Florida Mortgage Rates

Rates last updated: March 10, 2026
Rates published by Alpine Mortgage Services (NMLS 56905). Mortgage rates in Florida vary based on loan type, credit score and down payment. The rates shown above are available to qualified borrowers in Florida for conventional, FHA and VA loan programs. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.

The conventional rates shown are based on a loan amount of $525,000 and a down payment of at least 25%. The FHA rates shown are based on a loan amount of $675,500 and a down payment of at least 3.5%. The VA rates shown are based on a loan amount of $700,000 and no down payment. FL Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or rate and term refinance of a single family primary residence with a 740 or higher FICO score.

Florida Best Rate Guarantee

Do you want the best deal on your mortgage but are tired of trying to compare the fine print to determine the difference between the quotes prepared by various lenders? At Alpine Mortgage we are committed to helping you secure the best mortgage rate for your home financing needs which is why we offer our Best Rate Guarantee. We search out the best rate and fees based on your goals and find the best pricing available through our large variety of loan programs.

You are welcome to shop other local lenders for a better deal. If you can find one, provide us with that lender's signed and dated lock in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our priority. With our Best Rate Guarantee, you can shop for your mortgage with confidence knowing that you are getting the best possible interest rate for your mortgage.

Terms and conditions: Our Best Rate Guarantee applies to our fixed rate conventional, FHA and VA loan programs only and does not apply to any other loan programs. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.

What Our Clients Say

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"Buying our vacation home in Tampa was stress free thanks to Alpine. The team was responsive, friendly and got us an amazing rate."
– David L, Tampa, FL

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"I was looking to refinance my home in Fort Lauderdale and Alpine beat out three other quotes I received. Fast, easy, and no surprises."
– Nicole A, Fort Lauderdale, FL

Why Choose Alpine Mortgage?

• ✅ Best Rate Guarantee – We Beat Competitor Rates
• ✅ Fast, Simple Pre-Approval Process
• ✅ Licensed Florida Mortgage Specialists
• ✅ $995 Flat Lender Fee – No Hidden Costs
• ✅ Conventional, FHA, VA and DSCR Loans Available

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Mortgage Programs in Florida

Florida Conventional Loans. As the most popular loan program, conventional loans require a minimum credit score of 620 and a minimum 3% down payment. The interest rate you qualify for will vary greatly depending on your credit score and down payment. Borrowers who make a down payment of less than 20% will also have to pay private mortgage insurance (PMI). You can use a conventional loan for a primary residence, vacation home or investment property and the maximum loan amounts vary by county. You can view the current Florida Conventional Loan Limits for all counties in Florida.

Florida FHA Loans. For borrowers that can't qualify for a conventional loan because of their credit history, a FHA loan is a good option . A FHA loan is insured Federal Housing Administration (FHA) and allows borrowers with a minimum credit score of 580 to purchase a home with a down payment of 3.5%. These loans also allow credit scores down to 500 with a larger down payment of at least 10%. FHA loans require mortgage insurance premiums (MIP) to be paid regardless of the amount of the borrower's down payment and these loans are available only on a primary residence and the maximum loan amount varies by county. You can view the current FL FHA Loan Limits for all counties in Florida.

Florida VA Loans.VA loans provide veterans the opportunity to obtain home loans with no required down payment. These loans are guaranteed by the Department of Veteran Affairs and do not have any mortgage insurance but may have a funding fee that is collected at closing. VA loans are available only on a primary residence.

Florida Non QM Loans. For those who can't qualify for conventional, FHA, or VA loans due to credit issues or difficulties in verifying income, we offer several Non QM loan options. For investment properties, we offer our DSCR loan program where qualification is based on the cash flow of the investment property. These loans are designed with more flexible lending standards to help individuals with unique financial circumstances or credit challenges including recent bankruptcies or foreclosures. Our Non QM loans can be used to finance a primary residence, vacation property or an investment property. 

Florida Reverse Mortgage Loans. A reverse mortgage is available for homeowners who are 62 years or older. It enables you to access the equity in your home by either receiving a lump sum, fixed monthly payments or a line of credit. Reverse mortgages are only available on a primary residence.

Loan Type	Min. Credit Score	Min. Down Payment
Conventional	620	3.0%
FHA	580	3.5%
FHA Low Score	500	10%
VA	620	None
Non-QM	500	20%

How to Get the Best Florida Mortgage Rates

When it comes to buying a home in Florida or refinancing your existing home, getting the best mortgage rate is important. A lower mortgage rate can save you thousands of dollars over the life of your loan making your dream home more affordable. Here are some of the best ways to ensure you receive the lowest possible mortgage rate for your next Florida home loan.

Improve Your Credit Score. Your credit score is one of the most important factors that determines the mortgage rate you qualify for when purchasing or refinancing a home. Mortgage lenders offer their best rates for borrowers with excellent credit which most lenders define as a FICO credit score of 740 or higher. Check your credit report and your credit score before applying for a mortgage in Florida and if your credit score could use some improvement, work on establishing a history of on time payments, keeping your credit card balances low and avoid applying for any new credit until your mortgage has closed.

Save Up a Larger Down Payment. The larger your down payment, the more likely you are to qualify for the lowest possible interest rate on your mortgage. Why? Because lenders view homebuyers who are able to put a large percentage down on their homes as less risky and since they have more “skin in the game,”, they are more likely to offer them better rates. Try to save at least a 20% down payment if possible. A larger down payment can help you secure a better rate on your mortgage and it will also help you avoid the need to pay private mortgage insurance (PMI).

Consider Different Loan Types The type of mortgage you choose to get can also impact your mortgage rate. Adjustable rate mortgages (ARMs) often start with a lower rate than fixed rate mortgages though the rate on an ARM may go up or down over the course of the loan. Government-backed loans such as FHA, VA, and USDA mortgages may sometimes offer lower rates than conventional loans. Be sure to discuss the pros and cons of different mortgage types with your lender or a trusted financial advisor to determine which loan type will work best for your unique situation.

Shop Around and Compare Rates Mortgage rates and fees can vary widely from one lender to the next. It’s important to get quotes from several different lenders and compare them before making a final decision on which lender to use for your Florida home loan. When comparing mortgage offers from different lenders, be sure to consider not only the interest rate but all associated fees and closing costs as well.

Consider Discount Points Discount points are an optional upfront fee paid to lower your ongoing interest rate. One point typically equals 1% of the loan amount. Paying points can make sense if you plan to stay in the home a long time and can afford the added upfront cost. However, if you expect to move or refinance within a few years, the savings from a lower rate likely won't offset the cost of the points. Ask your lender to provide a break even calculation to help you decide if buying points is worthwhile.

Following the tips listed above should help you to position yourself to receive the lowest possible mortgage rate when purchasing or refinancing your next home in Florida. While it’s great to strive to receive the lowest possible mortgage rate, it’s also important to consider the overall cost, terms and service when choosing a mortgage lender to ensure you get not only the best deal, but the best overall experience as well. For more personalized advice contact one of our mortgage specialists today.

Florida Housing Market Snapshot

Florida's housing market is transitioning toward more balanced conditions after years of intense price growth. Here's what buyers and sellers should know in early 2026:

Metric	Statewide	South Florida	Tampa Bay	Orlando
Median Home Price	$412,000	$578,000	$400,000	$390,000
Year-over-Year Change	Flat to -2%	-2.4%	Flat	-1%
Days on Market	80-82 days	70-90 days	70-80 days	65-75 days
Inventory	4.5-5 months	6+ months	4.3 months	4.5 months

Source: Florida Realtors, Redfin, Zillow. Data as of January 2026. Markets vary by neighborhood.

Key Market Trends

• Market rebalancing: Shifting from strong seller's market toward equilibrium
• Buyer leverage increasing: More room for negotiation, seller concessions more common
• Price cuts rising: About 30% of listings have had price reductions
• Inventory improving: More homes available, though still below historical norms
• Mortgage rates stabilizing: Averaging around 6.0-6.2%, expected to remain in this range
• First-time buyers challenged: Only 21% of purchases nationally, below 40% historical norm
• Cash buyers active: Particularly in luxury and investment segments

Florida Real Estate & Mortgage Update - Q1 2026

Population Growth. Florida is still one of the fastest growing states in the nation. As new people move into the state markets like South Florida, Tampa Bay, Orlando and Jacksonville are seeing population growth continue to drive housing demand despite higher mortgage rates squeezing affordability in some cases. In many places, demand is the strongest for primary homes and long term rentals while there has been some cooling in speculative activity.

Increasing Inventory.  Inventory levels have also been increasing which is helping to slow price growth and bring the market closer to one that is balanced between buyers and sellers. For example, the Sarasota County real estate market has been able to maintain a healthy level of demand despite the area’s high interest rates and strong competition which has kept median sales prices hovering around all time highs. However, as in many markets across the state, there has been a shift to a more selective buyer pool and more realistically priced listings.

Market Outlook. The market is expected to experience a modest cooling from its recent high growth phase yet it remains a strong for residential and investment real estate. This resilience is largely fueled by steady population growth and the continuous influx of new residents to the state reinforcing Florida's position as a desirable location for real estate investment. Florida Realtors chief economist Dr. Brad O'Connor sees the market stabilizing: "We don't see any reason to be pessimistic about the housing market's performance in 2026. Our baseline view is that we'll continue to see improvement in sales numbers into the spring buying season."

For more insights on where rates are headed, see our Mortgage Rate Forecast.

Florida Regional Mortgage Markets

Florida's diverse regions have specific characteristics that affect your mortgage options and strategy.

South Florida (Miami-Dade, Broward, Palm Beach)

• Market profile: Highest prices in state, strong international demand, luxury segment active
• Median prices: $500,000-$650,000+ depending on area
• FHA limits: $667,000 (higher than baseline)
• Considerations: Condo financing challenges most acute here; insurance costs highest; jumbo loans common
• Opportunity: Condo prices softening, creating buying opportunities for those who can navigate financing

Tampa Bay Area (Hillsborough, Pinellas, Pasco)

• Market profile: Strong job growth, more affordable than South Florida, balanced market
• Median prices: $380,000-$420,000
• Considerations: Waterfront properties require flood insurance; good rental market for investors
• Opportunity: Better value compared to coastal metros, first-time buyer programs go further here

Orlando / Central Florida (Orange, Seminole, Osceola)

• Market profile: Tourism driven economy, strong rental demand, diverse housing stock
• Median prices: $370,000-$400,000
• Considerations: Vacation rental regulations vary by municipality; HOA restrictions on rentals
• Opportunity: Investment properties with short term rental potential; relatively affordable entry

Jacksonville / Northeast Florida (Duval, St. Johns, Clay)

• Market profile: Most affordable major metro, strong job growth, less insurance pressure
• Median prices: $320,000-$380,000
• Considerations: Further from hurricane prone coast means lower insurance; growing corporate relocations
• Opportunity: Best affordability among major Florida markets; first-time buyer friendly

Southwest Florida (Lee, Collier, Sarasota)

• Market profile: Retiree-heavy, premium pricing in Naples, hurricane recovery ongoing in some areas
• Median prices: $400,000-$700,000+ (Naples premium)
• Considerations: High insurance costs; older condo inventory facing Surfside related requirements
• Opportunity: Motivated sellers in areas still recovering; value in newer construction with modern wind mitigation

Florida Vacation & Investment Property Financing

Florida's appeal as a vacation destination creates strong demand for second homes and investment properties. Here's what to know about financing these purchases.

Feature	Second Home	Investment Property
Minimum Down Payment	10%	20-25%
Interest Rates	Slightly higher than primary	0.5-0.75% higher than primary
Rental Use	Limited (personal use required)	Full time rental allowed
Location Requirement	Must be reasonable distance from primary	No restriction

DSCR Loans for Florida Investment Properties

Our DSCR (Debt Service Coverage Ratio) loan program is ideal for Florida investors:

• Qualification based on property cash flow not your personal income
• No tax returns or pay stubs required
• Close in LLC or business entity
• Short term and long term rentals allowed
• Credit scores from 620

Florida Jumbo Loan Rates

With median home prices exceeding $500,000 in South Florida and many desirable neighborhoods, jumbo loans are common in the Florida market. A jumbo loan is required when your loan amount exceeds the conforming limit for the county.

When You Need a Jumbo Loan in Florida

Location	Jumbo Threshold (1 Unit)
Most Florida Counties	Above $832,750
Monroe County (Keys)	Above $990,150

Florida Jumbo Loan Requirements

Jumbo loans have stricter qualification requirements than conforming loans:

Requirement	Typical Jumbo	Conforming Comparison
Credit Score	680+	620 minimum
Down Payment	20%+	3-5%
Debt-to-Income	43% or lower	Up to 50%
Cash Reserves	6-12 months	0-2 months

Why Choose Alpine for Florida Jumbo Loans

• Multiple jumbo lenders: As a broker, we shop your loan across numerous wholesale lenders to find the best rate
• Competitive rates: Often matching conforming rates for well qualified borrowers
• Portfolio options: Access to lenders with flexible guidelines for unique situations
• Complex income: Experience with bonus income, RSUs, K-1s and self-employment
• Second home expertise: Jumbo financing for Florida vacation properties

Contact us for a custom jumbo loan quote for your Florida purchase.

What Makes Florida Real Estate Unique

• Property Insurance: Homeowners and flood insurance significantly affect affordability.
• Second Homes: Florida has higher demand for vacation and seasonal properties.
• Condominiums: Condo eligibility and insurance requirements can impact loan approval.
• Tax Structure: No state income tax but property taxes vary by county.

How Florida Mortgage Rates Affect Homebuyers

Florida mortgage rates influence affordability differently than in many other states due to property insurance costs, flood zone considerations, and a high volume of second home and retirement buyers.

• Monthly Payment Impact: Rates affect affordability along with taxes and insurance.
• Buyer Behavior: Buyers should focus on loan structure rather than waiting for rates to drop.
• Inventory: Coastal and high demand areas can remain competitive even in higher rate environments.

Working with a mortgage broker allows Florida borrowers to compare lenders, programs and rate options to reduce overall borrowing costs.

Florida Refinance Rates

As Florida refinance rates rise homeowners are reevaluating their financial strategy. Refinance interest rates are up so refinancing is less appealing to some. But if you have a lot of equity in your home you may still want to refinance despite high mortgage rates Florida is seeing. Homeowners need to evaluate if using their equity is a smart move in this environment.

Strategies for FL Homeowners Considering Refinancing

Choosing to refinance should match your financial goals. Here are tips for FL homeowners looking to refinance:

• Analyze your current financial situation to ensure refinancing makes sense.
• Look beyond the interest rates and investigate all associated fees.
• Consider how long you plan to remain in your home.
• Watch for economic indicators that suggest rate movements.
• Lock in rates at strategic times to capitalize on potentially lower payments.

Refinancing offers several benefits, such as reducing monthly payments, adjusting loan terms or accessing home equity. However, rising refinance and mortgage interest rates in Florida suggest a changing landscape for homeowners. If you are contemplating refinancing it's important to weigh the increased costs against the potential benefits derived from your home's equity. Careful consideration and precise calculations are important to determine the current value of refinancing in this new financial climate.

Cash Out Refinance in Florida

Florida's unique housing market and demographics make a cash out refinance an appealing option for many homeowners providing several benefits including:

• High Home Equity: Many Florida homeowners, particularly those who purchased their homes before the housing market crash of 2008, have accumulated significant equity in their properties. This equity can be accessed through a cash out refinance to fund various financial goals.
• Retirement Planning: Florida is a popular destination for retirees, and many homeowners use cash out refinances to supplement their retirement income or fund home improvements to age in place.
• Investment Opportunities: Florida's strong tourism industry and growing population can provide attractive investment opportunities, such as vacation rentals or rental properties. A cash out refinance can provide the necessary funds to pursue these investments.
• Hurricane Preparedness: Florida is prone to hurricanes, and many homeowners use cash out refinances to fund home improvements that can mitigate potential damage, such as impact-resistant windows or reinforced roofing.

When considering a cash out refinance in Florida, it's important to work with a cash out refinance lender that can help guide you through the process and ensure that you're making the best decision for your financial future.

30 Year Fixed and 15 Year Fixed Rates in FL

30 year fixed and 15 year fixed mortgages in FL are popular choices. A 30 year fixed mortgage is the most popular home loan. The biggest advantage of a 30 year term is lower monthly payments compared to shorter term loans which can make homeownership more accessible especially for first time buyers or those with other large expenses. Understanding the estimated monthly payment for a 30 year fixed mortgage can help homeowners manage their cash flow more effectively, providing a clearer picture of their financial obligations. This is beneficial for budgeting and long term financial planning as it allows for a more predictable expense over the duration of the loan. 15 year fixed loans offer lower interest rates for borrowers that can afford the higher mortgage payment due to the shorter amortization period. We offer 30 year fixed and 15 year fixed loan options on our conventional, FHA, VA and Non QM loan programs.

Choosing between a 30 Year Fixed and a 15 Year Fixed

• Financial Stability and Cash Flow. If you prefer lower monthly payments for better cash flow management, a 30 year mortgage might be the better choice. It allows more flexibility in budgeting and provides the opportunity to invest surplus funds in other ventures that may offer higher returns.
• Total Cost and Interest. If you can afford higher monthly payments without financial strain, a 15 year mortgage will save you money in the long run due to lower interest rates and less total interest paid.
• Equity Building. A 15 year mortgage helps build equity faster which is beneficial if you plan to sell the home after a few years or leverage the equity for other financial needs.

FL Mortgage Rates FAQs

FL Mortgage Rates Resources

• Mortgage Rate Forecast
• Top Reasons to Refinance in Today's Market
• Fixed Vs. Adjustable Mortgage Rates
• Florida Homeowners Insurance & Your Mortgage
• Florida Condo Mortgages