Your FICO score is the single most impactful personal factor in determining your Florida mortgage interest rate. On a conventional loan, the difference between a 620 and a 760 score can represent a rate spread of 0.75% to 1.25% — which on a $400,000 Florida home loan translates to roughly $200 or more per month in additional payment. FHA pricing is far less sensitive to score variation, making it a strong option for FL buyers in the 580–679 range. VA loans carry essentially no score-based pricing adjustments at all, which is one major reason the VA rate is so competitive for eligible veterans. See our Florida FHA loan page to compare FHA versus conventional for your score tier.

The more equity you bring to closing in Florida, the less risk the lender carries — and that directly reduces your mortgage interest rate. Conventional loans see their best pricing at 80% LTV (20% down) and below. Moving from 5% down to 20% down can trim 0.25%–0.50% off your rate and eliminate PMI. FHA rates do not improve dramatically with a larger down payment, but putting 10% or more down removes the lifetime MIP requirement. For Florida cash-out refinance borrowers, higher equity positions also unlock better rates — see our Florida cash-out refinance page for current LTV limits by program.

Florida conforming loan limits for 2026 sit at $806,500 for most counties, with high-cost areas such as Monroe County reaching up to $1,209,750 under Fannie Mae guidelines. Loans above those thresholds require jumbo financing, which currently prices around 6.78% in Florida. In South Florida — Miami-Dade, Broward, and Palm Beach counties — condominiums often require specific warrantability review, which can affect rate availability and pricing. Our wholesale lender network allows FL buyers to compare conventional, high-balance, jumbo, and condo programs side by side.

Florida mortgage rates move in step with the 10-year Treasury yield, which reacts daily to Federal Reserve policy, inflation data, and economic signals. As of June 2026, the Fed holds its benchmark rate in the 3.50%–3.75% range with no cuts signaled for the remainder of the year. Housing economists broadly expect Florida home loan rates to remain range-bound between 6% and 7% through year-end. Because Florida is a high-transaction market, locking your rate immediately after going under contract protects you from daily movement. Mortgage-World.com helps FL clients evaluate float-versus-lock decisions using live data from 20-plus wholesale lender partners.

30-year fixed. Best pricing at 760+ FICO and 20% down. PMI required below 20% down. FL standard limit $806,500; Monroe County up to $1,209,750. On a $400,000 loan, principal and interest runs approximately $2,573/mo.

30-year fixed. Beats conventional for most FL buyers below 720 FICO. 3.5% down at 580+; 10% at 500–579. Upfront MIP 1.75%. FL FHA limit up to $1,209,750 in high-cost counties. Lower entry barriers make this the top choice for first-time Florida buyers.

The lowest FL program rate today. Zero down, no PMI. Eligible Florida veterans and active-duty only. Details at VA.gov. Minimum 500 FICO. Florida has one of the largest veteran populations in the country — the VA loan is consistently underutilized here.

Zero down for eligible FL buyers in rural areas. Many parts of Central and North Florida qualify — including areas in Marion, Alachua, Putnam, and Flagler counties. Income limits at 115% AMI. Minimum 550 FICO. Often overlooked but powerful for rural FL buyers.

For self-employed FL buyers and investors. Bank statements, 1099s, assets, or DSCR — no tax returns required. Minimum 600 FICO. 10%–20% down typical. Strong demand from Florida’s large self-employed population and real estate investors. See our bank statement loans Florida page.

For Florida rental property investors. Qualification is based on property cash flow, not personal income — no tax returns or W-2s needed. Minimum 600 FICO. 20% down required. Available for single-family, condos, and 2–4 unit properties. See our Florida DSCR loan page.

• Minimum credit score: 500 (3.5% down at 580+)
• Down payment: 3.5% at 580 FICO; 10% at 500–579
• Max DTI: 43% guideline, up to 57% with compensating factors
• Upfront MIP: 1.75% of loan amount
• Annual MIP: 0.55% on 30-year loans over 90% LTV
• FL loan limit: up to $1,209,750 in high-cost counties
• Primary residence only; 1–4 unit properties eligible

• Minimum credit score: 500 (lender overlay may vary)
• Down payment: 0% required for eligible FL veterans
• No monthly mortgage insurance (PMI or MIP)
• VA funding fee: 1.25%–3.30% (waived if 10%+ disabled)
• Requires Certificate of Eligibility from VA
• No FL loan limit for full-entitlement borrowers
• Primary residence only; 1–4 unit properties eligible

• Minimum credit score: 620
• Down payment: 3% with PMI; 20% to eliminate PMI
• Max DTI: 45% (up to 50% with strong compensating factors)
• PMI required below 20% down (cancelable at 80% LTV)
• Standard FL limit: $806,500; high-cost: $1,209,750
• Primary, second home, and investment properties eligible
• Best rate pricing at 760+ FICO and 80% LTV or lower

• Minimum credit score: 600
• Down payment: 10%–20% depending on program
• Income docs: 12–24 months bank statements, 1099s, or assets
• No tax returns required for bank statement programs
• Max cash-out LTV: 80% on most Non-QM programs
• DSCR investor loans: no personal income required
• Available for primary, second homes, and FL investment properties

FHA loan guidelines, credit score minimums, and current FHA mortgage rates for Florida buyers seeking low down payment options in 2026.

Current cash-out refinance rates and LTV limits for Florida homeowners looking to tap their home equity with today’s rates.

Self-employed Florida buyers: qualify using 12–24 months of bank statements instead of tax returns. No W-2 or pay stub required.

Florida real estate investors: finance rental properties using the property’s cash flow, not personal tax returns or income documents.

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“Chris was the best mortgage person I’ve ever experienced in my life. My refi was very complicated. We must have called him 75 times. He never missed one of my calls. Unbelievable, and we got it done.”

“Julia Luis has been very professional and has been very helpful during the process! Anyone looking for someone to assist them in their future adventures needs to have her on your side!”