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Florida

Current Florida Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Florida. Review free, personalized mortgage rates for Florida based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Florida. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Florida as of April 4, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Florida Mortgage Rates Compare?

April 4, 2020

The current average rate for a 30 year fixed rate mortgage in Florida is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Florida Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Florida?

Below we offer valuable insights on the housing market and real estate prices in Florida. Understand how much you need to make to buy a house in Florida, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Florida is affordable for you. We provide this helpful information to help you decide if living in Florida is right for you.

The median home value for Florida is $264,305

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Florida is $47,568

With this income, you could qualify for a $237,874 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Florida is $1,102

The median household income for Florida is $53,921

Based on this income, you can afford a home valued at approximately $299,605

The home price you can afford to buy based on household income in Florida is 113% of the median home value which means housing prices are expensive. Florida ranks 40 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Florida is expensive

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Additional Mortgage Resources for Florida Residents

Mortgage Rates for Florida Cities

Bradenton Mortgage Rates

Cape Coral Mortgage Rates

Clermont Mortgage Rates

Crestview Mortgage Rates

Deltona Mortgage Rates

Fort Lauderdale Mortgage Rates

Gainesville Mortgage Rates

Green Cove Springs Mortgage Rates

Jacksonville Mortgage Rates

Kissimmee Mortgage Rates

Lakeland Mortgage Rates

Miami Mortgage Rates

Naples Mortgage Rates

Navarre Mortgage Rates

New Port Richey Mortgage Rates

Ocala Mortgage Rates

Orlando Mortgage Rates

Palm Bay Mortgage Rates

Panama City Mortgage Rates

Pensacola Mortgage Rates

Port St. Lucie Mortgage Rates

Punta Gorda Mortgage Rates

Sanford Mortgage Rates

Sarasota Mortgage Rates

Spring Hill Mortgage Rates

St. Augustine Mortgage Rates

St. Petersburg Mortgage Rates

Tallahassee Mortgage Rates

Tampa Mortgage Rates

West Palm Beach Mortgage Rates