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%.
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.
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%), .