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Nashville-Davidson County Jumbo Home Financing

This page updated and accurate as of February 3, 2023 Jumbo Mortgage Source

Nashville Jumbo Loan LimitNashville has seen explosive population growth over recent years and the housing market continues to expand as a result. The current median home listing price is $484,000 according to Realtor.com, an increase of over 19% year-over-year.

Nashville jumbo loans help fill the gap for home buyers that require financing on larger loan amounts that go beyond the regular conforming loan limits.

The current 2023 conforming loan limits in most of the Nashville area (Davidson County) are set to $890,100 for regular one-unit properties.  Please see the complete county-by-county loan limit list for Tennessee in the chart below. Any loan above this amount would be classified as Jumbo.

Financing options for greater “Jumbo” loan amounts have typically been limited in the past. However, today many new low-down payment options are helping to fill the gap by supplying high-end home buyers with new options.

These programs range from the typical 20% down payment, all the way up to 5% down payment. Loan amount limits vary based on the final down payment and the credit profile of the borrower. Below we have outlined all the important details buyers will need to know.  Please don’t hesitate to contact us to learn more, just call the number above or just submit the Quick Contact form on this page to speak with a Jumbo specialist now.

Nashville Jumbo Down Payment & Loan Limits:

  • 5% down payment (95% financing) Available up to $1,500,000 loan limits. 700 credit is required on all 95% options.
  • 10% down payment (90% financing) Available up to $3,000,000 loan limits. 720 credit is required for loans exceeding $2mil. Buyers with lower credit scores (typically down to 660) can be eligible for lower loan amounts under $1,000,000
  • 15% down payment (85% financing) Available up to $3,500,000 loan limits. 720 credit is required when financing over $2.5mil.  As above, lower credit scores can be approved for lower loan amounts.
  • 20% down payment (80% financing) Available for loans over $3,500,000

Jumbo Loan Features:

  • No monthly mortgage insurance costs. Depending on the program selection, buyers generally have the option of a single loan or combo (piggyback) loan options with no PMI. This includes 80-15 and 80-10 programs.
  • All programs have the flexibility of common fix rate and adjustable rate terms.
  • The low down payment features are especially good for home buyers relocating while waiting on the sale (equity) of their current home.
  • Jumbo Refinance transactions are also eligible.

Tennessee Jumbo MortgageNashville Jumbo Qualifying Requirements:

  • 5% down payment Jumbo options are only reserved for owner-occupied and select vacation homes. Investment homes are not eligible.
  • Single-family, condos, and townhomes are eligible. Home buyers that are purchasing new construction directly from the home builder (spec site-built home) are also eligible. Buyers that want to build on their own land with their own contractor can read about special construction to permanent financing here.
  • Approved buyers will need to show evidence and document all income and asset, just the same as standard conventional loans.
  • Debt-to-income ratio limits vary depending on many factors like down payment, credit, etc. Around 38-45% limit is a good baseline.
  • Buyers will need mortgage payment reserves. Lenders consider “reserves” as the amount of savings or investments a buyer has left over after the down payment and closing costs.  Retirement accounts are typically applied to this requirement. Buyers financing lower loan amounts (under $1mil) should typically have 3 months of payment reserves. Higher loan amounts will often require 6+ months.

Please connect with us today with questions. We can be reached 7 days a week by calling the number above, or just submit the Quick Request Form on this page.

COUNTYONE-UNITTWO-UNITTHREE-UNITFOUR-UNIT
ANDERSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
BEDFORD COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
BENTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
BLEDSOE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
BLOUNT COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
BRADLEY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CAMPBELL COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CANNON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
CARROLL COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CARTER COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CHEATHAM COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
CHESTER COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CLAIBORNE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CLAY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
COCKE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
COFFEE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CROCKETT COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
CUMBERLAND COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
DAVIDSON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
DECATUR COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
DEKALB COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
DICKSON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
DYER COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
FAYETTE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
FENTRESS COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
FRANKLIN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
GIBSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
GILES COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
GRAINGER COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
GREENE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
GRUNDY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HAMBLEN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HAMILTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HANCOCK COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HARDEMAN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HARDIN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HAWKINS COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HAYWOOD COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HENDERSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HENRY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HICKMAN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HOUSTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
HUMPHREYS COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
JACKSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
JEFFERSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
JOHNSON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
KNOX COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LAKE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LAUDERDALE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LAWRENCE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LEWIS COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LINCOLN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
LOUDON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MCMINN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MCNAIRY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MACON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
MADISON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MARION COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MARSHALL COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MAURY COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
MEIGS COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MONROE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MONTGOMERY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MOORE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
MORGAN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
OBION COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
OVERTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
PERRY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
PICKETT COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
POLK COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
PUTNAM COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
RHEA COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
ROANE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
ROBERTSON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
RUTHERFORD COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
SCOTT COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SEQUATCHIE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SEVIER COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SHELBY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SMITH COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
STEWART COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SULLIVAN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
SUMNER COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
TIPTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
TROUSDALE COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
UNICOI COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
UNION COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
VAN BUREN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WARREN COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WASHINGTON COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WAYNE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WEAKLEY COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WHITE COUNTY $              726,200 $                       929,850 $                  1,123,900 $                1,396,800
WILLIAMSON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750
WILSON COUNTY $              890,100 $                   1,139,500 $                  1,377,400 $                1,711,750

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