Best Tampa Florida Mortgage Lenders for 2022 • Benzinga

Benzinga has researched the best mortgage lenders to show you the best mortgage lenders in Tampa, Florida for buying a home or refinancing.

Best Mortgage Lenders in Tampa Florida

To start

securely through the Rocket Mortgage website

Avg. Days before loan closing

30

Exam in 1 minute

Rocket Mortgage is one of the best mortgage lenders around, making it easy to apply for a home loan completely online. Its streamlined pre-approval process and quick access to customer service sets it apart from other online lenders. Rocket Mortgage offers a wide variety of mortgages and is backed by the largest mortgage lender, Quicken Loans. Whether you need help or know exactly what you’re looking for, Rocket Mortgage connects you to the right type of mortgage and helps you complete your application quickly online.

Best for

  • Homebuyers looking to complete the mortgage application process on their own
  • Homebuyers who have found their dream home and are looking to get through the approval process quickly
  • Homebuyers with good credit ratings looking to review their mortgage options
  • Current owners looking to refinance in the next few months
Benefits
  • Rocket Mortgage lets you move forward at your own pace, guiding you every step of the way. After you answer all of the application questions, Rocket Mortgage lets you know if you’re approved and displays your personalized mortgage recommendations
  • You can submit checking and savings account information, tax returns, and other financial documents online – a feature that sets Rocket Mortgage apart from online competitors.
  • RateShield lets you lock in your Rocket Mortgage approved rate for up to 90 days
  • The home loan application process can be completed in minutes, letting you know immediately if you qualify for a mortgage.
  • The online software allows you to navigate through the home buying process, from approval to closing the home. Once you’re approved and make an offer on your home, Rocket Mortgage has online tools to help you through the rest of the closing process.
The inconvenients
  • Although Rocket Mortgage has customer service specialists ready to answer your questions and advise you, if you prefer to sit face-to-face when filling out financial forms, this lender might not be right for you.
  • You can’t easily see all of Rocket Mortgage’s home loan options before you apply. It offers conventional, FHA, USDA, and VA loans, but you’ll need to apply to learn more about the types of mortgages within those offerings and which ones you’re eligible for.

New US funding

To start

securely through the New American Funding website

Luxury mortgage

Avg. Days before loan closing

30 – 40

Exam in 1 minute

Luxury Mortgage offers standard products such as Conventional Loans, VA Loans, Jumbo Loans, and FHA Loans. It also offers more specialized products such as bank statement loans, asset-qualifying mortgages, and no-doc home loans. If you’ve had trouble finding a mortgage due to irregular income, being retired, or buying an investment property, Luxury Mortgage is worth a look.

Best for

  • Independent professionals
  • Retired
  • Investors
  • Condominium buyers
Benefits
  • Wide variety of mortgage products
  • Niche products like bank statement loans
  • Works with many state homebuyer assistance programs
The inconvenients
  • Only available in 29 states

United Veterans Mortgage

To start

securely through the Veterans United Mortgage website

Avg. Days before loan closing

30

Exam in 1 minute

Veterans United is dedicated to helping veterans and current military personnel find the right mortgage for their needs. It is licensed in all 50 states and the District of Columbia and is the nation’s leading VA lender. If you are currently serving or are a veteran, Veterans United is worth considering due to its outstanding customer service and range of mortgage options.

Best for

  • Current service members
  • Veterans
  • First time home buyers
Benefits
  • 24/7 customer service
  • Offers VA purchase and refinance loans
  • Offers credit counseling through its Lighthouse program
The inconvenients
  • Branches in only 18 states

Bank of America Mortgage

Wells Fargo – Mortgage

Avg. Days before loan closing

90

Exam in 1 minute

Wells Fargo is one of the nation’s leading mortgage lenders. It offers a wide selection of conventional purchase, refinance, jumbo, FHA, USDA, and VA loans and also offers low down payment options for low-income buyers.

You can apply for a Wells Fargo mortgage completely online, in person at a Wells Fargo branch, or over the phone. Wells Fargo offers an electronic income verification process and additional documents and fully online loan tracking to keep you up to date on your progress every step of the way.

Here’s what you need to know about Wells Fargo at a glance.

Best for

  • Those looking for a traditional lender with convenient locations
  • Homebuyers who need additional guidance during the mortgage application process
  • Buyers without a big down payment
  • Those looking for the right mortgage product
Benefits
  • Can apply at your convenience (online or in person)
  • Wells Fargo mortgage rates are published online
  • You can submit all your loan documents completely online
  • Wells Fargo’s Loan Tracker gives you access to your account at any time
  • Many loan education resources and programs are available on the Wells Fargo website.
The inconvenients
  • Doesn’t have the best customer service rating
  • The closing process takes longer than most other lenders
  • Loan options are not immediately available without going through the application process

See also: Best mortgage lenders in Florida

Located on Florida’s Gulf Coast, Tampa is Florida’s 3rd most populous city with 384,959 residents. It is also part of the Tampa-St. Petersburg-Clearwater Metropolitan Statistical Area in Florida.

This metropolitan area is the 2nd largest in the state and the 4th largest in the southeastern United States. Tampa is known for its cigar industry and Ybor City neighborhood, as well as tourist attractions like Busch Gardens and beautiful beaches. Some of the biggest employers here include Baycare Health System, Publix Super Markets Inc., and the University of South Florida.

Tampa, Florida real estate market

The median home value in Tampa is $311,075. There has been an increase in the average annual rate of appreciation over the past 10 years of 9.54%. Renters and owners make up the real estate market here. The average rental rate is $1,804 per month.

The homes you will find in Tampa are generally single-family homes, as well as many apartment complexes. Residences are primarily 2-3 bedrooms built between 1970 and 1999, with many newer buildings in the 2000s to keep up with population growth. Tampa is home to many young professionals working in healthcare, science, and technical jobs. Retail and hospitality are also popular jobs in this field.

Palma Ceia
Carrollwood
cosme
pebble stream
Village of Carrollwood
hunting west
Port Tampa
Branchton
Citrus Park
Northdale

Nearby communities

Brandon
Lutz
Odessa
View of the river
Seffner
temple terrace
Thonotosassa

Current Florida Mortgage Rates

Mortgage rates fluctuate, as do stocks. Mortgage-backed securities trade like stocks. The current state of the economy is driving the housing market.

You may want to monitor mortgage rates to know when to commit to a mortgage rate. Benzinga monitors mortgage rate fluctuations and updates current mortgage rate charts.

Rates based on an average home price of $245,169 and a 20% down payment.

Rocket Mortgage® is an online mortgage experience developed by Quicken Loans®, America’s largest mortgage lender. Rocket Mortgage® makes getting a mortgage easy – just tell the business about yourself, your home, your finances and Rocket Mortgage® gives you real interest rates and numbers. You can use Rocket Mortgage® to get approved, ask questions about your mortgage, manage your payments and more.

You can work at your own pace and someone is always there to answer your questions, 24 hours a day, 7 days a week. Looking for a quick and convenient way to get a mortgage? Try Rocket Mortgage®.