13.7%) 1.14 4,474
2020-11-01 $397,218 (7.4%) $618,919 (13.3%) 1.14 4,070
2020-12-01 $395,900 (7.7%) $620,901 (13.3%) 1.16 3,676
2021-01-01 $398,187 (9.0%) $622,966 (13.7%) 1.17 3,135
2021-02-01 $397,450 (7.5%) $650,958 (17.4%) 1.14 2,450
2021-03-01 $399,900 (5.6%) $664,141 (19.0%) 1.12 2,145
2021-04-01 $413,805 (10.4%) $695,623 (27.9%) 1.11 1,961
2021-05-01 $415,000 (7.8%) $728,675 (29.0%) 1.09 1,899
2021-06-01 $429,450 (10.1%) $753,562 (29.3%) 1.12 2,100
2021-07-01 $446,000 (14.4%) $783,640 (32.2%) 1.16 2,411
2021-08-01 $439,900 (11.3%) $761,839 (25.0%) 1.16 2,618
2021-09-01 $445,413 (11.4%) $768,294 (26.9%) 1.17 2,716
2021-10-01 $450,000 (12.5%) $773,902 (24.8%) 1.18 2,819
2021-11-01 $455,450 (14.7%) $797,105 (28.8%) 1.20 2,525
2021-12-01 $459,900 (16.2%) $834,725 (34.4%) 1.23 1,985
2022-01-01 $453,000 (13.8%) $841,599 (35.1%) 1.21 1,606
2022-02-01 $472,450 (18.9%) $832,315 (27.9%) 1.20 1,489
2022-03-01 $499,900 (25.0%) $875,195 (31.8%) 1.23 1,497
2022-04-01 $524,900 (26.9%) $904,674 (30.1%) 1.24 1,778
2022-05-01 $549,700 (32.5%) $918,786 (26.1%) 1.23 2,622
2022-06-01 $560,950 (30.6%) $887,924 (17.8%) 1.25 3,897
Nashville's median listing price for 2022-06-01 was $560,950, a difference of $131,500 (30.6%) versus the prior year and $11,250 versus the prior month.

Nashville's median listing price comes in at 125% of the national average.

Nashville's average listing price for 2022-06-01 was $887,924, a difference of $134,362 (17.8%) versus the prior year and $-30,862 versus the prior month.

For the 2022-06-01 period, Nashville had 3,897 MLS listings, a difference of 1,275 listings (49%) versus the prior month and 1,797 listings (86%) 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 52 days 2,405 sqft
2018-02-01 39 days 2,401 sqft
2018-03-01 36 days 2,400 sqft
2018-04-01 35 days 2,408 sqft
2018-05-01 35 days 2,396 sqft
2018-06-01 35 days 2,390 sqft
2018-07-01 36 days 2,376 sqft
2018-08-01 37 days 2,334 sqft
2018-09-01 38 days 2,308 sqft
2018-10-01 42 days 2,285 sqft
2018-11-01 43 days 2,273 sqft
2018-12-01 50 days 2,280 sqft
2019-01-01 54 days 2,301 sqft
2019-02-01 45 days 2,304 sqft
2019-03-01 39 days 2,341 sqft
2019-04-01 35 days 2,392 sqft
2019-05-01 34 days 2,406 sqft
2019-06-01 36 days 2,415 sqft
2019-07-01 37 days 2,407 sqft
2019-08-01 39 days 2,404 sqft
2019-09-01 38 days 2,389 sqft
2019-10-01 37 days 2,360 sqft
2019-11-01 42 days 2,327 sqft
2019-12-01 46 days 2,322 sqft
2020-01-01 49 days 2,307 sqft
2020-02-01 36 days 2,308 sqft
2020-03-01 35 days 2,330 sqft
2020-04-01 35 days 2,305 sqft
2020-05-01 37 days 2,340 sqft
2020-06-01 34 days 2,333 sqft
2020-07-01 31 days 2,291 sqft
2020-08-01 32 days 2,239 sqft
2020-09-01 33 days 2,175 sqft
2020-10-01 32 days 2,137 sqft
2020-11-01 32 days 2,093 sqft
2020-12-01 37 days 2,066 sqft
2021-01-01 36 days 2,003 sqft
2021-02-01 26 days 1,995 sqft
2021-03-01 22 days 1,968 sqft
2021-04-01 19 days 1,955 sqft
2021-05-01 15 days 2,000 sqft
2021-06-01 15 days 1,993 sqft
2021-07-01 17 days 2,026 sqft
2021-08-01 19 days 2,040 sqft
2021-09-01 21 days 2,044 sqft
2021-10-01 22 days 2,056 sqft
2021-11-01 24 days 2,056 sqft
2021-12-01 31 days 2,057 sqft
2022-01-01 29 days 2,041 sqft
2022-02-01 16 days 2,046 sqft
2022-03-01 14 days 2,042 sqft
2022-04-01 11 days 2,112 sqft
2022-05-01 14 days 2,185 sqft
2022-06-01 15 days 2,248 sqft
Nashville's median listing age (time on market) for 2022-06-01 was 15 days. This is 3% longer than the same period one year ago.

Nashville's median square footage for active listings during the 2022-06-01 period was 2,248 sqft. One year prior, the average listing was 1,993 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).