Mortgage Calculator TN

Mortgage calculator TN is online tools that help individuals estimate their monthly mortgage payments based on factors such as the loan amount, interest rate, loan term, and other relevant details

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Looking for a reliable TN mortgage calculator? Look no further! Our mortgage payment calculator TN provides accurate results tailored to your needs. Whether you're in Nashville, Knoxville, or Memphis, our mortgage loan calculator TN has got you covered. Try our user-friendly mortgage calculators today!

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Current Mortgage Rates TN

According to NerdWallet.com as of September 28, 2023, mortgage rates TN today are following below:


30-year fixed rate is 7.542%

15-year fixed rate is 6.654%

5-year adjustable-rate(ARM) is 8.296%

Tennessee Credit Union Mortgage Rates

Tennessee credit union rates as of September 28, 2023:


30-year fixed: 7.311%

15-year fixed: 6.563%

5-year adjustable-rate mortgage (ARM): 8.128%

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Jumbo Mortgage Rates TN

Jumbo home mortgage rates for Tennessee is 7.860% for a 30-year fixed mortgage.

Best Mortgage Lenders in TN

Here are some of top mortgage lenders in Tennessee:

  • Churchill Mortgage
  • Lending Hand Mortgage, LLC
  • Community Mortgage Advisors, LLC
  • TTCU (Tennessee Credit Union)
  • InFirst Bank
  • Union Savings Bank
  • Standard Bank
  • Bank of America
  • Citizens Bank
  • Chase
  • Farmers National Bank
  • PNC Bank

Mortgage Broker TN

Here are some mortgage brokers in TN:

  1. Accurate Mortgage Group
  2. Churchill Mortgage
  3. Community Mortgage Advisors
  4. Lending Hand Mortgage, LLC
  5. TTCU (Tennessee Credit Union)
  6. InFirst Bank
  7. Union Savings Bank
  8. Standard Bank
  9. Bank of America
  10. Citizens Bank
  11. Chase
  12. Farmers National Bank
  13. PNC Bank

Current Mortgage Rates Murfreesboro TN

As of September 28, 2023, current mortgage rates in Murfreesboro, Tn are as follows:


  • 30-year fixed: 7.64%
  • 15-year fixed: 6.86%
  • 5-year adjustable-rate mortgage (ARM): 7.03%

Current Mortgage Rates Franklin TN

As of September 28, 2023, current mortgage rates in Franklin, Tennessee are as follows:


  • 30-year fixed: 7.66%
  • 15-year fixed: 6.86%
  • 5-year adjustable-rate mortgage (ARM): 7.02%

Current Mortgage Rates Clarksville TN

As of September 28, 2023, current mortgage rates in Clarksville, Tennessee are as follows:


30-year fixed: 7.54%

15-year fixed: 6.65%

5-year adjustable-rate mortgage (ARM): 7.08%

Current Mortgage Rates Memphis TN

As of September 28, 2023, current mortgage rates in Memphis, Tennessee are as follows:

  • 30-year fixed: 7.75%
  • 15-year fixed: 6.94%
  • 5-year adjustable-rate mortgage (ARM): 7.10%

Current Mortgage Rates Chattanooga TN

According to Bankrate.com, as of September 28, 2023, current mortgage rates in Chattanooga, Tennessee are as follows:


  • 30-year fixed: 7.54%
  • 15-year fixed: 6.65%
  • 5-year adjustable-rate mortgage (ARM): 7.02%

Current Mortgage Rates Maryville TN

Current mortgage rates in Maryville, Tennessee as of September 28, 2023 are as follows:


  • 30-year fixed: 7.65%
  • 15-year fixed: 6.86%
  • 5-year adjustable-rate mortgage (ARM): 7.02%

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Current Mortgage Rates Johnson City TN

According to Bankrate.com, as of September 28, 2023, current mortgage rates johnson city tn are as follows:


  • 30-year fixed: 7.64%
  • 15-year fixed: 6.86%
  • 5-year adjustable-rate mortgage (ARM): 7.03%

Mortgage Rates Today In Cookeville TN

According to Realtor.com, today's mortgage rates in Cookeville, Tennessee are as follows:


  • 30-year fixed: 7.75%
  • 15-year fixed: 6.94%
  • 5-year adjustable-rate mortgage (ARM): 7.10%

Current Mortgage Rates Dickson TN

According to Bankrate.com, as of September 28, 2023, current mortgage rates dickson tn are as follows:


  • 30-year fixed: 7.75%
  • 15-year fixed: 6.94%
  • 5-year adjustable-rate mortgage (ARM): 7.10%

Lowest Mortgage Rates TN

The lowest mortgage rates in Tennessee vary depending on the day and the lender. However, as of September 28, 2023, some of the lowest mortgage rates in Tennessee include:


  • 30-year fixed: 7.54%
  • 15-year fixed: 6.65%
  • 5-year adjustable-rate mortgage (ARM): 7.02%

Current Home Refinance Rates TN

According to Bankrate.com, as of September 28, 2023, current refinance rates in Tennessee are as follows:

  • 30-year fixed: 8.07%
  • 15-year fixed: 6.86%
  • 5-year adjustable-rate mortgage (ARM): 7.10%

First Time Home Buyer TN Programs

The most popular first-time home buyer programs in TN:

  1. Tennessee Housing Development Agency (THDA) First-Time Homebuyer Program: This program offers down payment assistance and closing cost assistance to first-time home buyers who meet certain income and eligibility requirements.
  2. Tennessee Housing Development Agency (THDA) Good Neighbor Next Door Program: This program offers a 50% discount on the purchase price of eligible homes to law enforcement officers, firefighters, teachers, and early childhood education professionals.
  3. Tennessee Housing Development Agency (THDA) Rural Development Program: This program offers down payment assistance and closing cost assistance to first-time home buyers who purchase a home in a rural area of Tennessee.
  4. Federal Housing Administration (FHA) Loan: FHA loans are available to first-time home buyers with a down payment as low as 3.5%.
  5. U.S. Department of Agriculture (USDA) Rural Development Loan: USDA loans are available to first-time home buyers who purchase a home in a rural area and have no down payment requirement.


In addition to these statewide programs, there are also a number of local first-time home buyer programs available in tn.

First Time Home Buyer TN Down Payment 

Here is a summary of the down payment requirements for some of the most common loan programs:


Conventional loan: 20%

FHA loan: 3.5%

USDA loan: 0%

VA loan: 0%

There are also a number of down payment assistance programs available to first-time home buyers in Tennessee. These programs can help you reduce the amount of money you need to have upfront to purchase a home.

First-Time Home Buyer Tennessee Requirements

To qualify for first-time homebuyer programs in Tennessee, you must meet certain income and eligibility requirements. These requirements vary depending on the program, but here are some general guidelines:


  • You must be a first-time homebuyer. This means that you have not owned a primary residence in the past three years.
  • You must meet certain income limits. These limits vary by county and are based on the median income in the area.
  • You must have a good credit score. Most programs require a credit score of at least 640.
  • You must have a down payment. The amount of the down payment required varies depending on the program.

Credit Score To Buy A House In Tennessee

Here is a summary of the minimum credit score requirements for some of the most common loan programs in Tennessee:


  • Conventional loan: 620
  • FHA loan: 580
  • USDA loan: 580
  • VA loan: 580

Commercial Mortgage Rates Tennessee

Commercial mortgage rates as of September 28, 2023, commercial mortgage rates in Tennessee are generally in the range of 5.98% to 18.76%.

FAQs For Mortgage Calculator TN

What is the formula for mortgage calculation?

The formula for mortgage calculation typically involves variables such as the loan amount, interest rate, and loan term. It is commonly calculated using the formula for monthly mortgage payments, which takes into account these variables and any additional costs such as property taxes and insurance.

Is there a mortgage tax in Tennessee?

Yes, there is a mortgage tax in Tennessee. The mortgage tax rate in Tennessee is a percentage of the loan amount and varies based on the county. It is typically paid at the time of closing when a mortgage or deed of trust is recorded.

What is the interest rate on a house in Tennessee?

The interest rate on a house in Tennessee can vary based on factors such as the borrower's creditworthiness, loan type, loan term, and prevailing market conditions. It is advisable to check with lenders or financial institutions to obtain current interest rate information specific to your situation.

What is the FHA loan limit in Tennessee?

The FHA loan limit in Tennessee is the maximum amount that can be borrowed using an FHA-insured loan. FHA loan limits are set annually by county and vary depending on the location. To find the specific FHA loan limit for a particular county in Tennessee, it is recommended to consult with a mortgage lender or research the latest guidelines.

What credit score is needed to buy a house in Tennessee?

The credit score needed to buy a house in Tennessee can vary depending on the lender and loan program. Generally, a higher credit score increases the likelihood of qualifying for favorable loan terms. However, lenders have different credit requirements, and other factors such as income, debt-to-income ratio, and down payment amount also influence the approval process.

What is a jumbo loan in Tennessee?

A jumbo loan in Tennessee refers to a mortgage loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. In Tennessee, the conforming loan limit for most counties is typically lower than the jumbo loan threshold. Jumbo loans are commonly used for high-value properties and generally have stricter qualification criteria.

Mortgage Calculator TN