Tennessee Mortgage Rates Explained :
Tennessee Fixed Mortgage Rate :
In Tennessee State Fixed (Conventional) rate mortgage, the interest rate is fixed and won't change for the life of that home loan.
Tennessee ARM Rate :
In Tennessee State Adjustable rate mortgage (ARM), the interest rate on the outstanding balance varies throughout the life of the loan at yearly or even monthly intervals.
Tennessee Jumbo Jumbo Mortgage Rate :
A Tennessee jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
Tennessee FHA Mortgage Rate :
In Tennessee State, Federal Housing Administration (FHA) loans are federally-backed mortgages designed for low-to-moderate-income borrowers.
Tennessee VA Mortgage Rate :
In Tennessee State, The VA loan is a $0 down mortgage available to Veterans, Service Members and select military spouses and guaranteed by the U.S. Department of Veterans Affairs (VA).
Tennessee APR :
In Tennessee State, Annual Percentage Rate (APR) is yearly cost of your loan, including any fees or costs in addition to the actual interest.