Tampa FHA Loan Rates, Closing Costs & Stats

TAMPA-ST. PETERSBURG-CLEARWATER, FL

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 341 lenders originated 18,721 FHA loans during 2021. The total origination value was $4,269,845,000, with an average FHA loan value of $228,078.

Tampa FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Tampa averaged 6.15% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

Tampa's average FHA mortgage closing costs are $7,722.

The average rate for the prior week (2023-01-20) was 6.12% and one month ago for the week of 2022-12-23, the average rate was 6.22%.

The average rate one year ago was 3.61%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.89%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 1,476 2.72% $6,660
CALIBER HOME LOANS, INC. 1,300 2.98% $8,615
EAGLE HOME MORTGAGE, LLC 925 3.44% $9,028
UNITED WHOLESALE MORTGAGE, LLC 917 2.77% $8,681
FREEDOM MORTGAGE CORPORATION 794 2.88% $6,208
PENNYMAC LOAN SERVICES, LLC 526 3.11% $5,586
LAKEVIEW LOAN SERVICING, LLC 511 3.07% $4,897
DHI MORTGAGE COMPANY, LTD. 496 2.93% $8,542
Mr. Cooper ( Nationstar Mortgage ) 404 3.29% $4,790
LOANDEPOT.COM, LLC 302 3.17% $9,197
FBC MORTGAGE, LLC 286 3.03% $8,884
CROSSCOUNTRY MORTGAGE, LLC 285 3.17% $9,582
NEWREZ LLC 269 2.98% $7,090
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 256 3.23% $8,691
HOMEBRIDGE FINANCIAL SERVICES, INC. 255 2.96% $9,375
HOME POINT FINANCIAL CORPORATION 255 2.89% $8,590
HOMEOWNERS FINANCIAL GROUP USA, LLC 254 3.21% $9,367
AMERIFIRST FINANCIAL CORPORATION 250 3.69% $9,235
Carrington Mortgage Services, LLC 245 3.37% $9,391
Lakeview Community Capital, LLC 236 3.05% $4,755
THE MORTGAGE FIRM, INC. 227 3.27% $8,498
Paramount Residential Mortgage Group, Inc. 219 3.43% $10,221
VAN DYK MORTGAGE CORPORATION 206 3.28% $8,595
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 190 2.98% $8,848
Mortgage Lenders Investment Trading Corporation 162 3.53% $6,895
VILLAGE CAPITAL MORTGAGE 155 2.88% $2,854
GUARANTEED RATE, INC. 142 2.97% $9,071
AMERICAN FINANCIAL NETWORK, INC. 142 3.11% $14,226
AmeriHome Mortgage Company, LLC 126 3.07% $4,628
GERSHMAN INVESTMENT CORP. 123 3.24% $8,615
PRIMARY RESIDENTIAL MORTGAGE, INC. 112 3.51% $10,302
PULTE MORTGAGE LLC 104 3.12% $6,231
NVR Mortgage Finance, Inc. 103 3.05% $10,387
MOVEMENT MORTGAGE, LLC 101 3.30% $8,152
BROKER SOLUTIONS, INC. 100 3.15% $9,179
HOMESPIRE MORTGAGE CORPORATION 94 3.30% $9,629
Nations Lending Corporation 88 3.07% $8,318
PLANET HOME LENDING, LLC 86 2.86% $6,077
Equity Prime Mortgage LLC 86 3.32% $8,938
ABSOLUTE HOME MORTGAGE CORPORATION 78 3.05% $9,322
First Option Mortgage, LLC 75 3.27% $9,567
MICHIGAN MUTUAL, INC. 73 3.19% $10,242
M/I FINANCIAL, LLC 71 2.80% $9,780
SUN WEST MORTGAGE COMPANY, INC. 65 3.09% $8,058
OPEN MORTGAGE, LLC 64 2.87% $8,959
CMG MORTGAGE, INC. 62 3.23% $10,002
AMERISAVE MORTGAGE CORPORATION 62 2.92% $9,398
LAND HOME FINANCIAL SERVICES, INC. 59 3.49% $11,614
NFM, INC. 56 3.21% $9,522
Synovus Bank 51 3.12% $9,474
HOME SOLUTION LENDERS INC. 48 2.67% $9,091
Hometown Equity Mortgage, LLC 48 3.30% $11,967
CELEBRITY HOME LOANS, LLC 48 3.33% $8,143
First Guaranty Mortgage Corporation 47 2.88% $7,489
SECURITYNATIONAL MORTGAGE COMPANY 47 3.13% $9,119
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 45 3.15% $9,622
MUTUAL OF OMAHA MORTGAGE, INC. 45 3.10% $8,898
CALCON MUTUAL MORTGAGE LLC 44 3.86% $8,469
InterContinental Capital Group, Inc 44 2.72% $8,144
LENDUS, LLC 42 3.13% $9,366
GUARANTEED RATE AFFINITY, LLC 41 2.91% $8,835
PREFERRED LENDING SERVICES, LLC 41 3.33% $8,183
HAMILTON HOME LOANS, INC. 41 3.17% $8,223
GENEVA FINANCIAL, LLC 40 3.39% $9,244
Flagstar Bank, FSB 39 2.91% $8,420
GUILD MORTGAGE COMPANY 38 3.07% $9,291
Commerce Home Mortgage, Inc. 36 3.23% $8,219
NJ LENDERS CORP. 36 3.19% $8,181
MATTAMY HOME FUNDING, LLC 34 2.67% $10,302
KBHS HOME LOANS, LLC 34 3.21% $13,133
TOP FLITE FINANCIAL, INC. 33 3.30% $14,060
Regions Bank 33 2.87% $8,092
EMM LOANS LLC 31 3.27% $10,537
FINANCE OF AMERICA MORTGAGE LLC 31 2.96% $8,232
NATIONS DIRECT MORTGAGE, LLC 30 3.21% $9,100
AMERICAN PACIFIC MORTGAGE CORPORATION 29 3.05% $8,902
Citizens Bank 29 2.88% $8,172
TOWNE MORTGAGE COMPANY 29 3.21% $11,459
HOMESIDE FINANCIAL, LLC 29 3.00% $9,031
Bank of America 27 3.02% $5,950
PARK SQUARE HOME MORTGAGE, LLC 26 2.87% $9,456
GTE Federal Credit Union 24 3.21% $8,101
AMERICAN FINANCING CORPORATION 24 2.90% $7,546
AmRes Corporation 24 3.06% $10,741
LOANPAL, LLC 24 2.61% $9,002
Plains Commerce Bank 23 2.73% $7,841
OCMBC, INC. 22 3.23% $8,567
Truist 22 2.91% $7,218
LEADERONE FINANCIAL CORPORATION 22 3.28% $8,803
OCEANSIDE MORTGAGE COMPANY 21 2.90% $3,373
Mortgage Research Center, LLC 21 3.07% $7,007
PLAZA HOME MORTGAGE, INC. 21 3.02% $7,984
UNION HOME MORTGAGE CORP. 21 2.82% $9,480
SUCCESS MORTGAGE PARTNERS, INC. 21 3.08% $9,479
Ameris Bank 21 2.81% $8,303
Hancock Whitney Bank 20 2.44% $10,780
MID AMERICA MORTGAGE, INC. 20 3.21% $6,658
Bank of England 20 3.42% $10,270
INSPIRE HOME LOANS INC. 20 3.12% $7,882
AMERICAN FINANCIAL RESOURCES, INC. 19 3.19% $8,736
Evolve Bank & Trust 18 3.01% $9,252
SWBC MORTGAGE CORPORATION 17 3.37% $7,394
The Federal Savings Bank 16 2.83% $10,130
South Pacific Financial Corporation 16 2.55% $11,419
South State Bank 16 2.84% $8,774
KELLER MORTGAGE, LLC 16 2.98% $7,512
GSF Mortgage Corporation 16 3.27% $11,045
ALL WESTERN MORTGAGE, INC. 16 3.35% $9,414
First Home Bank 15 2.79% $9,388
EQUITY RESOURCES, INC. 14 3.01% $8,091
Waterstone Mortgage Corporation 14 3.24% $9,762
LEGEND LENDING CORPORATION 14 3.37% $8,633
CONTOUR MORTGAGE CORPORATION 14 3.15% $9,499
EVERETT FINANCIAL, INC. 14 3.90% $7,820
First Federal Bank 14 3.05% $8,165
NP, Inc. 12 3.10% $9,457
DAS Acquisition Company, LLC 12 3.14% $8,983
Hometown Lenders, Inc. 12 3.09% $8,879
HOMESTAR FINANCIAL CORPORATION 11 3.26% $7,118
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 3.38% $10,265
RELIANCE FIRST CAPITAL, LLC 11 3.01% $9,026
PARKSIDE LENDING, LLC 11 2.81% $6,734
1ST FINANCIAL, INC. 10 3.11% $10,302
Bell Bank 10 2.88% $9,364
FIDELITY FUNDING MORTGAGE CORP. 10 2.86% $7,357
Financial Freedom Mortgage, LLC 10 3.16% $11,545
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 3.20% $8,604
JPMorgan Chase Bank 10 2.96% $5,039
LOANLEADERS OF AMERICA, INC. 10 3.14% $12,456
The Home Loan Expert LLC 10 2.99% $8,291
THRIVE MORTGAGE, LLC 10 3.25% $8,462
Wolfe Financial, Inc 10 2.75% $8,470
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 2.72% $8,254
Paramount Bank 9 2.90% $7,694
MORIA DEVELOPMENT, INC. 9 3.28% $8,363
Barrington Bank & Trust Company, N.A. 9 3.53% $7,168
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 9 3.46% $9,433
SOVEREIGN LENDING GROUP INCORPORATED 9 2.75% $7,838
Wells Fargo Bank 9 3.21% $7,014
BECKAM FUNDING CORP. 8 3.42% $12,566
M&T Bank 8 3.23% $7,340
EMBRACE HOME LOANS, INC. 8 3.20% $8,881
COUNTRYPLACE MORTGAGE, LTD. 8 4.08% $13,891
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 8 2.86% $10,130
READY MORTGAGE LENDERS, LLC 8 3.25% $12,877
Raymond James Bank 8 2.98% $7,219
BAY EQUITY LLC 8 3.03% $9,664
Century Mortgage Company DBA Century Lending Company 8 3.14% $8,775
ANGEL OAK HOME LOANS LLC 8 3.09% $8,908
GREAT WESTERN FINANCIAL SERVICES, INC. 8 3.16% $9,159
United Fidelity Funding Corp. 7 3.29% $10,104
ROYAL UNITED MORTGAGE LLC 7 2.70% $10,473
First Horizon Bank 7 2.80% $8,957
VANDERBILT MORTGAGE AND FINANCE, INC. 7 3.18% $7,916
FIRST COMMUNITY MORTGAGE, INC. 7 2.84% $8,157
RESIDENTIAL BANCORP. 7 2.75% $8,917
SOUTHPOINT FINANCIAL SERVICES, INC. 7 3.09% $7,953
Ixonia Bank 7 3.43% $9,380
CHAMPIONS MORTGAGE LLC 7 2.91% $9,057
ALLIED MORTGAGE GROUP, INC. 7 2.88% $9,887
ARC HOME LLC 7 2.79% $8,218
NATIONWIDE MORTGAGE BANKERS, INC. 7 3.30% $8,631
DATA MORTGAGE, INC. 6 3.73% $8,295
AMERICAN ADVISORS GROUP 6 3.10% $9,726
Austin Capital Bank SSB 6 2.81% $9,039
AMCAP MORTGAGE, LTD. 6 2.94% $12,133
FIRST ALLIANCE HOME MORTGAGE, LLC 6 3.17% $10,236
ML Mortgage Corp. 6 2.75% $9,644
PNC Bank 6 2.81% $7,440
FAIRWAY FUNDING GROUP, INC. 6 2.79% $9,544
Fifth Third Bank 5 2.95% $6,785
CHURCHILL MORTGAGE CORPORATION 5 3.00% $9,041
ZILLOW HOME LOANS, LLC 5 2.83% $10,198
Centennial Bank 5 3.13% $8,392
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 2.85% $9,186
ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 3.33% $9,891
VERITAS FUNDING, LLC 5 2.70% $11,945
1ST SIGNATURE LENDING, LLC 5 3.10% $7,746
PANORAMA MORTGAGE GROUP, LLC 5 3.20% $9,147
NORTHERN MORTGAGE SERVICES, LLC 5 3.20% $8,192
Christensen Financial, Inc. 5 3.18% $8,190
FIRST CENTENNIAL MORTGAGE CORPORATION 5 2.95% $9,355
T2 FINANCIAL LLC 5 3.08% $8,359
Magnolia Bank 5 3.10% $12,854
MYCUMORTGAGE, LLC 4 3.06% $8,347
Republic Bank & Trust Company 4 3.44% $7,201
RUOFF MORTGAGE COMPANY, INC. 4 3.41% $5,703
Seacoast National Bank 4 2.78% $7,254
Home Mortgage Alliance Corp 4 2.53% $11,156
Colten Mortgage, LLC 4 3.13% $5,496
STOCKTON MORTGAGE CORPORATION 4 2.81% $10,301
Strong Home Mortgage, LLC 4 2.44% $6,789
Summit Mortgage Corporation 4 3.09% $8,454
Goldwater Bank, N.A. 4 3.06% $9,695
CityWorth Mortgage LLC 4 2.91% $11,408
ENVOY MORTGAGE, LTD 4 3.47% $9,295
UNITED MORTGAGE CORP. 4 3.47% $9,510
ACADEMY MORTGAGE CORPORATION 4 3.19% $8,295
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.19% $9,532
INTELLILOAN, INC. 4 3.06% $6,198
Northpointe Bank 4 3.06% $8,155
GREENTREE MORTGAGE COMPANY, L.P. 4 2.81% $7,280
George Mason Mortgage, LLC 4 2.75% $9,559
PHH Mortgage Corporation 4 3.38% $6,599
BETTER MORTGAGE CORPORATION 4 3.00% $7,284
POLARIS HOME FUNDING CORP. 4 3.19% $9,685
BAYSHORE MORTGAGE FUNDING, LLC 4 3.00% $5,897
LADERA LENDING, INC. 4 2.88% $9,686
Prime Choice Funding Inc. 3 3.04% $9,924
J. VIRGIL, INC. 3 3.13% $9,258
Patriot Lending Services, Inc. 3 3.54% $6,374
HANCOCK MORTGAGE PARTNERS, LLC 3 3.33% $8,356
NETWORK CAPITAL FUNDING CORPORATION 3 3.21% $11,123
SOUTHWEST STAGE FUNDING, LLC 3 3.79% $3,329
FAMILY FIRST FUNDING LLC 3 2.96% $9,078
FAY SERVICING, LLC 3 3.08% $7,011
Keystone Funding, Inc. 3 3.42% $9,028
TJC Mortgage, Inc. 3 3.17% $7,145
ASPIRE FINANCIAL, INC. 3 2.50% $9,576
UNITED NORTHERN MORTGAGE BANKERS LIMITED 3 3.08% $11,136
MLD MORTGAGE INC. 3 2.96% $8,597
JAMES B. NUTTER & COMPANY 3 2.88% $5,146
UNITED SECURITY FINANCIAL CORP 3 2.87% $7,183
CHERRY CREEK MORTGAGE, LLC 3 2.79% $2,099
MILEND, INC. 3 2.58% $10,278
CERTAINTY HOME LOANS, LLC 3 3.04% $10,299
NATIONS RELIABLE LENDING, LLC 3 3.38% $10,447
Midwest Mortgage Associates Corporation 3 3.54% $11,257
U.S. Bank 3 2.71% $10,307
LIBERTY HOME MORTGAGE CORPORATION 3 3.04% $10,008
STEARNS LENDING, LLC 3 2.58% $8,279
Peoples Bank 2 2.81% $17,734
Prosperity Home Mortgage, LLC 2 3.63% $8,256
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 3.00% $8,474
S1L, Inc. 2 2.88% $11,262
RESIDENTIAL HOME MORTGAGE CORPORATION 2 2.81% $3,942
Victorian Finance, LLC 2 3.38% $9,536
FIDELITY DIRECT MORTGAGE, LLC 2 3.75% $10,551
First Savings Bank 2 3.06% $6,381
MORTGAGE EQUITY PARTNERS LLC 2 3.50% $6,981
Fortress Bank 2 2.81% $5,407
FOUNDATION MORTGAGE CORPORATION 2 3.31% $8,295
UNIVERSITY LENDING GROUP, LLC 2 2.81% $7,823
East Coast Capital Corp. 2 2.88% $13,294
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 2.75% $8,567
ROSS MORTGAGE CORPORATION 2 3.69% $9,935
Alcova Mortgage LLC 2 3.06% $6,543
ENDEAVOR CAPITAL, LLC. 2 3.25% $8,223
Town Square Mortgage & Investments, Inc. 2 2.94% $7,692
Chickasaw Community Bank 2 2.75% $10,321
Gateway First Bank 2 2.75% $6,739
INTERLINC MORTGAGE SERVICES, LLC 2 3.38% $8,341
The Huntington National Bank 2 3.13% $6,178
THE EQUITABLE MORTGAGE CORPORATION 2 3.00% $7,399
APEX HOME LOANS, INC. 2 3.56% $9,631
North American Savings Bank, F.S.B. 2 2.88% $4,671
CORNERSTONE HOME LENDING, INC. 2 3.25% $12,095
NORWICH COMMERCIAL GROUP, INC. 2 3.38% $7,693
NTFN, INC. 2 3.69% $9,249
Capital City Home Loans, LLC 2 2.88% $8,296
Princeton Mortgage Corporation 2 3.38% $9,265
CRESCENT MORTGAGE COMPANY 2 2.81% $8,602
JLB CORPORATION 2 2.75% $7,708
COLUMBUS CAPITAL LENDING, LLC 2 3.63% $11,888
Sierra Pacific Mortgage Company, Inc. 2 3.13% $7,982
WATSON MORTGAGE CORP. 2 3.00% $8,148
Blue Ridge Bank 2 3.00% $6,076
Towne Bank 1 2.75% $7,603
FIRST HOME MORTGAGE CORPORATION 1 2.63% $13,726
First Federal Bank of Kansas City 1 3.13% $8,535
GET A RATE LLC 1 3.13% $7,501
GREENWAY MORTGAGE FUNDING CORP. 1 4.25% $8,592
GROUP ONE MORTGAGE, INC. 1 2.75% $10,946
FIRST EQUITY MORTGAGE BANKERS, INC. 1 3.88% $10,262
FirstBank 1 3.38% $9,044
GVC MORTGAGE, INC. 1 3.13% $8,142
HALLMARK HOME MORTGAGE, LLC 1 3.00% $9,349
FBT Mortgage, L.L.C. 1 2.25% $5,784
Evesham Mortgage, LLC 1 3.00% $10,902
DRAPER AND KRAMER MORTGAGE CORP. 1 3.13% $6,331
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.13% $7,614
DEVELOPER'S MORTGAGE COMPANY 1 3.25% $7,352
INTERSTATE HOME LOAN CENTER, INC. 1 2.75% $11,736
JET DIRECT FUNDING CORP 1 2.75% $22,384
JET HOMELOANS, LLC 1 3.13% $7,192
JMAC LENDING, INC. 1 2.50% $6,760
DELMAR FINANCIAL COMPANY 1 2.63% $10,195
Kwik Mortgage Corporation 1 3.00% $10,585
Credence Funding Corporation 1 2.63% $5,086
COMPASS MORTGAGE, INC. 1 3.25% $9,952
LENDING 3, INC. 1 3.25% $9,232
Community Bank of Mississippi 1 2.75% $6,749
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.63% $7,696
CLEARPATH LENDING 1 3.00% $6,450
CITYWIDE HOME LOANS, LLC 1 3.25% $8,031
City National Bank of Florida 1 2.75% $7,168
MORTGAGE FINANCIAL SERVICES, LLC 1 3.63% $6,676
Citibank 1 3.25% $9,353
CIS Financial Services, Inc. 1 3.00% $10,325
Mutual Federal Bank 1 2.25% $6,967
NBKC BANK 1 2.75% $8,138
Network Funding, L.P. 1 3.88% $12,127
NEW FED MORTGAGE, CORP. 1 3.25% $10,837
NEXERA HOLDING LLC 1 2.63% $9,553
CBM Mortgage, Inc. 1 3.75% $7,592
Capital Bank 1 2.88% $8,444
CANOPY MORTGAGE, LLC 1 3.50% $16,203
Origin Bank 1 2.75% $5,926
OVM FINANCIAL, INC. 1 3.75% $11,076
BOND STREET MORTGAGE, LLC 1 3.00% $7,934
BOKF 1 3.38% $8,254
Patriot Bank 1 2.63% $5,507
BKCO MORTGAGE, LLC 1 2.99% $7,077
PIKE CREEK MORTGAGE SERVICES, INC. 1 4.00% $8,468
Bethpage Federal Credit Union 1 3.00% $3,072
BEST CAPITAL FUNDING 1 3.13% $9,293
BELEM SERVICING LLC 1 2.63% $7,631
PROPER RATE, LLC 1 2.63% $13,358
Atlantic Coast Mortgage, LLC 1 3.00% $9,213
Renasant Bank 1 3.25% $7,758
Republic Bank 1 2.50% $8,854
RESIDENTIAL HOME FUNDING CORP. 1 2.88% $2,612
Residential Mortgage Solutions, Inc. 1 3.00% $10,486
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 1 2.63% $13,402
Shamrock Home Loans, Inc. 1 2.75% $12,616
SHELTER HOME MORTGAGE, LLC 1 3.63% $8,941
SHELTER MORTGAGE COMPANY, L.L.C. 1 3.25% $6,934
SIGNATURE MORTGAGE CORPORATION 1 3.13% $7,123
SIRVA MORTGAGE, INC. 1 2.63% $4,506
Assurance Financial Group, L.L.C. 1 3.13% $9,116
TD Bank 1 3.00% $5,016
Amerifirst Financial, Inc. 1 3.25% $12,739
Wyndham Capital Mortgage, Inc. 1 3.25% $7,896
TIDEWATER MORTGAGE SERVICES, INC. 1 3.25% $6,049
Trust Mortgage Lending 1 3.63% $17,989
Union Savings Bank 1 3.25% $6,712
US MORTGAGE CORPORATION 1 3.13% $10,224
Valley National Bank 1 3.25% $6,309
Acre Mortgage and Financial Inc 1 3.75% $8,193
First Mortgage Solutions, LLC 1 2.99% $6,383
FLAT BRANCH MORTGAGE, INC. 1 2.88% $11,551

The top Tampa FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,476 FHA loans originated. Their average total fees are $6,660, which is $1,955 lower than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Tampa FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,854), OCEANSIDE MORTGAGE COMPANY ($3,373), AmeriHome Mortgage Company, LLC ($4,628), Lakeview Community Capital, LLC ($4,755) and Mr. Cooper ( Nationstar Mortgage ) ($4,790).

The lowest rate Tampa FHA lenders (with over 10 loans originated) are Hancock Whitney Bank (2.44%), South Pacific Financial Corporation (2.55%), LOANPAL, LLC (2.61%), MATTAMY HOME FUNDING, LLC (2.67%) and HOME SOLUTION LENDERS INC. (2.67%).

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

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 $267,722 (4.0%) $394,093 (0.9%) 0.97 13,297
2018-03-01 $269,900 (3.8%) $398,001 (0.9%) 0.95 13,383
2018-04-01 $277,750 (4.8%) $408,751 (2.1%) 0.94 13,195
2018-05-01 $278,320 (3.1%) $405,554 (0.7%) 0.93 13,361
2018-06-01 $279,000 (3.3%) $405,178 (0.6%) 0.93 13,524
2018-07-01 $276,545 (2.5%) $401,501 (0.9%) 0.92 13,653
2018-08-01 $274,748 (1.8%) $400,348 (1.0%) 0.92 13,824
2018-09-01 $269,040 (-0.2%) $391,554 (-0.6%) 0.90 14,120
2018-10-01 $269,700 (0.9%) $394,349 (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%) $393,071 (-0.3%) 0.91 16,085
2019-03-01 $274,242 (1.6%) $400,684 (0.7%) 0.90 15,596
2019-04-01 $279,900 (0.8%) $405,565 (-0.8%) 0.89 14,790
2019-05-01 $283,950 (2.0%) $408,307 (0.7%) 0.89 14,374
2019-06-01 $285,000 (2.2%) $410,055 (1.2%) 0.89 14,219
2019-07-01 $285,000 (3.1%) $406,639 (1.3%) 0.89 13,866
2019-08-01 $282,182 (2.7%) $405,432 (1.3%) 0.89 13,799
2019-09-01 $280,954 (4.4%) $405,723 (3.6%) 0.90 13,768
2019-10-01 $280,000 (3.8%) $407,224 (3.3%) 0.90 13,740
2019-11-01 $279,900 (4.0%) $409,532 (4.8%) 0.92 13,420
2019-12-01 $279,325 (4.6%) $411,754 (6.9%) 0.93 13,070
2020-01-01 $276,495 (4.1%) $415,583 (7.7%) 0.92 12,635
2020-02-01 $280,000 (3.7%) $422,293 (7.4%) 0.92 12,404
2020-03-01 $283,968 (3.6%) $425,486 (6.2%) 0.89 12,289
2020-04-01 $279,900 (0.0%) $413,404 (1.9%) 0.88 12,487
2020-05-01 $285,000 (0.4%) $426,037 (4.3%) 0.87 11,641
2020-06-01 $294,500 (3.3%) $448,252 (9.3%) 0.87 9,797
2020-07-01 $299,000 (4.9%) $463,422 (14.0%) 0.87 8,787
2020-08-01 $299,999 (6.3%) $470,591 (16.1%) 0.86 8,159
2020-09-01 $304,950 (8.5%) $481,156 (18.6%) 0.87 7,787
2020-10-01 $309,900 (10.7%) $479,991 (17.9%) 0.89 7,864
2020-11-01 $304,950 (9.0%) $476,542 (16.4%) 0.89 7,688
2020-12-01 $299,995 (7.4%) $477,271 (15.9%) 0.89 7,060
2021-01-01 $299,900 (8.5%) $493,342 (18.7%) 0.90 5,764
2021-02-01 $299,450 (7.0%) $508,539 (20.4%) 0.87 4,769
2021-03-01 $303,450 (6.9%) $515,609 (21.2%) 0.86 3,933
2021-04-01 $320,480 (14.5%) $533,578 (29.1%) 0.87 3,553
2021-05-01 $335,245 (17.6%) $537,985 (26.3%) 0.89 3,633
2021-06-01 $349,900 (18.8%) $549,642 (22.6%) 0.92 4,064
2021-07-01 $350,000 (17.1%) $563,293 (21.6%) 0.92 4,672
2021-08-01 $359,500 (19.8%) $565,783 (20.2%) 0.96 4,874
2021-09-01 $366,375 (20.1%) $560,428 (16.5%) 0.98 4,817
2021-10-01 $375,000 (21.0%) $587,427 (22.4%) 1.00 4,715
2021-11-01 $381,500 (25.1%) $597,607 (25.4%) 1.02 4,429
2021-12-01 $377,450 (25.8%) $597,292 (25.2%) 1.02 4,076
2022-01-01 $385,000 (28.4%) $626,033 (26.9%) 1.04 3,406
2022-02-01 $394,250 (31.7%) $641,859 (26.2%) 1.03 2,998
2022-03-01 $399,900 (31.8%) $660,902 (28.2%) 1.00 3,090
2022-04-01 $420,000 (31.1%) $665,661 (24.8%) 1.00 3,439
2022-05-01 $437,598 (30.5%) $673,348 (25.2%) 1.00 4,897
2022-06-01 $449,450 (28.5%) $667,739 (21.5%) 1.00 6,280
2022-07-01 $444,200 (26.9%) $644,887 (14.5%) 1.01 8,653
2022-08-01 $437,450 (21.7%) $619,353 (9.5%) 1.01 9,643
2022-09-01 $429,450 (17.2%) $613,212 (9.4%) 1.01 10,091
2022-10-01 $425,000 (13.3%) $612,544 (4.3%) 1.00 10,290
2022-11-01 $415,000 (8.8%) $604,053 (1.1%) 1.00 11,143
2022-12-01 $405,000 (7.3%) $596,712 (-0.1%) 1.01 11,040
Tampa's median listing price for 2022-12-01 was $405,000, a difference of $27,550 (7.3%) versus the prior year and $-10,000 versus the prior month.

Tampa's median listing price comes in at 101% of the national average.

Tampa's average listing price for 2022-12-01 was $596,712, a difference of $-580 (-0.1%) versus the prior year and $-7,341 versus the prior month.

For the 2022-12-01 period, Tampa had 11,040 MLS listings, a difference of -103 listings (-1%) versus the prior month and 6,964 listings (171%) 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 66 days 1,790 sqft
2018-02-01 58 days 1,797 sqft
2018-03-01 51 days 1,811 sqft
2018-04-01 53 days 1,829 sqft
2018-05-01 52 days 1,830 sqft
2018-06-01 54 days 1,836 sqft
2018-07-01 58 days 1,827 sqft
2018-08-01 58 days 1,824 sqft
2018-09-01 59 days 1,788 sqft
2018-10-01 57 days 1,797 sqft
2018-11-01 57 days 1,781 sqft
2018-12-01 61 days 1,755 sqft
2019-01-01 70 days 1,744 sqft
2019-02-01 65 days 1,753 sqft
2019-03-01 58 days 1,775 sqft
2019-04-01 58 days 1,796 sqft
2019-05-01 60 days 1,819 sqft
2019-06-01 59 days 1,828 sqft
2019-07-01 59 days 1,820 sqft
2019-08-01 60 days 1,813 sqft
2019-09-01 62 days 1,808 sqft
2019-10-01 64 days 1,804 sqft
2019-11-01 60 days 1,787 sqft
2019-12-01 65 days 1,774 sqft
2020-01-01 68 days 1,761 sqft
2020-02-01 60 days 1,769 sqft
2020-03-01 52 days 1,757 sqft
2020-04-01 56 days 1,734 sqft
2020-05-01 66 days 1,746 sqft
2020-06-01 69 days 1,754 sqft
2020-07-01 58 days 1,754 sqft
2020-08-01 51 days 1,746 sqft
2020-09-01 49 days 1,712 sqft
2020-10-01 46 days 1,697 sqft
2020-11-01 47 days 1,674 sqft
2020-12-01 52 days 1,660 sqft
2021-01-01 57 days 1,630 sqft
2021-02-01 43 days 1,610 sqft
2021-03-01 37 days 1,612 sqft
2021-04-01 35 days 1,628 sqft
2021-05-01 32 days 1,635 sqft
2021-06-01 30 days 1,641 sqft
2021-07-01 33 days 1,630 sqft
2021-08-01 32 days 1,628 sqft
2021-09-01 36 days 1,625 sqft
2021-10-01 36 days 1,632 sqft
2021-11-01 38 days 1,647 sqft
2021-12-01 54 days 1,621 sqft
2022-01-01 41 days 1,608 sqft
2022-02-01 32 days 1,607 sqft
2022-03-01 30 days 1,601 sqft
2022-04-01 27 days 1,613 sqft
2022-05-01 24 days 1,645 sqft
2022-06-01 27 days 1,687 sqft
2022-07-01 29 days 1,702 sqft
2022-08-01 37 days 1,715 sqft
2022-09-01 44 days 1,720 sqft
2022-10-01 51 days 1,708 sqft
2022-11-01 54 days 1,690 sqft
2022-12-01 59 days 1,678 sqft
Tampa's median listing age (time on market) for 2022-12-01 was 59 days. This is 9% longer than the same period one year ago.

Tampa's median square footage for active listings during the 2022-12-01 period was 1,678 sqft. One year prior, the average listing was 1,621 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).