Florida Mortgage Rates 2026: Best Lenders + State Programs Ranked
Florida's average 30-year mortgage rate is 6.74% in June 2026 — nearly identical to the national average. But the right lender can save you $8,000–$18,000 on a $400K FL home. Add the Hometown Heroes program ($35K DPA) and Florida first-time buyers have access to some of the best assistance in the country. Here's the complete 2026 breakdown.
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⚡ Florida Mortgage Quick Answer
- • Best overall FL rate: Better.com (6.68%, closes in 16 days)
- • Best for FHA in FL: Carrington Mortgage (accepts 500 score)
- • Best for FL VA loans: Rocket Mortgage (6.09% VA)
- • Best DPA program: Hometown Heroes — up to $35,000 for essential workers
- • FL-specific rule: TX-style cash-out restrictions don't apply; FL allows 90% LTV cash-out
Florida Mortgage Rates by Lender (June 2026)
Rates for a $400K FL home, 740 credit score, 20% down. Updated weekly.
| Lender | 30-yr | 15-yr | FHA | VA | Lender Fee | Close |
|---|---|---|---|---|---|---|
Rocket Mortgage Best overall + digital | 6.71% | 6.04% | 6.28% | 6.09% | $0 | 21 days |
Better.com Fastest closing in FL | 6.68% | 5.98% | 6.31% | 6.15% | $0 | 16 days |
AmeriSave Lowest lender fees | 6.72% | 6.01% | 6.29% | 6.11% | $0 | 25 days |
Caliber Home Loans Best jumbo (FL Keys) | 6.75% | 6.07% | 6.33% | 6.18% | $995 | 28 days |
New American Funding Best for Spanish speakers | 6.74% | 6.06% | 6.30% | 6.14% | $0 | 26 days |
Flagstar Bank Best jumbo loans | 6.76% | 6.09% | 6.34% | 6.19% | $750 | 30 days |
Carrington Mortgage Best for 500 credit score | 6.82% | 6.14% | 6.25% | N/A | $0 | 35 days |
Rates are indicative. Request a Loan Estimate to compare APR. Get your personalized Florida rate →
Florida FHA Loan Limits 2026 by County
Florida has 3 FHA loan limit tiers in 2026 due to its diverse housing markets:
| County / Metro | 1-Unit FHA Limit | Conventional Limit | Tier |
|---|---|---|---|
| Monroe (FL Keys) | $929,200 | $1,209,750 | ⭐ Highest |
| Collier (Naples / Marco Island) | $702,000 | $998,000 | High-cost |
| Miami-Dade / Broward / Palm Beach | $621,000 | $806,500 | High-cost |
| Sarasota / Manatee | $574,950 | $726,200 | Mid-tier |
| Most other FL counties | $498,257 | $766,550 | Standard |
Florida tip: If your target home is near the FHA limit, consider getting pre-approved now before prices push you into a jumbo loan tier (which requires 10-20% down and 700+ credit).
Florida Down Payment Assistance Programs 2026
Florida has some of the best DPA programs in the US. Here are the top 5:
FL Hometown Heroes
Up to $35,000 DPAFL Assist (Second Mortgage)
Up to $10,000 DPAFL HFA Preferred Grant
3–5% of loan amountMyFirstFlorida
Up to $15,000 DPAPasco County DPA
Up to $40,000🔑 Hometown Heroes insider tip
The Hometown Heroes program regularly runs out of funds mid-year. As of June 2026, funds are still available but limited. Essential workers should apply for pre-approval now to lock in eligibility before the next allocation round.
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5 Florida-Specific Mortgage Rules You Must Know
1. Florida homestead exemption saves you on property taxes
2. Property insurance is the #1 cost shock for FL buyers
3. FL allows 90% LTV cash-out refinance (no Texas restrictions)
4. VA loans are exceptionally strong in FL (no funding fee for disabled vets)
5. FL condo mortgages have extra hurdles post-Surfside
Florida Mortgage FAQ 2026
What is the average mortgage rate in Florida in 2026?
Florida's average 30-year fixed mortgage rate in 2026 is approximately 6.74%, which is very close to the national average of 6.72%. Rates can be slightly higher in high-cost counties like Miami-Dade (+0.05%) due to property insurance costs impacting lender risk assessment. The best FL borrowers (760+ credit, 20% down) can access rates as low as 6.51%.
→ Compare FL rates from top lenders nowWhat is the Florida Hometown Heroes program in 2026?
The Florida Hometown Heroes Housing Program offers up to $35,000 in down payment and closing cost assistance to essential workers — teachers, nurses, law enforcement, firefighters, EMTs, active military, and veterans. It's a 0% interest second mortgage that is due only when you sell, refinance, or move out. Income limit is approximately $128,000 but varies by county. Credit score: 640+.
What are the FHA loan limits in Florida for 2026?
Florida 2026 FHA loan limits vary by county: Miami-Dade, Broward, Palm Beach, Monroe: $621,000 (high-cost). Collier (Naples): $702,000. Most other FL counties: $498,257 (standard limit). Monroe County (Florida Keys) has the highest limit at $929,200 due to extreme real estate costs.
→ Get pre-approved for an FHA loan in FL todayDoes Florida have special mortgage programs for veterans?
Yes. Beyond the federal VA loan (0% down, no PMI, rates from 6.09%), Florida offers veterans the Hometown Heroes program (up to $35K DPA), Salute Our Soldiers Military Loan Program (below-market rates + $5,000 DPA), and some counties offer additional local veteran grants. VA loans in FL had a 0.15% lower default rate than national average in 2025.
What credit score do I need for a Florida mortgage in 2026?
Minimum credit scores for FL mortgages 2026: FHA loan = 580 (3.5% down) or 500 (10% down); Conventional = 620; VA = no official minimum (most lenders require 580+); USDA = 640; FL Hometown Heroes = 640; Jumbo loans = typically 700+. For the best rates (6.51% range), you'll need 760+.
People Also Ask: Florida Mortgage Questions
More common FL homebuyer questions for 2026.
Is Florida a good state to buy a home in 2026?
What is the debt-to-income limit for Florida mortgages?
Can I get a mortgage in Florida with a 580 credit score?
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