Tampa FHA Loan Rates, Closing Costs & Stats

TAMPA-ST. PETERSBURG-CLEARWATER, FL

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Tampa's 322 lenders originated 11,434 FHA loans during 2022. The total origination value was $3,186,950,000, with an average FHA loan value of $278,726.

    Tampa FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Tampa averaged -0.54% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

    Tampa's average FHA mortgage closing costs are $8,325.

    The average rate for the prior week (2023-05-26) was 5.99% and one month ago for the week of 2023-04-28, the average rate was 6.14%.

    The average rate one year ago was 4.79%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.31%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tampa FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tampa level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,093 4.82% $11,898
    QUICKEN LOANS, LLC 881 4.34% $11,614
    CALIBER HOME LOANS, INC. 566 4.67% $11,684
    EAGLE HOME MORTGAGE, LLC 553 4.82% $12,430
    LOANDEPOT.COM, LLC 422 4.66% $11,581
    DHI MORTGAGE COMPANY, LTD. 362 4.45% $11,185
    FREEDOM MORTGAGE CORPORATION 323 4.75% $12,271
    PENNYMAC LOAN SERVICES, LLC 236 4.31% $12,154
    CROSSCOUNTRY MORTGAGE, LLC 224 5.31% $13,106
    CARDINAL FINANCIAL 205 4.82% $12,204
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 198 5.20% $11,545
    HOMEOWNERS FINANCIAL GROUP USA, LLC 184 5.13% $12,967
    HOME POINT FINANCIAL CORPORATION 181 4.33% $12,026
    AMERIFIRST FINANCIAL CORPORATION 153 5.25% $12,124
    Mr. Cooper ( Nationstar Mortgage ) 134 4.34% $12,951
    Carrington Mortgage Services, LLC 131 4.87% $12,860
    Paramount Residential Mortgage Group, Inc. 128 5.32% $14,887
    THE MORTGAGE FIRM, INC. 127 5.29% $12,037
    VAN DYK MORTGAGE CORPORATION 126 4.96% $10,064
    LAKEVIEW LOAN SERVICING, LLC 120 3.90% $7,387
    Mortgage Lenders Investment Trading Corporation 115 4.75% $9,074
    BROKER SOLUTIONS, INC. 114 4.94% $12,332
    GUARANTEED RATE, INC. 109 4.76% $11,782
    NEWREZ LLC 107 4.74% $10,592
    AMERISAVE MORTGAGE CORPORATION 100 4.42% $13,171
    HOMEBRIDGE FINANCIAL SERVICES, INC. 94 4.68% $13,759
    MOVEMENT MORTGAGE, LLC 84 5.14% $10,672
    EVERETT FINANCIAL, INC. 84 5.38% $8,005
    Equity Prime Mortgage LLC 77 5.21% $13,527
    FBC MORTGAGE, LLC 76 5.02% $10,387
    Nations Lending Corporation 68 5.00% $13,018
    NVR Mortgage Finance, Inc. 67 4.40% $13,237
    GERSHMAN INVESTMENT CORP. 66 5.20% $12,026
    Lakeview Community Capital, LLC 61 3.99% $7,980
    Flagstar Bank, FSB 56 4.83% $11,341
    NFM, INC. 55 5.41% $12,493
    MY MORTGAGE, INC. 51 5.42% $16,105
    CMG MORTGAGE, INC. 50 5.52% $12,500
    ABSOLUTE HOME MORTGAGE CORPORATION 49 5.26% $13,873
    OPEN MORTGAGE, LLC 47 4.80% $10,517
    AMERICAN FINANCING CORPORATION 47 4.53% $11,787
    HOMESIDE FINANCIAL, LLC 45 5.06% $12,803
    SUN WEST MORTGAGE COMPANY, INC. 45 4.55% $11,570
    Synovus Bank 44 4.85% $10,549
    MICHIGAN MUTUAL, INC. 43 4.93% $14,013
    MUTUAL OF OMAHA MORTGAGE, INC. 41 4.70% $12,529
    TOP FLITE FINANCIAL, INC. 40 5.20% $17,843
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 39 5.41% $13,514
    PULTE MORTGAGE LLC 36 4.66% $8,684
    HOME SOLUTION LENDERS INC. 36 3.93% $10,507
    PLANET HOME LENDING, LLC 35 4.29% $9,110
    GUARANTEED RATE AFFINITY, LLC 34 5.11% $11,007
    AMERICAN PACIFIC MORTGAGE CORPORATION 34 4.97% $13,514
    GUILD MORTGAGE COMPANY 32 5.27% $11,616
    Cornerstone First Mortgage, Inc 32 4.87% $12,018
    Sierra Pacific Mortgage Company, Inc. 32 4.34% $12,085
    Hometown Equity Mortgage, LLC 31 5.21% $16,205
    PRIMARY RESIDENTIAL MORTGAGE, INC. 30 4.87% $12,752
    M/I FINANCIAL, LLC 29 4.71% $15,379
    Plains Commerce Bank 29 5.46% $14,782
    VILLAGE CAPITAL MORTGAGE 29 3.83% $8,514
    PLAZA HOME MORTGAGE, INC. 28 5.03% $13,045
    Waterstone Mortgage Corporation 28 5.91% $14,123
    GENEVA FINANCIAL, LLC 26 5.02% $12,942
    NJ LENDERS CORP. 26 4.35% $11,197
    JPMorgan Chase Bank 25 4.51% $8,953
    LAND HOME FINANCIAL SERVICES, INC. 25 5.08% $12,542
    LOANPAL, LLC 24 4.02% $14,051
    Regions Bank 24 4.42% $10,533
    MATTAMY HOME FUNDING, LLC 24 4.37% $12,555
    AMERICAN FINANCIAL RESOURCES, INC. 23 5.16% $11,302
    Citizens Bank 21 4.14% $10,068
    PREFERRED LENDING SERVICES, LLC 21 5.45% $10,726
    KBHS HOME LOANS, LLC 20 4.89% $17,557
    READY MORTGAGE LENDERS, LLC 20 5.14% $16,484
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 5.32% $13,883
    EMM LOANS LLC 20 5.24% $13,329
    PRIMELENDING, A PLAINSCAPITAL COMPANY 19 5.42% $11,238
    HAMILTON HOME LOANS, INC. 18 4.85% $11,286
    FINANCE OF AMERICA MORTGAGE LLC 18 4.85% $13,318
    SUCCESS MORTGAGE PARTNERS, INC. 17 5.22% $14,119
    INSPIRE HOME LOANS INC. 17 5.03% $10,140
    NATIONS DIRECT MORTGAGE, LLC 17 4.56% $13,263
    RELIANCE FIRST CAPITAL, LLC 17 4.88% $11,311
    BECKAM FUNDING CORP. 17 5.94% $18,243
    The Home Loan Expert LLC 17 5.40% $11,363
    First Home Bank 15 5.12% $12,951
    MILEND, INC. 15 5.16% $16,687
    Truist 15 4.71% $8,676
    AmeriHome Mortgage Company, LLC 15 4.60% $11,296
    TOWNE MORTGAGE COMPANY 15 4.72% $12,256
    South State Bank 14 5.15% $10,709
    United Fidelity Funding Corp. 13 5.60% $15,274
    Evolve Bank & Trust 13 4.94% $13,974
    Century Mortgage Company DBA Century Lending Company 13 4.79% $11,089
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 4.73% $12,291
    AmRes Corporation 12 4.49% $14,301
    EMBRACE HOME LOANS, INC. 12 5.47% $14,262
    CALCON MUTUAL MORTGAGE LLC 12 4.91% $11,390
    ALLIED MORTGAGE GROUP, INC. 12 5.07% $14,538
    First Guaranty Mortgage Corporation 12 3.95% $9,339
    The Federal Savings Bank 11 4.93% $12,845
    UNION HOME MORTGAGE CORP. 11 4.51% $10,449
    First Federal Bank 10 5.15% $13,662
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 4.46% $13,572
    OCMBC, INC. 10 5.25% $15,227
    PARK SQUARE HOME MORTGAGE, LLC 10 5.64% $9,565
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 5.26% $11,859
    LIBERTY HOME MORTGAGE CORPORATION 10 5.63% $14,172
    Bank of America 10 4.01% $5,730
    GSF Mortgage Corporation 10 5.60% $14,338
    NETWORK CAPITAL FUNDING CORPORATION 10 4.76% $12,287
    FIRST COMMUNITY MORTGAGE, INC. 10 4.99% $13,793
    EQUITY RESOURCES, INC. 10 4.40% $9,216
    Mortgage Research Center, LLC 9 4.72% $8,756
    LEADERONE FINANCIAL CORPORATION 9 5.35% $13,867
    ANGEL OAK HOME LOANS LLC 9 4.03% $9,672
    LADERA LENDING, INC. 9 4.86% $13,308
    MID AMERICA MORTGAGE, INC. 9 5.08% $9,460
    Hancock Whitney Bank 9 3.88% $11,071
    DAS Acquisition Company, LLC 9 5.61% $14,463
    SECURITYNATIONAL MORTGAGE COMPANY 9 4.86% $11,391
    Wells Fargo Bank 9 5.00% $8,644
    LOANLEADERS OF AMERICA, INC. 8 4.75% $17,217
    Paramount Bank 8 4.84% $11,269
    Barrington Bank & Trust Company, N.A. 8 5.07% $11,961
    M&T Bank 8 3.44% $8,608
    Wyndham Capital Mortgage, Inc. 8 5.00% $8,226
    GTE Federal Credit Union 8 4.16% $8,415
    PNC Bank 8 4.55% $7,686
    Strong Home Mortgage, LLC 8 3.89% $8,207
    HOMESTAR FINANCIAL CORPORATION 7 4.43% $11,973
    Bank of England 7 5.34% $13,088
    VANDERBILT MORTGAGE AND FINANCE, INC. 7 5.73% $14,486
    NATIONWIDE MORTGAGE BANKERS, INC. 7 5.11% $15,164
    Raymond James Bank 7 5.05% $9,730
    LEGEND LENDING CORPORATION 7 5.66% $9,038
    THRIVE MORTGAGE, LLC 7 5.45% $11,731
    ZILLOW HOME LOANS, LLC 7 4.27% $11,036
    ACADEMY MORTGAGE CORPORATION 7 5.59% $11,978
    CONTOUR MORTGAGE CORPORATION 6 5.56% $18,520
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 4.88% $11,125
    STOCKTON MORTGAGE CORPORATION 6 4.85% $11,830
    BAY EQUITY LLC 6 5.02% $10,704
    FIDELITY FUNDING MORTGAGE CORP. 6 5.42% $11,826
    HOMESPIRE MORTGAGE CORPORATION 6 4.06% $10,904
    BETTER MORTGAGE CORPORATION 6 4.63% $12,339
    South Pacific Financial Corporation 6 4.58% $12,398
    Ixonia Bank 6 4.50% $16,476
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 4.85% $19,078
    GREAT WESTERN FINANCIAL SERVICES, INC. 6 5.69% $13,506
    PHH Mortgage Corporation 6 4.65% $8,820
    Bell Bank 6 4.52% $11,104
    KELLER MORTGAGE, LLC 6 4.79% $10,242
    MLB RESIDENTIAL LENDING, LLC 6 4.40% $13,293
    NP, Inc. 6 4.92% $15,727
    RUOFF MORTGAGE COMPANY, INC. 5 4.90% $9,341
    U.S. Bank 5 4.80% $8,374
    Amerifirst Financial, Inc. 5 5.43% $11,861
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 5.15% $10,171
    SWBC MORTGAGE CORPORATION 5 5.03% $11,519
    Financial Freedom Mortgage, LLC 5 5.33% $11,688
    AMERICAN BANCSHARES MORTGAGE, LLC 5 4.68% $10,231
    AMERICAN ADVISORS GROUP 5 4.10% $7,885
    Northpointe Bank 5 4.38% $10,444
    FOUNDATION MORTGAGE CORPORATION 5 4.33% $18,279
    SOUTHPOINT FINANCIAL SERVICES, INC. 5 4.90% $16,730
    Preston Home Loans Inc 5 5.33% $8,476
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 5.20% $14,246
    CHAMPIONS MORTGAGE LLC 5 5.19% $14,013
    INTELLILOAN, INC. 5 4.70% $16,022
    BAYSHORE MORTGAGE FUNDING, LLC 4 5.00% $16,623
    INLANTA MORTGAGE, INC. 4 5.44% $10,892
    NBKC BANK 4 5.09% $10,942
    MORIA DEVELOPMENT, INC. 4 5.38% $15,701
    NEW DAY FINANCIAL, LLC 4 5.75% $7,702
    Republic Bank & Trust Company 4 4.53% $13,463
    RESIDENTIAL BANCORP. 4 5.06% $11,251
    Goldwater Bank, N.A. 4 4.97% $13,181
    SOUTHWEST FUNDING, LP 4 4.72% $15,852
    1ST FINANCIAL, INC. 4 5.72% $15,962
    First Horizon Bank 4 5.19% $9,963
    Advisors Mortgage Group, L.L.C. 4 4.97% $12,270
    Midwest Mortgage Associates Corporation 4 4.56% $13,594
    OCEANSIDE MORTGAGE COMPANY 4 4.75% $6,152
    T2 FINANCIAL LLC 4 5.53% $13,097
    Loan Simple, Inc. 4 6.59% $11,598
    Texana Bank 4 4.44% $11,490
    Magnolia Bank 4 4.91% $12,984
    TOTAL MORTGAGE SERVICES, LLC 4 5.63% $11,501
    Wolfe Financial, Inc 4 5.47% $14,766
    UNITED MORTGAGE CORP. 4 4.28% $12,227
    POLARIS HOME FUNDING CORP. 3 5.00% $11,927
    Prosperity Home Mortgage, LLC 3 5.00% $8,544
    RESIDENTIAL HOME MORTGAGE CORPORATION 3 5.63% $15,527
    ROYAL UNITED MORTGAGE LLC 3 5.88% $14,797
    CHURCHILL MORTGAGE CORPORATION 3 4.58% $15,124
    SOUTHWEST STAGE FUNDING, LLC 3 4.54% $8,236
    SOVEREIGN LENDING GROUP INCORPORATED 3 3.79% $17,773
    Commerce Home Mortgage, Inc. 3 4.33% $12,892
    VERITAS FUNDING, LLC 3 5.58% $20,387
    East Coast Capital Corp. 3 4.17% $11,968
    FAIRWAY FUNDING GROUP, INC. 3 4.92% $13,966
    Fifth Third Bank 3 4.25% $7,435
    First Heritage Mortgage, LLC 3 5.38% $10,543
    FIRST MORTGAGE COMPANY, INC. 3 3.41% $10,760
    BancorpSouth Bank 3 3.08% $10,710
    Capital City Home Loans, LLC 3 4.83% $10,190
    PENTAGON FEDERAL CREDIT UNION 3 4.88% $7,292
    AMCAP MORTGAGE, LTD. 2 5.87% $13,938
    BEST CAPITAL FUNDING 2 5.06% $12,789
    JET HOMELOANS, LLC 2 5.38% $8,570
    Allied First Bank,sb 2 4.63% $7,256
    INTERSTATE HOME LOAN CENTER, INC. 2 4.50% $16,165
    NATIONS RELIABLE LENDING, LLC 2 5.50% $16,852
    Alcova Mortgage LLC 2 4.38% $13,004
    HOMEXPRESS MORTGAGE CORP. 2 4.50% $12,382
    Hometown Lenders, Inc. 2 4.31% $11,828
    HOMESTEAD FUNDING CORP. 2 4.75% $10,766
    HANCOCK MORTGAGE PARTNERS, LLC 2 4.69% $17,184
    GREENTREE MORTGAGE COMPANY, L.P. 2 5.19% $17,214
    FLAT BRANCH MORTGAGE, INC. 2 3.38% $13,874
    Austin Capital Bank SSB 2 5.44% $14,923
    American Mortgage & Equity Consultants, Inc. 2 5.00% $11,331
    First Savings Bank 2 3.13% $6,676
    First Option Mortgage, LLC 2 6.94% $14,406
    FIRST HOME MORTGAGE CORPORATION 2 6.75% $13,390
    ASPIRE FINANCIAL, INC. 2 4.50% $11,603
    First Bank 2 4.06% $8,210
    FIRST ALLIANCE HOME MORTGAGE, LLC 2 4.88% $14,022
    Acre Mortgage and Financial Inc 2 5.44% $13,297
    ACOPIA, LLC 2 5.63% $11,370
    ENDEAVOR CAPITAL, LLC. 2 5.13% $9,581
    DRAPER AND KRAMER MORTGAGE CORP. 2 4.13% $13,563
    DATA MORTGAGE, INC. 2 6.38% $12,447
    COLUMBUS CAPITAL LENDING, LLC 2 4.31% $11,785
    Town Square Mortgage & Investments, Inc. 2 4.44% $10,881
    Seacoast National Bank 2 5.06% $9,195
    CASTLE & COOKE MORTGAGE, LLC 2 4.94% $13,572
    Citibank 2 5.25% $21,183
    SHELTER MORTGAGE COMPANY, L.L.C. 2 4.19% $16,476
    AMERICAN MORTGAGE SERVICE COMPANY 2 5.38% $8,827
    MORTGAGE EQUITY PARTNERS LLC 2 5.06% $13,288
    Mortgage Assurance Inc. 2 3.94% $9,098
    INTERCAP LENDING INC. 1 5.13% $9,032
    1ST PREFERENCE MORTGAGE CORP. 1 4.00% $12,908
    ALAMEDA MORTGAGE CORPORATION 1 7.13% $13,631
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 3.75% $12,626
    Ameris Bank 1 3.63% $7,664
    ARC HOME LLC 1 5.63% $10,062
    Arvest Bank 1 5.00% $10,048
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.50% $8,245
    Atlantic Coast Mortgage, LLC 1 5.13% $20,014
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 4.25% $14,233
    BANKSOUTH MORTGAGE COMPANY, LLC 1 4.13% $10,970
    BEST FINANCE CAPITAL, INC. 1 5.25% $12,067
    BOND STREET MORTGAGE, LLC 1 3.75% $13,161
    CAPITAL PARTNERS MORTGAGE, LLC 1 5.99% $14,902
    CapStar Bank 1 6.00% $8,890
    CERTAINTY HOME LOANS, LLC 1 5.63% $13,140
    CHERRY CREEK MORTGAGE, LLC 1 5.25% $6,899
    Christensen Financial, Inc. 1 5.25% $16,205
    CIS Financial Services, Inc. 1 6.00% $7,398
    City Bank 1 5.13% $13,549
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 4.00% $7,718
    Colonial Savings, F.A. 1 3.25% $10,448
    Colten Mortgage, LLC 1 6.00% $12,500
    Credence Funding Corporation 1 2.50% $5,430
    CROSSFIRE FINANCIAL NETWORK, INC. 1 5.25% $17,825
    DG PINNACLE FUNDING LLC 1 4.25% $11,141
    DIRECTIONS EQUITY, LLC 1 6.88% $9,219
    DIRECT MORTGAGE LOANS, LLC 1 5.75% $21,602
    ENVOY MORTGAGE, LTD 1 5.25% $11,994
    EVANSVILLE TEACHERS 1 6.63% $12,407
    FAY SERVICING, LLC 1 3.25% $6,901
    FIDELITY DIRECT MORTGAGE, LLC 1 5.75% $17,826
    Financial Funding Solutions, Inc. 1 4.75% $12,783
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.25% $8,631
    FIRST EQUITY MORTGAGE BANKERS, INC. 1 4.63% $13,008
    First Mortgage Solutions, LLC 1 4.50% $8,395
    First United Bank and Trust Company 1 7.63% $5,647
    Florida Capital Bank 1 3.88% $7,913
    GEO-CORP, INC. 1 5.75% $12,574
    HALLMARK HOME MORTGAGE, LLC 1 4.13% $11,231
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 3.63% $10,846
    JAMES B. NUTTER & COMPANY 1 5.00% $9,745
    JLB CORPORATION 1 4.50% $10,282
    J. VIRGIL, INC. 1 5.25% $11,672
    KEESLER 1 5.25% $9,825
    LENDING 3, INC. 1 6.88% $6,460
    LENDING CAPITAL GROUP Inc 1 4.38% $24,528
    LOANFLIGHT LENDING, LLC 1 4.75% $7,535
    Low VA Rates, LLC 1 6.75% $12,401
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 4.75% $16,505
    Meridian Bank Corporation 1 5.25% $11,966
    MLD MORTGAGE INC. 1 4.63% $11,175
    MORTGAGE 1 INCORPORATED 1 3.99% $12,322
    MYCUMORTGAGE, LLC 1 3.13% $7,390
    NORTHPOINT MORTGAGE, INC. 1 6.25% $10,658
    NORWICH COMMERCIAL GROUP, INC. 1 5.75% $16,299
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.13% $11,602
    NTFN, INC. 1 5.25% $9,733
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $17,570
    Peoples Bank 1 6.75% $17,199
    PREMIER LENDING, INC. 1 5.13% $8,441
    RAPID MORTGAGE COMPANY 1 6.13% $14,114
    RESIDENTIAL HOME FUNDING CORP. 1 4.88% $9,938
    Residential Mortgage Solutions, Inc. 1 3.38% $13,484
    SeaTrust Mortgage Company 1 4.50% $9,939
    Semper Home Loans, Inc. 1 5.63% $10,145
    SHELTER HOME MORTGAGE, LLC 1 5.38% $17,702
    Simmons Bank 1 4.00% $10,891
    Somerville Bank 1 5.50% $9,177
    STEARNS LENDING, LLC 1 3.25% $5,413
    Summit Mortgage Corporation 1 5.25% $12,321
    TD Bank 1 3.00% $7,683
    TJC Mortgage, Inc. 1 5.13% $12,895
    Towne Bank 1 4.75% $10,807
    UNIVERSITY LENDING GROUP, LLC 1 3.50% $16,611
    US MORTGAGE CORPORATION 1 5.63% $18,248
    Valley National Bank 1 7.13% $13,409
    Victorian Finance, LLC 1 5.25% $10,003

    The top Tampa FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,093 FHA loans originated. Their average total fees are $11,898, which is $283 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tampa FHA lenders (with over 10 loans originated) are Bank of America ($5,730), LAKEVIEW LOAN SERVICING, LLC ($7,387), Lakeview Community Capital, LLC ($7,980), EVERETT FINANCIAL, INC. ($8,005) and VILLAGE CAPITAL MORTGAGE ($8,514).

    The lowest rate Tampa FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.83%), LAKEVIEW LOAN SERVICING, LLC (3.90%), HOME SOLUTION LENDERS INC. (3.93%), First Guaranty Mortgage Corporation (3.95%) and Lakeview Community Capital, LLC (3.99%).

    Tampa FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $266,250 (6.5%) $395,404 (3.4%) 0.99 13,116
    2018-02-01 $267,736 (4.0%) $394,079 (0.9%) 0.97 13,297
    2018-03-01 $269,900 (3.8%) $397,984 (0.9%) 0.95 13,383
    2018-04-01 $277,750 (4.8%) $408,745 (2.1%) 0.94 13,195
    2018-05-01 $278,320 (3.1%) $405,556 (0.7%) 0.93 13,361
    2018-06-01 $279,000 (3.3%) $405,160 (0.6%) 0.93 13,524
    2018-07-01 $276,545 (2.5%) $401,532 (1.0%) 0.92 13,653
    2018-08-01 $274,750 (1.8%) $400,410 (1.0%) 0.92 13,824
    2018-09-01 $269,020 (-0.2%) $391,542 (-0.6%) 0.90 14,120
    2018-10-01 $269,700 (0.9%) $394,345 (0.0%) 0.91 14,643
    2018-11-01 $269,020 (0.1%) $390,669 (-1.6%) 0.91 15,344
    2018-12-01 $267,000 (0.8%) $385,355 (-2.1%) 0.92 15,537
    2019-01-01 $265,495 (-0.3%) $385,715 (-2.5%) 0.92 15,824
    2019-02-01 $269,900 (0.8%) $393,063 (-0.3%) 0.91 16,085
    2019-03-01 $274,242 (1.6%) $400,649 (0.7%) 0.90 15,593
    2019-04-01 $279,900 (0.8%) $405,434 (-0.8%) 0.89 14,784
    2019-05-01 $284,042 (2.1%) $408,326 (0.7%) 0.89 14,366
    2019-06-01 $285,000 (2.2%) $410,130 (1.2%) 0.89 14,209
    2019-07-01 $285,000 (3.1%) $406,724 (1.3%) 0.89 13,852
    2019-08-01 $282,233 (2.7%) $405,604 (1.3%) 0.89 13,785
    2019-09-01 $280,976 (4.4%) $406,025 (3.7%) 0.90 13,754
    2019-10-01 $280,000 (3.8%) $407,475 (3.3%) 0.90 13,726
    2019-11-01 $279,900 (4.0%) $409,672 (4.9%) 0.92 13,406
    2019-12-01 $279,450 (4.7%) $411,875 (6.9%) 0.93 13,056
    2020-01-01 $276,700 (4.2%) $415,741 (7.8%) 0.92 12,621
    2020-02-01 $280,000 (3.7%) $422,444 (7.5%) 0.92 12,390
    2020-03-01 $284,000 (3.6%) $425,686 (6.3%) 0.89 12,275
    2020-04-01 $279,900 (0.0%) $413,542 (2.0%) 0.88 12,473
    2020-05-01 $285,000 (0.3%) $426,203 (4.4%) 0.87 11,627
    2020-06-01 $294,715 (3.4%) $448,470 (9.4%) 0.87 9,783
    2020-07-01 $299,178 (5.0%) $463,681 (14.0%) 0.87 8,773
    2020-08-01 $299,999 (6.3%) $470,876 (16.1%) 0.86 8,145
    2020-09-01 $304,950 (8.5%) $481,459 (18.6%) 0.87 7,775
    2020-10-01 $309,900 (10.7%) $480,254 (17.9%) 0.89 7,853
    2020-11-01 $305,000 (9.0%) $476,813 (16.4%) 0.89 7,677
    2020-12-01 $299,995 (7.4%) $477,561 (16.0%) 0.89 7,049
    2021-01-01 $299,900 (8.4%) $493,718 (18.8%) 0.90 5,752
    2021-02-01 $299,700 (7.0%) $507,835 (20.2%) 0.87 4,756
    2021-03-01 $304,000 (7.0%) $515,625 (21.1%) 0.86 3,920
    2021-04-01 $321,548 (14.9%) $533,941 (29.1%) 0.87 3,539
    2021-05-01 $337,500 (18.4%) $539,970 (26.7%) 0.90 3,621
    2021-06-01 $349,900 (18.7%) $550,708 (22.8%) 0.92 4,055
    2021-07-01 $350,000 (17.0%) $564,882 (21.8%) 0.92 4,663
    2021-08-01 $359,950 (20.0%) $567,227 (20.5%) 0.96 4,866
    2021-09-01 $367,000 (20.4%) $562,193 (16.8%) 0.98 4,807
    2021-10-01 $375,000 (21.0%) $589,061 (22.7%) 1.00 4,704
    2021-11-01 $382,000 (25.3%) $599,311 (25.7%) 1.02 4,416
    2021-12-01 $378,450 (26.2%) $598,535 (25.3%) 1.03 4,063
    2022-01-01 $385,000 (28.4%) $627,352 (27.1%) 1.04 3,393
    2022-02-01 $396,950 (32.5%) $643,204 (26.7%) 1.03 2,985
    2022-03-01 $399,950 (31.6%) $661,768 (28.3%) 1.00 3,077
    2022-04-01 $421,000 (30.9%) $668,979 (25.3%) 1.00 3,426
    2022-05-01 $440,000 (30.4%) $674,348 (24.9%) 1.01 4,884
    2022-06-01 $449,450 (28.5%) $667,189 (21.2%) 1.00 6,268
    2022-07-01 $444,900 (27.1%) $644,484 (14.1%) 1.00 8,640
    2022-08-01 $437,450 (21.5%) $619,338 (9.2%) 1.01 9,632
    2022-09-01 $429,450 (17.0%) $613,049 (9.1%) 1.00 10,078
    2022-10-01 $425,000 (13.3%) $612,419 (4.0%) 1.00 10,277
    2022-11-01 $415,000 (8.6%) $604,307 (0.8%) 1.00 11,130
    2022-12-01 $409,000 (8.1%) $599,954 (0.2%) 1.01 10,927
    2023-01-01 $400,000 (3.9%) $608,532 (-3.0%) 0.99 10,411
    2023-02-01 $400,000 (0.8%) $622,635 (-3.2%) 0.97 9,688
    2023-03-01 $410,391 (2.6%) $651,448 (-1.6%) 0.97 8,849
    2023-04-01 $411,750 (-2.2%) $650,269 (-2.8%) 0.96 8,625
    2023-05-01 $439,000 (-0.2%) $682,384 (1.2%) 0.99 8,150
    Tampa's median listing price for 2023-05-01 was $439,000, a difference of $-1,000 (-0.2%) versus the prior year and $27,250 versus the prior month.

    Tampa's median listing price comes in at 99% of the national average.

    Tampa's average listing price for 2023-05-01 was $682,384, a difference of $8,036 (1.2%) versus the prior year and $32,115 versus the prior month.

    For the 2023-05-01 period, Tampa had 8,150 MLS listings, a difference of -475 listings (-6%) versus the prior month and 3,266 listings (67%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 64 days 1,790 sqft
    2018-02-01 54 days 1,797 sqft
    2018-03-01 50 days 1,811 sqft
    2018-04-01 51 days 1,829 sqft
    2018-05-01 50 days 1,830 sqft
    2018-06-01 52 days 1,835 sqft
    2018-07-01 54 days 1,827 sqft
    2018-08-01 56 days 1,824 sqft
    2018-09-01 57 days 1,788 sqft
    2018-10-01 54 days 1,797 sqft
    2018-11-01 54 days 1,782 sqft
    2018-12-01 59 days 1,755 sqft
    2019-01-01 67 days 1,744 sqft
    2019-02-01 62 days 1,753 sqft
    2019-03-01 55 days 1,775 sqft
    2019-04-01 57 days 1,796 sqft
    2019-05-01 57 days 1,819 sqft
    2019-06-01 57 days 1,828 sqft
    2019-07-01 57 days 1,820 sqft
    2019-08-01 58 days 1,813 sqft
    2019-09-01 59 days 1,808 sqft
    2019-10-01 60 days 1,804 sqft
    2019-11-01 58 days 1,787 sqft
    2019-12-01 62 days 1,774 sqft
    2020-01-01 66 days 1,761 sqft
    2020-02-01 57 days 1,770 sqft
    2020-03-01 50 days 1,757 sqft
    2020-04-01 53 days 1,734 sqft
    2020-05-01 64 days 1,746 sqft
    2020-06-01 64 days 1,754 sqft
    2020-07-01 55 days 1,754 sqft
    2020-08-01 48 days 1,747 sqft
    2020-09-01 47 days 1,713 sqft
    2020-10-01 44 days 1,698 sqft
    2020-11-01 45 days 1,674 sqft
    2020-12-01 50 days 1,660 sqft
    2021-01-01 54 days 1,630 sqft
    2021-02-01 40 days 1,612 sqft
    2021-03-01 35 days 1,614 sqft
    2021-04-01 34 days 1,630 sqft
    2021-05-01 31 days 1,635 sqft
    2021-06-01 29 days 1,641 sqft
    2021-07-01 32 days 1,631 sqft
    2021-08-01 31 days 1,629 sqft
    2021-09-01 36 days 1,626 sqft
    2021-10-01 35 days 1,633 sqft
    2021-11-01 37 days 1,648 sqft
    2021-12-01 53 days 1,623 sqft
    2022-01-01 40 days 1,610 sqft
    2022-02-01 31 days 1,608 sqft
    2022-03-01 29 days 1,602 sqft
    2022-04-01 26 days 1,616 sqft
    2022-05-01 24 days 1,649 sqft
    2022-06-01 26 days 1,691 sqft
    2022-07-01 29 days 1,704 sqft
    2022-08-01 37 days 1,716 sqft
    2022-09-01 44 days 1,720 sqft
    2022-10-01 50 days 1,708 sqft
    2022-11-01 54 days 1,690 sqft
    2022-12-01 58 days 1,680 sqft
    2023-01-01 65 days 1,673 sqft
    2023-02-01 59 days 1,667 sqft
    2023-03-01 51 days 1,673 sqft
    2023-04-01 49 days 1,673 sqft
    2023-05-01 46 days 1,686 sqft
    Tampa's median listing age (time on market) for 2023-05-01 was 46 days. This is 90% longer than the same period one year ago.

    Tampa's median square footage for active listings during the 2023-05-01 period was 1,686 sqft. One year prior, the average listing was 1,649 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).