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.
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.
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
| County | Loan Limit |
|---|---|
| Cannon County | $890,100 |
| Cheatham County | $890,100 |
| Davidson County | $890,100 |
| Dickson County | $890,100 |
| Macon County | $890,100 |
| Maury County | $890,100 |
| Robertson County | $890,100 |
| Rutherford County | $890,100 |
| Smith County | $890,100 |
| Sumner County | $890,100 |
| Trousdale County | $890,100 |
| Williamson County | $890,100 |
| Wilson County | $890,100 |
| All other areas | $726,200 |
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:
| 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.
