The Most Recent Florida Mortgage Rates for Your Home Loan or Refinance
If you’re looking to live in paradise, sunny Florida could be the perfect place for you to call home. From breathtaking beaches of white sand and clear water, to the hustle and bustle of colorful Miami, there is something for everyone in Florida. For new homebuyers or those who are looking to refinance their existing Florida mortgage, Aspire Lending is a certified Florida mortgage lender with expertise in Florida home loans. Our direct connection to the most up to date Florida mortgage interest rates can help you choose when it’s the right time to apply for a mortgage or refinance. Bookmark and refer back to this page often if you are interested in securing a low rate mortgage in Florida, as rates are subject to change. Wondering what kind of mortgage you should get in Florida? Check out our guide below to common Florida mortgages and see which you might qualify for. If you’re already a Florida homeowner, use this guide to find the most recent Florida refinance rates.
TODAY'S FLORIDA INTEREST RATES: MORTGAGE REFINANCE*View APR disclosure.
Conventional Refinance
Conventional Refinance 15 Year - Fixed
Interest* APR*
Conventional Refinance 20 Year - Fixed
Interest* APR*
Conventional Refinance 30 Year - Fixed
Interest* APR*
Home Equity / Cash Out Refinance
Home Equity / Cash Out 15 Year - Fixed
Interest* APR*
Home Equity / Cash Out 20 Year - Fixed
Interest* APR*
Home Equity / Cash Out 30 Year - Fixed
Interest* APR*
FHA Streamline Refinance
FHA Streamline 15 Year - Fixed
Interest* APR*
FHA Streamline 30 Year - Fixed
Interest* APR*
VA Interest Rate Reduction Refinance Loan (IRRRL)
VA IRRRL 15 Year - Fixed
Interest* APR*
VA IRRRL 30 Year - Fixed
Interest* APR*
USDA Streamline Refinance
USDA Streamline 30 Year - Fixed
Interest* APR*
Jumbo Refinance
Jumbo Refinance 30 Year - Fixed
Interest* APR*
TODAY'S FLORIDA INTEREST RATES: MORTGAGE PURCHASE *View APR disclosure.
Conventional Purchase
Conventional Purchase 15 Year - Fixed
Interest* APR*
Conventional Purchase 20 Year - Fixed
Interest* APR*
Conventional Purchase 30 Year - Fixed
Interest* APR*
FHA Purchase
FHA 15 Year - Fixed
Interest* APR*
FHA 30 Year - Fixed
Interest* APR*
VA Interest Rate Reduction Purchase Loan (IRRRL)
VA IRRRL 15 Year - Fixed
Interest* APR*
VA IRRRL 30 Year - Fixed
Interest* APR*
USDA Purchase
USDA 30 Year - Fixed
Interest* APR*
Jumbo Purchase
Jumbo Purchase 30 Year - Fixed
Interest* APR*
Florida Rate and Term Option Mortgage Refinance
If you refinance your Florida mortgage to adjust the interest rate and term, it can be a very simple way to save money. A conventional refinance of your Florida mortgage loan offers the flexibility to adjust your mortgage payment amount or reduce the total interest you will pay over the loan term. We offer low rates for your Florida home loan refinance at Aspire Lending. Come back to this page to check current interest rates and let us know when you are ready to refinance your Florida mortgage with a conventional rate and term refinance.
Loan Qualification Guidelines:
Conventional Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes (for 80% LTV and above)
Florida Home Equity Loan
Florida home equity loans are a great way for homeowners in this state to transform the value in their home to liquid cash. You may consider taking out a Florida home equity loan to free up cash for paying bills, make home improvements, or finance a different large purchase. Aspire Lending has the latest Florida mortgage rates including the most recent Florida home equity loan rates. Bookmark our website and check back often to see when Florida home equity loan rates change so that you can ensure you get the best deal possible.
Loan Qualification Guidelines:
Home Equity Loan
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Florida Cash Out Refinance
A cash out refinance is useful for homeowners who are looking to refinance their existing Florida mortgage and take cash out of their earned home equity. A Florida cash out refinance allows you to take advantage of the equity you've built up in your home and pay a lower interest rate. If you are interested in seeing the latest Florida mortgage refinance rates check this page often.
Loan Qualification Guidelines:
Cash Out Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 45%
- Mortgage Insurance: No
Florida FHA Loan: Streamline Refinance
The streamline refinance loan is a type of Florida FHA loan that allows you to lower your FHA interest rate. Lowering your Florida FHA loan rate with Aspire is a simple and quick refinance process, and it might be right for you if you believe there is room to reduce your interest rate on your current Florida FHA mortgage. FHA loans are backed by the US Federal Housing Administration and they do not require an appraisal. Aspire Lending is a Florida FHA-approved lender.
Loan Qualification Guidelines:
FHA Streamline Refinance
- Minimum FICO Credit Score: 640
- Maximum Loan to Value: 95%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Florida VA Loans: IRRRL
United States military veterans who live in Florida can potentially benefit from an interest rate reduction refinance loan on their current VA mortgage. Check back with Aspire Lending often for the most updated Florida VA loan rates.
What is a VA IRRRL loan?
An IRRRL loan, more accurately referred to as an IRRRL, is a loan which meets the United States Veterans Administration’s threshold to have its monthly payment lowered or stabilized. IRRRLs are only offered to those who already have a loan through the VA.
Loan Qualification Guidelines:
VA IRRRL
- Minimum FICO Credit Score: 660
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Florida USDA Loans: Streamline Refinance
A Florida USDA Streamline Refinance loan will allow you to refinance your current Florida USDA loan to more favorable terms. The USDA does not require an updated appraisal to refinance a Florida USDA mortgage to a lower interest rate and payment. Many Florida homeowners with USDA rural properties utilize the opportunity to get a streamline refinance to save them money on their mortgage payments and interest. Aspire Lending offers great rates on USDA streamline refinance loans in Florida, check this page for the most up to date interest rates.
Loan Qualification Guidelines:
USDA Streamline Refinance
- Minimum FICO Credit Score: 620
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Florida Jumbo Loan Refinance
Refinancing your Jumbo mortgage to a lower interest rate can save you a lot of money over the life of the loan. A loan is “Jumbo” if it is for more $647,200, though this number can be changed. Aspire Lending offers some of the lowest interest rates on Florida jumbo loans.
Loan Qualification Guidelines:
Jumbo Refinance
- Minimum FICO Credit Score: 700
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
Conventional Home Purchase
Conventional Florida home loans offer flexible options for home buyers. A conventional Florida home purchase mortgage has a minimum 5% down payment. There is also a conventional first-time home buyers loan program that offers a minimum 3% down payment for Florida mortgage applicants buying a primary residence for the first time.
Loan Qualification Guidelines:
Conventional Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3%-5%
- Maximum Loan to Value: 97%-95%
- Maximum Debt to Income: 45%
- Mortgage Insurance: Yes (for 80% LTV and above)
Florida FHA Loan
A Florida FHA loan is provided by an FHA-approved lender such as Aspire. Florida FHA loans, like all FHA loans, are backed by the US Federal Housing Administration. A Florida FHA loan could be the right option for you if you are looking for a mortgage in Florida, but also need to put less than 10% down. With a minimum down payment amount of 3.5% of the total home purchase price, FHA loans are a great option for first time Florida home buyers. Aspire always has the latest Florida FHA loan rates so check back frequently to see when the right time for you to get a Florida FHA loan could be. The Florida FHA streamline refinance loan allows you to lower your FHA interest rate with a simple and quick refinance process.
Loan Qualification Guidelines:
FHA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 3.5%
- Maximum Loan to Value: 97.5%
- Maximum Debt to Income: 50%
- Mortgage Insurance: Yes
Florida VA Loans
Florida Veterans Administration loans support our armed forced community by helping them secure a mortgage with beneficial VA loan terms such as a lower interest rate or longer term. To qualify for a Florida VA loan, you must be a current or former member of the US armed forces in good status or a qualifying spouse. Aspire Lending is a certified mortgage lender offering Florida VA loans to those who have served or are serving in the armed forces. Check Aspire Lending often for the most updated Florida VA loan rates.
Loan Qualification Guidelines:
VA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: No
Florida USDA Loans
Florida USDA loans are a type of mortgage for residents of Florida who are interested in living in rural and developing locations as identified by the USDA. If that matches your description read on as you may be entitled to seek a Florida USDA loan. The USDA Loan Program is federally backed through the United States Department of Agriculture. As you might expect, USDA loans come with some geographical restrictions along with other caps; such as one on income and another limiting purchases to only single-family homes. If you think you meet the qualifications for a Florida USDA loan, then reach out to Aspire to speak with one of our Florida mortgage specialists. We always have the most recent rates on Florida USDA loans so check back frequently.
Loan Qualification Guidelines:
USDA Loan
- Minimum FICO Credit Score: 620
- Minimum Down Payment: 0%
- Maximum Loan to Value: 100%
- Maximum Debt to Income: 41%
- Mortgage Insurance: Yes
Florida Jumbo Loans
A Florida jumbo loan is for you if you are looking to take out a larger than average loan in the state of Florida. These loans are for an amount greater than $647,200 though this number can be changed. Aspire is a certified Florida mortgage lender offering Florida jumbo loans at the latest rates. Check this page often to see the most recent Florida jumbo loan rates.
Loan Qualification Guidelines:
Jumbo Loan
- Minimum FICO Credit Score: 700
- Minimum Down Payment: 20%
- Maximum Loan to Value: 80%
- Maximum Debt to Income: 43%
- Mortgage Insurance: No
