Tennessee mortgage rates remain attractive for borrowers looking to purchase a home with an FHA loan in the South. Qualified Tennessee mortgage applicants may qualify for 30-year fixed rate FHA loan at 4.875%. 15 Year home loan terms are available at 4.5%. FHA refinance transactions remain the hot ticket for borrower looking to lock into a low fixed rate loan. Tennessee home mortgage loans continue to be a vital component in rebuilding the Southern housing sector and the affordable mortgage rates make refinancing and new home financing very appealing. Congress just passed the bill that makes the 2009 FHA loan limits available in 2010. For specific loan restrictions see the Tennessee FHA Loan Limits online.
