Live Hillsborough County pricing · updated 11/8/2026
Tampa Mortgage Rates
Live rates for South Tampa, Hyde Park and Seminole Heights, plus VA loans near MacDill AFB, shopped across many wholesale lenders with flood and insurance costs counted from the first quote.
Today’s Tampa Mortgage Rates
$829 lender credit
$531 lender credit
$531 lender credit
$544 lender credit
$1,482 lender credit
Par rate per program for a single-family primary residence in Hillsborough County, 20% down, 780+ credit, 30-day lock, escrows included. Rates change through the day and are not a commitment to lend. Price your own Tampa scenario, no credit pull.
Tampa Mortgage Rates Today: Rates for a Fast-Growing Bay Area Market
Tampa home prices have settled in the low to mid $400,000s after the pandemic run-up, and with more homes for sale and sellers offering concessions again, buyers have more room to negotiate than they have in years. From the bungalows of Seminole Heights and Ybor City to the higher-end streets of South Tampa and Hyde Park, each neighborhood brings its own mix of price, flood risk and insurance cost.
For reference, today’s par 30-year fixed in Hillsborough County is 6.625% for a borrower with 20% down and excellent credit, and the 30-year VA is pricing at 6.099%. VA rates typically price below conventional because the government guaranty reduces the lender’s risk.
On Mortgage prices your loan across multiple lenders so you capture the best rate for your neighborhood and profile, and we bring flood and insurance quotes in early so the number holds up at closing.
VA & Military Home Loans Near MacDill AFB
MacDill Air Force Base, home to U.S. Central Command and U.S. Special Operations Command, keeps VA lending steady across South Tampa, the Interbay peninsula and Brandon. VA offers zero down for eligible borrowers, no monthly mortgage insurance and limits on the fees a veteran can be charged. Here is how it compares today with conventional and FHA for a buyer with a 740 score at the typical Tampa price:
| $440,000 purchase, 740 credit | Conventional, 5% down | FHA, 3.5% down | VA, 0% down |
|---|---|---|---|
| Down payment | $22,000 | $15,400 | $0 |
| Loan amount | $418,000 | $432,031 (includes 1.75% upfront MIP) | $449,460 (includes 2.15% funding fee) |
| Today’s rate | 6.875% | 6.250% | 6.000% |
| Principal and interest | $2,746/mo | $2,660/mo | $2,695/mo |
| Mortgage insurance | $185/mo PMI | $195/mo MIP | None |
| Total before taxes and insurance | $2,931/mo | $2,855/mo | $2,695/mo |
| Mortgage insurance ends | When you reach 20% equity (cancellable) | Usually lasts the life of the loan with under 10% down | Never charged; fee waived with a service-connected disability |
Hillsborough County owner-occupied pricing at a 740 score; mortgage insurance from current premium tables. The VA funding fee shown is the first-use rate with no down payment and is waived for veterans receiving VA disability compensation. Taxes, insurance and HOA dues are additional.
BAH and military income
Basic Allowance for Housing, flight and special pays can all count as income. We document them from your LES so the approval reflects your full pay.
PCS timing
Orders in hand can support a purchase before you report. We coordinate closings around report dates and remote signings.
Keep it as a rental
Many service members keep their Tampa home after a transfer. VA allows this once you have occupied it, and remaining entitlement may cover a second VA loan at the next duty station.
We also help active-duty families weigh VA against conventional when they plan to keep a Tampa home as a rental after transfer. VA’s funding fee is higher on subsequent use, and a home kept as a rental ties up part of your entitlement, while a conventional loan with 5% down leaves entitlement untouched for the next move. For more on eligibility, see our Tampa VA loan rates page.
Flood Zones, Insurance & How They Affect Your Tampa Payment
Much of Tampa Bay sits low and close to the water. South Tampa, Davis Islands, Bayshore and parts of the Interbay peninsula include high-risk flood zones, and Hurricanes Helene and Milton in 2024 brought surge and flooding to neighborhoods that had rarely seen it. Flood-zone status and hurricane insurance premiums can materially change your monthly payment and your debt-to-income qualifying, sometimes more than the interest rate.
A lender requires flood insurance on a home in a FEMA special flood hazard area. Under FEMA’s current rating approach, the premium depends on the individual home’s elevation, distance to water and rebuilding cost rather than just the zone, so two houses on the same street can price very differently. Ask the seller for an elevation certificate and any prior flood claims, and we will price the policy before you are under contract.
Higher ground
Seminole Heights, Tampa Heights, Carrollwood and New Tampa sit mostly outside high-risk zones, with lower flood costs.
Older homes
Bungalows and mid-century houses need roof, electrical and plumbing checks; insurers look closely at all three.
Wind mitigation
Hip roofs, roof straps and impact openings earn insurance credits. An inspection report can lower the premium.
Tampa homeowners insurance and property taxes
Hillsborough’s average homeowners premium sits a little above the Florida average but well below Pinellas across the bay and the South Florida counties, and its property tax rate is moderate for the state. Here is the escrow on a homesteaded single-family home at the typical Tampa price; flood insurance, if required, is separate.
Sources: Florida county homeowners insurance premiums (worthinsurance.com) and county total millage (movewithmomentum.com), updated October 2026. Your own premium depends on the home’s age, roof, construction and wind mitigation features, and flood coverage is a separate policy. Property tax and homeowners insurance are estimates (1.2% and 0.85% of the home’s value per year). Your actual taxes and insurance premium depend on the property, exemptions and the policy you choose, and will be confirmed on your Loan Estimate. Run your own numbers.
Tampa refinance rates today
$829 lender credit
0.250 points
$531 lender credit
$544 lender credit
0.056 points
Rate-and-term refinance quotes for a Hillsborough County single-family primary residence with 20% equity and excellent credit, VA programs listed first. Cash-out and investment refinances price differently. Price your own Tampa scenario, no credit pull.
Refinancing a Tampa home
VA borrowers have one of the simplest refinances available: the Interest Rate Reduction Refinance Loan, or IRRRL. It usually needs no appraisal and little paperwork, and you do not have to live in the home now as long as you did before, which helps service members who have since moved. Conventional and FHA owners can look at lowering the rate, dropping mortgage insurance once equity reaches 20%, or a cash-out to fund storm hardening that lowers insurance.
Check the break-even in our refinance calculator, and see the refinance guide for each program’s rules.
Neighborhoods we serve
South Tampa and Hyde Park
Historic homes, Bayshore views and higher prices close to MacDill and downtown, with jumbo loans common and flood zones in places.
Seminole Heights and Tampa Heights
1920s bungalows and newer infill north of downtown, popular with first-time buyers using FHA, VA and conventional 3% down.
Ybor City and Channel District
Lofts, condos and townhomes near downtown, where condo approval and association finances matter.
Westchase, New Tampa and Brandon
Suburban subdivisions with HOA amenities and good access to the interstates, a frequent choice for military families.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“We cannot say enough amazing things about Caroline! As a first-time homebuyer, this was such a huge and exciting milestone for us, and we’re so grateful that we had her by our side throughout the entire process. Caroline was incredibly knowledgeable, patient, responsive, and supportive from beginning to end.”
“I had an amazing experience working with Ms. Caroline Da Silva throughout my entire home-buying process. From day one, she was professional, knowledgeable, responsive, and always there whenever I had questions. She kept me updated every step of the way and made everything easy to understand.”
“Caroline was great. Always responsive and available whenever I needed assistance or had questions. 10/10 would recommend to any veteran or anyone for that matter.”
Tampa Mortgage Rates: Frequently Asked Questions
What are today's Tampa mortgage rates?
Current Tampa rates are shown live at the top of this page, with VA programs listed first, and refinance pricing further down. Your personal rate depends on loan amount, home value, credit and loan type. With inventory rising, buyers also have more room to negotiate seller credits that can lower the rate.
Can I use a VA loan near MacDill AFB?
Yes. VA loans offer zero down and no monthly mortgage insurance for eligible service members, veterans and some surviving spouses, and there is no VA loan limit for borrowers with full entitlement. We handle BAH-based qualifying and PCS timelines, and the comparison above shows how VA prices against conventional and FHA today.
How do flood zones affect my Tampa mortgage?
If the home is in a FEMA high-risk zone, your lender will require flood insurance, and that premium is included in your payment and qualifying ratios. Premiums depend on the home’s elevation and features, so we price the policy early. Even outside high-risk zones, coverage is worth considering in low-lying areas.
What neighborhoods do you lend in around Tampa?
Everywhere in the area, from the bungalows of Seminole Heights and Ybor City to higher-end South Tampa and Hyde Park, plus Westchase, New Tampa, Carrollwood and Brandon across Hillsborough County.
Is now a good time to buy in Tampa?
Prices have cooled from their peak and sellers are offering more concessions, which can favor buyers. No one can time rates perfectly, so we help you weigh the rate, the price and the insurance picture together, and plan a refinance if rates fall later.
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Buying near MacDill, in the historic neighborhoods or out in the suburbs, On Mortgage will price your Tampa loan across many lenders with flood and insurance costs included. Call or start a quote today.