Tampa VA Loan Rates, Closing Costs & Stats
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 not 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
0.48%
for the week of 2022-11-25, compared to the national average (all VA variants) of
0% for the same period.
Tampa's average VA mortgage closing costs are $5,933.
The average rate for the prior week (2022-11-18) was
6.57% and
one month ago for the week of 2022-10-21, the
average rate was 7.31%.
The average rate one year ago was 3.5%.
For refis of the same type during the week of 2022-11-25, the average rate
was -0.08%.
Tampa VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs 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 | $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%) | $549,727 (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%) | $667,717 (21.5%) | 1.00 | 6,280 |
| 2022-07-01 | $444,000 (26.9%) | $644,853 (14.5%) | 1.00 | 8,652 |
| 2022-08-01 | $437,450 (21.7%) | $619,324 (9.5%) | 1.01 | 9,642 |
| 2022-09-01 | $429,450 (17.2%) | $613,221 (9.4%) | 1.01 | 10,091 |
| 2022-10-01 | $425,000 (13.3%) | $612,544 (4.3%) | 1.00 | 10,290 |
Tampa's median listing price comes in at 100% of the national average.
Tampa's average listing price for 2022-10-01 was $612,544, a difference of $25,117 (4.3%) versus the prior year and $-677 versus the prior month.
For the 2022-10-01 period, Tampa had 10,290 MLS listings, a difference of 199 listings (2%) versus the prior month and 5,575 listings (118%) 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 | 1,714 sqft |
| 2022-09-01 | 44 days | 1,720 sqft |
| 2022-10-01 | 51 days | 1,707 sqft |
Tampa's median square footage for active listings during the 2022-10-01 period was 1,707 sqft. One year prior, the average listing was 1,632 sqft.
