Florida Mortgage Rates
Today's Florida mortgage rates in Miami, Tampa, Orlando, Jacksonville and the Florida coasts. Below you'll find current purchase and refinance rates on conventional, FHA and VA loans for Florida properties. Rates are updated daily. For rates on our other loan programs such as investment property loan rates, renovation loan rates, reverse mortgage rates, DSCR loan rates or Non QM loan rates, please contact us for a quote.
Current Mortgage and Refinance Rates in Florida
| Loan Program | Rate | APR | Fees | Action |
|---|---|---|---|---|
| 30 Year Fixed Conv | 6.125% | 6.243% | $995 | Apply Now |
| 20 Year Fixed Conv | 5.875% | 6.028% | $995 | Apply Now |
| 15 Year Fixed Conv | 5.250% | 5.441% | $995 | Apply Now |
| 30 Year Fixed FHA | 5.750% | 6.575% | $995 | Apply Now |
| 30 Year Fixed VA | 5.625% | 5.933% | $995 | Apply Now |
| 5/1 ARM Conv | 5.750% | 6.243% | $995 | Apply Now |
Rates last updated: June 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 loan-to-value of 75%. The FHA rates shown are based on a loan amount of $675,500 and a loan-to-value of 96.5%. The VA rates shown are based on a loan amount of $700,000 and a loan-to-value of 100%. 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
Tired of comparing the fine print to see what's the difference between the quotes from various lenders? At Alpine Mortgage we help you get the best deal on your mortgage which is why we offer our Best Rate Guarantee. We find the best rate and fees for you based on your goals and find the best pricing through our many loan programs.
You are welcome to shop all 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 Conforming, FHA and VA loan programs only and does not apply to any other loan programs or offers from credit unions. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.
Real Florida Borrowers. Real Results.
Two recent Florida closings where Alpine Mortgage delivered competitive rates and closed on time:
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What Our Florida Borrowers Say
"Buying our vacation home in Tampa was stress free thanks to Alpine. The team was responsive, friendly and got us an amazing rate."
"I was looking to refinance my home in Fort Lauderdale and Alpine beat out three other quotes I received. Fast, easy, and no surprises."
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
Start Your Quote Now
Florida Mortgage Programs
Florida Conventional Loans. Conventional loans baseline 2026 conforming loan limit is $832,750 for one unit properties for most Florida counties. You can view the current Florida Conventional Loan Limits for all counties in Florida. Conventional loans are available for a primary residence, vacation home or investment property. Available as a 30, 20 and 15 year fixed or as an adjustable rate.
Florida High Balance Conforming. Monroe County (the Florida Keys) is the only high cost Florida county with loan limits up to $990,150 in 2026.
Florida FHA Loans. FHA loans minimum down payment of of 3.5% with a credit score of 580 and can go down to 500 with a larger down payment of at least 10%. FHA 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 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.
Florida Hometown Heroes Program. Florida Housing's Hometown Heroes Program provides down payment and closing cost assistance for Florida frontline community workers including educators, healthcare workers, law enforcement, firefighters and active duty military.
| 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. Lenders offer their best rates for borrowers with FICO scores of 740 or higher. Establish a history of on time payments, keep credit card balances low and avoid applying for new credit before closing.
Save for a Larger Down Payment
A larger down payment reduces lender risk and can help you qualify for better rates. Putting down 20% or more avoids private mortgage insurance (PMI). Florida first time buyers may qualify for down payment assistance programs.
Shop Around and Compare Rates
Mortgage rates and fees can vary widely from lender to lender. Get quotes from several lenders and compare not just interest rates but all associated fees and closing costs. With Alpine's Best Rate Guarantee we'll beat any competing locked rate.
Consider Different Loan Types
While 30 year fixed rate mortgages are most common, adjustable rate mortgages (ARMs) and shorter term loans like 15 year mortgages may offer lower rates. Compare conventional, FHA, VA and Non-QM programs to find the best fit.
Lock In Your Rate
Once you find a competitive rate, lock it in with your lender. A rate lock guarantees your interest rate for a set period (usually 30–60 days), protecting you from market fluctuations during processing.
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 makes sense if you plan to stay in the home long enough to recoup the upfront cost through monthly savings.
Account for Insurance & Property Taxes
Florida home insurance premiums have risen sharply in recent years and affect your monthly payment and DTI qualification. Get insurance quotes early in the process and ensure the property has a current 4 point inspection and wind mitigation report for the best insurance pricing.
Negotiate Closing Costs
Some lenders may reduce or waive certain fees such as application or origination fees. You can also shop around for lower cost services like title insurance.
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. For more personalized advice contact one of our Florida mortgage specialists today.
Florida Real Estate & Mortgage Update - Q1 2026
Florida's housing market has shifted toward balance. The Q1 2026 statewide median price for single family homes was $415,000, essentially flat year-over-year, while closed sales rose 5.3% compared to Q1 2025, the seventh consecutive month of year-over-year sales gains. Buyers have more options and more negotiating leverage than at any point since 2019 with the statewide median days on market running around 77–84 days. The single family and condo markets are telling different stories. Single family homes carry 4.8 months of supply while condo and townhome properties sit at 9.1 months of supply. Post-Surfside inspection and reserve funding requirements under Florida's SB 4-D have added carrying costs for condo associations, weighing on values in that segment statewide.
Regional variation is significant. Miami continues to hold value supported by international and cash buyers. The Gulf Coast, particularly Cape Coral-Fort Myers and North Port-Sarasota-Bradenton, has seen more meaningful price softening. Florida continues to attract net inbound migration, homeowner equity remains high and lending standards today are nothing like 2008.
Mortgage rates are currently in the 6.30%–6.37% range (Freddie Mac PMMS, May 2026), well below the 6.6%–7%+ levels that weighed on the market through much of 2025. Florida Realtors Chief Economist Dr. Brad O'Connor credited the year-over-year sales gains in Q1 largely to the rate improvement, noting that mortgage rates in Q1 2025 ranged between 6.6% and just above 7%.
For more insights on where rates are headed, see our Mortgage Rate Forecast.
Sources: Florida Realtors Q1 2026 Housing Market Report, Redfin Florida Housing Market (March 2026), Freddie Mac Primary Mortgage Market Survey
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.
Steven Parangi, Licensed Mortgage Loan Originator (NMLS #76024)
View credentials →FL Mortgage Rates FAQs
Mortgage rates in Florida can change daily and sometimes multiple times per day. Rates are influenced by financial market activity, including U.S. Treasury yields, inflation data, and Federal Reserve policy. Lenders may adjust rates based on market volatility and borrower demand.
In Florida, alongside conventional loans, FHA and VA loans are popular due to their lower down payment requirements and more flexible eligibility criteria. Jumbo loans are also common particularly in high-value real estate markets such as Miami and Naples.
When buying a home in hurricane-prone areas, consider the building's structural integrity and flood resistance. Ensure that the property has hurricane impact-resistant features, and check for flood zone designations which can affect insurance costs and property value.
Property tax rates in Florida vary by county, but are usually due annually in November each year and must be paid by March of the following year without penalty. In addition, the state does not have a personal income tax which can make overall taxation seem more favorable compared to other states. Homeowners in Florida can also benefit from homestead exemptions that provide significant property tax relief.
Yes. Second homes and vacation properties typically have higher mortgage rates than primary residences due to increased lender risk.
Yes. Lenders require active insurance coverage and high premiums can affect debt-to-income ratios.
Many buyers choose to focus on loan structure and refinance later rather than waiting for rate changes.
FL Mortgage Rates Resources
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