Mortgage Rates in Boca Raton, FL
Rates as of May 2026 · Mortgage Capital · NMLS# 1859012 · Licensed Florida mortgage broker
Today's mortgage rates in Boca Raton, Florida start around 6.875% for a 30-year fixed loan, with FHA, VA, and USDA options often pricing lower. Rates move daily with the bond market, so the number you lock matters more than any headline average.
With a median home price near $620,000 in Boca Raton, a 30-year fixed loan with 20% down works out to roughly $3,258 a month in principal and interest before taxes and insurance. As a licensed Palm Beach County mortgage broker (NMLS# 1859012), we shop multiple lenders to find your actual rate, not a teaser.
| Loan Product | Rate | APR | Points |
|---|---|---|---|
| 30-Year Fixed | 6.875% | 6.943% | 0.5 |
| 15-Year Fixed | 6.250% | 6.338% | 0.5 |
| FHA 30-Year Fixed | 6.625% | 7.412% | 0.0 |
| VA 30-Year Fixed | 6.375% | 6.511% | 0.0 |
| USDA 30-Year Fixed | 6.500% | 7.089% | 0.0 |
| Jumbo 30-Year Fixed | 6.990% | 7.050% | 0.5 |
| 5/1 ARM | 6.125% | 6.887% | 0.0 |
| Cash-Out Refi 30-Yr | 7.125% | 7.210% | 0.5 |
Sample rates as of May 2026, for illustration only. Your actual rate depends on credit, down payment, loan amount, and program. Not a commitment to lend.
How mortgage rates work in Boca Raton
Your rate in Boca Raton is set by your credit score, down payment, loan type, and the day you lock, not by your zip code alone. Two buyers across the street from each other can get different rates based on their files.
Because we compare offers from several lenders, we can pinpoint where your Boca Raton scenario prices best. A quarter-point difference on a $620,000 home adds up to thousands over the life of the loan.
Estimated payments at today's rates in Boca Raton
At the median Boca Raton price of $620,000 with 20% down, a 30-year fixed runs about $3,258 per month in principal and interest, while a 15-year fixed runs closer to $4,253. Property taxes and Florida insurance are added on top.
Insurance is the wild card in Palm Beach County. We factor a realistic premium into your payment from the start so the number you qualify for is the number you can actually live with.
Getting the best rate in Boca Raton
The fastest way to a strong rate in Boca Raton is a clean pre-approval: verified income, documented assets, and a credit file with no surprises. We tell you exactly what moves your rate before you lock.
Lock timing matters too. We watch the market daily and lock when the trend favors you, then float-down if pricing improves before closing where the lender allows it.
Frequently asked questions
What are today's mortgage rates in Boca Raton, FL?
A 30-year fixed in Boca Raton is currently around 6.875%, with FHA and VA loans often lower. Your exact rate depends on credit, down payment, and loan type. We give you a real quote, not an average.
How much is a monthly mortgage payment in Boca Raton?
On the median Boca Raton price of $620,000 with 20% down, principal and interest run roughly $3,258 a month on a 30-year fixed, before property taxes and Florida insurance.
Can I get a lower rate with FHA or VA in Boca Raton?
Often yes. FHA and VA loans in Boca Raton frequently price below conventional because they carry government backing. We compare every option for your situation.
How do I lock a mortgage rate in Boca Raton?
Once you are pre-approved and under contract, we lock your rate for a set period, usually 30 to 60 days. We watch the market and time the lock to your advantage.
Do you serve all of Palm Beach County?
Yes. We are a licensed Florida mortgage broker (NMLS# 1859012) serving Boca Raton and all of Palm Beach County, from first-time buyers to investors.