See below 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 | 6.31% | 6.36% | 6.41% | |
| Florida | 6.55% | 6.93% | 7.12% | |
| Credit Unions | 6.15% | 6.53% | 6.82% | 8.5/10 |
| Online lenders | 6.25% | 6.63% | 6.92% | 8.2/10 |
| Banks | 6.55% | 6.93% | 7.12% | 8.1/10 |
| 30 year fixed | 6.55% | 6.93% | 7.12% | |
| 30 year fixed FHA | 6.64% | 6.69% | 6.74% | |
| 30 year fixed VA | 5.85% | 5.90% | 5.95% | |
| 30 year fixed Jumbo | 5.69% | 5.74% | 5.79% | |
| 20 year fixed | 4.26% | 4.31% | 4.36% | |
| 15 year fixed | 6.53% | 6.58% | 6.63% | |
| 10 year fixed | 6.07% | 6.12% | 6.17% | |
| 3 year ARM | 6.30% | 6.35% | 6.40% | |
| 5 year ARM | 6.28% | 6.33% | 6.38% | |
| 7 year ARM | 6.85% | 6.90% | 6.95% | |
| 10 year ARM | 5.86% | 5.91% | 5.96% | |
| Satisfaction | 9.4/10 | 7.7/10 | 8.0/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
How Florida Compares to National Averages
- Florida mortgage rates (6.28% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In Florida, credit unions offer 5.88%, banks 6.28%, online lenders 5.98%.
Mortgage Options in Florida
- 30 year fixed: 6.28% - most popular long-term option for predictable payments
- 20 year fixed: 6.26% - balance between payment size and interest savings
- 15 year fixed: 5.72% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.88% - shortest fixed-term option with competitive rates
- 10 year variable: 7.26% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.50% - A mid-term variable option...
- 5 year variable: 6.36% - Shorter-term variable mortgage...
- 3 year variable: 6.30% - 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.
Compare Lenders Rated by Florida Homeowners
Florida homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Florida
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 Florida Home Buyer Information:
Best Mortgage Lenders in Florida(from Community Feedback)
Florida Down Payment Assistance Programs
Florida Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Florida Homeowners.