Mortgage Rates in Oviedo, Florida — March 2026
Updated March 2026 | Based on Oviedo market data and regional lending conditions
Oviedo is a growing city in Florida with a population of 46,010. The current 30-year fixed mortgage rate in Oviedo is 6.84%, which is 0.19% above the national average. With a median home price of $415,000 and a 20% down payment of $83,000, homebuyers can expect a monthly principal and interest payment of approximately $2,173.
Current Mortgage Rates in Oviedo, FL
Below are the current average mortgage rates available in the Oviedo 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Oviedo Housing Market Overview
The Oviedo housing market reflects moderate demand with prices near the national average. The median household income in Oviedo is $62,500, and the cost of living index is 91.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $105,857 to comfortably afford the median-priced home in Oviedo, which exceeds the current median household income.
Monthly Payment Breakdown for Oviedo
Based on the median home price of $415,000 with 20% down ($83,000), here is what you can expect to pay monthly in Oviedo:
15-Year vs. 30-Year Mortgage in Oviedo
Choosing a 15-year mortgage in Oviedo at 6.06% instead of a 30-year at 6.84% would save you $276,120 in total interest over the life of the loan. However, your monthly payment would be $2,812 instead of $2,173 — an increase of $639 per month.
Calculate Your Oviedo 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 Oviedo
What are the current mortgage rates in Oviedo, FL?
As of March 2026, the average 30-year fixed mortgage rate in Oviedo, Florida is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Oviedo?
Based on the median home price of $415,000 with 20% down, the estimated monthly mortgage payment in Oviedo is $2,173 for principal and interest. Including property taxes of $297/month, the total monthly housing cost is approximately $2,470.
What income do I need to buy a home in Oviedo?
Using the 28% rule, you would need an annual income of approximately $105,857 to afford the median-priced home in Oviedo at $415,000. The median household income in Oviedo is $62,500. This means most households would need to either earn above the median or consider homes below $415,000.
Is Oviedo a good place to buy a home in 2026?
Oviedo offers a below-average cost of living with a cost of living index of 91.2 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Oviedo has a population of 46,010 and offers a very affordable lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Oviedo, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.