Compare mortgage rates and fees for leading lenders in Tampa, FL. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Tampa.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Tampa. Plus, shopping lenders is free and there is no obligation.
August 18, 2019
The current average rate for a 30 year fixed rate mortgage in Tampa is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Tampa, FL (Hillsborough County) is $236,669
The median household income for Tampa, FL (Hillsborough County) is $55,385
Based on current mortgage rates and a 10% down payment, you need to make $43,910 per year to buy the median priced home in Tampa
The home price you can afford to by based on household income in Tampa is 126% of the median home value which means housing prices are average
Tampa (Hillsborough County) ranks 48 out of 67 counties in Florida and 2,822 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Tampa, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tampa (Hillsborough County) below.
Conforming loan limits for Tampa, FL
FHA loan limits for Tampa, FL
VA loan limits for Tampa, FL
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index