Mortgage Rates in Florida — June 2026
Compare mortgage rate benchmarks across 197 cities in Florida. Amortio's estimated state average for a 30-year fixed loan is 6.72%, which is 0.24% above the Freddie Mac national benchmark of 6.48% from June 4, 2026. These figures are informational estimates, not lender quotes or APR offers.
What is the current Florida mortgage-rate benchmark?
Amortio's Florida state table shows an estimated 6.72% 30-year benchmark across 197 cities, versus Freddie Mac's 6.48% national 30-year PMMS benchmark from June 4, 2026. Use it to compare city payments, then request same-day lender Loan Estimates for APR, points, fees, lock period, and cash-to-close.
How to Read Florida Mortgage Rates
Florida is not one uniform mortgage market. The rate table below covers 197 cities, but the real payment difference comes from home price, income, property taxes, loan size, and whether a borrower fits conventional, FHA, VA, or jumbo pricing. Use this page to compare cities first, then use lender quotes for final APR and fee decisions.
- At the state-average payment of $1,966 per month and median income of $56,462, Florida looks stretched relative to the standard 28% housing-cost guideline.
- The observed city-level 30-year benchmark spread is 0.9 percentage points, from 6% to 6.9%. Even small rate differences matter more in expensive cities because they apply to larger loan balances.
- Property taxes are material but not the only factor; rate, loan size, and insurance assumptions can move the final payment just as much.
- For buyers comparing down payment choices, pair this state page with the PMI calculator, affordability calculator, and closing cost estimator before assuming the lowest advertised rate creates the lowest total cost.
Payment-Efficient Florida Cities
| City | P&I / Income | Monthly P&I | Median Income | 30-Year Rate |
|---|---|---|---|---|
| Pomona Park | 18.7% | $1,136 | $73,000 | 6.7% |
| Jacksonville | 27.5% | $1,487 | $65,000 | 6.67% |
| University Park | 27.5% | $1,560 | $68,000 | 6.77% |
| Indialantic | 28.7% | $1,543 | $64,500 | 6.83% |
| Azalea Park | 30.5% | $1,716 | $67,500 | 6.77% |
Highest-Priced Florida Markets to Stress-Test
Florida Mortgage Quote Comparison Worksheet
Use this checklist before choosing between lender quotes, state assistance, builder credits, or a temporary buydown. It is built to catch the costs that do not show up in a simple rate table.
| Line Item | What to Compare |
|---|---|
| Rate vs APR | APR exposes points, lender fees, and credits that can hide inside a lower advertised rate. |
| Cash to close | Compare down payment, closing costs, prepaid taxes, insurance escrow, and any assistance or seller credit. |
| Payment after escrow | Florida buyers should compare principal, interest, property tax, insurance, HOA or condo dues, and mortgage insurance together. |
| Assistance terms | Down payment assistance can be a grant, forgivable second, deferred second, or repayable loan; the repayment rule changes the real cost. |
| Rate lock and buydown | Temporary buydowns and lender credits can improve the first-year payment while leaving a higher long-run payment. |
A strong Florida mortgage comparison should include at least two lender Loan Estimates plus one program or assistance check where available. Pair this worksheet with the affordability calculator, PMI calculator, and closing cost estimator.
Florida Mortgage Rate, Insurance & Homebuyer Program Notes
Florida mortgage shoppers should compare the 30-year rate benchmark with insurance, flood zone, condo review, HOA, and Florida Housing program eligibility. A Florida payment estimate without insurance and assessment context can look cheaper than the final monthly cost.
- Florida Housing says its Homebuyer Program offers 30-year fixed first mortgage loans through participating lenders for eligible first-time homebuyers.
- Florida Housing lists down payment and closing cost assistance options that are used with its first mortgage loan; assistance is not a stand-alone product.
- Insurance, windstorm, flood, and condo-association costs can dominate the Florida payment decision, especially in coastal and high-growth markets.
- Hometown Heroes and other special allocations can open, close, or exhaust funding, so verify availability on Florida Housing before planning around a program.
Florida Loan Limit, Insurance & Program Checks
| Area | Conforming | FHA | Why It Matters |
|---|---|---|---|
| Florida conventional loans | Use FHFA lookup | Use HUD lookup | County loan limits matter before assuming conventional, FHA, or jumbo pricing. |
| Florida Housing first mortgage | Program-specific | Program-specific | Florida Housing requires approved participating lenders and current county income and purchase-price checks. |
| Coastal or condo purchase | Loan limit plus project review | FHA condo/project rules may apply | Insurance, HOA reserves, and condo review can change eligibility and payment more than the headline rate. |
Official Florida Mortgage Sources
Florida Housing Highlights
All 197 Cities in Florida
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Jacksonville | 6.67% | $289,000 | $1,487 | 949,611 |
| Miami | 6.67% | $555,000 | $2,856 | 442,241 |
| Tampa | 6.67% | $385,000 | $1,981 | 384,959 |
| Orlando | 6.67% | $375,000 | $1,930 | 307,573 |
| St. Petersburg | 6.67% | $355,000 | $1,827 | 258,308 |
| Hialeah | 6.67% | $425,000 | $2,187 | 223,109 |
| Port St. Lucie | 6.67% | $345,000 | $1,775 | 204,851 |
| Tallahassee | 6.67% | $265,000 | $1,364 | 196,169 |
| Cape Coral | 6.67% | $365,000 | $1,878 | 194,016 |
| Fort Lauderdale | 6.67% | $465,000 | $2,393 | 182,760 |
| Pembroke Pines | 6.67% | $445,000 | $2,290 | 171,178 |
| Hollywood | 6.61% | $385,000 | $1,969 | 153,067 |
| Gainesville | 6.67% | $285,000 | $1,467 | 141,085 |
| Miramar | 6.67% | $435,000 | $2,239 | 140,823 |
| Coral Springs | 6.67% | $445,000 | $2,290 | 134,394 |
| Lehigh Acres | 6.68% | $407,000 | $2,097 | 129,000 |
| Palm Bay | 6.67% | $295,000 | $1,518 | 119,760 |
| Clearwater | 6.67% | $325,000 | $1,673 | 117,495 |
| West Palm Beach | 6.67% | $395,000 | $2,033 | 117,415 |
| Brandon | 6.68% | $460,000 | $2,370 | 115,911 |
| Spring Hill | 6.73% | $488,000 | $2,527 | 113,742 |
| Lakeland | 6.67% | $275,000 | $1,415 | 112,641 |
| Pompano Beach | 6.67% | $385,000 | $1,981 | 112,118 |
| Miami Gardens | 6.88% | $439,000 | $2,308 | 111,640 |
| Davie | 6.62% | $479,000 | $2,452 | 105,691 |
| Boca Raton | 6.67% | $525,000 | $2,702 | 99,805 |
| Sunrise | 6.84% | $417,000 | $2,184 | 97,335 |
| Riverview | 6.9% | $443,000 | $2,334 | 95,491 |
| Deltona | 6.67% | $295,000 | $1,518 | 95,027 |
| Plantation | 6.66% | $412,000 | $2,118 | 94,580 |
| Fort Myers | 6.73% | $403,000 | $2,087 | 92,245 |
| Palm Coast | 6.82% | $411,000 | $2,148 | 91,495 |
| Melbourne | 6.67% | $295,000 | $1,518 | 86,069 |
| Largo | 6.85% | $443,000 | $2,322 | 84,948 |
| Miami Beach | 6.77% | $367,000 | $1,908 | 82,890 |
| Deerfield Beach | 6.84% | $399,000 | $2,089 | 80,990 |
| Boynton Beach | 6.84% | $377,000 | $1,974 | 80,380 |
| Homestead | 6.62% | $394,000 | $2,017 | 80,104 |
| Kissimmee | 6.67% | $315,000 | $1,621 | 79,226 |
| Poinciana | 6.87% | $381,000 | $2,001 | 78,452 |
| 157 more Florida city mortgage-rate pages are available as individual pages and in the XML sitemap. | ||||
Florida Mortgage Rates Guide — 2026
Florida homebuyers can use an estimated 30-year fixed benchmark of 6.72%, with median home prices around $380,183. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,966.
The most affordable city for homebuyers in Florida is Pomona Park, where the median home price is $220,000. On the other end, Key West has the highest prices at $825,000. Property tax rates across the state average 0.87%.
To comfortably afford a home at the state average price, a household income of approximately $84,257 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
For Florida mortgage-rate searches, compare the statewide benchmark with the city page and then stress-test homeowners insurance, flood insurance, HOA or condo dues, and special assessments. A lower principal-and-interest payment can be offset by higher escrow costs.
Florida Housing programs can reduce cash-to-close for eligible buyers, but the loan still needs a full APR, fee, insurance, and repayment comparison against conventional, FHA, VA, and USDA alternatives.
Use our free loan calculator to see your estimated monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Methodology & Mortgage Rate Data Sources
How we calculate Florida mortgage rates: Our rate estimates start with weekly mortgage-rate benchmarks and then compare city-level housing assumptions. They are designed for planning and comparison, not as a guarantee of lender pricing.
- Benchmark mortgage rates from Freddie Mac Primary Mortgage Market Survey (PMMS) — the most-cited weekly survey of 30-year and 15-year fixed conforming rates.
- Federal Reserve rate policy tracked via FRED — Federal Reserve Economic Data — the St. Louis Fed's authoritative database of interest rate series.
- Conforming loan limits set annually by the FHFA Conforming Loan Limit announcements (Florida 2026: $832,750 baseline, with higher one-unit limits in high-cost counties).
- State lending regulation context from HUD State Information pages covering FHA, down payment assistance, and housing finance agency programs in Florida.
- Mortgage market trends tracked via Mortgage Bankers Association (MBA) Weekly Applications Survey — the industry benchmark for mortgage demand and rate sensitivity.
Authoritative mortgage rate data sources:
- Freddie Mac PMMS — weekly 30yr and 15yr fixed rate benchmark
- FRED — Federal Reserve Economic Data — interest rate and housing series
- FHFA — Federal Housing Finance Agency — conforming loan limits and HPI
- HUD — Housing and Urban Development — FHA programs and state assistance
- Florida Housing Homebuyer Program — first mortgage, education, lender, and assistance requirements
- CFPB Mortgage Rate Checker — personalized rate comparison tool
- VA Home Loan Program — zero down payment loan for eligible veterans
Rate Disclaimer: Rates shown are estimates based on current market surveys and may not reflect actual lender quotes. Your rate depends on credit score, loan-to-value ratio, down payment, property type, and lender. Always obtain personalized rate quotes from multiple lenders. Rates change daily.
Reviewed by Brazora Monk · Last updated May 2026 · Freddie Mac PMMS data current as of June 4, 2026
Frequently Asked Questions — Florida Mortgages
What are current mortgage rates in Florida?
As of June 4, 2026, Freddie Mac's national benchmark was 6.48% for the 30-year fixed and 5.79% for the 15-year fixed. Amortio's Florida city comparison shows an estimated 30-year benchmark average of 6.72% and 15-year average of 5.96%. Rates vary by city, lender, lock date, fees, and borrower qualification.
What is the average home price in Florida?
The median home price across 197 cities in Florida is $380,183. Prices range from $220,000 in Pomona Park to $825,000 in Key West.
How much income do I need to buy a house in Florida?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $84,257 to comfortably afford the average home in Florida. The median household income in the state is approximately $56,462.
Why do Florida mortgage payments differ so much from rate-only estimates?
Florida escrow costs can include homeowners insurance, windstorm coverage, flood insurance, property taxes, HOA dues, and condo assessments. These costs can move the total payment even when two lenders quote similar rates.
Does Florida Housing down payment assistance work by itself?
Florida Housing states that down payment assistance is used with its first mortgage loan, not as stand-alone assistance. Eligible borrowers should verify the current first mortgage, second mortgage, and repayment terms.
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