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TN
Tennessee
2024 Loan Rules & Limits
📊 Loan Limits (2024)
Conforming Limit
$766,550
FHFA single-family baseline
FHA Floor
$498,257
HUD single-family baseline
💰 Tax Climate
State Income Tax
No
No personal income tax on wages
🏛️ State Housing Agency
THDA
Available Programs
- Great Choice Home Loan
- Great Choice Plus DPA
📋 Lending Notes
No income tax on wages (Tennessee eliminated it in 2021). Nashville and Knoxville are fast-growing metros. Strong in-migration from higher-tax states.
Loan limits effective January 1, 2024. Actual limits vary by county. Always verify current limits with your lender or at hud.gov and fhfa.gov.