FHA Loan Rates in Florida
See what moves FHA loan rates in Florida, how they stack up against conventional, and the smartest time to lock. Licensed FL FHA mortgage broker NMLS# 1859012.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
FHA loan rates in Florida often sit slightly below comparable conventional rates. The FHA insures the loan, which lowers the lender's risk, so that saving gets passed to you. Your exact rate still depends on your credit score, your down payment, and the day you lock.
What Affects Your FHA Loan Rate?
No two FHA borrowers get the same rate. Lenders price each loan based on a handful of clear factors. Knowing them up front helps you improve your number before you apply.
Credit score carries the most weight. A 660 FICO usually earns a better rate than a 580, even though both qualify for FHA financing. The good news is that FHA rates are far less credit-sensitive than conventional rates, so lower-score buyers still get a fair deal.
Sample FHA Payment by Rate
The table below shows how the rate changes the monthly principal and interest on a $337,750 FHA loan. These figures are illustrations only. They are not a rate quote and do not include taxes, insurance, or monthly MIP.
| Sample Rate | Monthly P&I | Interest Over 30 Yrs |
|---|---|---|
| 6.000% | $2,025 | $391,000 |
| 6.500% | $2,134 | $430,000 |
| 7.000% | $2,247 | $471,000 |
| 7.500% | $2,362 | $512,000 |
Illustrative only. Based on a $337,750 loan over 30 years; excludes property taxes, homeowners insurance, and FHA mortgage insurance premium. Your actual rate and payment will differ. Call (561) 300-0380 for a personalized quote.
How FHA Rates Compare
FHA base rates often look lower than conventional rates on paper. The full picture depends on mortgage insurance, though. FHA charges both an upfront and an annual premium, while conventional PMI cancels once you reach 20% equity.
For a borrower with a 620 score and 5% down, FHA is frequently the cheaper monthly option. For a borrower with a 740 score and 10% down, conventional can win once PMI drops off. We run a free side-by-side so you can see which path actually costs less over your expected time in the home. Compare the math yourself on our FHA loan calculator.
When to Lock Your FHA Rate
Rates move every business day. Once you are under contract on a Florida home, a lock protects your rate for 30 to 60 days while we close. That shields you from market swings during underwriting.
Float-down options exist on some FHA products. If rates fall after you lock, you may still capture the lower number. Ask us about current float-down terms when you lock, and keep an eye on the broader market with our Florida mortgage rates page.
FHA Loan Rates — FAQ
FHA base rates often run slightly below comparable conventional rates because the loan is government-insured. Once mortgage insurance is factored in, the cheaper option depends on your credit score, down payment, and how long you plan to keep the loan. We provide a free side-by-side comparison.
FHA is far less credit-sensitive than conventional financing, but a score of 660 or higher generally earns the most competitive FHA rate. Borrowers at 580 still qualify and still receive a fair rate, just slightly higher than top-tier buyers.
Standard FHA rate locks run 30 to 60 days, which covers a typical Florida purchase timeline. Longer locks are available for new construction. Some products also offer a float-down so you can capture a lower rate if the market improves after you lock.
Get Your Personalized FHA Rate Quote
See your real FHA rate and payment · Licensed FL FHA 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.