Tennessee FHA Loan Rates, Closing Costs & Stats

Tennessee

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    • 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 6.64% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.47% and one month ago for the week of 2025-04-18, the average rate was 6.8%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.71%.

    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).