Florida Mortgage Rates

Compare the best mortgage rates in Florida today.

The most powerful man in America puts up a residence in Mar-a-Lago. But you certainly don’t need millions of dollars to buy a home in Florida as there are affordable homes there. You could contribute to the state’s homeownership rate and reap its gains as home values in the state are projected to rise by 3.0% next year according to Zillow.

Before you consider what home to buy, look into what mortgage rates Florida has to offer, what mortgage loans are available, and more.

Let’s help you shop and compare mortgage rates here.

Mortgage Rate vs APR

A mortgage rate is an interest charged on the amount you borrowed to buy a home or refinance versus an annual percentage rate or APR that calculates the interest rate plus fees on yearly basis.

While the APR can offer a more accurate picture of the borrowing costs, it doesn’t apply to adjustable-rate mortgages because their rates change. This leads us to loan products available in Florida.

Mortgage Options in Florida

1. 30-Year FRM. It’s a mortgage staple and is easy to understand with its low rates and low payments. Other variations are 15- and 20-year FRMs. The shorter the term, the lesser the total interest costs of the loan and the higher the payments.

2. ARM. The adjustable-rate mortgage offers very low starting rates and payment. The rate resets periodically once a year and could increase but not drastically because of rate caps.

3. Hybrid ARM. It’s an ARM with an fixed-rate initial period. Examples are 5/1, 5/3, 5/5 where the rate adjusts annually after a year, three years, or five years respectively.

4. Jumbo loan. This is used to borrow larger amounts exceeding the conforming loan limit ceiling for a county, e.g. $424,100 in Palm Beach. Rates on jumbo loans are usually higher.

5. Second mortgages. One can be used to cover the downpayment if taken out simultaneously with any first-lien purchase mortgage or for line of credit (HELOC) or lump sum (home equity loan) if taken thereafter.

So, how do you find mortgage rates in Florida?

Click to See the Latest Mortgage Rates»
Click Here to Get Matched With a Lender»

Get started today!

It only takes a few minutes to get started and best of all, it’s completely free. Get started finding the best mortgage options for you now.

Start Here

When inquiring about a loan on this site, this is not a loan application. This is not an offer to lend and we are not affiliated with your current mortgage servicer. Upon the completion of your inquiry, we will work hard to match you with a lender or lenders who may assist you with an official loan application and provide loan product eligibility requirements for your individual situation.

When applying for a loan, lenders will commonly require you to provide a valid social security number and submit to a credit check. Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved. Minimum credit ratings may vary according to lender and loan product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee. Any loan product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the loan product.

This site is in no way affiliated with any news source or government organization and is not a government agency. Not affiliated with HUD, FHA, VA, FNMA or GNMA. This site may contain affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. If you do not agree to our terms and policies, then please leave this site immediately. If you submit your mobile number on this website you agree to receive marketing based text messages. Consent is not required for purchase. You will receive up to 4 messages per month. Standard text and data rates may apply. Reply STOP to stop & HELP for help.

Contents of this website are copyrighted property of the owner of this website. All trademarks, logos, and service marks (collectively the "Trademarks") displayed are registered and/or unregistered Trademarks of their respective owners.

In the event that you discovered this website through an advertisement, such advertisement may consist of stock photos, images, video or other publicly available resources. Any spokesperson used is an employee of the advertiser that owns and operates this website and is not a paid spokesperson or influencer.

© 2018 Mortgage.Info is not a government agency or a lender. Not affiliated with HUD, FHA, VA, FNMA or GNMA. We work hard to match you with local lenders for the mortgage you inquire about. This is not an offer to lend and we are not affiliated with your current mortgage servicer.