Florida mortgage rates in 2026 — what to expect.
There's no such thing as today's rate — there's only your rate. Here's what drives Florida pricing, including the condo and insurance factors that move your number more than most lenders explain.
What determines your Florida rate
Six factors do most of the work. The Florida wrinkles are condo warrantability and how insurance costs push DTI into different pricing tiers.
Credit Score
FICO drives Florida pricing more than any single factor. Best conventional pricing kicks in at 740+; every 20-point drop below 740 typically adds 0.125%–0.25%. Below 680, pricing hits stack quickly.
Down Payment / LTV
25%+ down gets the best conventional pricing in Florida, 20% is the next tier, and anything above 80% LTV adds either PMI or a rate adjustment. FHA and VA price flat regardless of LTV.
Condo vs. Single-Family
Florida is a condo state — and condo pricing matters. Warrantable condos add ~0.25–0.75% over single-family. Non-warrantable condos (common in coastal high-rises) often require a portfolio lender and price higher.
Insurance & Property Type
Florida wind, flood, and HOA costs don't change your rate directly, but they drive your DTI — and DTI can push you into a higher pricing tier or a different loan program. We model the full PITI before quoting.
Loan Type
VA, FHA, and USDA almost always price below conventional in Florida — sometimes by a full 0.5%. Conventional is the middle tier; jumbo and DSCR investor loans (huge in FL rental markets) sit higher.
Lock Period
30-day locks are standard. 15-day shaves a touch off if you can close fast. 45 and 60-day locks cost slightly more — useful for Florida new construction and longer purchase contracts.
What's moving Florida rates right now
Mortgage Rates Today: MBS Lower on Weak Housing Data
Mortgage-backed securities are down 3 basis points this morning (UMBS 30-year 5.5 at 99.16), roughly 13 basis points lower than yesterday at this time. A large batch of economic data had little initial impact, but the housing numbers are getting attention — especially for Florida buyers watching inventory and new construction.
July Housing Starts fell 12% from June to an annual rate of 1.24 million, well below the 1.35 million consensus. That follows a 19% jump last month and points to a bumpy recovery in new home construction. On the flip side, Building Permits rose 5% from June, beating expectations and suggesting builders are still pulling permits even as starts lag.
Other data this morning: July Import Prices fell 0.4% from June versus expectations for a slight increase. July Industrial Production rose 0.2%, close to consensus. July Pending Home Sales dropped 2.3% from June, worse than the expected small gain. The Dow is down about 50 points.
The Florida takeaway
Weaker housing and import price data give the Fed more room to hold or cut later this year, which is generally supportive for mortgage rates. But MBS are still trading lower this morning, so the improvement hasn't shown up in rate sheets yet. For Florida buyers — especially those looking at condos where warrantability and insurance costs already push DTI higher — locking a rate you like is the safer move if you're within 30 days of closing.
Get your actual Florida rate.
We'll price your scenario — credit, down payment, condo or single-family, and a realistic Florida insurance estimate — across 30+ wholesale investors and send a written quote within hours.
No credit pull required for an initial quote. No obligation.
Florida mortgage rate FAQ
Are Florida mortgage rates different from national rates?+
Base rates are national, but Florida-specific factors — condo warrantability, wind/flood insurance impact on DTI, and a heavy second-home/investor market — change what program and pricing tier you end up in. Monroe County (Florida Keys) is also a high-cost county with higher conforming limits.
What's the conforming loan limit in Florida for 2026?+
The baseline conforming limit is $832,750 across most Florida counties. Monroe County (the Keys) qualifies as high-cost with a limit of $986,300. Everywhere else in FL uses the standard limit.
Do I need a Florida-licensed lender?+
Yes — your lender must be licensed in Florida to originate your loan. Tayton Capital is fully licensed in Florida and brokers across 30+ wholesale investors to find your best rate.
Can you handle non-warrantable condos in Florida?+
Yes. We work with portfolio lenders that specialize in non-warrantable condos — common in Miami Beach, Brickell, the Keys, and older coastal buildings. Pricing is higher than warrantable, but we'll show you the options.
What about DSCR loans for Florida rentals?+
Florida is one of the biggest DSCR markets in the country. We have access to investor-only DSCR programs that qualify on the rental income (not your W-2) — useful for short-term rentals in Orlando, Tampa, and the Panhandle, and long-term rentals statewide.
How fast can I get a real Florida rate quote?+
Usually within a few hours, almost always within one business day. We price your scenario across our investor panel and send a written quote with rate, APR, and itemized closing costs — including a realistic estimate of Florida insurance.