Best of

Best Tampa Mortgage Lenders of 2019

NerdWalletJuly 2, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

If you’re looking for a Tampa mortgage lender, we’ve done the legwork. Here are well-regarded lenders for several types of borrowers.

Rocket Mortgage

at Rocket Mortgage

at Rocket Mortgage

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • The site caters to self-service users who want to apply for a home loan without talking to a human unless it’s absolutely necessary.
  • With your authorization, accesses asset statements from 98% of U.S. financial institutions.
  • Tells you the loan amount you’ll qualify for within minutes.
  • Rocket Mortgage’s document and asset retrieval capabilities can save you a bunch of time and hassle.

Cons

  • Doesn't offer home equity loans or HELOCs.
  • If you’re a “look me in the eye” type of customer, you’re out of luck.
  • Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Participates in some down payment assistance programs.
  • Offers educational resources for military borrowers.
  • Provides digital tools for a streamlined application process.

Cons

  • No mortgage rates displayed online.
  • Must work with a loan officer for pre-qualification and preapproval.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Offers a complete online suite of mortgage application tools and loan tracking.
  • Has plenty of loan options to choose from and competitive interest rates.
  • Provides customer service in its physical locations, online, via chat and by phone.
  • Has a Doctor Loan Program for medical professionals who have high earning potential but little cash for down payments.

Cons

  • Has a limited number of physical branch locations in 11 states and Washington, D.C.
  • Does not consider alternative scoring data, such as rent or utility payments, in standard underwriting.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Allows borrowers to apply entirely online.
  • Offers down payment and closing cost assistance programs.
  • Accepts alternative credit data for some loan types.
  • May give existing customers a discount on mortgage lender origination fees.

Cons

  • Charges an application fee of $1,170, on average.
  • Has a high volume of consumer complaints, even for a big national bank.
Read full review
loanDepot

at loanDepot

at loanDepot

Min. Credit Score

620

Min. Down Payment

3.5%

Pros

  • Offers digital income, asset and employment verification.
  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.
  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.
  • Does not offer home equity loans or lines of credit.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Embraces FHA-backed home loans.
  • Offers three construction loan offerings.
  • A professional loan package is tailored for the needs of doctors, lawyers, architects and certified public accountants.
  • Flagstar reps are familiar with low-down-payment state bond programs for first-time home buyers and income-limited households, as well as the areas that qualify for USDA loans.
  • Offers home equity loans and home equity lines of credit.

Cons

  • Charges an average $1,000 origination fee.
Read full review
Min. Credit Score

550

Min. Down Payment

3%

Pros

  • A wide variety of loan types.
  • Low credit score requirements for government-backed loans.
  • A wealth of educational material on its website.
  • Licensed in all 50 states.

Cons

  • Mortgage application can't be tracked online.
  • Charges origination fees on some loans.
  • Limited branch locations.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Considers alternative credit history on certain loans.
  • Offers construction loans to build a home or make significant renovations to an existing home.
  • Flexible borrowing and payment options for home equity loans and lines of credit.
  • Full suite of online capabilities.

Cons

  • Available mostly in the Southeast; not available nationwide.
  • Creating an account is mandatory if you want to apply online.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Works with most borrowers as long as they have good credit scores and incomes.
  • Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.
  • Has a 95% customer satisfaction rate, according to company data.

Cons

  • Charges some fees, such as a $1,290 lender fee which includes a $150 application fee.
  • Offers many products, which might confuse or overwhelm borrowers.
  • Several click-throughs required for personalized rates.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.
  • Lots of experience assisting first-time home buyers.
  • Offers online pre-qualification.

Cons

  • Doesn’t offer FHA or USDA loans.
  • Alternative credit is not considered.
Read full review
National / Regional

National

Min. Down Payment

0%

Pros

  • Wide range of affordable mortgage products designed for military members.
  • Willing to look at nontraditional credit data, such as rent payments, as part of its credit evaluation for certain products.
  • Lower minimum loan amounts than many other lenders.
  • Online application for preapproval with quick decision.
  • $1,000 mortgage rate match program.
  • Operates nationwide.

Cons

  • Charges application and underwriting fees.
  • Origination charge on a typical conventional loan is 1% of the loan amount.
Read full review

Summary of Best Tampa Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Rocket Mortgage

Rocket Mortgage

at Rocket Mortgage

refinancing

620

3%

at Rocket Mortgage

Caliber

Caliber

online experience

620

3%

Read review
SunTrust

SunTrust

jumbo loans

620

3%

Read review
Bank of America

Bank of America

low down payments

620

3%

Read review
loanDepot

loanDepot

at loanDepot

FHA loans

620

3.5%

at loanDepot

Flagstar

Flagstar

FHA loans

620

3%

Read review
HomeBridge

HomeBridge

home renovation loans

550

3%

Read review
BB&T

BB&T

jumbo loans

620

3%

Read review
Guaranteed Rate

Guaranteed Rate

online experience

620

3%

Read review
USAA

USAA

VA loans

620

3%

Read review
Navy Federal

Navy Federal

VA loans

N/A

0%

Read review
LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Rocket Mortgage

Rocket Mortgage

at Rocket Mortgage

refinancing

620

3%

at Rocket Mortgage

Caliber

Caliber

online experience

620

3%

Read review
SunTrust

SunTrust

jumbo loans

620

3%

Read review
Bank of America

Bank of America

low down payments

620

3%

Read review
loanDepot

loanDepot

at loanDepot

FHA loans

620

3.5%

at loanDepot

Flagstar

Flagstar

FHA loans

620

3%

Read review
HomeBridge

HomeBridge

home renovation loans

550

3%

Read review
BB&T

BB&T

jumbo loans

620

3%

Read review
Guaranteed Rate

Guaranteed Rate

online experience

620

3%

Read review
USAA

USAA

VA loans

620

3%

Read review
Navy Federal

Navy Federal

VA loans

N/A

0%

Read review

Local mortgage lenders in Tampa

These companies are among the highest-volume lenders in the Tampa Bay area. While they haven't been reviewed by NerdWallet, give them a look if you prefer doing business with a local institution.

Suncoast Credit Union

  • Offers a first-time home buyer 10/1 ARM with a 3% down payment and no private mortgage insurance requirement.
  • Has a “Community Heroes” loan program for teachers, nurses, law enforcement and other eligible professions that features 100% financing.
  • Posts its mortgage interest rates online.
  • Allows you to start a mortgage application online.

GTE Financial

  • Credit union that posts and updates interest rates daily.
  • Has a low down-payment loan for first-time home buyers, plus FHA, VA and home equity loans.
  • Offers English and Spanish-language online mortgage applications.

Movement Mortgage

  • Has multiple locations in the Tampa Bay area.
  • Offers conventional mortgages with as little as 3% for a down payment, as well as FHA, VA and USDA loans.
  • Provides cash-out refinances and the streamlined refinancing of VA and FHA mortgages.

Third Federal Savings & Loan

  • Has five Tampa Bay branches.
  • Offers purchase, refinance and home equity loans and lines of credit.
  • Posts its mortgage interest rates online.
  • Has a preapproval program that gives a loan commitment for up to six months, even before finding a home.
  • Lets you "float down" a locked interest rate in the event that rates drop.

More from NerdWallet

Last updated on July 2, 2019

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Tampa Mortgage Lenders of 2019