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VA Mortgage Rates in Tennessee

Updated: November 29, 2020

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Displaying rates for Mortgage Refinance in TN for $200,000

PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Sunday, November 29, 2020

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Mortgage rates for Tennessee go down to 3.00%

Sunday, November 29, 2020

Mortgage rates for Tennessee on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Tennessee is now at 4.56%.

VA Mortgage Rates & Loan Limits in Tennessee

A VA mortgage loan is a home loan guaranteed by Veteran Affairs, available to certain members of the military. This initiative was designed to smooth the transition of military members from service to homeownership by making mortgage loans more affordable and accessible for veterans. For military-affiliated homebuyers in Tennessee, VA loans can be an excellent option; VA loans have many advantages over other loan programs, such as no required down payment or mortgage insurance, lenient credit requirements, and no prepayment penalties.

While VA mortgage rates are relatively low compared to other loan programs, it is always wise to compare rates and shop around before committing to a mortgage. Check out our main page on VA mortgage rates for more information.

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