Current Mortgage Rates in Florida — June 2026 by Loan Program
Today’s current mortgage rates in Florida: 30-year conventional averages 6.62%, FHA is approximately 6.35%, VA averages 5.91%, USDA runs near 6.50%, and Non-QM bank statement programs range from 7.00% to 8.50%. Rates move daily based on credit score, down payment, loan amount, and program type. As a Florida-licensed mortgage broker shopping multiple loan programs, Mortgage-World.com gives Florida buyers access to rates retail banks cannot match — because we work for you, not the lender.
30-Yr Conventional
FL Avg Rate
30-Yr FHA
FL Avg Rate
30-Yr VA
FL Avg Rate
Non-QM
FL Avg Range
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Current Mortgage Rates Florida Today — What FL Borrowers Are Seeing
Current mortgage rates in Florida as of June 25, 2026 sit in the 5.91%–6.62% range for government-backed and conventional 30-year fixed programs, based on national averages tracked by Freddie Mac’s Primary Mortgage Market Survey and state-level data from Bankrate and NerdWallet. The 30-year conventional fixed rate in Florida averages 6.62%, the FHA 30-year rate averages approximately 6.35%, and the VA loan rate is especially competitive at 5.91% for eligible Florida veterans. USDA rates for eligible rural FL areas run near 6.50%. Non-QM programs — serving self-employed borrowers, real estate investors, and those with non-traditional income documentation — range from 7.00% to 8.50% depending on documentation type and loan-to-value. These are market averages; your actual rate depends on credit score, down payment, loan amount, property type, and the lender you use. That is why working with a Florida-licensed mortgage broker matters: Mortgage-World.com (NMLS #1630225, FL License MLB 1987) shops multiple loan programs to find rates that retail banks and direct lenders cannot offer. The Consumer Financial Protection Bureau consistently notes that comparing multiple lenders can save borrowers significantly over the life of a loan — which is exactly what a Florida mortgage broker does automatically.
FL Rate Comparison
Florida Mortgage Rates by Loan Program — June 2026
The table below shows today’s home loan rate averages for each major program available to Florida borrowers. Wholesale rates accessed through Mortgage-World.com’s lender network are often meaningfully lower than these market averages, particularly for well-qualified borrowers. Rates update daily and are subject to lock-in conditions.
| Loan Program | 30-Yr Fixed Rate | 15-Yr Fixed Rate | Min Credit Score | Min Down Payment |
|---|---|---|---|---|
| Conventional | ~6.62% | ~6.15% | 620 | 3% (with PMI) |
| FHA Loan | ~6.35% | ~5.93% | 500 | 3.5% (580+ score) |
| VA Loan | ~5.91% | ~5.54% | 500 | 0% required |
| USDA Loan | ~6.50% | N/A | 550 | 0% required |
| Non-QM Alt Doc / Bank Statement | 7.00%–8.50% | Varies | 600 | 10%–20% |
| DSCR Investor Loan | 7.25%–8.75% | Varies | 600 | 20% |
| Jumbo | ~6.78% | ~6.30% | 660 | 10%–20% |
Current Mortgage Rates Florida — June 2026 comparison by program | Mortgage-World.com NMLS #1630225 | FL License MLB 1987
Rate Drivers Explained
What Determines the Rate You Are Offered in Florida
The market averages in the table above are a starting point, not a guarantee. Every Florida borrower receives a unique rate based on several factors that lenders weigh individually. Understanding what moves your rate helps you make decisions that lower it before you lock:
Your FICO score is the single most impactful personal factor in determining your Florida mortgage interest rate. On a conventional loan, the difference between a 620 and a 760 score can represent a rate spread of 0.75% to 1.25% — which on a $400,000 Florida home loan translates to roughly $200 or more per month in additional payment. FHA pricing is far less sensitive to score variation, making it a strong option for FL buyers in the 580–679 range. VA loans carry essentially no score-based pricing adjustments at all, which is one major reason the VA rate is so competitive for eligible veterans. See our Florida FHA loan page to compare FHA versus conventional for your score tier.
The more equity you bring to closing in Florida, the less risk the lender carries — and that directly reduces your mortgage interest rate. Conventional loans see their best pricing at 80% LTV (20% down) and below. Moving from 5% down to 20% down can trim 0.25%–0.50% off your rate and eliminate PMI. FHA rates do not improve dramatically with a larger down payment, but putting 10% or more down removes the lifetime MIP requirement. For Florida cash-out refinance borrowers, higher equity positions also unlock better rates — see our Florida cash-out refinance page for current LTV limits by program.
Florida conforming loan limits for 2026 sit at $806,500 for most counties, with high-cost areas such as Monroe County reaching up to $1,209,750 under Fannie Mae guidelines. Loans above those thresholds require jumbo financing, which currently prices around 6.78% in Florida. In South Florida — Miami-Dade, Broward, and Palm Beach counties — condominiums often require specific warrantability review, which can affect rate availability and pricing. Our wholesale lender network allows FL buyers to compare conventional, high-balance, jumbo, and condo programs side by side.
Florida mortgage rates move in step with the 10-year Treasury yield, which reacts daily to Federal Reserve policy, inflation data, and economic signals. As of June 2026, the Fed holds its benchmark rate in the 3.50%–3.75% range with no cuts signaled for the remainder of the year. Housing economists broadly expect Florida home loan rates to remain range-bound between 6% and 7% through year-end. Because Florida is a high-transaction market, locking your rate immediately after going under contract protects you from daily movement. Mortgage-World.com helps FL clients evaluate float-versus-lock decisions using live data from multiple loan programs partners.
Visual Overview
Current Mortgage Rates Florida — Rate Comparison by Program
Program Deep Dive
What Each Loan Program Costs Per Month in Florida
Each loan program behaves differently in today’s Florida rate environment. Here is what FL borrowers need to know about today’s current mortgage rates in Florida for each major program in 2026:
30-year fixed. Best pricing at 760+ FICO and 20% down. PMI required below 20% down. FL standard limit $806,500; Monroe County up to $1,209,750. On a $400,000 loan, principal and interest runs approximately $2,573/mo.
30-year fixed. Beats conventional for most FL buyers below 720 FICO. 3.5% down at 580+; 10% at 500–579. Upfront MIP 1.75%. FL FHA limit up to $1,209,750 in high-cost counties. Lower entry barriers make this the top choice for first-time Florida buyers.
The lowest FL program rate today. Zero down, no PMI. Eligible Florida veterans and active-duty only. Details at VA.gov. Minimum 500 FICO. Florida has one of the largest veteran populations in the country — the VA loan is consistently underutilized here.
Zero down for eligible FL buyers in rural areas. Many parts of Central and North Florida qualify — including areas in Marion, Alachua, Putnam, and Flagler counties. Income limits at 115% AMI. Minimum 550 FICO. Often overlooked but powerful for rural FL buyers.
For self-employed FL buyers and investors. Bank statements, 1099s, assets, or DSCR — no tax returns required. Minimum 600 FICO. 10%–20% down typical. Strong demand from Florida’s large self-employed population and real estate investors. See our bank statement loans Florida page.
For Florida rental property investors. Qualification is based on property cash flow, not personal income — no tax returns or W-2s needed. Minimum 600 FICO. 20% down required. Available for single-family, condos, and 2–4 unit properties. See our Florida DSCR loan page.
Loan Requirements
Program Requirements at a Glance
Every Florida home loan program carries its own set of qualification standards. Here is a side-by-side look at the key requirements across the programs Mortgage-World.com offers to FL borrowers:
- Minimum credit score: 500 (3.5% down at 580+)
- Down payment: 3.5% at 580 FICO; 10% at 500–579
- Max DTI: 43% guideline, up to 57% with compensating factors
- Upfront MIP: 1.75% of loan amount
- Annual MIP: 0.55% on 30-year loans over 90% LTV
- FL loan limit: up to $1,209,750 in high-cost counties
- Primary residence only; 1–4 unit properties eligible
- Minimum credit score: 500 (lender overlay may vary)
- Down payment: 0% required for eligible FL veterans
- No monthly mortgage insurance (PMI or MIP)
- VA funding fee: 1.25%–3.30% (waived if 10%+ disabled)
- Requires Certificate of Eligibility from VA
- No FL loan limit for full-entitlement borrowers
- Primary residence only; 1–4 unit properties eligible
- Minimum credit score: 620
- Down payment: 3% with PMI; 20% to eliminate PMI
- Max DTI: 45% (up to 50% with strong compensating factors)
- PMI required below 20% down (cancelable at 80% LTV)
- Standard FL limit: $806,500; high-cost: $1,209,750
- Primary, second home, and investment properties eligible
- Best rate pricing at 760+ FICO and 80% LTV or lower
- Minimum credit score: 550 (full doc) or 600 (alt doc)
- Down payment: 10%–20% depending on program
- Income docs: 12–24 months bank statements, 1099s, or assets
- No tax returns required for bank statement programs
- Max cash-out LTV: 80% on most Non-QM programs
- DSCR investor loans: no personal income required
- Available for primary, second homes, and FL investment properties
Florida Market Context
Why Florida Mortgage Rates Differ from National Averages
Florida mortgage rates today track closely with national averages, but several state-specific factors influence what individual borrowers are offered. Understanding these factors helps Florida homebuyers and homeowners get a more accurate picture of what to expect when applying:
Condo and HOA Restrictions
South Florida has one of the highest concentrations of condominium developments in the country. Fannie Mae and FHA have specific warrantability requirements that condo associations must meet for buyers to access conventional and FHA financing. Non-warrantable condos require Non-QM pricing, which runs 7.00%–8.50%. Working with a Florida-licensed broker is critical for condo buyers in Miami, Fort Lauderdale, and the Palm Beaches.
Florida’s Large Investor and Self-Employed Market
Florida attracts a significant number of self-employed buyers and real estate investors across Miami, Tampa, Orlando, and Jacksonville. For these borrowers, bank statement loans and DSCR investor loans are frequently the most competitive path because they qualify on actual cash flow rather than taxable income. Mortgage-World.com has access to more than a dozen Non-QM and DSCR wholesale programs for the Florida market. See our Florida bad credit mortgage page if past credit challenges are also a factor.
Property Insurance and Its Effect on Rates
Florida homeowners and flood insurance costs have risen sharply since 2022. Because lenders factor total housing payment into debt-to-income ratios, higher insurance premiums directly affect how much home a Florida buyer can qualify for at any given rate. In some coastal areas, insurance adds $400–$1,000 per month to the housing payment, tightening the qualifying bar even when mortgage rates are otherwise competitive.
Related Resources
Related Mortgage Pages
Your rate depends on the program you choose. These Florida pages cover the main options.
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Common Questions Answered
Frequently Asked Questions About Florida Mortgage Rates
