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 57 lenders originated 167 USDA loans during 2023. The total origination value was $47,085,000, with an average USDA loan value of $281,946.

    Nashville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Nashville averaged 6.41% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Nashville's average USDA mortgage closing costs are $5,848.

    The average rate for the prior week (2025-02-07) was 6.37% and one month ago for the week of 2025-01-10, the average rate was 6.52%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.83%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 18 5.75% $10,751
    CMG MORTGAGE, INC. 13 5.93% $9,338
    DHI MORTGAGE COMPANY, LTD. 12 5.22% $5,372
    NVR Mortgage Finance, Inc. 11 5.75% $7,690
    FIRST COMMUNITY MORTGAGE, INC. 9 6.04% $10,641
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.05% $8,636
    NEWREZ LLC 7 5.80% $7,630
    MORTGAGE INVESTORS GROUP, INC. 7 5.89% $6,908
    ACOPIA, LLC 6 5.98% $7,907
    SeaTrust Mortgage Company 5 5.68% $10,023
    INTERLINC MORTGAGE SERVICES, LLC 4 6.47% $4,091
    HOMESIDE FINANCIAL, LLC 4 6.28% $8,496
    First Vision Bank of Tennessee 3 5.92% $9,551
    The Farmers Bank 3 5.63% $6,772
    SUN WEST MORTGAGE COMPANY, INC. 2 6.56% $8,271
    CapStar Bank 2 6.13% $9,490
    FirstBank 2 6.13% $11,312
    FIRST COLONY MORTGAGE CORPORATION 2 6.31% $7,206
    Bank of Tennessee 2 7.18% $8,069
    GUARANTEED RATE, INC. 2 6.13% $7,362
    ISERVE RESIDENTIAL LENDING, LLC 2 6.63% $9,415
    MOVEMENT MORTGAGE, LLC 2 6.75% $9,917
    CHURCHILL MORTGAGE CORPORATION 2 6.13% $7,813
    THRIVE MORTGAGE, LLC 2 6.25% $8,745
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $6,025
    TOWNE MORTGAGE COMPANY 1 7.25% $7,939
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $7,758
    Wilson Bank And Trust 1 5.75% $5,994
    Bank of England 1 6.38% $6,875
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $10,199
    LAND HOME FINANCIAL SERVICES, INC. 1 5.88% $6,951
    Legacy Home Loans, LLC 1 5.63% $6,454
    Ameris Bank 1 6.50% $8,156
    Mortgage Research Center, LLC 1 5.25% $4,483
    U.S. Bank 1 5.50% $5,531
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $10,472
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.13% $6,882
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $7,985
    PLANET HOME LENDING, LLC 1 5.63% $6,454
    PLAZA HOME MORTGAGE, INC. 1 6.63% $7,820
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $6,205
    Regions Bank 1 6.75% $5,353
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.63% $7,058
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.75% $13,903
    SHELTER LENDING SERVICES, L.L.C. 1 6.75% $10,890
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $8,733
    VAN DYK MORTGAGE CORPORATION 1 5.88% $5,432
    SWBC MORTGAGE CORPORATION 1 6.13% $2,853
    EAGLE HOME MORTGAGE, LLC 1 4.99% $9,049
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.38% $11,794
    TENNESSEE TRUST MORTGAGE, INC 1 6.25% $5,675
    Fifth Third Bank 1 5.38% $10,707
    CROSSCOUNTRY MORTGAGE, LLC 1 7.00% $7,354
    The First National Bank of Middle Tennessee 1 7.13% $8,728
    Citizens Bank 1 5.25% $9,622
    CARDINAL FINANCIAL 1 5.25% $11,337
    Flagstar Bank, FSB 1 5.75% $10,021

    The top Nashville USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 18 USDA loans originated. Their average total fees are $10,751, which is $1,414 higher than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Nashville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,372), NVR Mortgage Finance, Inc. ($7,690), CMG MORTGAGE, INC. ($9,338), UNITED WHOLESALE MORTGAGE, LLC ($10,751) and .

    The lowest rate Nashville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.22%), NVR Mortgage Finance, Inc. (5.75%), UNITED WHOLESALE MORTGAGE, LLC (5.75%), CMG MORTGAGE, INC. (5.93%) and .

    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 for 2025-01-01 was $525,000, a difference of $-34,450 (-6.2%) versus the prior year and $-12,058 versus the prior month.

    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 listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Nashville's median square footage for active listings during the 2025-01-01 period was 2,086 sqft. One year prior, the average listing was 2,200 sqft.