Common questions about Florida mortgage broker services, loan programs, and the home loan process.
This Florida mortgage FAQ answers the most common questions we hear from buyers, first-timers, veterans, and investors across the state. Whether you're wondering about minimum credit scores, how a Florida mortgage broker differs from a bank, or how long pre-approval takes — you'll find straightforward answers below from our licensed team (NMLS# 1859012).
Common Florida Mortgage Questions
A Florida mortgage broker acts as an intermediary between borrowers and lenders. Furthermore, unlike a bank that only offers its own products, a broker shops dozens of lenders to find you the best rate and terms. As a result, borrowers typically access more competitive rates and programs. Mortgage Capital is a licensed mortgage broker in Florida (NMLS# 1859012), however we also have in-house loan programs.
We offer FHA, Conventional, VA, USDA, Jumbo, Down Payment Assistance (including Florida Hometown Heroes), DSCR investment loans, and refinance programs. Additionally, we originate loans across all 67 Florida counties — not just South Florida. Because every borrower's situation is different, we start with a free consultation to match you with the right program.
Most borrowers receive a pre-approval letter the same day. First, complete our 5-minute online application. Then, a licensed loan officer reviews your file and issues your letter — typically within 1–2 business hours. While some lenders take days, our streamlined process means you can make an offer with confidence faster.
The minimum credit score depends on the loan type. For example, FHA loans require a minimum 580 FICO with 3.5% down. Conventional loans typically require 620+. However, VA and USDA loans have flexible requirements. Additionally, we have programs for borrowers with scores as low as 550 — contact us to discuss your specific situation.
Yes. Although we are headquartered in Lake Worth, FL, we are licensed to originate mortgage loans in all 67 Florida counties. Furthermore, our team has experience closing loans from Miami-Dade to Escambia, and from Monroe County in the Keys to Highlands County in Central Florida.
The Florida Hometown Heroes Housing Program provides up to $35,000 in down payment assistance to eligible first-time homebuyers who work as first responders, educators, healthcare workers, or active/veteran military. Additionally, the assistance is a 0% interest deferred second mortgage — meaning no monthly payments until you sell or refinance. Because this program is income-limited, contact us to confirm your eligibility.
First, gather your two most recent pay stubs and W-2s (or 2 years of tax returns if self-employed). Additionally, you'll need your last 2 months of bank statements, a government-issued ID, and your Social Security number. However, to get started with a pre-approval, all we need initially is your basic contact and financial information.
Florida mortgage rates change daily based on market conditions. As of May 2026, 30-year fixed rates are averaging 6.75%–7.00% for qualified borrowers with 20% down. However, FHA and VA rates are typically lower. Because rates are personalized based on your credit score, loan amount, and down payment, contact us for your exact rate quote.