Best Mortgage Lenders in Tampa Florida for 2022 • Benzinga

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

Best Mortgage Lenders in Tampa Florida

Get started

securely through Rocket Mortgage’s
website

Avg. Days to Close Loan

30

1 Minute Review

Rocket Mortgage is one of the best mortgage lenders on the market, making it easy to apply for a home loan entirely online. Its streamlined preapproval process and quick access to customer service set it apart from other online lenders. Rocket Mortgage offers a large 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 matches you with the right mortgage type and helps you quickly complete your online application.

Best For

  • Homebuyers who are looking to complete the mortgage application process on their own
  • Homebuyers who have found their dream home and are looking to move through the approval process quickly
  • Homebuyers with good credit scores looking to review their mortgage options
  • Current homeowners looking to refinance within the next few months
Pros

  • Rocket Mortgage allows you to move at your own pace, guiding you through each step of the process. After you answer all the application questions, Rocket Mortgage lets you know if you’re approved and show 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 allows you to lock in your Rocket Mortgage approved rate for up to 90 days
  • The home loan application process can be completed in minutes, allowing you to find out if you qualify for a mortgage right away
  • The online software allows you to navigate through the entire home buying process, from approval to home closing. Once you’re approved and you make an offer on your home, Rocket Mortgage offers online tools that will help you move through the rest of the closing process
Cons

  • While Rocket Mortgage has customer specialists ready to answer your questions and provide guidance, if you prefer sitting across from a person when filling out financial forms, this lender might not be right for you
  • You can’t easily view all of Rocket Mortgage’s home loan options prior to applying. It offers conventional, FHA, USDA and VA loans, but you’ll need to apply to find out more about the mortgage types within these offerings and which ones you’re eligible for

New American Funding

get started

securely through New American Funding’s
website

Luxury Mortgage

Avg. Days to Close Loan

30 – 40

1 Minute Review

Luxury Mortgage offers standard products like conventional loans, VA loans, Jumbo loans and FHA loans. It also has more specialized products like bank statement loans, asset qualifier mortgages and no doc investment property loans. If you’ve had a hard time finding a mortgage due to erratic income, being retired or buying an investment property, Luxury Mortgage is worth a look.

Best For

  • Self-employed professionals
  • Retirees
  • Investors
  • Condo buyers
Pros

  • Wide variety of mortgage products
  • Niche products like bank statement loans
  • Works with many state home buyer assistance programs
Cons

  • Only available in 29 states

Veterans United Mortgage

Get started

securely through Veterans United Mortgage’s
website

Avg. Days to Close Loan

30

1 Minute Review

Veterans United focuses on helping veterans and current service members find the right mortgage for their needs. It’s licensed in all 50 states and the District of Columbia and is the top VA lender in the country. If you’re currently serving or if you’re 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
Pros

  • 24/7 customer service
  • Offers VA purchase and refinance loans
  • Offers credit consulting through its Lighthouse Program
Cons

  • Branches in only 18 states

Bank of America Mortgage

Wells Fargo – Mortgage

Avg. Days to Close Loan

90

1 Minute Review

Wells Fargo is one of the top national mortgage lenders. It offers a large selection of conventional purchase, refinance, jumbo, FHA, USDA and VA loans and also provides low down payment options for low-income buyers.

You can apply for a mortgage with Wells Fargo entirely online, in person at a Wells Fargo branch or by phone. Wells Fargo offers an electronic verification process for income and supplemental documents and a fully online loan tracker to update you on your progress every step of the way.

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

Best For

  • Those seeking a traditional lender with convenient locations
  • Home buyers who need extra guidance during the mortgage application process
  • Buyers without a large down payment
  • Those on the hunt for the right mortgage product
Pros

  • Can apply at your convenience (online or in person)
  • Wells Fargo’s mortgage rates are published online
  • You can submit all of your loan documents entirely online
  • Wells Fargo’s Loan Tracker allows you to access your account at any time
  • Many loan education resources and programs are available on the Wells Fargo website
Cons

  • Doesn’t have the highest customer service rating
  • Closing process runs longer than most other lenders
  • Loan options aren’t immediately available without going through the application process

See also: Best Mortgage Lenders in Florida

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

This metropolitan area is the 2nd largest in the state and 4th largest in the Southeastern United States. Tampa is known for its cigar industry and its Ybor City neighborhood, as well as its tourist attractions like Busch Gardens and its beautiful beaches. Some of the largest 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 appreciation rate over the last 10 years of 9.54%. Both renters and homeowners make up the real estate market here. The average rental rate is $1,804 per month. 

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

Palma Ceia
Carrollwood
Cosme
Pebble Creek
Carrollwood Village
Westchase
Port Tampa
Branchton
Citrus Park
Northdale

Nearby Communities

Brandon
Lutz
Odessa
Riverview
Seffner
Temple Terrace
Thonotosassa

Current Mortgage Rates in Florida

Mortgage rates fluctuate, much like stocks on the stock market do. Mortgage-backed securities are traded like stocks. The current state of the economy drives the housing market.

You may want to watch 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 down payment of 20%.

Rocket Mortgage® is an online mortgage experience developed by Quicken Loans®, America’s largest mortgage lender. Rocket Mortgage® makes it easy to get a mortgage — you just tell the company 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. Want a fast, convenient way to get a mortgage? Give Rocket Mortgage® a try.

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