USDA Loan Guide · Tampa, Florida · ZIP 33602
USDA Rural Development Loan in 33602 (Tampa, Florida)
Requirements, limits, and how to qualify for a USDA Rural Development Loan on a home in Tampa (ZIP 33602).
USDA Rural Development Loans in Tampa
USDA loans are backed by the U.S. Department of Agriculture and require zero down payment. They're geographically restricted — the property must sit in a USDA-eligible area — and income-capped at 115% of the area median.
For a property in ZIP 33602 (Tampa, Florida), underwriting rules are the same as anywhere else in Florida — what changes is your expected payment. Florida's average effective property tax rate is 0.91%, and homeowners insurance averages around $5,500/yr. Both feed the monthly PITI your lender uses to qualify you for a USDA loan.
Is ZIP 33602 USDA-eligible?
USDA loans are property-based: the exact street address must sit inside a USDA-designated rural or suburban area. Parts of ZIP 33602 may be eligible while others are not — always check the specific address before writing an offer. Run the Scorecard and RED will check USDA eligibility for the address you're considering.
Eligibility
- 640+ FICO for streamlined underwriting
- Household income at or below 115% of area median (AMI)
- Property in a USDA-designated rural or suburban area
- Primary residence only
- U.S. citizen, permanent resident, or qualified alien
Frequently asked questions
Can I get a USDA loan in 33602 (Tampa, Florida)?
Yes — USDA Rural Development Loans are available throughout Florida, including Tampa (ZIP 33602). Qualification is based on your credit, income, and DTI, not on your ZIP code directly — but USDA also requires the property address to sit inside a USDA-designated rural or suburban area, which is checked per address.
What is the minimum credit score for a USDA loan in 33602?
640 is the standard minimum for a USDA Rural Development Loan. Some lenders will go lower with compensating factors like a larger down payment or strong reserves.
What is the minimum down payment for a USDA loan in Tampa, Florida?
USDA Rural Development Loan borrowers in Tampa need at least 0% down. Florida down payment assistance programs can cover part or all of this.
Does a USDA loan in 33602 require mortgage insurance?
USDA Rural Development Loan: annual fee of 0.35% + 1% upfront guarantee fee (much cheaper than FHA MIP).
Who is a USDA loan best for in Tampa?
USDA Rural Development Loans are best suited for buyers in USDA-eligible rural and suburban areas with moderate income.
Am I actually ready for a USDA loan in Tampa?
Take the free 60-second Scorecard — RED analyzes your credit, DTI, and reserves against USDA guidelines and tells you exactly what's blocking approval.
Start my USDA Scorecard →