Mortgage Rates in Brandon, Florida — March 2026
Updated March 2026 | Based on Brandon market data and regional lending conditions
Brandon is a growing city in Florida with a population of 115,911. The current 30-year fixed mortgage rate in Brandon is 6.68%, which is 0.03% above the national average. With a median home price of $460,000 and a 20% down payment of $92,000, homebuyers can expect a monthly principal and interest payment of approximately $2,370.
Current Mortgage Rates in Brandon, FL
Below are the current average mortgage rates available in the Brandon area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Brandon Housing Market Overview
The Brandon housing market reflects moderate demand with prices near the national average. The median household income in Brandon is $55,000, and the cost of living index is 99.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $116,529 to comfortably afford the median-priced home in Brandon, which exceeds the current median household income.
Monthly Payment Breakdown for Brandon
Based on the median home price of $460,000 with 20% down ($92,000), here is what you can expect to pay monthly in Brandon:
15-Year vs. 30-Year Mortgage in Brandon
Choosing a 15-year mortgage in Brandon at 5.94% instead of a 30-year at 6.68% would save you $296,460 in total interest over the life of the loan. However, your monthly payment would be $3,093 instead of $2,370 — an increase of $723 per month.
Calculate Your Brandon Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Brandon
What are the current mortgage rates in Brandon, FL?
As of March 2026, the average 30-year fixed mortgage rate in Brandon, Florida is 6.68%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Brandon?
Based on the median home price of $460,000 with 20% down, the estimated monthly mortgage payment in Brandon is $2,370 for principal and interest. Including property taxes of $349/month, the total monthly housing cost is approximately $2,719.
What income do I need to buy a home in Brandon?
Using the 28% rule, you would need an annual income of approximately $116,529 to afford the median-priced home in Brandon at $460,000. The median household income in Brandon is $55,000. This means most households would need to either earn above the median or consider homes below $460,000.
Is Brandon a good place to buy a home in 2026?
Brandon offers a below-average cost of living with a cost of living index of 99.9 (national average = 100). The property tax rate in Florida is 0.91%, which is near the national average. Brandon has a population of 115,911 and offers a balanced lifestyle.
Mortgage Rates in Other Florida Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Brandon, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.