FHA Loans in Tampa, FL

FHA loans are insured by the Federal Housing Administration, which lets lenders offer lower down payments and more flexible credit standards than conventional loans. For Tampa buyers who haven't had time to save 20% or whose credit score is still building, FHA is often the fastest path to homeownership.

The tradeoff is mortgage insurance — FHA requires both an upfront and an annual premium for the life of the loan on most programs. For buyers with strong credit who can make a 20% down payment, conventional financing may be a better fit. Nick runs both scenarios to find the lower total cost.

The 2025 FHA loan limit for a single-family home in Hillsborough County is $524,225. For a two-unit property (duplex), the limit rises to $671,200. These limits reset each year based on HUD guidelines — Nick always confirms current limits before a rate lock.