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 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 6.61% for the week of 2023-12-01, compared to the national average (all FHA variants) of 6.949% for the same period.

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

The average rate for the prior week (2023-11-24) was 6.62% and one month ago for the week of 2023-10-27, the average rate was 6.93%.

The average rate one year ago was 6.04%.

For refis of the same type during the week of 2023-12-01, the average rate was 5.34%.

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 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 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
2023-06-01 $445,000 (-1.0%) $692,508 (3.8%) 1.00 8,178
2023-07-01 $449,000 (0.9%) $690,027 (7.1%) 1.02 8,341
2023-08-01 $442,500 (1.2%) $676,636 (9.3%) 1.02 8,691
2023-09-01 $439,244 (2.3%) $655,991 (7.0%) 1.02 9,566
2023-10-01 $429,950 (1.2%) $651,440 (6.4%) 1.01 11,057
2023-11-01 $425,000 (2.4%) $634,286 (5.0%) 1.01 12,245
Tampa's median listing price for 2023-11-01 was $425,000, a difference of $10,000 (2.4%) versus the prior year and $-4,950 versus the prior month.

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

Tampa's average listing price for 2023-11-01 was $634,286, a difference of $29,979 (5.0%) versus the prior year and $-17,154 versus the prior month.

For the 2023-11-01 period, Tampa had 12,245 MLS listings, a difference of 1,188 listings (11%) versus the prior month and 1,115 listings (10%) 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
2023-06-01 46 days 1,700 sqft
2023-07-01 46 days 1,703 sqft
2023-08-01 44 days 1,689 sqft
2023-09-01 44 days 1,690 sqft
2023-10-01 44 days 1,672 sqft
2023-11-01 47 days 1,652 sqft
Tampa's median listing age (time on market) for 2023-11-01 was 47 days. This is -13% shorter than the same period one year ago.

Tampa's median square footage for active listings during the 2023-11-01 period was 1,652 sqft. One year prior, the average listing was 1,690 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).