30-Year Fixed Jumbo Mortgage Refinance Interest Rates in Tennessee

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Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in TN, total loan amount of $800,000.

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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details

Tennessee housing market snapshot

Hey Tennessee homeowners! The Volunteer State is recovering nicely. After a slowdown, sales are picking up, and prices are growing at a healthy, sustainable pace.

Why This Matters for Your Refinance (The LTV Factor)

• Loan-to-Value (LTV) is your financial scorecard. It compares your loan size to your home's price tag.
• The TN Advantage: With values rising steadily (~2.5%), your equity is safe.
• The Strategy: Tennessee has a "Goldilocks" market right now—not too hot, not too cold. This stability is perfect for refinancing because you can predict your appraisal value with high accuracy. If you have a high-interest loan from 2023, a rate-and-term refinance could save you significant money.

Property taxes in Tennessee

Tennessee is incredibly tax-friendly. We have no state income tax and very low property taxes.

Tennessee refinance programs & homeowner perks

What is a 30-year fixed jumbo mortgage in Tennessee?

A 30-year fixed jumbo mortgage in Tennessee is a home loan that exceeds the conforming loan limits set by the FHFA, typically around $726,200. This mortgage has a fixed interest rate and consistent monthly payments over 30 years, suitable for high-value properties in Tennessee.

How do jumbo mortgage rates in Tennessee compare to conventional mortgage rates?

In Tennessee, jumbo mortgage rates are generally higher than conventional rates due to the increased risk for lenders. Rates can vary based on your financial profile and market conditions in Tennessee.

What are the requirements for a 30-year jumbo mortgage in Tennessee?

Lenders in Tennessee usually require a higher credit score (typically 700+), a larger down payment (often 20% or more), and a lower debt-to-income ratio compared to conventional loans.

Can I refinance a 30-year jumbo mortgage in Tennessee?

Yes, refinancing a jumbo mortgage in Tennessee is possible and can help secure a lower rate or change the loan terms. The process may be more stringent due to the higher loan amount.

What are the benefits of a 30-year fixed jumbo mortgage in Tennessee?

Benefits include financing higher-value properties, fixed interest rates for stability, and consistent monthly payments over 30 years for homes in Tennessee.

Are there closing costs for jumbo mortgages in Tennessee?

Yes, closing costs in Tennessee can be higher than for conventional loans due to the larger loan amounts and additional scrutiny during approval. They typically range from 2% to 5% of the loan amount.

How can I get the best 30-year jumbo mortgage rate in Tennessee?

To get the best rate in Tennessee, maintain a high credit score, save for a substantial down payment, and compare offers from multiple lenders. Economic conditions and lender policies in Tennessee also play a role.

What is the difference between a conforming and a jumbo loan in Tennessee?

A conforming loan in Tennessee adheres to the FHFA limits and can be purchased by Fannie Mae or Freddie Mac. A jumbo loan exceeds these limits and is not eligible for purchase by these entities, resulting in different qualifying criteria and potentially higher rates.