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 298 lenders originated 11,630 FHA loans during 2023. The total origination value was $3,571,350,000, with an average FHA loan value of $307,081.

    Tampa FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Tampa averaged 6.9% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Tampa's average FHA mortgage closing costs are $9,005.

    The average rate for the prior week (2024-04-12) was 6.7% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.13%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,747 6.33% $13,767
    QUICKEN LOANS, LLC 935 6.13% $13,468
    DHI MORTGAGE COMPANY, LTD. 729 5.66% $9,906
    EAGLE HOME MORTGAGE, LLC 441 5.85% $12,013
    CARDINAL FINANCIAL 381 6.42% $14,350
    HOMEOWNERS FINANCIAL GROUP USA, LLC 302 6.65% $14,091
    CROSSCOUNTRY MORTGAGE, LLC 266 6.61% $13,781
    LOANDEPOT.COM, LLC 255 6.11% $12,500
    FREEDOM MORTGAGE CORPORATION 218 6.66% $15,018
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 203 6.70% $13,238
    PENNYMAC LOAN SERVICES, LLC 172 6.13% $14,866
    Paramount Residential Mortgage Group, Inc. 162 6.74% $16,398
    NEWREZ LLC 145 6.41% $13,049
    THE MORTGAGE FIRM, INC. 137 6.79% $12,271
    EVERETT FINANCIAL, INC. 133 6.90% $13,264
    MOVEMENT MORTGAGE, LLC 132 6.69% $13,217
    NVR Mortgage Finance, Inc. 119 5.66% $12,080
    AMERICAN FINANCIAL NETWORK, INC. 118 6.88% $15,732
    Carrington Mortgage Services, LLC 113 6.35% $14,257
    GUARANTEED RATE, INC. 111 6.07% $14,218
    CMG MORTGAGE, INC. 105 6.10% $19,197
    BROKER SOLUTIONS, INC. 104 6.72% $13,946
    Plains Commerce Bank 92 6.60% $15,387
    VAN DYK MORTGAGE CORPORATION 87 6.71% $9,803
    NFM, INC. 84 6.76% $14,035
    CALIBER HOME LOANS, INC. 77 6.09% $13,127
    Mr. Cooper ( Nationstar Mortgage ) 73 6.06% $17,827
    Equity Prime Mortgage LLC 72 6.81% $14,116
    FBC MORTGAGE, LLC 69 6.16% $11,249
    HOMESIDE FINANCIAL, LLC 68 6.62% $13,519
    Century Mortgage Company DBA Century Lending Company 67 6.39% $13,860
    SUN WEST MORTGAGE COMPANY, INC. 66 6.24% $14,770
    UNION HOME MORTGAGE CORP. 66 6.54% $13,086
    MATTAMY HOME FUNDING, LLC 63 5.63% $12,952
    AMERISAVE MORTGAGE CORPORATION 57 6.10% $14,862
    M/I FINANCIAL, LLC 57 6.10% $17,342
    HOMEBRIDGE FINANCIAL SERVICES, INC. 55 5.64% $18,399
    MY MORTGAGE, INC. 52 7.01% $18,532
    LOANPAL, LLC 50 5.83% $14,771
    GERSHMAN INVESTMENT CORP. 49 6.80% $13,981
    Flagstar Bank, FSB 49 6.51% $14,407
    HOME SOLUTION LENDERS INC. 48 5.82% $21,869
    Regions Bank 47 5.89% $11,661
    MUTUAL OF OMAHA MORTGAGE, INC. 47 6.43% $14,434
    EMBRACE HOME LOANS, INC. 45 6.57% $13,072
    Waterstone Mortgage Corporation 45 6.78% $13,385
    Sierra Pacific Mortgage Company, Inc. 44 6.16% $14,738
    TOWNE MORTGAGE COMPANY 42 6.34% $13,840
    Cornerstone First Mortgage, Inc 42 6.70% $12,755
    ABSOLUTE HOME MORTGAGE CORPORATION 41 6.40% $16,609
    PLAZA HOME MORTGAGE, INC. 41 6.50% $16,255
    Mortgage Lenders Investment Trading Corporation 40 7.11% $11,781
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 39 6.53% $12,183
    Synovus Bank 39 6.42% $11,119
    Keystone Funding, Inc. 39 6.56% $14,326
    OPEN MORTGAGE, LLC 38 6.44% $12,932
    PLANET HOME LENDING, LLC 35 6.56% $13,007
    PULTE MORTGAGE LLC 34 5.76% $8,424
    NJ LENDERS CORP. 32 6.52% $13,927
    GUILD MORTGAGE COMPANY 32 6.60% $12,164
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 32 6.25% $12,864
    LAKEVIEW LOAN SERVICING, LLC 31 5.86% $13,938
    LEADERONE FINANCIAL CORPORATION 31 6.69% $13,321
    GUARANTEED RATE AFFINITY, LLC 31 6.43% $14,109
    MICHIGAN MUTUAL, INC. 28 6.44% $16,990
    GENEVA FINANCIAL, LLC 27 6.96% $14,061
    MID AMERICA MORTGAGE, INC. 26 6.97% $17,634
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 26 6.57% $13,615
    Nations Lending Corporation 25 6.65% $13,820
    SUCCESS MORTGAGE PARTNERS, INC. 24 6.81% $14,275
    VANDERBILT MORTGAGE AND FINANCE, INC. 23 5.53% $12,521
    AMERICAN FINANCIAL RESOURCES, INC. 22 6.47% $14,249
    AMERICAN PACIFIC MORTGAGE CORPORATION 22 6.90% $12,806
    VERITAS FUNDING, LLC 21 6.49% $16,617
    TOP FLITE FINANCIAL, INC. 21 6.92% $18,428
    South State Bank 21 6.19% $11,787
    JPMorgan Chase Bank 19 6.50% $8,064
    OCMBC, INC. 19 7.38% $15,514
    EMM LOANS LLC 19 6.22% $15,682
    Lakeview Community Capital, LLC 18 6.16% $14,344
    NATIONS DIRECT MORTGAGE, LLC 18 6.46% $15,481
    AMERICAN FINANCING CORPORATION 18 6.24% $14,178
    GSF Mortgage Corporation 18 6.22% $12,867
    KBHS HOME LOANS, LLC 18 5.97% $16,898
    INSPIRE HOME LOANS INC. 18 5.78% $9,716
    Hometown Equity Mortgage, LLC 18 6.40% $17,444
    Mortgage Research Center, LLC 17 6.86% $8,701
    LEGEND LENDING CORPORATION 17 6.64% $17,563
    VILLAGE CAPITAL MORTGAGE 17 5.75% $15,160
    AmRes Corporation 17 6.91% $17,904
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.23% $13,321
    The Federal Savings Bank 16 6.63% $15,315
    Truist 16 6.22% $12,142
    AmeriHome Mortgage Company, LLC 16 5.93% $14,718
    NETWORK CAPITAL FUNDING CORPORATION 15 6.16% $13,006
    PRIMARY RESIDENTIAL MORTGAGE, INC. 14 6.54% $15,103
    Bank of England 14 6.59% $12,899
    Hancock Whitney Bank 14 5.89% $12,970
    MLB RESIDENTIAL LENDING, LLC 13 6.19% $13,653
    American Mortgage & Equity Consultants, Inc. 13 6.70% $13,239
    BAY EQUITY LLC 13 6.63% $16,384
    SECURITYNATIONAL MORTGAGE COMPANY 13 6.36% $14,909
    GARDNER FINANCIAL SERVICES, LTD. 13 7.16% $14,372
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 6.75% $19,847
    PREFERRED LENDING SERVICES, LLC 12 6.48% $13,077
    GTE Federal Credit Union 12 6.24% $11,605
    RELIANCE FIRST CAPITAL, LLC 12 6.44% $14,165
    Prosperity Home Mortgage, LLC 12 6.35% $14,292
    SWBC MORTGAGE CORPORATION 11 6.92% $10,678
    FIRST COMMUNITY MORTGAGE, INC. 11 6.61% $13,072
    MILEND, INC. 11 6.53% $18,124
    Loan Simple, Inc. 11 6.85% $17,645
    United Fidelity Funding Corp. 11 7.10% $18,061
    TIDEWATER MORTGAGE SERVICES, INC. 10 6.38% $12,900
    BECKAM FUNDING CORP. 10 7.24% $19,301
    ACADEMY MORTGAGE CORPORATION 10 6.65% $16,446
    STOCKTON MORTGAGE CORPORATION 10 6.99% $14,004
    ZILLOW HOME LOANS, LLC 9 6.53% $12,554
    CALCON MUTUAL MORTGAGE LLC 9 6.63% $19,692
    First Horizon Bank 9 6.60% $12,486
    Raymond James Bank 9 6.40% $10,372
    T2 FINANCIAL LLC 9 6.65% $13,785
    TJC Mortgage, Inc. 9 6.44% $15,136
    Wells Fargo Bank 9 6.60% $10,304
    U.S. Bank 8 6.91% $12,947
    LAND HOME FINANCIAL SERVICES, INC. 8 6.59% $14,635
    Ixonia Bank 8 6.50% $14,315
    PARK SQUARE HOME MORTGAGE, LLC 8 5.30% $12,787
    EQUITY RESOURCES, INC. 8 6.70% $11,302
    Fifth Third Bank 8 6.33% $8,237
    LIBERTY HOME MORTGAGE CORPORATION 8 7.00% $21,510
    Ameris Bank 7 6.38% $13,966
    Citizens Bank 7 6.57% $11,781
    Evolve Bank & Trust 7 6.54% $13,430
    First Option Mortgage, LLC 7 6.91% $13,319
    Bank of America 7 6.21% $9,203
    READY MORTGAGE LENDERS, LLC 7 6.79% $18,222
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.50% $13,228
    FAIRWAY FUNDING GROUP, INC. 7 6.77% $14,217
    PHH Mortgage Corporation 7 6.46% $12,036
    KELLER MORTGAGE, LLC 6 5.73% $10,690
    AMERICAN BANCSHARES MORTGAGE 6 6.69% $11,412
    PENTAGON FEDERAL CREDIT UNION 6 6.19% $14,877
    POINT Mortgage 6 6.85% $13,266
    FIRST MORTGAGE COMPANY, INC. 6 6.39% $13,740
    LADERA LENDING, INC. 6 6.31% $12,723
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 6 6.56% $11,121
    Midwest Mortgage Associates Corporation 6 7.15% $9,634
    US MORTGAGE CORPORATION 6 6.10% $16,027
    BAYSHORE MORTGAGE FUNDING, LLC 6 6.90% $15,296
    Northpointe Bank 6 6.15% $14,989
    NORTHPOINT MORTGAGE, INC. 6 6.40% $11,034
    ALLIED MORTGAGE GROUP, INC. 6 6.27% $10,977
    CANOPY MORTGAGE, LLC 5 6.52% $15,401
    NATIONWIDE MORTGAGE BANKERS, INC. 5 6.58% $11,006
    ROYAL UNITED MORTGAGE LLC 5 6.38% $9,043
    Bell Bank 5 6.50% $13,788
    First Heritage Mortgage, LLC 5 6.25% $14,487
    TOTAL MORTGAGE SERVICES, LLC 5 6.63% $15,354
    First Federal Bank 5 6.28% $9,437
    South Pacific Financial Corporation 5 6.58% $9,288
    DRAPER AND KRAMER MORTGAGE CORP. 5 6.30% $11,319
    HOMESPIRE MORTGAGE CORPORATION 5 6.65% $9,391
    THRIVE MORTGAGE, LLC 5 6.75% $11,836
    BancorpSouth 5 6.83% $7,710
    Capital City Home Loans, LLC 5 6.83% $12,703
    Barrington Bank & Trust Company, N.A. 4 6.38% $12,159
    NORWICH COMMERCIAL GROUP, INC. 4 7.00% $11,871
    Valley National Bank 4 6.81% $12,514
    MORTGAGE EQUITY PARTNERS LLC 4 7.31% $15,350
    NBKC BANK 4 6.03% $10,090
    AHL FUNDING 4 6.90% $23,697
    RESIDENTIAL BANCORP 4 6.16% $8,851
    CHURCHILL MORTGAGE CORPORATION 4 6.75% $14,511
    Paramount Bank 4 6.47% $11,247
    PANORAMA MORTGAGE GROUP, LLC 4 6.50% $15,841
    GEO-CORP, INC. 4 7.56% $21,592
    SOUTHPOINT FINANCIAL SERVICES, INC. 4 7.06% $8,926
    ON Q FINANCIAL, INC. 4 7.31% $15,974
    FIRST HOME MORTGAGE CORPORATION 4 6.56% $14,715
    FIRST ALLIANCE HOME MORTGAGE, LLC 4 6.41% $12,859
    Wolfe Financial, Inc 3 7.29% $16,076
    LOANLEADERS OF AMERICA, INC. 3 5.54% $17,069
    Magnolia Bank 3 6.83% $12,246
    PNC Bank 3 6.63% $7,186
    1ST FINANCIAL, INC. 3 7.29% $10,692
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.42% $12,207
    BOND STREET MORTGAGE, LLC 3 6.41% $19,203
    ENDEAVOR CAPITAL, LLC. 3 6.17% $14,215
    M&T Bank 3 6.42% $10,853
    SFMC, LP 3 6.71% $13,925
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 6.63% $11,646
    AMCAP MORTGAGE, LTD. 3 6.42% $14,375
    NEW DAY FINANCIAL, LLC 3 7.25% $10,855
    NEW FED MORTGAGE, CORP. 3 6.50% $17,733
    DAS Acquisition Company, LLC 3 6.46% $11,048
    Franklin Loan Corporation 3 5.38% $15,300
    Alcova Mortgage LLC 3 6.79% $7,976
    JMAC LENDING, INC. 3 5.79% $17,913
    Towne Bank 2 5.94% $17,919
    Florida Capital Bank 2 6.63% $16,753
    First Savings Bank 2 6.19% $10,374
    LOANFLIGHT LENDING, LLC 2 6.63% $10,134
    ENVOY MORTGAGE, LTD 2 6.19% $17,176
    DIRECT MORTGAGE LOANS, LLC 2 6.87% $12,084
    DIRECT MORTGAGE, CORP. 2 5.81% $13,471
    DG PINNACLE FUNDING LLC 2 7.00% $15,134
    CRESCENT MORTGAGE COMPANY 2 6.75% $10,228
    CONTOUR MORTGAGE CORPORATION 2 6.69% $15,567
    NORTHERN MORTGAGE SERVICES, LLC 2 6.25% $6,237
    NP, Inc. 2 6.44% $15,009
    CLIFFCO, INC. 2 6.13% $17,548
    OCEANSIDE MORTGAGE COMPANY 2 5.56% $7,588
    CIBM Bank 2 7.00% $13,751
    Premium Mortgage Corporation 2 6.25% $11,892
    Presidential Bank, FSB 2 6.19% $11,978
    BM Real Estate Services, Inc. 2 7.38% $13,475
    SeaTrust Mortgage Company 2 6.38% $11,410
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 7.75% $9,555
    Strong Home Mortgage, LLC 2 5.69% $10,524
    AXIA FINANCIAL, LLC 2 5.63% $14,850
    Summit Mortgage Corporation 2 6.38% $12,636
    THE EQUITABLE MORTGAGE CORPORATION 2 6.19% $14,604
    University Bank 2 6.50% $11,483
    ALAMEDA MORTGAGE CORPORATION 2 7.19% $10,627
    V.I.P. MORTGAGE, INC. 2 6.69% $16,370
    CityWorth Mortgage LLC 1 6.13% $17,757
    PROVINCE MORTGAGE ASSOCIATES, INC. 1 7.38% $24,712
    BOKF 1 7.13% $10,993
    FM Home Loans, LLC 1 6.25% $10,645
    RAPID MORTGAGE COMPANY 1 6.13% $7,643
    ACHIEVA CREDIT UNION 1 6.13% $9,875
    OAKTREE FUNDING CORP. 1 5.88% $19,325
    Blue Ridge Bank 1 6.13% $10,595
    NexBank 1 6.75% $20,723
    Renasant Bank 1 7.50% $13,346
    Network Funding, L.P. 1 6.25% $12,118
    Residential Mortgage Solutions, Inc. 1 6.75% $13,124
    DATA MORTGAGE, INC. 1 6.13% $17,198
    RUOFF MORTGAGE COMPANY, INC. 1 5.88% $5,788
    Seacoast National Bank 1 7.13% $9,201
    Vellum Mortgage, Inc. 1 5.25% $23,909
    DELMAR FINANCIAL COMPANY 1 7.13% $12,833
    Servion, Inc. 1 6.75% $14,642
    ServisFirst Bank 1 6.13% $11,112
    MYCUMORTGAGE, LLC 1 6.13% $9,352
    Shamrock Home Loans, Inc. 1 5.75% $13,670
    East Coast Capital Corp. 1 7.25% $12,724
    Advisors Mortgage Group, L.L.C. 1 5.25% $10,603
    MORTGAGE 1 INCORPORATED 1 6.13% $13,250
    MORIA DEVELOPMENT, INC. 1 6.25% $12,372
    MLD MORTGAGE INC. 1 6.75% $9,758
    SOUTHWEST STAGE FUNDING, LLC 1 7.13% $7,983
    STAUNTON FINANCIAL, INC. 1 5.88% $10,367
    Stifel Bank and Trust 1 5.75% $9,475
    Mid-Continent Funding, Inc. 1 5.99% $25,960
    Stride Bank 1 6.50% $14,615
    Acre Mortgage and Financial Inc 1 5.75% $14,073
    GMFS LLC 1 6.75% $12,266
    Watermark Capital, Inc. 1 6.75% $13,249
    Sunflower Bank 1 5.99% $32,294
    Atlantic Coast Mortgage, LLC 1 5.25% $10,791
    FAMILY FINANCE MORTGAGE, LLC 1 7.25% $9,103
    Assurance Financial Group, L.L.C. 1 7.13% $11,032
    FIDELITY DIRECT MORTGAGE, LLC 1 6.50% $16,440
    TD Bank 1 6.25% $8,774
    GREENTREE MORTGAGE COMPANY, L.P. 1 7.13% $16,437
    Arvest Bank 1 5.00% $15,701
    The Huntington National Bank 1 6.75% $8,366
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.25% $13,525
    THE MORTGAGE LINK, INC. 1 6.13% $17,162
    Financial Funding Solutions, Inc. 1 7.13% $8,605
    American Security Mortgage Corp. 1 7.25% $10,356
    FIRST COLONY MORTGAGE CORPORATION 1 5.63% $13,884
    FIRST EQUITY MORTGAGE BANKERS, INC. 1 6.75% $10,464
    LAKE MICHIGAN CREDIT UNION 1 6.38% $8,619
    George Mason Mortgage, LLC 1 7.00% $10,857
    Firstrust Savings Bank 1 6.13% $20,820
    JET DIRECT FUNDING CORP 1 6.63% $15,624
    INTERCOASTAL MORTGAGE COMPANY 1 5.88% $16,401
    INTERCAP LENDING INC. 1 6.13% $11,702
    INTELLILOAN, INC. 1 5.88% $19,043
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 7.25% $8,581
    Goldwater Bank, N.A. 1 6.63% $11,426
    Integrity Home Mortgage Corp 1 6.25% $20,473
    Flanagan State Bank 1 5.25% $12,700
    Platinum Home Mortgage Corporation 1 6.59% $10,115
    CBM Mortgage, Inc. 1 7.13% $13,014
    Centennial Bank 1 7.25% $10,410
    CHERRY CREEK MORTGAGE, LLC 1 6.25% $6,655
    POLARIS HOME FUNDING CORP. 1 6.75% $8,550
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $14,476
    PREMIER LENDING, INC. 1 6.63% $19,929
    HOMESTEAD FUNDING CORP. 1 5.63% $6,452
    HALLMARK HOME MORTGAGE, LLC 1 6.38% $15,420
    PINNACLE LENDING GROUP, INC. 1 6.75% $10,939
    Performance Financial, Inc. 1 7.75% $10,396
    PROPER RATE, LLC 1 7.25% $9,440

    The top Tampa FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,747 FHA loans originated. Their average total fees are $13,767, which is $299 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tampa FHA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($8,064), PULTE MORTGAGE LLC ($8,424), Mortgage Research Center, LLC ($8,701), INSPIRE HOME LOANS INC. ($9,716) and VAN DYK MORTGAGE CORPORATION ($9,803).

    The lowest rate Tampa FHA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. (5.53%), MATTAMY HOME FUNDING, LLC (5.63%), HOMEBRIDGE FINANCIAL SERVICES, INC. (5.64%), DHI MORTGAGE COMPANY, LTD. (5.66%) and NVR Mortgage Finance, Inc. (5.66%).

    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%) $395,388 (3.4%) 0.99 13,114
    2018-02-01 $267,736 (4.0%) $394,066 (0.9%) 0.97 13,295
    2018-03-01 $269,900 (3.8%) $397,972 (0.9%) 0.95 13,381
    2018-04-01 $277,750 (4.8%) $408,745 (2.1%) 0.94 13,194
    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 $269,040 (-0.2%) $391,542 (-0.6%) 0.90 14,121
    2018-10-01 $269,825 (1.0%) $394,341 (0.0%) 0.91 14,644
    2018-11-01 $269,020 (0.1%) $390,665 (-1.6%) 0.91 15,346
    2018-12-01 $267,000 (0.8%) $385,354 (-2.1%) 0.92 15,537
    2019-01-01 $265,495 (-0.3%) $385,653 (-2.5%) 0.92 15,824
    2019-02-01 $269,900 (0.8%) $392,998 (-0.3%) 0.91 16,085
    2019-03-01 $274,242 (1.6%) $400,617 (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 14,365
    2019-06-01 $285,000 (2.2%) $410,145 (1.2%) 0.89 14,208
    2019-07-01 $285,000 (3.1%) $406,717 (1.3%) 0.89 13,854
    2019-08-01 $282,396 (2.8%) $405,592 (1.3%) 0.89 13,788
    2019-09-01 $281,048 (4.5%) $406,014 (3.7%) 0.90 13,756
    2019-10-01 $280,000 (3.8%) $407,467 (3.3%) 0.90 13,727
    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%) $422,456 (7.5%) 0.92 12,390
    2020-03-01 $284,000 (3.6%) $425,706 (6.3%) 0.89 12,273
    2020-04-01 $279,900 (0.0%) $413,553 (2.0%) 0.88 12,472
    2020-05-01 $285,000 (0.3%) $426,215 (4.4%) 0.87 11,626
    2020-06-01 $294,728 (3.4%) $448,478 (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 (6.2%) $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 $299,996 (7.4%) $477,575 (16.0%) 0.89 7,050
    2021-01-01 $299,900 (8.4%) $493,734 (18.8%) 0.90 5,753
    2021-02-01 $299,700 (7.0%) $507,769 (20.2%) 0.87 4,756
    2021-03-01 $304,041 (7.1%) $515,492 (21.1%) 0.86 3,920
    2021-04-01 $321,548 (14.9%) $533,800 (29.1%) 0.87 3,539
    2021-05-01 $337,428 (18.4%) $539,796 (26.7%) 0.90 3,620
    2021-06-01 $349,900 (18.7%) $550,544 (22.8%) 0.92 4,054
    2021-07-01 $350,000 (17.0%) $564,725 (21.8%) 0.92 4,662
    2021-08-01 $359,950 (20.0%) $567,128 (20.4%) 0.96 4,864
    2021-09-01 $367,000 (20.4%) $562,134 (16.8%) 0.98 4,805
    2021-10-01 $375,000 (21.0%) $588,911 (22.6%) 1.00 4,703
    2021-11-01 $382,000 (25.3%) $599,162 (25.7%) 1.02 4,415
    2021-12-01 $378,450 (26.2%) $598,379 (25.3%) 1.03 4,062
    2022-01-01 $385,000 (28.4%) $627,165 (27.0%) 1.04 3,392
    2022-02-01 $395,794 (32.1%) $643,015 (26.6%) 1.03 2,985
    2022-03-01 $399,950 (31.5%) $661,580 (28.3%) 1.00 3,076
    2022-04-01 $421,000 (30.9%) $668,837 (25.3%) 1.00 3,425
    2022-05-01 $439,625 (30.3%) $674,221 (24.9%) 1.01 4,883
    2022-06-01 $449,450 (28.5%) $667,079 (21.2%) 1.00 6,266
    2022-07-01 $444,900 (27.1%) $644,368 (14.1%) 1.00 8,638
    2022-08-01 $437,450 (21.5%) $619,248 (9.2%) 1.01 9,629
    2022-09-01 $429,450 (17.0%) $612,959 (9.0%) 1.00 10,076
    2022-10-01 $425,000 (13.3%) $612,369 (4.0%) 1.00 10,276
    2022-11-01 $415,000 (8.6%) $604,228 (0.9%) 1.00 11,129
    2022-12-01 $409,000 (8.1%) $599,862 (0.3%) 1.01 10,926
    2023-01-01 $400,000 (3.9%) $608,470 (-3.0%) 0.99 10,410
    2023-02-01 $400,000 (1.1%) $622,584 (-3.2%) 0.97 9,686
    2023-03-01 $410,000 (2.5%) $651,365 (-1.5%) 0.97 8,848
    2023-04-01 $412,000 (-2.1%) $650,306 (-2.8%) 0.96 8,624
    2023-05-01 $439,000 (-0.1%) $682,374 (1.2%) 1.00 8,149
    2023-06-01 $445,000 (-1.0%) $692,472 (3.8%) 1.00 8,178
    2023-07-01 $449,000 (0.9%) $689,992 (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
    2023-12-01 $420,000 (2.7%) $627,779 (4.7%) 1.02 12,399
    2024-01-01 $419,450 (4.9%) $629,556 (3.5%) 1.02 12,506
    2024-02-01 $415,500 (3.9%) $623,443 (0.1%) 1.00 13,201
    2024-03-01 $419,000 (2.2%) $624,384 (-4.1%) 0.99 14,010
    Tampa's median listing price for 2024-03-01 was $419,000, a difference of $9,000 (2.2%) versus the prior year and $3,500 versus the prior month.

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

    Tampa's average listing price for 2024-03-01 was $624,384, a difference of $-26,981 (-4.1%) versus the prior year and $941 versus the prior month.

    For the 2024-03-01 period, Tampa had 14,010 MLS listings, a difference of 809 listings (6%) versus the prior month and 5,162 listings (58%) 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 33 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 1,690 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 1,702 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
    2023-12-01 57 days 1,622 sqft
    2024-01-01 64 days 1,600 sqft
    2024-02-01 57 days 1,590 sqft
    2024-03-01 51 days 1,598 sqft
    Tampa's median listing age (time on market) for 2024-03-01 was 51 days. This is 0% longer than the same period one year ago.

    Tampa's median square footage for active listings during the 2024-03-01 period was 1,598 sqft. One year prior, the average listing was 1,673 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).