FHA Loan Limits in Nashville Tennessee

Mortgage and Lending with Van Dyk Mortgage NMLS:98535,Corp 3035

FHA Loan Limits in Nashville and Tennessee 2015

FHA loans are a great resource that opens the door to home ownership to many buyers that otherwise would not be able to qualify for a loan for the purchase of their new home.

FHA loans have a much more relaxed and forgiving approach to underwriting in regards to:

     -Credit: Credit Scores as low a 620,   Buyers with past credit issues such as bankruptcy and foreclosure can qualify in as little as 1 year after filing chapter 13, 2 years after discharge of chapter 7 and 3 years after a foreclosure. 

     -Debt to Income: While conventional guidelines call for a 36% debt ratio, FHA allows for 43% and in          some cases up to 50%

     -Down payment: Besides having a lower down payment requirement Nashville FHA buyers can recieve gift funds for all of their downpayment.  Unlike conventional loan programs, there is no requirment for buyer's  to use their own funds.


While the guidelines are very forgiving and do allow for many to qualify, FHA does limit the amount you can borrow.  These limits will vary depending on where the new home is.  However, in Tennessee there are only two different limits.  The Nashville Metro area has one limit, and the rest of the state has another. 


The Nashsville Metro area which includes, Cheatham, Davidson, Dickson, Hickman, Macon, Robertson, Rutherford, Smidt, Sumner, Trousdale, and Williamson counties have a higher FHA loan limits than the rest of the state.  While all other areas of Tennessee have FHA loan limit of $271,050 the areas listed above, all of which are in the Nashville Metropolitan area, can obtain FHA financing up to $425,500.


Call me today at 866.435.6553 and let me answer your FHA questions, whether you are wanting to buy a new home in the Nashville area or other parts of Tennessee, I will happy to help you.





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Specializing in Government Home Loans.  FHA, VA and  USDA Rural Development


Alabama: License # 52935

Birmingham, Montgomery, Mobile, Huntsville, Tuscaloosa, Hoover, Dothan, Decatur, Auburn, Gadseden, Florence, Bessemer, Madison, Prichard, Phenix City, Homewood, Vestavia Hills

Georgia: License # 36362

Albany, Atlanta, Augusta, Alpharetta, Athens, Canton,  Columbus, Dalton, Dunwoody, Johns Creek, Macon, Marietta, Roswell, Sandy Springs, Savannah, Smyrna, Valdosta, Warner Robbins

Kentucky: License # MC305583

Louisville, Lexington, Bowling Green, Owensboro, Covington, Hopkinsville, Richmond, Florence, Elizabethtown, Frankfort, Paducah, Independence, Danville

Louisiana: License # 35486

Alexandria, Baton Rouge, Bossier City, Central, Denham Springs, Hammond, Houma, Kenner, Lafayette, Lake Charles, Livingston,  Marrero, Metaire, Monroe, New Iberia, New Roads New Orleans, Prairieville, Shreveport, Slidell, Walker

Tennessee:  License # 108470

Bartlett, Bristol, Chattanooga, Clarksville, Cleveland, Collierville, Columbia, Cookeville, Crossville, Fairfield Glade, Franklin, Germantown, Goodlesttsville, Hendersonville, Jackson, Jamestown, Johnson City, Karns, Kingsport, Knoxville, Memphis, Morristown, Murfreesboro, Nashville, Oakridge, Smyrna, Spring City


Abilene, Amarillo, Arlington, Austin, Beaumont, Brownsville, Carrollton, Cypress, Dallas, Denton,  El Paso,  Ft. Worth, Frisco, Garland,  Grand Prairie, Houston, Irving, Killeen,  Lubbock, McAllen, McKinney, Mesquite, Midland, Pasadena, Plano, San Antonio, Tyler, Waco, Wichita Falls


We offer VA Loans,  FHA Loans, USDA Loans, and more across Alabama, Louisiana, Texas and Tennessee


Bill McDonald NMLS # 95835

VanDyk Mortgage NMLS # 3035


Bill McDonald-VanDyk Mortgage

705 Gate Ln Suite 202 104

Knoxville, TN 37909

(865) 686-8711

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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Bill - Thank you for the very good list of information about FHA loan limits in Nashville, Tennessee.

May 10, 2013 09:16 AM #1
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VA, USDA, FHA Government Loans - (865) 686-8711
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