TN mortgage rates

Smith County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Smith County, Tennessee. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Smith County

Conforming Loan Limits

Per property
1 unit$1,029,250
2 units$1,317,650
3 units$1,592,700
4 units$1,979,350

FHA Loan Limits

Per property
1 unit$1,029,250
2 units$1,317,650
3 units$1,592,700
4 units$1,979,350

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Smith County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Smith

A local view of the market.

Smith County, Tennessee, has a dynamic real estate market characterized by a median home sold price of $316,000 as of October 2024, reflecting a 7.7% increase from the previous year. This growth indicates a strong seller's market, where homes are selling faster and at higher prices. The median price per square foot is $200, showcasing the county's competitive housing landscape. The top cities in Smith County include Carthage, Gordonsville, and South Carthage. Carthage, the county seat, has a median listing home price of $332,400, while Gordonsville's median listing price is $336,900. South Carthage is more affordable, with a median listing price of $249,900. These cities offer a range of housing options and are central to the county's community life. Smith County offers a blend of rural and suburban living, with a strong emphasis on agriculture and farming, reflecting its rural roots. The county's economy is supported by industries such as manufacturing and healthcare, attracting new residents seeking a quieter lifestyle with access to suburban amenities. The migration patterns suggest that people are moving to Smith County for its affordable housing, community-oriented lifestyle, and proximity to larger cities for employment opportunities.

County snapshot

Market context.

TN

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaNashville-Davidson--Murfreesboro--FranklinMapped market area
Area code34980CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Smith County

Common questions about 2026 loan limits and refinancing opportunities in Tennessee.

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