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 310 lenders originated 9,435 VA loans during 2022. The total origination value was $3,594,805,000, with an average VA loan value of $381,007.
Tampa VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Tampa
averaged
6.39%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Tampa's average VA mortgage closing costs are $6,614.
The average rate for the prior week (2023-05-19) was
5.81% and
one month ago for the week of 2023-04-21, the
average rate was 5.74%.
The average rate one year ago was 5.11%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.93%.
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 UNITED WHOLESALE MORTGAGE, LLC, with
931 VA loans originated. Their average total fees are
$10,086, which is $281
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Tampa VA lenders (with over 10 loans originated) are
Wyndham Capital Mortgage, Inc. ($5,526), LAKEVIEW LOAN SERVICING, LLC ($5,650), PARK SQUARE HOME MORTGAGE, LLC ($6,331), HOME SOLUTION LENDERS INC. ($6,527) and PENTAGON FEDERAL CREDIT UNION ($6,529).
The lowest rate Tampa VA lenders (with over 10 loans originated) are
NETWORK CAPITAL FUNDING CORPORATION (3.39%), Lakeview Community Capital, LLC (3.42%), PENTAGON FEDERAL CREDIT UNION (3.42%), Wyndham Capital Mortgage, Inc. (3.43%) and PENNYMAC LOAN SERVICES, LLC (3.47%).
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 | $273,174 (1.2%) | $394,843 (-0.8%) | 0.91 | 15,671 |
| 2019-04-01 | $279,900 (0.8%) | $405,487 (-0.8%) | 0.89 | 14,796 |
| 2019-05-01 | $283,996 (2.0%) | $408,350 (0.7%) | 0.89 | 14,366 |
| 2019-06-01 | $285,000 (2.2%) | $410,154 (1.2%) | 0.89 | 14,209 |
| 2019-07-01 | $285,000 (3.1%) | $406,732 (1.3%) | 0.89 | 13,852 |
| 2019-08-01 | $289,900 (5.5%) | $415,631 (3.8%) | 0.91 | 13,521 |
| 2019-09-01 | $289,450 (7.6%) | $421,163 (7.6%) | 0.91 | 12,240 |
| 2019-10-01 | $280,000 (3.8%) | $408,640 (3.6%) | 0.90 | 13,718 |
| 2019-11-01 | $279,900 (4.0%) | $409,663 (4.9%) | 0.92 | 13,406 |
| 2019-12-01 | $279,450 (4.7%) | $411,886 (6.9%) | 0.93 | 13,056 |
| 2020-01-01 | $276,900 (4.3%) | $415,728 (7.8%) | 0.93 | 12,621 |
| 2020-02-01 | $280,000 (3.7%) | $422,453 (7.5%) | 0.92 | 12,390 |
| 2020-03-01 | $284,000 (4.0%) | $425,639 (7.8%) | 0.89 | 12,275 |
| 2020-04-01 | $279,900 (0.0%) | $413,544 (2.0%) | 0.88 | 12,473 |
| 2020-05-01 | $285,000 (0.4%) | $426,203 (4.4%) | 0.87 | 11,627 |
| 2020-06-01 | $294,715 (3.4%) | $448,470 (9.3%) | 0.87 | 9,783 |
| 2020-07-01 | $299,178 (5.0%) | $463,681 (14.0%) | 0.87 | 8,773 |
| 2020-08-01 | $299,999 (3.5%) | $470,876 (13.3%) | 0.86 | 8,145 |
| 2020-09-01 | $304,950 (5.4%) | $481,459 (14.3%) | 0.87 | 7,775 |
| 2020-10-01 | $309,900 (10.7%) | $480,254 (17.5%) | 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 (15.9%) | 0.89 | 7,049 |
| 2021-01-01 | $299,900 (8.3%) | $493,768 (18.8%) | 0.90 | 5,752 |
| 2021-02-01 | $299,750 (7.1%) | $509,072 (20.5%) | 0.87 | 4,756 |
| 2021-03-01 | $304,041 (7.1%) | $516,200 (21.3%) | 0.86 | 3,920 |
| 2021-04-01 | $321,695 (14.9%) | $534,299 (29.2%) | 0.87 | 3,539 |
| 2021-05-01 | $337,500 (18.4%) | $540,007 (26.7%) | 0.90 | 3,621 |
| 2021-06-01 | $349,900 (18.7%) | $550,728 (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%) | $567,579 (20.5%) | 0.96 | 4,866 |
| 2021-09-01 | $367,000 (20.4%) | $562,387 (16.8%) | 0.98 | 4,807 |
| 2021-10-01 | $375,000 (21.0%) | $589,223 (22.7%) | 1.00 | 4,704 |
| 2021-11-01 | $382,000 (25.3%) | $599,428 (25.7%) | 1.02 | 4,416 |
| 2021-12-01 | $378,450 (26.2%) | $599,207 (25.5%) | 1.03 | 4,063 |
| 2022-01-01 | $385,000 (28.4%) | $628,506 (27.3%) | 1.04 | 3,393 |
| 2022-02-01 | $394,638 (31.7%) | $643,397 (26.4%) | 1.03 | 2,985 |
| 2022-03-01 | $399,950 (31.5%) | $662,379 (28.3%) | 1.00 | 3,077 |
| 2022-04-01 | $422,990 (31.5%) | $666,895 (24.8%) | 1.01 | 3,426 |
| 2022-05-01 | $439,723 (30.3%) | $674,385 (24.9%) | 1.01 | 4,884 |
| 2022-06-01 | $449,450 (28.5%) | $668,550 (21.4%) | 1.00 | 6,268 |
| 2022-07-01 | $444,900 (27.1%) | $645,452 (14.3%) | 1.01 | 8,640 |
| 2022-08-01 | $437,900 (21.7%) | $619,901 (9.2%) | 1.01 | 9,631 |
| 2022-09-01 | $429,450 (17.0%) | $613,656 (9.1%) | 1.00 | 10,078 |
| 2022-10-01 | $425,000 (13.3%) | $612,985 (4.0%) | 1.00 | 10,277 |
| 2022-11-01 | $415,000 (8.6%) | $604,451 (0.8%) | 1.00 | 11,130 |
| 2022-12-01 | $409,900 (8.3%) | $600,021 (0.1%) | 1.01 | 10,928 |
| 2023-01-01 | $400,000 (3.9%) | $609,300 (-3.1%) | 0.99 | 10,410 |
| 2023-02-01 | $400,000 (1.4%) | $623,272 (-3.1%) | 0.97 | 9,687 |
| 2023-03-01 | $411,000 (2.8%) | $652,215 (-1.5%) | 0.97 | 8,849 |
| 2023-04-01 | $410,000 (-3.1%) | $650,983 (-2.4%) | 0.95 | 8,624 |
Tampa's median listing price comes in at 95% of the national average.
Tampa's average listing price for 2023-04-01 was $650,983, a difference of $-15,912 (-2.4%) versus the prior year and $-1,232 versus the prior month.
For the 2023-04-01 period, Tampa had 8,624 MLS listings, a difference of -225 listings (-3%) versus the prior month and 5,198 listings (152%) 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 | 1,782 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 | 1,760 sqft |
| 2019-04-01 | 59 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 | 67 days | 1,833 sqft |
| 2019-09-01 | 71 days | 1,833 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 | 1,770 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 | 1,755 sqft |
| 2020-08-01 | 51 days | 1,747 sqft |
| 2020-09-01 | 49 days | 1,713 sqft |
| 2020-10-01 | 46 days | 1,698 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 | 1,611 sqft |
| 2021-03-01 | 37 days | 1,613 sqft |
| 2021-04-01 | 35 days | 1,629 sqft |
| 2021-05-01 | 32 days | 1,635 sqft |
| 2021-06-01 | 30 days | 1,641 sqft |
| 2021-07-01 | 33 days | 1,631 sqft |
| 2021-08-01 | 32 days | 1,629 sqft |
| 2021-09-01 | 36 days | 1,626 sqft |
| 2021-10-01 | 35 days | 1,633 sqft |
| 2021-11-01 | 38 days | 1,648 sqft |
| 2021-12-01 | 54 days | 1,622 sqft |
| 2022-01-01 | 41 days | 1,610 sqft |
| 2022-02-01 | 32 days | 1,610 sqft |
| 2022-03-01 | 30 days | 1,602 sqft |
| 2022-04-01 | 27 days | 1,616 sqft |
| 2022-05-01 | 24 days | 1,647 sqft |
| 2022-06-01 | 27 days | 1,688 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 | 1,679 sqft |
| 2023-01-01 | 66 days | 1,673 sqft |
| 2023-02-01 | 60 days | 1,666 sqft |
| 2023-03-01 | 52 days | 1,673 sqft |
| 2023-04-01 | 50 days | 1,673 sqft |
Tampa's median square footage for active listings during the 2023-04-01 period was 1,673 sqft. One year prior, the average listing was 1,616 sqft.