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Tennessee VA Loans

Whether you receive PCS orders to relocate to Tennessee or are already a resident, purchasing a home can be a great financial move. Using a VA loan in Tennessee has many benefits for seasoned and first-time homebuyers alike.

Published on January 7, 2021

With the average listing price of a home in Tennessee landing at $443,167, the VA loan’s signature $0-money-down benefit is a considerable advantage for Tennessee homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Tennessee

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Nashville, TN, you'll need to find a lender licensed in Tennessee to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Tennessee

VA borrowers in Tennessee should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Tennessee VA Loan Limits

As of January 1, 2020, VA borrowers in Tennessee with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, veterans without their full VA loan entitlement are still bound to Tennessee’s VA loan limits.

Tennessee VA Loan Limits by County

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County Loan Limit
Cannon $586,500
Cheatham $586,500
Davidson $586,500
Dickson $586,500
Macon $586,500
Maury $586,500
Robertson $586,500
Rutherford $586,500
Smith $586,500
Sumner $586,500
Trousdale $586,500
Williamson $586,500
Wilson $586,500
All other areas $548,250

Property Taxes in Tennessee

Another consideration for VA buyers in Tennessee is property taxes. For certain VA buyers, there are exemptions.

You may be eligible for a property tax exemption in Tennessee if you meet one of the following conditions:

  • A disabled veteran may receive an exemption on the first $175,000 of their primary residence if the veteran is 100 percent disabled and has lost the use of two or more limbs or is blind in both eyes as a result of service
  • Exemption amounts vary by county

If you are required to pay property tax in Tennessee, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

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County Property Tax Rate
Anderson County 0.80%
Bedford County 0.65%
Benton County 0.77%
Bledsoe County 0.43%
Blount County 0.62%
Bradley County 0.60%
Campbell County 0.57%
Cannon County 0.59%
Carroll County 0.82%
Carter County 0.61%
Cheatham County 0.65%
Chester County 0.63%
Claiborne County 0.58%
Clay County 0.73%
Cocke County 0.68%
Coffee County 0.87%
Crockett County 0.74%
Cumberland County 0.38%
Davidson County 0.82%
Decatur County 0.52%
DeKalb County 0.44%
Dickson County 0.67%
Dyer County 0.79%
Fayette County 0.40%
Fentress County 0.44%
Franklin County 0.72%
Gibson County 0.90%
Giles County 0.65%
Grainger County 0.57%
Greene County 0.53%
Grundy County 0.54%
Hamblen County 0.54%
Hamilton County 0.89%
Hancock County 0.62%
Hardeman County 0.74%
Hardin County 0.47%
Hawkins County 0.70%
Haywood County 0.78%
Henderson County 0.64%
Henry County 0.64%
Hickman County 0.67%
Houston County 0.77%
Humphreys County 0.63%
Jackson County 0.61%
Jefferson County 0.59%
Johnson County 0.45%
Knox County 0.67%
Lake County 0.79%
Lauderdale County 0.84%
Lawrence County 0.71%
Lewis County 0.62%
Lincoln County 0.56%
Loudon County 0.47%
McMinn County 0.48%
McNairy County 0.55%
Macon County 0.61%
Madison County 0.75%
Marion County 0.55%
Marshall County 0.78%
Maury County 0.66%
Meigs County 0.51%
Monroe County 0.58%
Montgomery County 0.84%
Moore County 0.57%
Morgan County 0.72%
Obion County 0.72%
Overton County 0.45%
Perry County 0.58%
Pickett County 0.37%
Polk County 0.62%
Putnam County 0.68%
Rhea County 0.55%
Roane County 0.68%
Robertson County 0.72%
Rutherford County 0.71%
Scott County 0.66%
Sequatchie County 0.58%
Sevier County 0.41%
Shelby County 1.42%
Smith County 0.56%
Stewart County 0.62%
Sullivan County 0.69%
Sumner County 0.66%
Tipton County 0.67%
Trousdale County 0.76%
Unicoi County 0.59%
Van Buren County 0.48%
Warren County 0.60%
Washington County 0.66%
Wayne County 0.56%
Weakley County 0.69%
White County 0.52%
Williamson County 0.55%
Wilson County 0.57%

How VA Loans Work in Tennessee

View the graphic below to learn more about how VA loans work in Tennessee.

How Tennessee VA Loans work How Tennessee VA Loans work How Tennessee VA Loans work
START HERE: $0 Down VA Home Loans
Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender