How does Tampa compare with Florida?
The city's median is above the statewide median by $50,300. The higher price-to-income ratio makes the down payment and monthly debt budget particularly important. The median is 45.1% of the conforming limit. A median-valued purchase fits the FHA base-loan limit at 3.5% down.
How much down payment and PMI would a typical Tampa home need?
| Down payment | Cash down | Estimated PMI / month | Estimated PITI + PMI | Income at 28% / 36% |
|---|---|---|---|---|
| 3% | $11,259 | $152 | $3,095 | $133,000 / $104,000 |
| 5% | $18,765 | $149 | $3,041 | $131,000 / $102,000 |
| 10% | $37,530 | $141 | $2,906 | $125,000 / $97,000 |
| 20% | $75,060 | $0 | $2,511 | $108,000 / $84,000 |
3%-down conventional products have borrower/program restrictions. PMI uses a fixed 0.5% annual loan-balance estimate at less than 20% down; it is not a credit-specific quote or an assumed discount by down payment. Payments include state-average tax and insurance and assume zero other debts.
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Is there down payment assistance in Tampa?
- Dare to Own the Dream (DARE) — Up to $50,000 (50.01-80% AMI $50,000; 80.01-120% AMI $40,000; 120.01-140% AMI $30,000); forgivable loan; city-level. City of Tampa Housing and Community Development · Verified October 25, 2026
- CRA Down Payment Assistance Program — Up to $50,000 (tiered by AMI: $50,000 / $40,000 / $30,000); forgivable loan; city-level. City of Tampa Community Redevelopment Agency · Verified October 25, 2026
- Home Sweet Home Hillsborough Down Payment Assistance — $15,000 (outside City of Tampa); $5,000 (inside City of Tampa); deferred loan; county-level. Housing Finance Authority of Hillsborough County (compliance by eHousingPlus) · Verified October 25, 2026
- Florida Assist — Up to $10,000 on FHA, VA, USDA and Conventional loans; deferred; state-level. Florida Housing Finance Corporation · Verified October 23, 2026
Down payment assistance in the nearest eligible cities
Home loan options in Tampa
Frequently asked questions
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- FHFA — 2026 Conforming Loan Limit Values
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- Fannie Mae Selling Guide
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac PMMS
- Dare to Own the Dream (DARE)
- CRA Down Payment Assistance Program
- Home Sweet Home Hillsborough Down Payment Assistance
- Florida Assist
Data last updated November 5, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.