Nashville First Time Home Buyers

Search affordable homes for sale in Nashville 

Are you planning to make the transition from renting to owning soon? Start your search with Nashville's top team of first time home buyer specialists.

As a Nashville first-time home buyer, you’ll have plenty of upcoming decisions to make when it comes to buying your first home or condo. But as Nashville’s first-time home buyer specialists, we’ll help guide you through the entire home buying process and also make sure you find the perfect new place to finally call your own!

To get your new home search started, start browsing affordable Nashville homes for sale below, or if you haven't already reached out to us, contact us at your earliest convenience to schedule a quick home showing for a home or condo you'd like to view in person

Search Affordable Homes in Nashville Under $250,000

All Listings $100,000 - $200,000 $200,000 - $300,000
Price, High to Low
157 Properties Found.
Page 1 of 27

3880 Priest Lake Dr 74

$250,000

UPDATE......Buyers financing fell through 2 weeks before closing, appraised for $3500 over list and ...

Nashville, TN
2 Bed, 1½ Bath, 1218 Sqft, 0.01 Acres
Residential

Photo of Listing #2408960

3947 Crouch Dr

$250,000

Charming home with a backyard that is everything! The close location of this property to Downtown N ...

Nashville, TN
3 Bed, 1 Bath, 948 Sqft, 0.2 Acres
Residential

251 Mcgavock Pike

$250,000

INVESTOR SPECIAL! This home has a great yard, and CONVENIENTLY located to everything. It is not far ...

Nashville, TN
2 Bed, 1 Bath, 825 Sqft, 0.29 Acres
Residential

3535 Bell Rd 305

$250,000

Very well maintained townhome, with LOTS of Closet space, 2 Bedrooms, 2 baths, smooth ceilings! Vaul ...

Nashville, TN
2 Bed, 2½ Bath, 1088 Sqft, 0.01 Acres
Residential

438 Flintlock Ct

$250,000

What an opportunity to live on a Golf Course! This 2bed/2.5 condo would make a great rental. Home lo ...

Nashville, TN
½ Bath, 1216 Sqft, 0.03 Acres
Residential

Photo of Listing #2440689

1904 Hailey Ave

$250,000

Quiet street with downtown Nashville view- perfect lot to build investment with ...

Nashville, TN
0.18 Acres
Residential

Buying Your First Home in Nashville, TN

As you've probably guessed by the rising Nashville home prices, buying a home requires thoughtful planning and decision making. Buying a Nashville home is a financial and emotional decision that requires the experience and support of a team of reliable professionals. Purchasing a home is a lifestyle choice that requires you to think about how you like to spend your time and the type of community where you want to live. Good examples are a rural area like Franklin without nearby neighbors, a condo building in the Gulch or a home in a subdivision with a clubhouse and pool. The more you understand your priorities for a home, the easier it will be for you to narrow your real estate decisions. Homeownership can also be a powerful way to increase your personal wealth for you and your family, since you’ll be building equity in your home as you pay off your mortgage.

Qualifying For a Mortgage As a First-Time Home Buyer

In order to qualify for a mortgage loan to buy a home, you’ll need good credit, a pattern of paying your bills on time and saving money, and a maximum debt-to-income ratio (your gross monthly income compared to the minimum payments on all recurring debts) of 43 percent. Some lenders have stricter guidelines, so the lower your debt-to-income ratio, the better. While loan programs are available with low down payments of 3.5 to 5 percent, and a few programs offer no down payment at all, you’ll still need some savings to pay for closing costs and moving expenses, a deposit on a home, and for cash reserves after you buy. Saving money and preserving or improving your credit history are essential elements to homeownership. Now, take a closer look at just some of the different home loan options for first-time home buyers in Nashville below. 

 

Costs Associated With Home Ownership

Housing prices and rents vary from one Nashville neighborhood to another, but you can use a rent-vs.-buy calculator to estimate the difference between your current rent and buying a home. In some markets buying a home can cost the same or even less than renting. Remember, when you’re a homeowner you need to include homeowners insurance, property taxes and homeowner association dues in your housing costs. You can also use a home affordability calculator to help you estimate what you can pay for a home. Once you’ve thought through the emotional and financial aspects of becoming a homeowner, your next steps should be to find a reliable, experienced Realtor to become your partner in the home buying process and to meet with a reputable lender who can discuss your options for financing your purchase.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions. Real estate listings held by brokerage firms other than Benchmark Realty are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.

Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

Copyright 2022 RealTracs Solutions.

Listing information last updated on September 27th, 2022 at 10:39pm CDT.