Compare Current Tallahassee, Florida Mortgage Rates

Compare Tallahassee, FL mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Tallahassee.

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

Tallahassee, FL Mortgage Rates as of July 19, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Tallahassee, FL Mortgage Rates

July 19, 2024

Current mortgage rates in Tallahassee, FL are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Tallahassee, FL Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Tallahassee, Florida?

Below we provide helpful information on the real estate market, home prices and housing affordability in Tallahassee. Understand how much you need to earn to afford a home in Tallahassee, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Tallahassee fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Tallahassee is right for you.

The median home value for Tallahassee, FL (Leon County) is $279,988

Based on current mortgage rates and a 10% down payment, you need to make $58,410 per year to buy the median priced home in Tallahassee

With this income, you could qualify for a $251,990 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 Tallahassee is $1,353

The median household income for Tallahassee, FL (Leon County) is $58,966

Based on this income, you can afford a home valued at approximately $282,656

The home price you can afford to buy based on household income in Tallahassee is 101% of the median home value which means housing prices are average. Tallahassee (Leon County) ranks 39 out of 67 counties in Florida and 2,799 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Tallahassee, FL is average


Loan Limits for Tallahassee, Florida

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tallahassee (Leon County) below.

Conforming loan limits for Tallahassee, FL

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Tallahassee, FL

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Tallahassee, FL

1 unit: $726,200

Additional Mortgage Resources for Tallahassee, FL 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