Condo Loan Rates in Florida
What drives condo mortgage rates in Florida, why warrantability matters to pricing, and a sample payment so you can plan. Licensed FL mortgage broker NMLS# 1859012.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
Condo mortgage rates hinge on one thing single-family loans do not: the building. A warrantable condo prices close to a single-family loan, sometimes with a small condo adjustment. A non-warrantable condo costs more because fewer lenders compete for it. Here is how pricing works and what a payment can look like.
How Condo Rates Are Set
Warrantability is the first fork. A building that meets Fannie Mae or Freddie Mac standards unlocks conventional, FHA, and VA pricing near single-family rates. A non-warrantable building routes to a specialty program with a higher rate.
Beyond the building, lenders weigh your credit, down payment, and occupancy type. HOA dues do not change your rate, but they reduce how much home you qualify for.
Illustrative Monthly Payment
The table shows principal and interest on a $332,500 loan at a few illustrative rates. These figures are for planning only — not a rate quote — and exclude taxes, insurance, and HOA dues, which are counted separately in your debt-to-income.
| Rate | Loan Amount | Monthly P&I |
|---|---|---|
| 6.50% | $332,500 | $2,102 |
| 7.00% | $332,500 | $2,212 |
| 7.50% | $332,500 | $2,325 |
| 8.00% | $332,500 | $2,440 |
Illustrative only. Not a rate quote or commitment to lend. HOA dues counted separately in DTI. Call (561) 300-0380 for a personalized quote.
Locking Your Rate
Once the building clears warrantability review and your unit is under contract, locking protects you while you close. Condo files add association document review, so lock for enough days to cover the timeline.
We confirm building approval before you write an offer. See the full picture on our requirements page.
Condo Loan Rates — FAQ
A warrantable condo prices close to a single-family loan, sometimes with a small condo adjustment. A non-warrantable condo costs more because fewer lenders compete for it and the risk is higher. The building’s approval status is the biggest factor.
HOA dues do not change your interest rate, but they are counted in your debt-to-income ratio, which affects how much home you qualify for. Higher dues reduce your buying power even at the same rate.
Buying in a warrantable building is the biggest lever, since it unlocks conventional, FHA, and VA pricing. A higher credit score, a larger down payment, and primary-residence occupancy all help too.
Get a Condo Loan Rate Quote
Warrantable & non-warrantable · Building pre-check · Licensed FL mortgage broker NMLS# 1859012
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.