What is the minimum down payment for an FHA loan in Nashville?

You can get an FHA loan with as little as 3.5% down. This makes buying a home much more affordable for many people in Middle Tennessee.

What credit score do I need for an FHA loan in Tennessee?

Generally, you need a minimum credit score of 580 to qualify for an FHA loan with a 3.5% down payment. If your score is lower, talk to Keith Goeringer to see what options might be available.

Is mortgage insurance required on FHA loans?

Yes, FHA loans require both an upfront mortgage insurance premium and an annual premium. This protects the lender against loss.

Can I use an FHA loan to buy a condo in Nashville?

Yes, but the condo complex must be on the FHA's approved list. Keith Goeringer can help you check if a specific condo development qualifies.

Can sellers pay closing costs on an FHA loan?

Yes, sellers can contribute up to 6% of the purchase price towards your closing costs on an FHA loan. This can save you a lot of money upfront.

Ask Keith Book a Call

Home/Loan Programs/FHA Loans

← All Loan Programs

Your Nashville Home, Even with Less Down

FHA loans are perfect for first time buyers in Nashville and Middle Tennessee. You can get into a home with a small down payment and a flexible credit score.

Get Pre-Approved for an FHA Loan

Talk to Keith Goeringer about your Nashville home buying goals today.

Who Qualifies

✓You need a minimum credit score of 580.
✓You can make a down payment as low as 3.5%.
✓The home must be your primary residence.
✓You need a steady income and employment history.
✓You must meet FHA loan limits for your area.
✓You must have a valid Social Security number.

How It Works

1First, you talk to Keith Goeringer to get pre-approved for an FHA loan.
2Then, you find a home in Nashville or Middle Tennessee that fits your budget.
3Next, your offer is accepted, and we handle the loan processing.
4An FHA-approved appraisal and inspection are completed on the home.
5Finally, we close on your new home, and you get the keys.

What This Means in Nashville and Middle Tennessee

Nashville's housing market is competitive. It can be tough for first time buyers or those with limited savings to get in. An FHA loan makes homeownership more accessible in places like Murfreesboro, Clarksville, Spring Hill, and even closer to downtown Nashville in zip codes like 37206 or 37211. It opens doors for many families. This loan is a great option for folks looking in areas like Hermitage or Hendersonville where home prices are rising. You dont need a huge down payment. This means you can keep more money in your pocket for moving expenses or home improvements. Its a practical choice for many Middle Tennessee residents. Keith Goeringer knows this market well and can help you navigate the process. Sellers can even help with closing costs, up to 6% of the purchase price. This is a big deal in our local market. It means less money out of your pocket upfront. Keith Goeringer helps buyers every day in places from Franklin to Gallatin, making homeownership a reality with FHA loans.

How It Compares

Feature	FHA Loans	Conventional Loan
Down Payment	As low as 3.5%	Often 5% or more
Credit Score	Minimum 580	Typically 620 or higher
Mortgage Insurance	Required for the life of the loan or 11 years (depending on LTV)	May be removed after 20% equity
Best For	First time buyers, lower credit scores, limited savings	Buyers with good credit, 5%+ down payment