Nashville USDA Loan Rates, Closing Costs & Stats

NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Nashville's 58 lenders originated 148 USDA loans during 2024. The total origination value was $42,700,000, with an average USDA loan value of $288,514.

Nashville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Nashville averaged -0.05% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Nashville's average USDA mortgage closing costs are $5,947.

The average rate for the prior week (2025-06-13) was 6.75% and one month ago for the week of 2025-05-16, the average rate was 6.71%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.1%.

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

Nashville USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Nashville level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 15 6.00% $9,037
CMG MORTGAGE, INC. 15 5.98% $9,918
NEWREZ LLC 10 5.89% $7,780
DHI MORTGAGE COMPANY, LTD. 7 5.05% $5,654
FIRST COMMUNITY MORTGAGE, INC. 7 6.14% $10,175
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.29% $6,707
FirstBank 5 6.15% $10,954
ACOPIA, LLC 5 6.37% $8,272
MORTGAGE INVESTORS GROUP, INC. 4 5.78% $9,383
SUCCESS MORTGAGE PARTNERS, INC. 4 6.59% $9,398
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.34% $6,810
ISERVE RESIDENTIAL LENDING, LLC 3 6.29% $7,909
EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.37% $7,956
GARDNER FINANCIAL SERVICES, LTD. 3 6.46% $6,997
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.75% $12,796
HOMEAMERICAN MORTGAGE CORPORATION 2 5.12% $6,381
Ixonia Bank 2 5.56% $13,077
Equity Prime Mortgage LLC 2 5.81% $12,184
The First National Bank of Middle Tennessee 2 6.19% $8,234
First Federal Bank 2 5.94% $8,363
United Community Bank 2 6.56% $5,593
Old National Bank 2 5.69% $7,493
NVR Mortgage Finance, Inc. 2 6.37% $5,818
GUARANTEED RATE, INC. 2 6.75% $6,694
CASTLE & COOKE MORTGAGE, LLC 2 6.50% $8,437
STOCKTON MORTGAGE CORPORATION 1 6.50% $7,122
SUMMIT FUNDING, INC. 1 5.25% $20,587
SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $9,225
T2 FINANCIAL LLC 1 6.50% $5,804
TENNESSEE TRUST MORTGAGE, INC 1 6.25% $6,632
The Farmers Bank 1 6.00% $7,394
The Loan Store, Inc. 1 6.63% $4,519
1ST SIGNATURE LENDING, LLC 1 5.25% $16,564
Wilson Bank And Trust 1 6.75% $8,506
AMERICAN FINANCIAL RESOURCES, INC. 1 5.38% $9,028
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $9,453
Ameris Bank 1 7.00% $5,983
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.38% $8,263
BancorpSouth 1 6.25% $12,970
Bank of Tennessee 1 5.75% $15,461
Barrington Bank & Trust Company, N.A. 1 6.25% $7,746
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $12,531
Edmonton State Bank 1 6.63% $5,563
First Horizon Bank 1 6.63% $8,279
FLAT BRANCH MORTGAGE, INC. 1 6.25% $7,471
Franklin Loan Corporation 1 5.99% $6,921
GUILD MORTGAGE COMPANY 1 5.99% $11,169
Leaders Credit Union 1 6.38% $3,873
Legends Bank 1 6.63% $5,701
LOANDEPOT.COM, LLC 1 6.38% $6,345
MID AMERICA MORTGAGE, INC. 1 6.25% $6,815
Mortgage Research Center, LLC 1 5.63% $4,494
MOVEMENT MORTGAGE, LLC 1 6.75% $5,358
ON Q FINANCIAL, INC. 1 6.25% $7,767
PLAZA HOME MORTGAGE, INC. 1 6.63% $8,651
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.00% $6,516
SeaTrust Mortgage Company 1 6.13% $7,492
SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.00% $6,889

The top Nashville USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 15 USDA loans originated. Their average total fees are $9,037, which is $882 lower than the next largest lender, CMG MORTGAGE, INC..

The lowest fee Nashville USDA lenders (with over 10 loans originated) are NEWREZ LLC ($7,780), UNITED WHOLESALE MORTGAGE, LLC ($9,037), CMG MORTGAGE, INC. ($9,918), .

The lowest rate Nashville USDA lenders (with over 10 loans originated) are NEWREZ LLC (5.89%), CMG MORTGAGE, INC. (5.98%), UNITED WHOLESALE MORTGAGE, LLC (6.00%), .