Mortgage and Refinance Rates in Florida

Use our comparison table to compare refinance and mortgage rates in Florida

Today's Rates In Florida

January 27 2021
Fixed 30 Year
down since yesterday
Rate: 2.602%
APR: 2.649%

January 27 2021
Fixed 15 Year
down since yesterday
Rate: 2.15%
APR: 2.221%

January 27 2021
Fixed 10 Year
up since yesterday
Rate: 2.438%
APR: 2.548%

The Florida housing market can be chaotic and challenging. But Florida mortgage rates are fairly temperate by comparison. They rise and fall over time, but you rarely see the kind of volatility that marks the housing market itself.

FloridaThat said, there's a lot of variety in Florida home loans and the mortgage interest rates and terms that come with them.  Different borrowers will find that different home loans are best suited for them and their situation, and will come with different rates. For example:

  • A professional couple buying a condo in Miami
  • A first-time homebuyer in Jacksonville
  • An established homeowner refinancing his mortgage in Tampa
  • A successful business owner purchasing a high-end golf course home in Orlando
  • A veteran buying a home in Pensacola
  • A long-time resident seeking a home improvement loan in Tallahassee

Options for Florida home loans

Each of these borrowers and their situations may call for a different kind of loan, with different mortgage rates. Florida borrowers might choose the following options, for example:

  • A professional couple may opt for a conventional Fannie Mae/Freddie Mac loan. For borrowers with good credit, these typically offer the lowest fees and best mortgage rates in Florida.
  • A first-time homebuyer with so-so credit and limited funds may choose a FHA loan. Florida borrowers often choose these when they're looking for less stringent credit or down payment requirements.
  • A homeowner who's refinancing may opt to go with a 15-year mortgage, allowing them to pay off their home faster.  Shorter loans have lower refinance rates than longer ones do, so Florida homeowners can sometimes knock  several years off their loan with little or no increase in monthly payments.
  • Someone purchasing a high-end property may need to go for a jumbo mortgage if the loan amount exceeds what they can finance with a conventional mortgage. Jumbo mortgage rates in Florida and elsewhere tend to run a bit higher than other loans, though.
  • Qualifying veterans and those currently serving in the military will find great deals with VA loans, which require no money down up to a generous limit. VA mortgage rates in Florida and elsewhere are competitive with conventional loans as well.
  • Florida home equity loans are another type of mortgage, and are often used for home improvements. Because they're considered second liens, home equity loan rates are a bit higher than you'd pay for refinance rates or a home purchase.  

HELOCs, or home equity lines of credit, are another type of home equity loan where you can draw against a line of credit as you wish, rather than borrowing a single lump sum. These are set up as adjustable-rate loans, so Florida HELOC rates tend to run lower than fixed home equity loan rates, though they may move up or down over time.


Finding the best mortgage rates in Florida

Regardless of your situation or the type of loan you're looking for, to get the best mortgage rates in Florida you need to shop around. Florida mortgage rates not only vary based on the loan type and the borrower's profile, they also vary from lender to lender – sometimes, quite a bit.

The table at the top of the page shows current Florida mortgage rates. Those are the average mortgage rates in Florida that borrowers are paying.  You may pay more or less, but you shouldn't pay a lot more unless you have poor credit.

To find out what mortgage interest rates Florida lenders will offer you, call around to a number of lenders and ask what rate they would offer a borrower with your credit seeking the type and amount of loan you're interested in. They can then cite you a rate based on current mortgage rates in Florida.

You can also use a rate request form such as the one at the top of this page to request personalized rate quotes from a number of lenders simultaneously – there are options for home purchase, refinance and home equity loans. That's one of the easiest ways to get personalized quotes and there's no commitment required – give it a try!


100% Free - FHA Lenders -  No Credit Check or SSN required
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Additional Local Rates Pages

See Jacksonville Mortgage Rates.

In Jacksonville, the place where Florida begins, you can find a mortgage loan that's priced right. Here's how to get started:

  • Do the research.
  • Know the interest rates.
  • Define your goals.
  • Request multiple quotes.
  • Run the numbers.

As you work through the process, use the tools available on to save you time and money. The site's extensive mortgage-related content and interest rate information make research easy. And you can quickly collect rate quotes by submitting a request online, or by calling the brokers directly, using our Jacksonville broker directory. also has a complete assortment of mortgage calculators, giving you the power to compare quotes with ease.

Second Mortgages

In Jacksonville, second mortgages come in two forms: the fixed-rate home equity loan or adjustable-rate home equity line of credit (HELOC). Both instruments are secured by your home equity-which is the value of the home minus the first mortgage debt. Some mortgagors will lend against 100 percent of home equity, but the more conservative lenders prefer to limit borrowing to 80 percent. Second mortgages carry the risk of foreclosure, since the loan or line of credit is collateralized by your home. For this reason, careful budgeting for those extra payments is vital. Most HELOCs have low, interest-only payments, but these won't reduce the debt balance.


Conforming and non-conforming mortgages are defined by the federal government. If a certain mortgage loan meets a set of mortgage-related criteria, it's considered conforming. This type of loan qualifies for the support of Fannie Mae and Freddie Mac, two federally chartered agencies that provide liquidity to the mortgage industry. It's in your best interests to obtain a conforming mortgage, because it will be less expensive than a non-conforming one.

The criteria include maximum loan size, maximum loan-to-value, maximum borrower debt-to-income ratio and minimum documentation, among other things. Since these limits can change, you should discuss them with your lender to get the specifics as they relate to your situation.

100% Free - FHA Lenders -  No Credit Check or SSN required
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Jumping headfirst into a mortgage search can leave you with more questions than answers. There are all types of fixed- and adjustable-rate mortgage loans, and not all of them are right for everyone. When you need help with the early research, turn to the reliable, mortgage-related articles available at also assists you with comparison shopping. You have two options in this regard:

  • Access the Jacksonville broker directory and contact lenders individually.
  • Complete a rate request online to receive competing quotes.

Comparing your personalized rate quotes is a step you should take very seriously.'s free mortgage calculators allow you to analyze total interest costs, monthly payments, amortization schedules, and other relevant factors with ease. Print out those calculated results, and you'll be organized and armed with the information to choose the right mortgage offer.