Nashville USDA Loan Rates, Closing Costs & Stats

NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN

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    • 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 6.5% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

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

    The average rate for the prior week (2025-04-04) was 6.45% and one month ago for the week of 2025-03-07, the average rate was 6.52%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.24%.

    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%), .

    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%) 1.41 5,943
    2018-02-01 $379,986 (10.1%) $524,171 (9.9%) 1.38 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%) 1.31 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%) 1.26 7,401
    2018-07-01 $372,022 (-3.4%) $524,987 (-4.6%) 1.24 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%) 1.22 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%) 1.21 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%) 1.17 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%) 1.22 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%) 1.18 5,897
    2020-04-01 $374,950 (1.4%) $536,906 (0.9%) 1.17 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%) 1.15 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%) 1.17 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%) 1.15 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%) 1.11 2,067
    2021-05-01 $410,950 (6.7%) $720,270 (29.0%) 1.09 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%) 1.17 2,596
    2021-08-01 $439,900 (11.4%) $762,398 (25.4%) 1.17 2,710
    2021-09-01 $443,684 (11.0%) $765,794 (26.7%) 1.18 2,858
    2021-10-01 $454,900 (13.8%) $777,134 (25.7%) 1.21 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%) 1.24 2,070
    2022-01-01 $453,000 (15.6%) $837,731 (34.7%) 1.22 1,658
    2022-02-01 $472,000 (19.2%) $829,653 (27.7%) 1.23 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%) 1.23 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%) 1.25 7,333
    2022-12-01 $515,000 (12.1%) $803,745 (-2.4%) 1.27 6,691
    2023-01-01 $505,450 (11.6%) $782,701 (-6.6%) 1.25 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%) 1.30 5,794
    2023-05-01 $579,539 (5.4%) $918,108 (0.2%) 1.31 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%) 1.34 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%) 1.34 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%) 1.35 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%) 1.31 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%) 1.32 7,168
    2024-06-01 $574,900 (-2.6%) $908,690 (-2.9%) 1.31 7,751
    2024-07-01 $564,500 (-4.3%) $899,409 (-4.4%) 1.29 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%) 1.28 9,052
    2024-10-01 $541,200 (-5.5%) $854,097 (-7.4%) 1.27 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%) 1.33 8,170
    2025-01-01 $525,000 (-6.2%) $843,216 (-6.1%) 1.31 7,595
    2025-02-01 $529,450 (-5.4%) $836,470 (-6.7%) 1.29 7,784
    2025-03-01 $535,000 (-3.7%) $836,897 (-7.5%) 0.00 8,142
    Nashville's median listing price for 2025-03-01 was $535,000, a difference of $-20,400 (-3.7%) versus the prior year and $5,550 versus the prior month.

    Nashville's median listing price comes in at 0% of the national average.

    Nashville's average listing price for 2025-03-01 was $836,897, a difference of $-67,542 (-7.5%) versus the prior year and $427 versus the prior month.

    For the 2025-03-01 period, Nashville had 8,142 MLS listings, a difference of 358 listings (5%) versus the prior month and 1,938 listings (31%) 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 49 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 32 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 15 days 2,036 sqft
    2022-03-01 11 days 2,039 sqft
    2022-04-01 11 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 27 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 53 days 2,173 sqft
    2023-02-01 38 days 2,180 sqft
    2023-03-01 36 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 39 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 65 days 2,086 sqft
    2025-02-01 55 days 2,085 sqft
    2025-03-01 0 days 2,095 sqft
    Nashville's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Nashville's median square footage for active listings during the 2025-03-01 period was 2,095 sqft. One year prior, the average listing was 2,170 sqft.