See the latest Florida mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA and Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how Florida compares nationally, and main lending options available across the state. Buying a home in Florida can be easier with today’s mortgage rates.
Current Mortgage Rates in Florida –
The table below shows today’s home purchase mortgage rates for Florida, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.23% | 7.28% | 7.33% | |
| Florida | 7.52% | 7.90% | 8.09% | |
| Credit Unions | 7.12% | 7.50% | 7.79% | 9.1/10 |
| Online lenders | 7.22% | 7.60% | 7.89% | 7.9/10 |
| Banks | 7.52% | 7.90% | 8.09% | 7.3/10 |
| 30 year fixed | 7.52% | 7.90% | 8.09% | |
| 30 year fixed FHA | 6.64% | 6.69% | 6.74% | |
| 30 year fixed VA | 6.90% | 6.95% | 7.00% | |
| 30 year fixed Jumbo | 5.67% | 5.72% | 5.77% | |
| 20 year fixed | 4.26% | 4.31% | 4.36% | |
| 15 year fixed | 6.97% | 7.02% | 7.07% | |
| 10 year fixed | 6.09% | 6.14% | 6.19% | |
| 3 year ARM | 7.27% | 7.32% | 7.37% | |
| 5 year ARM | 7.23% | 7.28% | 7.33% | |
| 7 year ARM | 6.85% | 6.90% | 6.95% | |
| 10 year ARM | 6.58% | 6.63% | 6.68% | |
| Satisfaction | 9.0/10 | 8.1/10 | 7.7/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
Condos make up a large share of Florida’s housing market, and financing one works a bit differently than a single-family home. See our condo and HOA buying guide before you make an offer.
How Florida Compares to National Averages
- Florida mortgage rates (7.23% for best credit scores) are in line with national averages (national average: 7.23%).
- Credit unions are more competitive: In Florida, credit unions offer 6.83%, banks 7.23%, online lenders 6.93%.
Mortgage Options in Florida
- 30 year fixed: 7.23% - most popular long-term option for predictable payments
- 20 year fixed: 7.10% - balance between payment size and interest savings
- 15 year fixed: 6.53% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 6.66% - shortest fixed-term option with competitive rates
- 10 year variable: 7.24% - Offers a longer initial period with a variable rate...
- 7 year variable: 7.19% - A mid-term variable option...
- 5 year variable: 6.81% - Shorter-term variable mortgage...
- 3 year variable: 7.23% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Florida Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Miami | 6.21% | 5.85% |
| Tampa | 6.19% | 5.83% |
| Orlando | 6.20% | 5.84% |
| Jacksonville | 6.18% | 5.82% |
| Tampa | 6.17% | 5.81% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Florida Best Home Loan Lenders
See which lenders are most recommended for a home mortgage by community members surveys in Florida and its main metro areas.
Miami, Fort Lauderdale, Palm Beach, Tampa, Orlando, St-Petersburg, Jacksonville, Fort Myers, Lakeland, Palm Bay, Online lenders, Brokers & Consultants
FAQs – Florida Mortgage Rates
Are home purchase rates higher in Florida than the U.S. average?
Florida mortgage rates are currently slightly below the national average, providing a favorable environment for homebuyers in the state.
What credit score is best for buying a home in Florida?
A credit score of 720 or higher typically secures the best mortgage rates available from Florida lenders.
Is it better to choose a fixed-rate or ARM in Florida?
Fixed-rate mortgages are generally recommended for Florida homeowners planning long-term residence, while ARMs may suit those expecting to move or refinance within a few years.
More Info for Florida Home Buyers:
Mortgage Rates & Tools
First-Time Home Buyer: Guide for first home buyers.
Home Purchase Calculator: Estimate your monthly payment.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Florida Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Florida: Community rated lenders by city.
Florida Home Insurance Cost: Average premiums and top rated local insurers.
Resources for Florida Homeowners: Grants and assistance programs statewide.