Tennessee FHA Loan Rates, Closing Costs & Stats

Tennessee

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.

Tennessee FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Tennessee averaged 6.59% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Tennessee's average FHA mortgage closing costs are $8,711.

The average rate for the prior week (2025-03-28) was 6.49% and one month ago for the week of 2025-02-28, the average rate was 6.37%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.06%.

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

Tennessee 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 Tennessee level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 2,069 6.24% $12,019
UNITED WHOLESALE MORTGAGE, LLC 1,825 6.07% $14,114
MORTGAGE INVESTORS GROUP, INC. 1,042 6.37% $10,652
CMG MORTGAGE, INC. 942 6.43% $14,260
FIRST COMMUNITY MORTGAGE, INC. 896 6.37% $12,713
DHI MORTGAGE COMPANY, LTD. 653 5.62% $8,182
FREEDOM MORTGAGE CORPORATION 589 6.38% $12,279
LOANDEPOT.COM, LLC 556 6.00% $12,981
PENNYMAC LOAN SERVICES, LLC 472 6.03% $12,167
MOVEMENT MORTGAGE, LLC 467 6.54% $12,310
NVR Mortgage Finance, Inc. 435 6.10% $11,096
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 413 6.45% $12,477
CROSSCOUNTRY MORTGAGE, LLC 393 6.45% $13,510
BROKER SOLUTIONS, INC. 356 6.77% $12,464
FirstBank 328 6.32% $12,103
GUARANTEED RATE, INC. 305 6.28% $12,216
Equity Prime Mortgage LLC 273 6.73% $12,496
STOCKTON MORTGAGE CORPORATION 262 6.53% $11,556
CARDINAL FINANCIAL 247 6.62% $13,776
SeaTrust Mortgage Company 243 6.38% $12,791
COMMUNITY MORTGAGE CORPORATION 240 6.26% $10,500
UNION HOME MORTGAGE CORP. 224 6.38% $12,131
NEWREZ LLC 199 6.26% $12,176
Regions Bank 195 6.48% $8,991
AMERICAN PACIFIC MORTGAGE CORPORATION 176 6.64% $14,326
Carrington Mortgage Services, LLC 176 6.27% $13,305
MUTUAL OF OMAHA MORTGAGE, INC. 165 6.66% $14,709
Leaders Credit Union 160 6.66% $5,894
AMERICAN FINANCIAL NETWORK, INC. 159 6.60% $12,406
Mr. Cooper ( Nationstar Mortgage ) 158 6.46% $13,343
Flagstar Bank, FSB 146 6.18% $10,771
ARK-LA-TEX FINANCIAL SERVICES, LLC. 144 6.44% $9,417
LAKEVIEW LOAN SERVICING, LLC 138 6.29% $9,214
EAGLE HOME MORTGAGE, LLC 137 4.80% $13,322
Pinnacle Bank 136 6.11% $11,238
The First National Bank of Middle Tennessee 133 6.21% $11,430
AMERICAN FINANCIAL RESOURCES, INC. 128 6.56% $11,828
EVERETT FINANCIAL, INC. 120 6.64% $10,037
SWBC MORTGAGE CORPORATION 120 6.60% $8,885
BancorpSouth 118 6.14% $9,838
GUILD MORTGAGE COMPANY 116 6.76% $13,132
Patriot Bank 115 5.95% $9,237
ISERVE RESIDENTIAL LENDING, LLC 115 6.59% $16,339
Mortgage Research Center, LLC 110 6.38% $7,559
AMERISAVE MORTGAGE CORPORATION 109 6.09% $14,982
Legacy Home Loans, LLC 108 6.27% $12,729
Renasant Bank 108 6.20% $11,106
Paramount Residential Mortgage Group, Inc. 105 6.35% $13,144
VANDERBILT MORTGAGE AND FINANCE, INC. 104 5.87% $15,044
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 102 6.53% $12,061
CHURCHILL MORTGAGE CORPORATION 101 6.51% $14,385
RELIANCE FIRST CAPITAL, LLC 100 6.61% $13,084
MID AMERICA MORTGAGE, INC. 95 6.99% $8,235
HOMESIDE FINANCIAL, LLC 91 6.59% $13,774
Ixonia Bank 91 6.59% $12,867
VILLAGE CAPITAL MORTGAGE 90 6.48% $8,093
AmeriHome Mortgage Company, LLC 88 6.40% $8,063
SOUTHWEST FUNDING, LP 86 6.83% $13,243
INSPIRE HOME LOANS INC. 86 5.23% $13,527
PLANET HOME LENDING, LLC 85 6.18% $8,302
SUMMIT FUNDING, INC. 84 6.71% $13,750
SUN WEST MORTGAGE COMPANY, INC. 83 5.98% $16,151
GVC MORTGAGE, INC. 81 6.45% $11,101
T2 FINANCIAL LLC 81 6.19% $15,273
INTERLINC MORTGAGE SERVICES, LLC 77 6.39% $10,483
Ameris Bank 76 6.39% $13,134
United Community Bank 73 6.43% $11,037
BARTLETT MORTGAGE, INC. 70 6.23% $10,346
PRIMARY RESIDENTIAL MORTGAGE, INC. 68 6.56% $10,233
LOANPAL, LLC 68 5.64% $12,310
Nations Lending Corporation 67 6.61% $11,586
Simmons Bank 66 6.34% $8,526
Sierra Pacific Mortgage Company, Inc. 66 6.38% $12,000
Legends Bank 63 6.23% $10,883
Century Mortgage Company DBA Century Lending Company 63 6.26% $12,725
Bank of England 62 6.38% $10,912
TJC Mortgage, Inc. 60 6.30% $12,673
Wolfe Financial, Inc 57 6.69% $12,480
U.S. Bank 56 6.39% $10,040
Bank of Tennessee 54 6.18% $11,270
LEADERONE FINANCIAL CORPORATION 54 6.57% $11,598
ROSS MORTGAGE CORPORATION 53 6.59% $11,330
MILEND, INC. 52 6.36% $13,761
ACOPIA, LLC 52 6.66% $15,312
PRIMELENDING, A PLAINSCAPITAL COMPANY 51 6.57% $11,432
FIRST COLONY MORTGAGE CORPORATION 49 6.31% $11,993
ALAMEDA MORTGAGE CORPORATION 49 6.71% $10,121
Evolve Bank & Trust 48 6.26% $9,976
CANOPY MORTGAGE, LLC 46 6.23% $16,599
NFM, INC. 46 6.91% $13,266
GERSHMAN INVESTMENT CORP. 45 5.94% $10,168
GARDNER FINANCIAL SERVICES, LTD. 45 6.14% $15,270
Old National Bank 44 6.13% $9,587
DELMAR FINANCIAL COMPANY 43 6.35% $9,379
HOMEBRIDGE FINANCIAL SERVICES, INC. 42 6.26% $8,248
SUCCESS MORTGAGE PARTNERS, INC. 41 6.43% $12,726
The Loan Store, Inc. 39 6.14% $14,435
PLAZA HOME MORTGAGE, INC. 39 6.26% $14,445
Orion Federal Credit Union 38 5.85% $7,968
HOMEAMERICAN MORTGAGE CORPORATION 38 5.14% $8,531
ZILLOW HOME LOANS, LLC 38 6.39% $11,329
AMERICAN FINANCING CORPORATION 37 5.94% $12,734
The Federal Savings Bank 35 6.49% $14,873
Prosperity Home Mortgage, LLC 34 6.07% $13,432
TOWNE MORTGAGE COMPANY 34 6.63% $12,030
PULTE MORTGAGE LLC 34 5.78% $9,215
Trustmark National Bank 33 6.28% $10,665
EUSTIS AND AMERICAN MORTGAGE COMPANY 31 6.59% $13,512
KELLEY MORTGAGE, LLC 31 6.27% $4,882
VAN DYK MORTGAGE CORPORATION 31 6.68% $6,959
TOP FLITE FINANCIAL, INC. 30 6.68% $15,476
First Citizens National Bank 29 6.17% $7,714
SmartBank 29 6.20% $9,064
Plains Commerce Bank 29 6.34% $13,416
Citizens Bank 28 6.25% $13,880
Truist 27 6.39% $8,759
Gateway First Bank 26 6.86% $10,670
American Mortgage & Equity Consultants, Inc. 26 6.51% $14,740
ENDEAVOR CAPITAL, LLC. 26 6.44% $10,017
MICHIGAN MUTUAL, INC. 25 6.29% $13,172
PREMIER MORTGAGE RESOURCES, L.L.C. 25 6.39% $12,621
EMM LOANS LLC 24 6.28% $13,693
COMPASS MORTGAGE, INC. 24 6.55% $11,625
First Horizon Bank 23 6.21% $11,603
SECURITYNATIONAL MORTGAGE COMPANY 23 6.83% $11,614
VERITAS FUNDING, LLC 22 6.22% $18,865
MORTGAGE SOLUTIONS OF COLORADO, LLC 22 6.91% $14,254
Magnolia Bank 22 6.39% $9,698
Wilson Bank And Trust 21 6.46% $8,292
Independent Bank 20 6.61% $10,035
Fifth Third Bank 20 6.37% $10,733
CASTLE & COOKE MORTGAGE, LLC 19 6.30% $13,147
EVANSVILLE TEACHERS 19 6.48% $10,064
AmRes Corporation 18 6.96% $10,784
Wells Fargo Bank 17 6.24% $12,580
Texana Bank 17 6.26% $12,134
Hometown Equity Mortgage, LLC 17 6.18% $12,393
GUARANTY MORTGAGE SERVICES, L.L.C. 17 6.68% $11,145
Franklin Loan Corporation 17 6.23% $16,478
Cornerstone First Mortgage, Inc 16 6.46% $11,395
PHH Mortgage Corporation 16 6.18% $10,424
First Federal Bank 16 6.18% $9,071
DAS Acquisition Company, LLC 16 6.79% $14,025
CapStar Bank 16 6.59% $9,128
GENEVA FINANCIAL, LLC 15 6.76% $12,991
Northpointe Bank 15 6.02% $13,812
FLAT BRANCH MORTGAGE, INC. 15 6.43% $11,296
ROYAL UNITED MORTGAGE LLC 15 6.57% $11,725
JET HOMELOANS, LLC 15 5.84% $23,405
CORNERSTONE HOME LENDING, INC. 15 6.65% $12,570
LADERA LENDING, INC. 13 6.24% $11,706
Bell Bank 13 6.33% $12,415
JPMorgan Chase Bank 13 6.37% $10,785
MORTGAGE FINANCIAL SERVICES, LLC 13 6.56% $11,321
BAY EQUITY LLC 12 6.50% $10,922
RUOFF MORTGAGE COMPANY, INC. 12 6.07% $7,532
Countybank 12 6.76% $9,344
GMFS LLC 12 6.60% $8,203
BETTER MORTGAGE CORPORATION 12 5.88% $16,144
Barrington Bank & Trust Company, N.A. 12 6.56% $11,117
POLARIS HOME FUNDING CORP. 12 6.43% $12,378
Alcova Mortgage LLC 11 6.90% $8,740
EMBRACE HOME LOANS, INC. 11 6.19% $11,863
M/I FINANCIAL, LLC 11 5.16% $23,891
Bank of America 11 6.17% $10,772
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 6.17% $15,025
ABSOLUTE HOME MORTGAGE CORPORATION 10 6.64% $10,282
CALCON MUTUAL MORTGAGE LLC 10 6.73% $14,936
PENTAGON FEDERAL CREDIT UNION 10 5.96% $10,995
Waterstone Mortgage Corporation 10 6.53% $13,564
TENNESSEE TRUST MORTGAGE, INC 10 6.21% $8,740
The Farmers Bank 10 6.11% $8,666
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 6.70% $13,866
NATIONS RELIABLE LENDING, LLC 10 6.38% $11,592
JMAC LENDING, INC. 10 6.35% $14,392
LAND HOME FINANCIAL SERVICES, INC. 10 6.68% $13,775
NBKC BANK 9 5.86% $10,354
UNITED MORTGAGE CORP 9 6.65% $15,529
NATIONS DIRECT MORTGAGE, LLC 9 6.49% $14,608
V.I.P. MORTGAGE, INC. 8 5.97% $17,775
Princeton Mortgage Corporation 8 5.87% $12,529
M&T Bank 8 6.41% $9,219
TruHome Solutions, LLC 8 6.42% $8,250
FIRST ALLIANCE HOME MORTGAGE, LLC 8 6.01% $18,661
OCMBC, INC. 8 7.22% $12,842
UNITED NORTHERN MORTGAGE BANKERS LIMITED 7 6.02% $18,477
REDSTONE Federal Credit Union 7 5.86% $11,593
BM Real Estate Services, Inc. 7 6.80% $12,282
SOUTHPOINT FINANCIAL SERVICES, INC. 7 6.39% $8,203
INTERCOASTAL MORTGAGE COMPANY 7 5.93% $11,673
AMERICAN PORTFOLIO MORTGAGE CORPORATION 7 6.20% $15,582
1ST SIGNATURE LENDING, LLC 7 6.50% $14,283
NEW DAY FINANCIAL, LLC 7 7.41% $5,641
OCEANSIDE MORTGAGE COMPANY 7 5.80% $5,510
Capital City Home Loans, LLC 7 6.79% $13,712
Midwest Mortgage Associates Corporation 6 6.25% $8,281
PREMIA MORTGAGE, LLC 6 6.10% $7,280
Total Media Management, LLC 6 6.75% $10,612
Presidential Bank, FSB 6 6.40% $14,228
BANKSOUTH MORTGAGE COMPANY, LLC 6 6.19% $15,993
SENTE MORTGAGE, INC. 6 6.88% $11,744
Community Bank of Mississippi 6 6.29% $10,913
AXIA FINANCIAL, LLC 6 6.96% $12,310
Pacific Lending LLC 6 6.35% $15,441
RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 6.63% $15,595
Eagle Bank and Trust Company 5 6.65% $9,937
FIRST INTEGRITY MORTGAGE SERVICES, INC. 5 6.63% $7,916
MASON MCDUFFIE MORTGAGE CORPORATION 5 6.25% $10,849
LIBERTY HOME MORTGAGE CORPORATION 5 7.03% $16,250
RANLIFE, INC. 5 6.08% $13,870
ENVOY MORTGAGE, LTD 5 6.25% $14,287
JLB CORPORATION 5 5.90% $12,395
NATIONWIDE MORTGAGE BANKERS, INC. 5 6.90% $14,782
INTELLILOAN, INC. 5 5.90% $6,134
Home Mortgage Alliance Corp 5 6.55% $12,380
SOUTHWEST STAGE FUNDING, LLC 5 6.63% $10,425
FIRST CONTINENTAL MORTGAGE, LTD. 5 6.70% $12,848
FIRST HOME MORTGAGE CORPORATION 5 6.78% $12,209
FIRST EQUITY MORTGAGE INCORPORATED 5 5.83% $15,446
Commerce Home Mortgage, Inc. 5 6.33% $11,354
ServisFirst Bank 5 6.38% $15,724
Victorian Finance, LLC 5 6.63% $8,546
Vellum Mortgage, Inc. 4 6.69% $13,050
GUARANTEED RATE AFFINITY, LLC 4 6.35% $14,994
BAY-VALLEY MORTGAGE GROUP 4 6.22% $12,879
AHL FUNDING 4 7.16% $13,558
BECKAM FUNDING CORP. 4 7.44% $12,489
COMMUNITY MORTGAGE, LLC 4 6.59% $9,500
NETWORK CAPITAL FUNDING CORPORATION 4 6.84% $11,967
TOTAL MORTGAGE SERVICES, LLC 4 6.59% $12,365
The Huntington National Bank 4 6.25% $11,920
SIRVA MORTGAGE, INC. 4 6.84% $8,035
MYCUMORTGAGE, LLC 4 6.91% $9,093
PNC Bank 4 6.63% $10,676
First Federal Bank 4 5.97% $11,818
NexBank 4 6.56% $10,614
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 4 6.56% $9,625
NORTHERN MORTGAGE SERVICES, LLC 4 6.50% $11,603
US MORTGAGE CORPORATION 4 6.28% $9,943
THE MORTGAGE FIRM, INC. 4 6.53% $13,332
ASCEND FEDERAL CREDIT UNION 3 6.71% $5,746
Semper Home Loans, Inc. 3 6.83% $22,290
Strong Home Mortgage, LLC 3 6.00% $13,328
Consumer First Mortgage, Inc. 3 6.54% $9,465
Sunflower Bank 3 6.62% $11,380
CB&S Bank, Inc. 3 6.29% $6,900
OPEN MORTGAGE, LLC 3 6.29% $12,842
City Lending Inc. 3 7.21% $11,705
INTERCAP LENDING INC. 3 6.04% $17,071
ALLIED MORTGAGE GROUP, INC. 3 6.50% $13,238
NORWICH COMMERCIAL GROUP, INC. 3 6.00% $5,049
NEXERA HOLDING LLC 3 6.04% $8,927
Financial Federal Bank 3 5.58% $9,556
JMJ FINANCIAL GROUP 3 6.67% $16,381
MORTGAGE ACCESS CORP. 3 6.04% $13,098
ALTRA 3 5.79% $10,451
South State Bank 2 5.81% $19,337
FirstTrust Home Loans, Inc. 2 6.00% $18,678
GEO-CORP, INC. 2 6.93% $13,405
J. VIRGIL, INC. 2 6.69% $11,297
FBC MORTGAGE, LLC 2 5.31% $12,270
Encompass Lending Group, LP 2 6.75% $14,186
MEMBER FIRST MORTGAGE, LLC 2 5.88% $10,544
Meridian Bank Corporation 2 6.50% $12,500
Midwest BankCentre 2 6.25% $10,797
MLB RESIDENTIAL LENDING, LLC 2 7.13% $7,493
MLD MORTGAGE INC. 2 6.50% $8,224
DATA MORTGAGE, INC. 2 6.00% $8,905
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.13% $11,890
Network Funding, L.P. 2 6.75% $16,616
CONTOUR MORTGAGE CORPORATION 2 6.38% $13,673
ON Q FINANCIAL, INC. 2 6.56% $12,106
ONY GLO, INC. 2 6.25% $21,028
PANORAMA MORTGAGE GROUP, LLC 2 6.75% $10,566
CIS Financial Services, Inc. 2 6.06% $12,542
Residential Acceptance Corporation 2 7.13% $15,293
Blue Ridge Bank 2 6.56% $8,978
S1L, Inc. 2 6.44% $14,913
SOUTH CENTRAL BANK, INC. 2 5.63% $12,532
BankPlus 2 6.38% $6,588
Synovus Bank 2 6.06% $13,762
Atlantic Union Bank 2 6.69% $11,508
The Union Bank Company 2 5.75% $11,956
Arvest Bank 2 6.50% $8,592
Union Savings Bank 2 6.00% $7,571
UNITED HOME LOANS, INC. 2 6.00% $16,262
Republic Bank & Trust Company 1 4.88% $17,466
Capital Bank 1 6.50% $6,263
Chickasaw Community Bank 1 6.00% $8,860
Citibank 1 6.25% $7,779
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.75% $5,152
PILGRIM MORTGAGE LLC 1 6.63% $15,487
Watermark Capital, Inc. 1 5.63% $14,710
Peoples Bank 1 6.75% $12,056
GSF Mortgage Corporation 1 7.13% $19,460
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $9,718
NP, Inc. 1 7.63% $15,248
Notre Dame Federal Credit Union Corporation 1 6.25% $7,198
NJ LENDERS CORP. 1 6.25% $14,181
FIRST MORTGAGE COMPANY, INC. 1 6.13% $15,759
Core Bank 1 6.63% $11,188
NBH Bank 1 6.25% $8,916
Assurance Financial Group, L.L.C. 1 6.63% $21,960
MY MORTGAGE, INC. 1 6.99% $9,260
THE MORTGAGE LINK, INC. 1 6.75% $34,884
Willamette Valley Bank 1 6.75% $12,718
TIDEWATER MORTGAGE SERVICES, INC. 1 5.75% $16,679
MORTGAGEONE, INC. 1 6.75% $12,045
First National Bank of Pennsylvania 1 5.63% $11,627
DIRECT MORTGAGE LOANS, LLC 1 6.13% $12,284
Mortgage Assurance Inc. 1 6.75% $11,359
Towne Bank 1 6.13% $11,442
ARIZONA 1 6.38% $29,541
MORIA DEVELOPMENT, INC. 1 6.63% $9,507
ARC HOME LLC 1 7.13% $7,530
East Coast Capital Corp. 1 6.75% $13,106
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.00% $9,386
ADVISA MORTGAGE SERVICES, LTD. 1 6.75% $18,000
Elements Financial Federal Credit Union 1 6.50% $7,799
First Palmetto Bank 1 7.25% $9,860
LEGEND LENDING CORPORATION 1 6.13% $19,294
ENCORE BANK 1 6.63% $8,769
FCB Banks 1 6.50% $8,249
FIDELITY BANK 1 6.25% $16,529
INFINITY EQUITY GROUP, INC. 1 6.13% $10,497
ALLIANT CREDIT UNION 1 6.00% $9,984
HOMEXPRESS MORTGAGE CORP. 1 6.38% $7,886
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $25,838
Hancock Whitney Bank 1 6.13% $9,656
HALLMARK HOME MORTGAGE, LLC 1 5.75% $16,996
Gulf Coast Bank and Trust Company 1 7.25% $9,623
Sandy Spring Bank 1 6.63% $7,416
Residential Mortgage Solutions, Inc. 1 6.13% $7,399
First Financial Bank 1 6.75% $15,508
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.00% $17,192
SOUTHERN TRUST MORTGAGE, LLC 1 7.13% $10,707
RESIDENTIAL BANCORP 1 7.25% $19,994
First Option Mortgage, LLC 1 6.63% $9,355
BAYSHORE MORTGAGE FUNDING, LLC 1 5.99% $12,057

The top Tennessee FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 2,069 FHA loans originated. Their average total fees are $12,019, which is $2,095 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Tennessee FHA lenders (with over 10 loans originated) are KELLEY MORTGAGE, LLC ($4,882), Leaders Credit Union ($5,894), VAN DYK MORTGAGE CORPORATION ($6,959), RUOFF MORTGAGE COMPANY, INC. ($7,532) and Mortgage Research Center, LLC ($7,559).

The lowest rate Tennessee FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.80%), HOMEAMERICAN MORTGAGE CORPORATION (5.14%), M/I FINANCIAL, LLC (5.16%), INSPIRE HOME LOANS INC. (5.23%) and DHI MORTGAGE COMPANY, LTD. (5.62%).

Tennessee FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
KNOXVILLE, TN ANDERSON 2022 $420,680 $538,650 $651,050 $809,150
SHELBYVILLE, TN BEDFORD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BENTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BLEDSOE 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN BLOUNT 2022 $420,680 $538,650 $651,050 $809,150
CLEVELAND, TN BRADLEY 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN CAMPBELL 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CANNON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
JOHNSON CITY, TN CARTER 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CHEATHAM 2022 $694,600 $889,200 $1,074,850 $1,335,800
JACKSON, TN CHESTER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLAIBORNE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLAY 2022 $420,680 $538,650 $651,050 $809,150
NEWPORT, TN COCKE 2022 $420,680 $538,650 $651,050 $809,150
TULLAHOMA-MANCHESTER, TN COFFEE 2022 $420,680 $538,650 $651,050 $809,150
JACKSON, TN CROCKETT 2022 $420,680 $538,650 $651,050 $809,150
CROSSVILLE, TN CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DAVIDSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
NON-METRO DECATUR 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO DEKALB 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DICKSON 2022 $694,600 $889,200 $1,074,850 $1,335,800
DYERSBURG, TN DYER 2022 $420,680 $538,650 $651,050 $809,150
MEMPHIS, TN-MS-AR FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FENTRESS 2022 $420,680 $538,650 $651,050 $809,150
TULLAHOMA-MANCHESTER, TN FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
JACKSON, TN GIBSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GILES 2022 $420,680 $538,650 $651,050 $809,150
MORRISTOWN, TN GRAINGER 2022 $420,680 $538,650 $651,050 $809,150
GREENEVILLE, TN GREENE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GRUNDY 2022 $420,680 $538,650 $651,050 $809,150
MORRISTOWN, TN HAMBLEN 2022 $420,680 $538,650 $651,050 $809,150
CHATTANOOGA, TN-GA HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HARDEMAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HARDIN 2022 $420,680 $538,650 $651,050 $809,150
KINGSPORT-BRISTOL, TN-VA HAWKINS 2022 $420,680 $538,650 $651,050 $809,150
BROWNSVILLE, TN HAYWOOD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HENDERSON 2022 $420,680 $538,650 $651,050 $809,150
PARIS, TN HENRY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HICKMAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HOUSTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HUMPHREYS 2022 $420,680 $538,650 $651,050 $809,150
COOKEVILLE, TN JACKSON 2022 $420,680 $538,650 $651,050 $809,150
MORRISTOWN, TN JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN KNOX 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAKE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAUDERDALE 2022 $420,680 $538,650 $651,050 $809,150
LAWRENCEBURG, TN LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LEWIS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN LOUDON 2022 $420,680 $538,650 $651,050 $809,150
ATHENS, TN MCMINN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MCNAIRY 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MACON 2022 $694,600 $889,200 $1,074,850 $1,335,800
JACKSON, TN MADISON 2022 $420,680 $538,650 $651,050 $809,150
CHATTANOOGA, TN-GA MARION 2022 $420,680 $538,650 $651,050 $809,150
LEWISBURG, TN MARSHALL 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MAURY 2022 $694,600 $889,200 $1,074,850 $1,335,800
NON-METRO MEIGS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
CLARKSVILLE, TN-KY MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
TULLAHOMA-MANCHESTER, TN MOORE 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN MORGAN 2022 $420,680 $538,650 $651,050 $809,150
UNION CITY, TN OBION 2022 $420,680 $538,650 $651,050 $809,150
COOKEVILLE, TN OVERTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PERRY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PICKETT 2022 $420,680 $538,650 $651,050 $809,150
CLEVELAND, TN POLK 2022 $420,680 $538,650 $651,050 $809,150
COOKEVILLE, TN PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
DAYTON, TN RHEA 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN ROANE 2022 $420,680 $538,650 $651,050 $809,150
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
NON-METRO SCOTT 2022 $420,680 $538,650 $651,050 $809,150
CHATTANOOGA, TN-GA SEQUATCHIE 2022 $420,680 $538,650 $651,050 $809,150
SEVIERVILLE, TN SEVIER 2022 $420,680 $538,650 $651,050 $809,150
MEMPHIS, TN-MS-AR SHELBY 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SMITH 2022 $694,600 $889,200 $1,074,850 $1,335,800
CLARKSVILLE, TN-KY STEWART 2022 $420,680 $538,650 $651,050 $809,150
KINGSPORT-BRISTOL, TN-VA SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SUMNER 2022 $694,600 $889,200 $1,074,850 $1,335,800
MEMPHIS, TN-MS-AR TIPTON 2022 $420,680 $538,650 $651,050 $809,150
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN TROUSDALE 2022 $694,600 $889,200 $1,074,850 $1,335,800
JOHNSON CITY, TN UNICOI 2022 $420,680 $538,650 $651,050 $809,150
KNOXVILLE, TN UNION 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO VAN BUREN 2022 $420,680 $538,650 $651,050 $809,150
MCMINNVILLE, TN WARREN 2022 $420,680 $538,650 $651,050 $809,150
JOHNSON CITY, TN WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
MARTIN, TN WEAKLEY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WHITE 2022 $420,680 $538,650 $651,050 $809,150
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
KNOXVILLE, TN ANDERSON 2023 $472,030 $604,400 $730,525 $907,900
SHELBYVILLE, TN BEDFORD 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BENTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BLEDSOE 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN BLOUNT 2023 $472,030 $604,400 $730,525 $907,900
CLEVELAND, TN BRADLEY 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN CAMPBELL 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CANNON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
JOHNSON CITY, TN CARTER 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN CHEATHAM 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
JACKSON, TN CHESTER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLAIBORNE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLAY 2023 $472,030 $604,400 $730,525 $907,900
NEWPORT, TN COCKE 2023 $472,030 $604,400 $730,525 $907,900
TULLAHOMA-MANCHESTER, TN COFFEE 2023 $472,030 $604,400 $730,525 $907,900
JACKSON, TN CROCKETT 2023 $472,030 $604,400 $730,525 $907,900
CROSSVILLE, TN CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DAVIDSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NON-METRO DECATUR 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO DEKALB 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN DICKSON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
DYERSBURG, TN DYER 2023 $472,030 $604,400 $730,525 $907,900
MEMPHIS, TN-MS-AR FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FENTRESS 2023 $472,030 $604,400 $730,525 $907,900
TULLAHOMA-MANCHESTER, TN FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
JACKSON, TN GIBSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GILES 2023 $472,030 $604,400 $730,525 $907,900
MORRISTOWN, TN GRAINGER 2023 $472,030 $604,400 $730,525 $907,900
GREENEVILLE, TN GREENE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GRUNDY 2023 $472,030 $604,400 $730,525 $907,900
MORRISTOWN, TN HAMBLEN 2023 $472,030 $604,400 $730,525 $907,900
CHATTANOOGA, TN-GA HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HANCOCK 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HARDEMAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HARDIN 2023 $472,030 $604,400 $730,525 $907,900
KINGSPORT-BRISTOL, TN-VA HAWKINS 2023 $472,030 $604,400 $730,525 $907,900
BROWNSVILLE, TN HAYWOOD 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HENDERSON 2023 $472,030 $604,400 $730,525 $907,900
PARIS, TN HENRY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HICKMAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HOUSTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HUMPHREYS 2023 $472,030 $604,400 $730,525 $907,900
COOKEVILLE, TN JACKSON 2023 $472,030 $604,400 $730,525 $907,900
MORRISTOWN, TN JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN KNOX 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAKE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAUDERDALE 2023 $472,030 $604,400 $730,525 $907,900
LAWRENCEBURG, TN LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LEWIS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN LOUDON 2023 $472,030 $604,400 $730,525 $907,900
ATHENS, TN MCMINN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MCNAIRY 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MACON 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
JACKSON, TN MADISON 2023 $472,030 $604,400 $730,525 $907,900
CHATTANOOGA, TN-GA MARION 2023 $472,030 $604,400 $730,525 $907,900
LEWISBURG, TN MARSHALL 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN MAURY 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
NON-METRO MEIGS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
CLARKSVILLE, TN-KY MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
TULLAHOMA-MANCHESTER, TN MOORE 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN MORGAN 2023 $472,030 $604,400 $730,525 $907,900
UNION CITY, TN OBION 2023 $472,030 $604,400 $730,525 $907,900
COOKEVILLE, TN OVERTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PERRY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PICKETT 2023 $472,030 $604,400 $730,525 $907,900
CLEVELAND, TN POLK 2023 $472,030 $604,400 $730,525 $907,900
COOKEVILLE, TN PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
DAYTON, TN RHEA 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN ROANE 2023 $472,030 $604,400 $730,525 $907,900
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
NON-METRO SCOTT 2023 $472,030 $604,400 $730,525 $907,900
CHATTANOOGA, TN-GA SEQUATCHIE 2023 $472,030 $604,400 $730,525 $907,900
SEVIERVILLE, TN SEVIER 2023 $472,030 $604,400 $730,525 $907,900
MEMPHIS, TN-MS-AR SHELBY 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SMITH 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
CLARKSVILLE, TN-KY STEWART 2023 $472,030 $604,400 $730,525 $907,900
KINGSPORT-BRISTOL, TN-VA SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN SUMNER 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
MEMPHIS, TN-MS-AR TIPTON 2023 $472,030 $604,400 $730,525 $907,900
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN TROUSDALE 2023 $890,100 $1,139,500 $1,377,400 $1,711,750
JOHNSON CITY, TN UNICOI 2023 $472,030 $604,400 $730,525 $907,900
KNOXVILLE, TN UNION 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO VAN BUREN 2023 $472,030 $604,400 $730,525 $907,900
MCMINNVILLE, TN WARREN 2023 $472,030 $604,400 $730,525 $907,900
JOHNSON CITY, TN WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
MARTIN, TN WEAKLEY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WHITE 2023 $472,030 $604,400 $730,525 $907,900
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

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).