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 moved higher this week after May's jobs report came in far stronger than expected — 172,000 jobs added versus a forecast of 85,000, with 93,000 more added to prior months through revisions. Strong job growth reduces pressure on the Fed to cut and pushes mortgage rates up. Markets are pricing in roughly a 50% chance of a hike before year end. CPI on Wednesday and PPI on Thursday are the next big movers — if inflation comes in hot, expect rates to climb. If you're under contract on a Florida home and on the fence about locking, this is not a week to float.
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 $806,500 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.