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Best Mortgage Lenders in Florida December 2024

Looking to dive into the Florida housing market? You’re in luck! The Sunshine State offers various programs designed to help make the dream of homeownership a reality. With a range of Florida mortgages tailored to different needs, these initiatives can be the helping hand you need. Let's explore some of the home loans in Florida to get you on the path to owning your piece of paradise.

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Key Facts

  • Mortgage Types: Purchase, Refinance, Home Equity, Adjustable, Fixed
  • Min. Credit Score: 620
  • APR: Undisclosed
  • NMLS#: 3030

Pros

pros iconClosing costs rolled into loan automatically

pros iconSmartphone app

pros iconSyncs with your bank account for easy application process

pros icon98% of financial institutions supported for digital asset verification

Cons

cons iconCan’t have face-to-face interaction with loan officer; online only

cons iconNo alternative credit data considered

Ro©2000 – 2020 Quicken Loans, LLC. All rights reserved. Lending services provided by Quicken Loans, LLC., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Quicken Loans® (also doing business as Rocket HQ), Rocket Homes Real Estate LLC, and Rocket Loans® are separate operating subsidiaries of Rock Holdings Inc.
Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements. Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680

  • check mark Fast, guided and simplified online process
  • check mark Lock in your rate for 90 days
  • check mark Unique support for first-time homebuyers
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Key Facts

  • Mortgage Types: Purchase, Refinance, adjustable, fixed, jumbo, FHA, VA, and USDA
  • Over $100 billion funded. 21 years in business
  • APR: Undisclosed
  • NMLS#: 1168

Pros

pros iconEasy online application process

pros iconCustomized rates and quick pre-qualification

pros iconDiverse range of loan options

pros iconAccurate quotes given

Cons

cons iconExact rate range undisclosed pre-application

cons icon3% minimum down payment on offer

The advertised rates are current as of 22 September 2024.

AmeriSave Mortgage Corporation, NMLS ID #1168, (www.nmlsconsumeraccess.org), Equal Housing Lender; Corporate Office: 1200 Altmore Avenue, Building 2 – Suite 300, Sandy Springs, GA 30342. Additional licensing information may be found by clicking here on this “Licensing” link. For questions regarding state licensing, please contact (866) 970-7283. Not all products and options are available In all states. Terms are subject to change without notice. Some people portrayed are professional models.

  • check mark Protect your rate while you home shop—Lock & Shop
  • check mark Fast pre approval letter with rate lock protection
  • check mark 20+ years of experience with A+ BBB rating
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Key Facts

  • Mortgage Types: Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, USDA
  • Min. Credit Score: 620
  • APR: Undisclosed
  • NMLS#: 167283

Pros

pros iconRate Lock

pros iconOnline application process

pros iconGood reputation for customer satisfaction

pros iconPre-approval available

Cons

cons iconFees could potentially be high

cons iconNo physical branches available

Rocket Mortgage Disclaimer: ©2000 – 2020 Quicken Loans, LLC. All rights reserved. Lending services provided by Quicken Loans, LLC., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license. Quicken Loans® (also doing business as Rocket HQ), Rocket Homes Real Estate LLC, and Rocket Loans® are separate operating subsidiaries of Rock Holdings Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements.

  • check mark Start with certainty, close with confidence
  • check mark Apply online for free, anytime
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Key Facts

  • Mortgage Types: Purchase, Refinance, Home Equity
  • Min. Credit Score: 620
  • APR: Varies
  • NMLS#: 6606

Pros

pros iconManual underwriting available to evaluate credit

pros iconOne of the few non-bank lenders offering equity lending and reverse mortgages

pros iconCan participate in the entire process online

pros iconEnglish and Spanish-speaking loan officers available

Cons

cons iconNot available in Hawaii or New York

cons iconDoesn’t work with down payment assistance programs in all states

New American Funding Disclaimer:© 2020 Broker Solutions, Inc. DBA New American Funding. All Rights Reserved. Corporate Office: 14511 Myford Road, Suite 100, Tustin, CA 92780.†14 business day guarantee only applies to purchase transactions. This guarantee does not apply to Reverse Mortgages, FHA 203k, VA, Bond, MCC, loans that require prior approval from an investor, or brokered loans.
The guarantee does not apply if events occur beyond the control of New American Funding, including but not limited to; appraised value, escrow or title delays, 2nd lien holder approval, short sale approval, or lender conditions that cannot be met by any party.
The 14 business day trigger begins when the borrower’s initial mortgage application (including income and assets documentation) is complete, and the borrower has authorized credit card payment for the appraisal. If New American Funding fails to perform otherwise, a credit of $250 will be applied toward closing costs.

  • check mark Low down payments required ~3%
  • check mark Dedicated to serving minorities
  • check mark Customizable mortgages for a range of credit scores
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Key Facts

  • Mortgage types: Purchase
  • Min. credit score: 620
  • APR: Undisclosed
  • NMLS#: 46375

Pros

pros iconStreamlined online application process

pros iconAccess to an experienced home loan officer

pros icon$2,000 credit toward closing costs (under the 14-day closing guarantee)

pros iconCurrent standard rates and terms clearly listed online

pros iconOption to complete the closing process remotely (in certain states)

Cons

cons iconSpecific rates and terms not available without completing an application

cons iconLive chat feature is glitchy

cons iconFunding and approval times not clearly listed

Loans Provided by Warp Speed Mortgage, a dba of CalCon Mutual Mortgage LLC NMLS #46375 (www.nmlsconsumeraccess.org); 3838 Camino del Rio N Suite 305, San Diego, CA 92108. Corporate phone (877) 707-2050. For licensing information, go to: www.nmlsconsumeraccess.org © 2013 – 2021 Warp Speed Mortgage By refinancing your existing loan, your total finance charges may be higher over the life of the loan. (Reference: 10 VAC 5-160-60 (F)) All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change without notice. 14 Day Closing Guarantee

  • check mark Digital lender offering a variety of mortgage loans
  • check mark $2,000 credit if the loan doesn’t close in 14 business days
  • check mark Get real-time interest rates & loan programs online without contacting a salesperson
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Key Facts

  • Mortgage types: Purchase, refinance
  • Min. Credit Score: 620
  • APR: 5.4%-7.2%
  • NMLS#: 1681273

Pros

pros iconSecure and private loan application process

pros iconNeat layout and easy navigation

pros icon3-minute application without hard check

Cons

cons iconLimited options for government backed home loans

cons iconCredible doesn’t operate in several large states

cons iconNo face-to-face customer support

cons iconPoor after sale services

Personal Loans Rate and Terms Disclosure: Rates for personal loans provided by lenders on the Credible platform range between 6.94% – 35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Lowest rate advertised is not available for all loan sizes, types, or purposes, and assumes a very well qualified borrower with an excellent credit profile.

To check the rates and terms you may prequalify for, Credible conducts a soft credit pull that will not affect your credit score. If you choose a lender and continue with your application, the lender will usually conduct a hard credit pull that may impact your credit score.

Debt consolidation and credit card refinancing involve using a new loan to pay off your existing balance. This does not eliminate debt, but replaces one debt with another. While personal loan rates generally are lower than credit card interest rates, you may pay more in origination fees and interest over the life of the loan depending on other loan terms. Please consult a financial advisor to determine if refinancing or consolidating is right for you.

Student Loan Rate and Terms Disclosure:  Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Credible.com platform offer fixed rates ranging from 3.49% – 17.99% APR and Variable interest rates from 4.63% – 17.99% APR. Variable rates will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR or SOFR. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include Automatic Payment and Loyalty discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.

Student Loan Refinancing Rate and Terms Disclosure: The lenders on the Credible.com platform offer fixed rates ranging from 3.85% – 11.85% (3.85% – 11.85% APR). Variable interest rates offered by the lenders on Credible.com range from 4.86% – 13.34% (4.86% – 13.34% APR). Variable rates will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Prime Rate of interest as published in the Wall Street Journal (WSJ). The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy cosigners, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include loyalty and Automatic Payment discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements.

*Not all available financial products and offers from all financial institutions have been reviewed by this website

  • check mark Prequalify in just 3 minutes
  • check mark Actual rates from multiple lenders
  • check mark Complete the origination process online
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Key Facts

  • Mortgage Types: Purchase, Refinance, VA, FHA, USDA, Conventional Loans
  • Minimum Credit Score: 620
  • APR: 6.125%-7.002%
  • NMLS#: 1907

Pros

pros iconNo down payment needed

pros iconNo prepayment penalties

pros iconNo PMI

pros iconAvailable in all 50 states

Cons

cons iconVA fee of 2.3% of the purchase price (Veterans receiving compensation for a service-connected disability and select others do not pay the VA Funding Fee.)

cons iconOnly available to veterans, service members, and spouses

cons iconCan only be used for a primary residence

Mortgage Research Center LLC is NOT affiliated with any government agencies, including the VA.
This website has been developed by Mortgage Research Center LLC (MRC) to provide general information about mortgages and related matters. The materials posted in this website are not intended to create, and do not create, any relationship between MRC and the reader or viewer. The process of obtaining a mortgage loan is a serious one and should never be done without a licensed loan originator. This information is not intended to be, and is not valid as, a substitute for a licensed loan originator, licensed loan officer or other licensed lending professional. MRC is not a government agency, nor affiliated with any government agency, including the Department of Veterans Affairs, in any way. Customers with questions regarding our loan officers and their licensing may visit the Nationwide Mortgage Licensing System and Directory for more information.
Individuals featured are actual clients of Mortgage Research Center LLC or its affiliated companies. These individuals are expressing their personal views of Veterans United. The personal views of these individuals reflect their opinions and experiences with Mortgage Research Center LLC or affiliated companies. The individuals shown here may have been compensated by Veterans United or one of its affiliated companies for expressing their opinions relating to their Veterans United experience.

  • check mark A top VA purchase lender for 5+ Years
  • check mark Facilitated more than $16 billion in loans
  • check mark Submit your application to lock in a rate
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Key Facts

  • Mortgage types: Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, HELOC
  • Min. Credit Score: 620
  • APR: Undisclosed
  • NMLS#: 174457

Pros

pros iconCan choose face-to-face interaction by accessing over 150 affiliated loan stores in the United States

pros iconClose on time guarantee of $1,000

pros icon100% digital asset, employment, and income verification available

Cons

cons iconUSDA loans are not available

cons iconMortgage rates not listed on its website

loanDepot Lifetime Guarantee (“Guarantee”) — Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs and down payment assistance programs. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. The Guarantee may only be used by submitting an application directly to loanDepot.

  • check mark Competitive rates
  • check mark BBB-accredited lender with an A+ rating
  • check mark Licensed loan officers available to assist
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Key Facts

  • Mortgage Types: Conforming/Non Conforming, FHA, Portfolio, Home Equity, Refi (cash-out & no cash-out).
  • Min. Credit Score: 620
  • APR: 4.25%-18%
  • NMLS#: 524995

Pros

pros iconFast closing period for a mortgage.

pros iconCashback of up to 3% is available on annual repayments

pros iconThe lender fee of $995 is waived if you hold an Axos Bank checking account

pros iconApplicants with average credit scores are considered for a mortgage

pros iconOffers difficult-to-find mortgages such as super jumbo loans

Cons

cons iconNo physical branches to discuss your mortgage needs

cons iconDiscounts are only available if you have an Axos Bank account

cons iconNo visibility of mortgage rates until after pre-qualification

Axos Bank® offers bank products and services. All deposit accounts through Axos Bank brands are FDIC insured through Axos Bank. All deposit accounts of the same ownership and vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and vesting at Axos Bank. For more information, read our FDIC Notice. Axos Bank NMLS# 524995. For example, if you get approved for a $15,000 loan at 6.99% APR for a term of 72 months, you’ll pay just $256 per month for a total amount of $18,432.

 

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Key Facts

  • Mortgage Types: Purchase, Refinance, FHA, and VA loans.
  • Min. Credit Score: 620, 580 if applying for VA or FHA
  • APR: 6.087%-6.365%
  • NMLS#: 330511

Pros

pros icon100% online-based

pros iconCustomer support available 24/7

pros iconOnline application process

Cons

cons iconTypically need credit score above 620 or 580 for VA & FHA loans.

cons iconIf applying for a loan with a co-borrower, underwriters use the lowest credit score for qualification purposes

© 2024 Better Home & Finance Holding Company and/or its affiliates. Better is a family of companies. Better Mortgage Corporation provides home loans; Better Real Estate, LLC and Better Real Estate California Inc License # 02164055 provides real estate services; Better Cover, LLC sells insurance products; and Better Settlement Services provides title insurance services; and Better Inspect, LLC provides home inspection services. All rights reserved.

Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 3 World Trade Center, 175 Greenwich Street, 57th Floor, New York, NY 10007. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access

Better Real Estate, LLC dba BRE, Better Home Services, BRE Services, LLC and Better Real Estate, and operating in the State of California through its wholly owned subsidiary Better Real Estate California Inc., is a licensed real estate brokerage and maintains its corporate headquarters at 325-41 Chestnut Street, Suite 826, Philadelphia, PA 19106. Here is a full listing of Better Real Estate, LLC’s license numbers. Better Real Estate, LLC provides access to real estate brokerage services via its nationwide network of partner brokerages and real estate agents (“Better Real Estate Partner Agents”). Equal Housing Opportunity. All rights reserved.

New York State Fair Housing Notice

New York Standard Operating Procedures

Texas Real Estate Commission: Information About Brokerage Services | Consumer Protection Notice

Better Settlement Services, LLC. 325-41 Chestnut Street, Suite 803, Philadelphia, PA 19106.

Homeowners insurance policies are offered through Better Cover, LLC, a Pennsylvania Resident Producer Agency. License #881593. 325-41 Chestnut Street, Suite 807, Philadelphia, PA 19106.

Insurance quotes and policies are offered through Better Cover, LLC. A Pennsylvania Resident Producer Agency. License #881593. Here is a full listing of Better Cover, LLC’s license numbers.

Better Inspect, LLC maintains its corporate headquarters at 325-41 Chestnut Street, Suite 846, Philadelphia, PA 19106.

Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC, Better Cover, LLC, Better Connect, and Better Inspect, LLC are separate operating subsidiaries of Better Home & Finance Holding Company. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states.

Any unauthorized use of any proprietary or intellectual property is strictly prohibited. All trademarks, service marks, trade names, logos, icons, and domain names are proprietary to Better Home & Finance Holding Company. Better Home & Finance Holding Company trademarks are federally registered with the U. S. Patent and Trademark Office. Better Cover is a registered trademark with the U.S. Patent and Trademark Office and is owned by Better Cover, LLC.

  • check mark One Day Mortgage. Lock a rate, get a Commitment Letter in 24 hrs. Terms apply.
  • check mark Apply 100% online, on your schedule
  • check mark Close 17 days faster than industry average
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Key Facts

  • Mortgage Types: Purchase, Refinance
  • Min. Credit Score: 580
  • APR: Undisclosed
  • NMLS#: 1016597

Pros

pros iconHome buyers and sellers can save money by using the platform

pros iconCuts down on agent commission fees and offers a refund at closing

pros iconOffers an interest rate matching guarantee or $500 in cash (not available in Nevada)

pros iconCan use a Homie Loan mortgage on any real estate platform, including Zillow and Trulia

Cons

cons iconNo cash refund for buying a home listed on Homie’s platform; cash refund can only be used for closing expenses

cons iconNo financing for 5%-down Jumbo loans or adjustable-rate mortgages (ARMs)

cons iconLimited information available regarding mortgage rates, terms, and fees

Homie Loans, LLC (“Homie Loans”), Investors Title Insurance Agency, Inc. d/b/a Homie Title (“Homie Title”), Daniel Eskelson Insurance Agency Inc. d/b/a Homie Insurance (“Homie Insurance”), and any of Homie Technology Inc.’s affiliated Real Estate Brokerages (Homie We’ve Got Your Back, LLC [Utah] and Homie LLC [Arizona], collectively “Homie”) have a business relationship in that all are owned by Homie Technology Inc., a Delaware Corporation, and that each may refer to you the services of another.

Because of this relationship, the referral of a customer, including you, by any of these affiliated companies to another may provide Homie Technology Inc., Homie, Homie Loans, Homie Title, Homie Insurance, their affiliates, and their employees a financial or another benefit.

You are NOT required to use either Homie Loans, Homie Title, Homie Insurance, or Homie. You may use them individually or together. By using Homie, Homie Loans, Homie Title, or Homie Insurance, you agree that your information may be shared between the two companies regarding the home-buying or home-selling transaction.

  • check mark Expert advisors for guidance and support
  • check mark Save on fees by using Homie Loans for a Homie marketplace
  • check mark Can be used on Zillow and other real estate platforms
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Key Facts

  • Mortgage Types: Purchase, Refinance,
  • Min. Credit Score: 620
  • APR: 6.21%-8.51%
  • NMLS#: 1374724

Pros

pros iconWorks with respectable lenders

pros iconSimply online application process

pros iconBorrowers get access to a dedicated loan officer

pros iconQuick closing times usually

Cons

cons iconNo VA Loans

THE WEB PAGE CONTENT ON OR AVAILABLE THROUGH THIS WEBSITE ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. WE MAKE NO REPRESENTATION OR WARRANTY REGARDING THE WEB PAGE CONTENT OR ITS USE THEREOF. THE WEB PAGE CONTENT ON OR AVAILABLE THROUGH THIS WEBSITE COULD INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS AND COULD BECOME INACCURATE BECAUSE OF DEVELOPMENTS OCCURRING AFTER THEIR RESPECTIVE DATES OF PREPARATION OR PUBLICATION. WE HAVE NO OBLIGATION TO MAINTAIN THE CURRENCY OR ACCURACY OF ANY WEB PAGE CONTENT ON OR AVAILABLE THROUGH THIS WEBSITE.

YOU ACKNOWLEDGE AND AGREE THAT WE ARE NOT, AND SHALL NOT BE, RESPONSIBLE FOR THE RESULTS OF ANY DEFECTS THAT MAY EXIST IN THIS WEBSITE OR ITS OPERATION. AS TO THE OPERATION OF THIS WEBSITE, WE EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WE MAKE NO REPRESENTATION OR WARRANTY THAT (A) THE OPERATION OF THIS WEBSITE WILL MEET YOUR OR ANY OTHER USER’S REQUIREMENTS; (B) ACCESS TO THE WEBSITE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR FREE OF ERRORS, VIRUSES OR OTHER HARMFUL COMPONENTS; OR (C) ANY DEFECTS IN THIS WEBSITE WILL BE CORRECTED. YOU AGREE THAT YOU, AND NOT US, WILL BEAR THE ENTIRE COST OF ALL SERVICING, REPAIR, CORRECTION OR RESTORATION THAT MAY BE NECESSARY FOR YOUR DATA, SOFTWARE PROGRAMS OR COMPUTER EQUIPMENT BECAUSE OF ANY VIRUSES, ERRORS OR OTHER PROBLEMS YOU MAY HAVE AS A RESULT OF USING OR VISITING THIS WEBSITE.

  • check mark Helps you make smarter decisions about financing your home
  • check mark Fully online application process
  • check mark Loan officers are dedicated to assist customers throughout the loan process

Current Mortgage Rates of Florida

Current mortgage rates in Florida are generally a bit higher than the national average:

Fixed-Rate Mortgages:

  • 30-year fixed: 6.99% (average)
  • 15-year fixed: 6.30% (average)

Adjustable-Rate Mortgages (ARMs):

    • 5/1 ARM: 7.16% (average)

These rates fluctuate daily and may vary based on the lender and specific mortgage products. It's always recommended to check with multiple lenders for the most current rates and to consider your financial situation and mortgage needs when choosing a mortgage type.

Florida Housing First Mortgage Loan Program

The Florida Housing First Mortgage Loan Program stands out regarding real estate financing. 

  • Available to: First-time homebuyers across Florida.
  • Income limits: Adjusted per county, ensuring fairness.
  • First-time homebuyers only?: Yes, and for those who haven’t owned a home in three years.
  • Loan options: Many choices, including 30-year fixed-rate loans and government-backed FHA loan, VA, and USDA loans.
  • Down payment and closing cost assistance: Benefit from programs that support your initial investment.
  • Additional notes: Partnering with approved mortgage lenders, you must complete a homebuyer education course. This will help with your lender comparison as you become more knowledgeable.

Florida Assist (FL Assist)

  • Available to: Eligible Floridians embarking on the homeownership journey.
  • Income limits: Based on your county of choice and designed to help those who need it most.
  • First-time homebuyers only?: Not strictly, but they often get the first look.
  • Loan options: This program complements your primary Florida Housing mortgage.
  • Down payment and closing cost assistance: Up to $10,000, interest-free.
  • Other perks: This silent second mortgage supports your purchase until it's time to sell, refinance, or convert the property from your primary residence.
  • Florida Homeownership Loan Program (FL HLP)

The FL HLP might help you determine the best mortgage rates. 

  • Available to: Aspiring homeowners who align with program guidelines.
  • Income limits: Tailored to the unique contours of your local county.
  • First-time homebuyers only?: No exclusions.
  • Loan options: A supplementary loan that acts as a second mortgage up to $10,000 with a manageable interest rate.
  • Down payment and closing cost assistance: Yes, offering a financial cushion repayable over a 15-year term.

HFA Preferred & HFA Advantage PLUS Second Mortgage

  • Available to: Buyers qualifying for HFA loan programs.
  • Income limits: Meet specific program requisites to qualify.
  • First-time homebuyers only?: They're welcome alongside others in the Florida housing market.
  • Loan options: Gain 3% to 5% of your loan amount as a second mortgage.
  • Down payment and closing cost assistance: Forgiven progressively over five years, easing the financial burden.
  • Good to know: Zero monthly payments – some financial room as you settle into your new home.

Conclusion

It's crucial for prospective buyers to stay informed about the daily fluctuations in mortgage rates and to consult with multiple lenders to find the best rates and terms that suit their financial situation. Additionally, completing a homebuyer education course, as some programs require, can provide valuable insights into the mortgage process and help buyers make informed decisions.