{{GOOGLE_VERIFICATION}} VA Loan Calculator for Tennessee (TN) — Free Calculator | MortgageCalcTools

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VA Loan Calculator for Tennessee

Free va loan calculator tailored for Tennessee (TN). Calculate instantly with state-specific rates and rules.

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term

Usage & Service Type

Disability Exempt (0% funding fee)

Down Payment

Base Loan Amount

VA Funding Fee

Total Loan (with fee)

Monthly Payment

PMI Savings vs Conventional

Total Interest Over Life

Total Cost

VA Loans in Tennessee

VA loans allow eligible veterans and active-duty service members to buy a home in Tennessee with no down payment. On the median Tennessee home of $310,000, that's the full $310,000 financed — no down payment required.

VA Loan Limits in Tennessee

Veterans with full entitlement have no VA loan limit. The conforming limit of $726,200 in Tennessee is relevant only for veterans with reduced entitlement. No Tennessee counties currently qualify for high-cost conforming limits.

VA Funding Fee

Most VA borrowers pay a one-time VA funding fee: 2.15% for first use with no down payment (1.5% with 5%+ down). On a $310,000 loan, the funding fee is approximately $6,665. Veterans with service-connected disabilities are exempt.

Property Taxes in Tennessee

VA loans don't change your property tax obligation. Tennessee's effective rate is 0.66%, adding ~$171/month to your VA PITI payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

VA Loan Calculator for Other States

Frequently Asked Questions

Can I use a VA loan in Tennessee?

Yes. VA loans are available in all states including Tennessee. Eligible veterans and service members can buy the median Tennessee home ($310,000) with no down payment.

What is the VA loan limit in Tennessee?

Veterans with full entitlement have no loan limit. For those with reduced entitlement, the baseline conforming limit of $726,200 applies. No Tennessee counties currently qualify for high-cost conforming limits.

How much is the VA funding fee in Tennessee?

For a first-use VA loan with no down payment, the funding fee is 2.15% of the loan amount. On Tennessee's median home of $310,000, that's approximately $6,665. Veterans with service-connected disabilities pay no funding fee.

What are closing costs on a VA loan in Tennessee?

VA loans have lender-paid and buyer-paid closing costs. Buyers typically pay $2,500 in Tennessee. Tennessee charges a transfer tax of $0.37/$100 of value (a deed tax), which is very low. Overall closing costs are among the lowest in the Southeast. Sellers can also contribute to closing costs.

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