Tampa VA Loans
TAMPA-ST. PETERSBURG-CLEARWATER, FL
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Tampa's 376 lenders originated 19,054 VA loans during 2021. The total origination value was $5,887,520,000, with an average VA loan value of $308,991.
Tampa VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Tampa
averaged
5.19%
for the week of 2022-08-05, compared to the national average (all VA variants) of
5.013% for the same period.
The average rate for the prior week (2022-07-29) was
5.74% and
one month ago for the week of 2022-07-01, the
average rate was 5.67%.
The average rate one year ago was 3.15%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.13%.
Tampa VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tampa level.
The top Tampa VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
1,615 VA loans originated. Their average total fees are
$3,840, which is $1,618
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Tampa VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($2,355), LAKEVIEW LOAN SERVICING, LLC ($2,546), AmeriHome Mortgage Company, LLC ($2,759), Mr. Cooper ( Nationstar Mortgage ) ($3,092) and Credence Funding Corporation ($3,176).
The lowest rate Tampa VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.27%), Credence Funding Corporation (2.28%), First Mortgage Solutions, LLC (2.31%), TJC Mortgage, Inc. (2.31%) and BNC National Bank (2.32%).
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 | $262,500 (5.0%) | $390,019 (2.7%) | 0.97 | 13,577 |
| 2018-02-01 | $265,000 (3.4%) | $389,585 (0.5%) | 0.96 | 13,735 |
| 2018-03-01 | $269,000 (3.5%) | $393,333 (0.4%) | 0.93 | 13,799 |
| 2018-04-01 | $276,015 (4.2%) | $405,857 (2.1%) | 0.93 | 13,492 |
| 2018-05-01 | $275,500 (2.1%) | $402,622 (0.6%) | 0.92 | 13,668 |
| 2018-06-01 | $276,500 (2.4%) | $402,506 (0.6%) | 0.92 | 13,811 |
| 2018-07-01 | $274,950 (1.9%) | $398,767 (0.6%) | 0.92 | 13,972 |
| 2018-08-01 | $271,445 (0.8%) | $396,622 (0.8%) | 0.91 | 14,154 |
| 2018-09-01 | $266,500 (-0.7%) | $388,408 (-0.7%) | 0.89 | 14,468 |
| 2018-10-01 | $267,950 (1.1%) | $391,368 (0.3%) | 0.90 | 15,000 |
| 2018-11-01 | $266,000 (-0.2%) | $387,699 (-1.1%) | 0.89 | 15,785 |
| 2018-12-01 | $264,960 (0.6%) | $382,235 (-1.6%) | 0.91 | 16,021 |
| 2019-01-01 | $264,495 (0.8%) | $383,191 (-1.8%) | 0.91 | 16,220 |
| 2019-02-01 | $268,530 (1.3%) | $391,059 (0.4%) | 0.90 | 16,416 |
| 2019-03-01 | $273,757 (1.8%) | $399,232 (1.5%) | 0.89 | 15,904 |
| 2019-04-01 | $278,950 (1.1%) | $404,882 (-0.2%) | 0.88 | 15,088 |
| 2019-05-01 | $280,995 (2.0%) | $408,268 (1.4%) | 0.87 | 14,736 |
| 2019-06-01 | $284,900 (3.0%) | $408,970 (1.6%) | 0.88 | 14,557 |
| 2019-07-01 | $282,540 (2.8%) | $405,305 (1.6%) | 0.88 | 14,178 |
| 2019-08-01 | $279,951 (3.1%) | $402,535 (1.5%) | 0.88 | 13,849 |
| 2019-09-01 | $279,900 (5.0%) | $401,782 (3.4%) | 0.89 | 13,556 |
| 2019-10-01 | $280,000 (4.5%) | $409,138 (4.5%) | 0.89 | 13,948 |
| 2019-11-01 | $279,000 (4.9%) | $406,897 (5.0%) | 0.90 | 13,721 |
| 2019-12-01 | $276,645 (4.4%) | $408,442 (6.9%) | 0.92 | 13,389 |
| 2020-01-01 | $275,000 (4.0%) | $411,693 (7.4%) | 0.92 | 12,950 |
| 2020-02-01 | $279,900 (4.2%) | $418,740 (7.1%) | 0.90 | 12,674 |
| 2020-03-01 | $282,000 (3.0%) | $422,651 (5.9%) | 0.88 | 12,548 |
| 2020-04-01 | $279,245 (0.1%) | $409,904 (1.2%) | 0.87 | 12,794 |
| 2020-05-01 | $284,900 (1.4%) | $423,242 (3.7%) | 0.86 | 11,883 |
| 2020-06-01 | $292,450 (2.7%) | $444,898 (8.8%) | 0.85 | 9,989 |
| 2020-07-01 | $297,992 (5.5%) | $461,539 (13.9%) | 0.85 | 8,917 |
| 2020-08-01 | $299,900 (7.1%) | $468,007 (16.3%) | 0.86 | 8,300 |
| 2020-09-01 | $300,000 (7.2%) | $479,601 (19.4%) | 0.86 | 7,878 |
| 2020-10-01 | $307,500 (9.8%) | $479,109 (17.1%) | 0.88 | 7,944 |
| 2020-11-01 | $302,990 (8.6%) | $475,098 (16.8%) | 0.87 | 7,792 |
| 2020-12-01 | $299,900 (8.4%) | $475,004 (16.3%) | 0.88 | 7,184 |
| 2021-01-01 | $299,000 (8.7%) | $486,343 (18.1%) | 0.88 | 6,069 |
| 2021-02-01 | $299,450 (7.0%) | $504,363 (20.5%) | 0.86 | 4,795 |
| 2021-03-01 | $302,500 (7.3%) | $512,360 (21.2%) | 0.85 | 3,928 |
| 2021-04-01 | $319,950 (14.6%) | $531,146 (29.6%) | 0.86 | 3,519 |
| 2021-05-01 | $335,000 (17.6%) | $536,977 (26.9%) | 0.88 | 3,638 |
| 2021-06-01 | $349,623 (19.6%) | $548,331 (23.3%) | 0.91 | 4,080 |
| 2021-07-01 | $350,000 (17.5%) | $557,117 (20.7%) | 0.91 | 4,596 |
| 2021-08-01 | $359,450 (19.9%) | $563,259 (20.4%) | 0.94 | 4,918 |
| 2021-09-01 | $362,500 (20.8%) | $556,633 (16.1%) | 0.95 | 4,869 |
| 2021-10-01 | $374,900 (21.9%) | $582,805 (21.6%) | 0.99 | 4,754 |
| 2021-11-01 | $377,500 (24.6%) | $593,002 (24.8%) | 0.99 | 4,460 |
| 2021-12-01 | $376,000 (25.4%) | $590,956 (24.4%) | 1.00 | 4,106 |
| 2022-01-01 | $384,900 (28.7%) | $618,347 (27.1%) | 1.03 | 3,415 |
| 2022-02-01 | $393,900 (31.5%) | $636,503 (26.2%) | 1.00 | 3,016 |
| 2022-03-01 | $399,450 (32.1%) | $650,584 (27.0%) | 0.99 | 3,064 |
| 2022-04-01 | $419,000 (31.0%) | $660,559 (24.4%) | 0.99 | 3,415 |
| 2022-05-01 | $437,400 (30.6%) | $665,807 (24.0%) | 0.98 | 4,931 |
| 2022-06-01 | $446,998 (27.9%) | $661,161 (20.6%) | 0.99 | 6,361 |
Tampa's median listing price comes in at 99% of the national average.
Tampa's average listing price for 2022-06-01 was $661,161, a difference of $112,830 (20.6%) versus the prior year and $-4,646 versus the prior month.
For the 2022-06-01 period, Tampa had 6,361 MLS listings, a difference of 1,430 listings (29%) versus the prior month and 2,281 listings (56%) 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 | 1,797 sqft |
| 2018-02-01 | 58 days | 1,805 sqft |
| 2018-03-01 | 51 days | 1,816 sqft |
| 2018-04-01 | 54 days | 1,832 sqft |
| 2018-05-01 | 54 days | 1,836 sqft |
| 2018-06-01 | 56 days | 1,838 sqft |
| 2018-07-01 | 58 days | 1,833 sqft |
| 2018-08-01 | 59 days | 1,828 sqft |
| 2018-09-01 | 59 days | 1,798 sqft |
| 2018-10-01 | 57 days | 1,805 sqft |
| 2018-11-01 | 57 days | 1,790 sqft |
| 2018-12-01 | 60 days | 1,760 sqft |
| 2019-01-01 | 70 days | 1,753 sqft |
| 2019-02-01 | 66 days | 1,758 sqft |
| 2019-03-01 | 58 days | 1,784 sqft |
| 2019-04-01 | 57 days | 1,802 sqft |
| 2019-05-01 | 57 days | 1,823 sqft |
| 2019-06-01 | 58 days | 1,829 sqft |
| 2019-07-01 | 58 days | 1,824 sqft |
| 2019-08-01 | 59 days | 1,815 sqft |
| 2019-09-01 | 60 days | 1,809 sqft |
| 2019-10-01 | 60 days | 1,823 sqft |
| 2019-11-01 | 59 days | 1,800 sqft |
| 2019-12-01 | 64 days | 1,785 sqft |
| 2020-01-01 | 68 days | 1,773 sqft |
| 2020-02-01 | 61 days | 1,783 sqft |
| 2020-03-01 | 52 days | 1,765 sqft |
| 2020-04-01 | 55 days | 1,738 sqft |
| 2020-05-01 | 66 days | 1,750 sqft |
| 2020-06-01 | 71 days | 1,762 sqft |
| 2020-07-01 | 59 days | 1,758 sqft |
| 2020-08-01 | 52 days | 1,755 sqft |
| 2020-09-01 | 50 days | 1,718 sqft |
| 2020-10-01 | 48 days | 1,707 sqft |
| 2020-11-01 | 48 days | 1,682 sqft |
| 2020-12-01 | 53 days | 1,672 sqft |
| 2021-01-01 | 57 days | 1,640 sqft |
| 2021-02-01 | 47 days | 1,625 sqft |
| 2021-03-01 | 40 days | 1,625 sqft |
| 2021-04-01 | 37 days | 1,636 sqft |
| 2021-05-01 | 34 days | 1,638 sqft |
| 2021-06-01 | 32 days | 1,649 sqft |
| 2021-07-01 | 35 days | 1,637 sqft |
| 2021-08-01 | 34 days | 1,636 sqft |
| 2021-09-01 | 37 days | 1,636 sqft |
| 2021-10-01 | 37 days | 1,642 sqft |
| 2021-11-01 | 39 days | 1,660 sqft |
| 2021-12-01 | 42 days | 1,633 sqft |
| 2022-01-01 | 44 days | 1,623 sqft |
| 2022-02-01 | 35 days | 1,622 sqft |
| 2022-03-01 | 32 days | 1,616 sqft |
| 2022-04-01 | 28 days | 1,624 sqft |
| 2022-05-01 | 27 days | 1,667 sqft |
| 2022-06-01 | 29 days | 1,698 sqft |
Tampa's median square footage for active listings during the 2022-06-01 period was 1,698 sqft. One year prior, the average listing was 1,649 sqft.
