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
6.22%
for the week of 2025-02-14, compared to the national average (all FHA variants) of
6.515% for the same period.
Nashville's average FHA mortgage closing costs are $9,373.
The average rate for the prior week (2025-02-07) was
6.43% and
one month ago for the week of 2025-01-10, the
average rate was 6.59%.
The average rate one year ago was 6.42%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.43%.
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.
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 | $381,423 (12.3%) | $527,800 (12.0%) | 1.42 | 5,943 |
| 2018-02-01 | $379,986 (10.1%) | $524,171 (9.9%) | 1.39 | 5,956 |
| 2018-03-01 | $384,900 (9.9%) | $532,461 (9.6%) | 1.35 | 5,977 |
| 2018-04-01 | $387,000 (9.0%) | $538,072 (8.4%) | 1.32 | 6,369 |
| 2018-05-01 | $384,900 (-1.3%) | $536,123 (-4.9%) | 1.29 | 6,893 |
| 2018-06-01 | $378,900 (-2.8%) | $530,166 (-5.4%) | 1.27 | 7,401 |
| 2018-07-01 | $372,022 (-3.4%) | $524,987 (-4.6%) | 1.25 | 7,972 |
| 2018-08-01 | $368,700 (-4.7%) | $517,600 (-4.6%) | 1.24 | 8,205 |
| 2018-09-01 | $364,900 (-6.0%) | $507,930 (-5.7%) | 1.23 | 8,850 |
| 2018-10-01 | $359,450 (-5.7%) | $503,894 (-5.1%) | 1.22 | 9,209 |
| 2018-11-01 | $353,000 (-7.1%) | $501,127 (-5.0%) | 1.20 | 9,137 |
| 2018-12-01 | $355,000 (-6.6%) | $504,037 (-4.9%) | 1.23 | 8,520 |
| 2019-01-01 | $355,765 (-6.7%) | $502,972 (-4.7%) | 1.23 | 8,044 |
| 2019-02-01 | $359,250 (-5.5%) | $506,345 (-3.4%) | 1.22 | 7,816 |
| 2019-03-01 | $364,186 (-5.4%) | $520,264 (-2.3%) | 1.19 | 7,618 |
| 2019-04-01 | $369,900 (-4.4%) | $532,050 (-1.1%) | 1.17 | 7,551 |
| 2019-05-01 | $372,900 (-3.1%) | $537,888 (0.3%) | 1.17 | 7,836 |
| 2019-06-01 | $375,900 (-0.8%) | $546,541 (3.1%) | 1.18 | 7,841 |
| 2019-07-01 | $374,950 (0.8%) | $543,749 (3.6%) | 1.17 | 7,939 |
| 2019-08-01 | $373,609 (1.3%) | $544,904 (5.3%) | 1.18 | 7,902 |
| 2019-09-01 | $371,523 (1.8%) | $546,569 (7.6%) | 1.19 | 7,839 |
| 2019-10-01 | $369,900 (2.9%) | $545,787 (8.3%) | 1.19 | 7,874 |
| 2019-11-01 | $369,000 (4.5%) | $543,453 (8.5%) | 1.21 | 7,748 |
| 2019-12-01 | $366,230 (3.2%) | $540,356 (7.2%) | 1.23 | 7,161 |
| 2020-01-01 | $365,400 (2.7%) | $538,341 (7.0%) | 1.22 | 6,445 |
| 2020-02-01 | $369,000 (2.7%) | $543,419 (7.3%) | 1.21 | 5,987 |
| 2020-03-01 | $376,475 (3.4%) | $547,876 (5.3%) | 1.19 | 5,897 |
| 2020-04-01 | $374,950 (1.4%) | $536,906 (0.9%) | 1.18 | 6,622 |
| 2020-05-01 | $385,000 (3.2%) | $558,168 (3.8%) | 1.17 | 6,609 |
| 2020-06-01 | $391,445 (4.1%) | $577,358 (5.6%) | 1.16 | 6,127 |
| 2020-07-01 | $391,820 (4.5%) | $589,179 (8.4%) | 1.14 | 6,123 |
| 2020-08-01 | $394,900 (5.7%) | $608,088 (11.6%) | 1.13 | 5,381 |
| 2020-09-01 | $399,694 (7.6%) | $604,219 (10.6%) | 1.15 | 4,847 |
| 2020-10-01 | $399,900 (8.1%) | $618,071 (13.2%) | 1.15 | 4,562 |
| 2020-11-01 | $397,173 (7.6%) | $619,026 (13.9%) | 1.16 | 4,203 |
| 2020-12-01 | $394,950 (7.8%) | $622,948 (15.3%) | 1.18 | 3,724 |
| 2021-01-01 | $391,990 (7.3%) | $621,941 (15.5%) | 1.17 | 3,160 |
| 2021-02-01 | $396,050 (7.3%) | $649,479 (19.5%) | 1.16 | 2,519 |
| 2021-03-01 | $399,900 (6.2%) | $661,310 (20.7%) | 1.13 | 2,231 |
| 2021-04-01 | $409,950 (9.3%) | $688,509 (28.2%) | 1.12 | 2,067 |
| 2021-05-01 | $410,950 (6.7%) | $720,270 (29.0%) | 1.10 | 2,010 |
| 2021-06-01 | $427,450 (9.2%) | $755,104 (30.8%) | 1.13 | 2,157 |
| 2021-07-01 | $445,000 (13.6%) | $776,424 (31.8%) | 1.18 | 2,596 |
| 2021-08-01 | $439,900 (11.4%) | $762,398 (25.4%) | 1.18 | 2,710 |
| 2021-09-01 | $443,684 (11.0%) | $765,794 (26.7%) | 1.19 | 2,858 |
| 2021-10-01 | $454,900 (13.8%) | $777,134 (25.7%) | 1.22 | 2,921 |
| 2021-11-01 | $459,200 (15.6%) | $791,116 (27.8%) | 1.23 | 2,600 |
| 2021-12-01 | $459,425 (16.3%) | $823,463 (32.2%) | 1.25 | 2,070 |
| 2022-01-01 | $453,000 (15.6%) | $837,731 (34.7%) | 1.24 | 1,658 |
| 2022-02-01 | $472,000 (19.2%) | $829,653 (27.7%) | 1.24 | 1,551 |
| 2022-03-01 | $499,900 (25.0%) | $868,952 (31.4%) | 1.25 | 1,631 |
| 2022-04-01 | $525,000 (28.1%) | $898,015 (30.4%) | 1.25 | 2,004 |
| 2022-05-01 | $549,800 (33.8%) | $916,169 (27.2%) | 1.26 | 2,737 |
| 2022-06-01 | $561,468 (31.4%) | $883,034 (16.9%) | 1.25 | 3,985 |
| 2022-07-01 | $549,900 (23.6%) | $845,494 (8.9%) | 1.24 | 5,455 |
| 2022-08-01 | $533,120 (21.2%) | $809,714 (6.2%) | 1.24 | 6,130 |
| 2022-09-01 | $528,875 (19.2%) | $814,162 (6.3%) | 1.24 | 6,401 |
| 2022-10-01 | $524,900 (15.4%) | $814,361 (4.8%) | 1.24 | 7,117 |
| 2022-11-01 | $521,500 (13.6%) | $804,063 (1.6%) | 1.26 | 7,333 |
| 2022-12-01 | $515,000 (12.1%) | $803,745 (-2.4%) | 1.28 | 6,691 |
| 2023-01-01 | $505,450 (11.6%) | $782,701 (-6.6%) | 1.26 | 6,481 |
| 2023-02-01 | $517,400 (9.6%) | $796,171 (-4.0%) | 1.25 | 6,124 |
| 2023-03-01 | $527,450 (5.5%) | $818,726 (-5.8%) | 1.24 | 5,685 |
| 2023-04-01 | $559,999 (6.7%) | $864,024 (-3.8%) | 1.31 | 5,794 |
| 2023-05-01 | $579,539 (5.4%) | $918,108 (0.2%) | 1.32 | 6,086 |
| 2023-06-01 | $589,945 (5.1%) | $935,753 (6.0%) | 1.33 | 6,466 |
| 2023-07-01 | $590,000 (7.3%) | $940,295 (11.2%) | 1.35 | 6,639 |
| 2023-08-01 | $582,450 (9.3%) | $917,406 (13.3%) | 1.34 | 6,882 |
| 2023-09-01 | $575,000 (8.7%) | $921,454 (13.2%) | 1.35 | 6,934 |
| 2023-10-01 | $572,400 (9.1%) | $922,216 (13.2%) | 1.35 | 7,042 |
| 2023-11-01 | $561,942 (7.8%) | $907,689 (12.9%) | 1.34 | 7,390 |
| 2023-12-01 | $555,000 (7.8%) | $898,561 (11.8%) | 1.36 | 6,971 |
| 2024-01-01 | $559,450 (10.7%) | $897,854 (14.7%) | 1.37 | 6,170 |
| 2024-02-01 | $559,900 (8.2%) | $896,932 (12.7%) | 1.35 | 5,952 |
| 2024-03-01 | $555,400 (5.3%) | $904,439 (10.5%) | 1.32 | 6,204 |
| 2024-04-01 | $572,495 (2.2%) | $917,215 (6.2%) | 1.33 | 6,776 |
| 2024-05-01 | $581,870 (0.4%) | $932,838 (1.6%) | 1.33 | 7,168 |
| 2024-06-01 | $574,900 (-2.6%) | $908,690 (-2.9%) | 1.29 | 7,751 |
| 2024-07-01 | $564,500 (-4.3%) | $899,409 (-4.4%) | 1.30 | 8,398 |
| 2024-08-01 | $550,000 (-5.6%) | $882,864 (-3.8%) | 1.28 | 8,610 |
| 2024-09-01 | $545,450 (-5.1%) | $860,543 (-6.6%) | 1.29 | 9,052 |
| 2024-10-01 | $541,200 (-5.5%) | $854,097 (-7.4%) | 1.28 | 9,119 |
| 2024-11-01 | $539,900 (-3.9%) | $848,753 (-6.5%) | 1.30 | 9,540 |
| 2024-12-01 | $537,058 (-3.2%) | $847,505 (-5.7%) | 1.34 | 8,170 |
| 2025-01-01 | $525,000 (-6.2%) | $843,216 (-6.1%) | 0.00 | 7,595 |
Nashville's median listing price comes in at 0% of the national average.
Nashville's average listing price for 2025-01-01 was $843,216, a difference of $-54,638 (-6.1%) versus the prior year and $-4,289 versus the prior month.
For the 2025-01-01 period, Nashville had 7,595 MLS listings, a difference of -575 listings (-7%) versus the prior month and 1,425 listings (23%) 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 | 2,407 sqft |
| 2018-02-01 | 39 days | 2,401 sqft |
| 2018-03-01 | 36 days | 2,407 sqft |
| 2018-04-01 | 33 days | 2,408 sqft |
| 2018-05-01 | 33 days | 2,397 sqft |
| 2018-06-01 | 34 days | 2,395 sqft |
| 2018-07-01 | 36 days | 2,378 sqft |
| 2018-08-01 | 37 days | 2,337 sqft |
| 2018-09-01 | 38 days | 2,308 sqft |
| 2018-10-01 | 42 days | 2,285 sqft |
| 2018-11-01 | 43 days | 2,279 sqft |
| 2018-12-01 | 50 days | 2,285 sqft |
| 2019-01-01 | 54 days | 2,300 sqft |
| 2019-02-01 | 44 days | 2,302 sqft |
| 2019-03-01 | 39 days | 2,344 sqft |
| 2019-04-01 | 34 days | 2,391 sqft |
| 2019-05-01 | 33 days | 2,408 sqft |
| 2019-06-01 | 36 days | 2,413 sqft |
| 2019-07-01 | 37 days | 2,406 sqft |
| 2019-08-01 | 37 days | 2,398 sqft |
| 2019-09-01 | 37 days | 2,378 sqft |
| 2019-10-01 | 37 days | 2,355 sqft |
| 2019-11-01 | 40 days | 2,320 sqft |
| 2019-12-01 | 46 days | 2,312 sqft |
| 2020-01-01 | 48 days | 2,302 sqft |
| 2020-02-01 | 36 days | 2,305 sqft |
| 2020-03-01 | 33 days | 2,318 sqft |
| 2020-04-01 | 35 days | 2,302 sqft |
| 2020-05-01 | 36 days | 2,333 sqft |
| 2020-06-01 | 33 days | 2,330 sqft |
| 2020-07-01 | 31 days | 2,287 sqft |
| 2020-08-01 | 31 days | 2,236 sqft |
| 2020-09-01 | 31 days | 2,170 sqft |
| 2020-10-01 | 30 days | 2,120 sqft |
| 2020-11-01 | 31 days | 2,085 sqft |
| 2020-12-01 | 36 days | 2,054 sqft |
| 2021-01-01 | 34 days | 2,000 sqft |
| 2021-02-01 | 25 days | 1,993 sqft |
| 2021-03-01 | 18 days | 1,957 sqft |
| 2021-04-01 | 16 days | 1,946 sqft |
| 2021-05-01 | 11 days | 1,994 sqft |
| 2021-06-01 | 12 days | 1,980 sqft |
| 2021-07-01 | 15 days | 2,020 sqft |
| 2021-08-01 | 16 days | 2,025 sqft |
| 2021-09-01 | 19 days | 2,031 sqft |
| 2021-10-01 | 19 days | 2,050 sqft |
| 2021-11-01 | 22 days | 2,049 sqft |
| 2021-12-01 | 28 days | 2,048 sqft |
| 2022-01-01 | 26 days | 2,040 sqft |
| 2022-02-01 | 14 days | 2,036 sqft |
| 2022-03-01 | 11 days | 2,039 sqft |
| 2022-04-01 | 10 days | 2,103 sqft |
| 2022-05-01 | 12 days | 2,174 sqft |
| 2022-06-01 | 15 days | 2,239 sqft |
| 2022-07-01 | 21 days | 2,216 sqft |
| 2022-08-01 | 26 days | 2,210 sqft |
| 2022-09-01 | 31 days | 2,197 sqft |
| 2022-10-01 | 31 days | 2,193 sqft |
| 2022-11-01 | 38 days | 2,187 sqft |
| 2022-12-01 | 48 days | 2,193 sqft |
| 2023-01-01 | 52 days | 2,173 sqft |
| 2023-02-01 | 38 days | 2,180 sqft |
| 2023-03-01 | 35 days | 2,203 sqft |
| 2023-04-01 | 32 days | 2,248 sqft |
| 2023-05-01 | 30 days | 2,282 sqft |
| 2023-06-01 | 34 days | 2,301 sqft |
| 2023-07-01 | 33 days | 2,294 sqft |
| 2023-08-01 | 37 days | 2,279 sqft |
| 2023-09-01 | 37 days | 2,271 sqft |
| 2023-10-01 | 37 days | 2,256 sqft |
| 2023-11-01 | 39 days | 2,228 sqft |
| 2023-12-01 | 44 days | 2,207 sqft |
| 2024-01-01 | 46 days | 2,200 sqft |
| 2024-02-01 | 38 days | 2,188 sqft |
| 2024-03-01 | 32 days | 2,170 sqft |
| 2024-04-01 | 31 days | 2,177 sqft |
| 2024-05-01 | 30 days | 2,201 sqft |
| 2024-06-01 | 32 days | 2,191 sqft |
| 2024-07-01 | 36 days | 2,168 sqft |
| 2024-08-01 | 38 days | 2,151 sqft |
| 2024-09-01 | 52 days | 2,143 sqft |
| 2024-10-01 | 54 days | 2,135 sqft |
| 2024-11-01 | 64 days | 2,123 sqft |
| 2024-12-01 | 66 days | 2,099 sqft |
| 2025-01-01 | 0 days | 2,086 sqft |
Nashville's median square footage for active listings during the 2025-01-01 period was 2,086 sqft. One year prior, the average listing was 2,200 sqft.