Conventional Rates in Florida
Rates as of May 2026 · Mortgage Capital · NMLS# 1859012 · Licensed Florida mortgage broker
Conventional Loan rates in Florida currently run in the high-6% range for a 30-year fixed, and they price differently than other programs. Conventional pricing is driven heavily by your credit score and down payment, so a strong file earns the best rate.
This page tracks conventional loan pricing for buyers with solid credit and at least 3-5% down, who typically qualify with as little as 3% down for qualified buyers. As a licensed Florida mortgage broker (NMLS# 1859012), we compare lenders to find the real rate for your scenario.
| 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.
What sets Conventional Loan rates
Conventional pricing is driven heavily by your credit score and down payment, so a strong file earns the best rate. That makes a direct rate comparison across programs misleading unless you also account for mortgage insurance, fees, and down payment.
For buyers with solid credit and at least 3-5% down, the headline rate is only part of the cost. We show you the full picture so you can compare a conventional loan against your other options honestly.
Who a Conventional Loan fits
A conventional loan is built for buyers with solid credit and at least 3-5% down. Qualifying usually means as little as 3% down for qualified buyers, plus the credit and income documentation the program requires.
We confirm whether this program is genuinely your lowest-cost path or whether another loan would serve you better before you commit.
Locking your Conventional Loan rate
Once you are pre-approved and under contract, we lock your conventional loan rate and manage the file to closing. We watch pricing daily and time the lock to the market.
Rates move with economic data and Fed policy, so the right lock window matters as much as the right lender.
Frequently asked questions
What are conventional loan rates in Florida?
Conventional Loan rates in Florida are in the high-6% range for a 30-year fixed right now. Conventional pricing is driven heavily by your credit score and down payment, so a strong file earns the best rate.
Who qualifies for a conventional loan in Florida?
A conventional loan is designed for buyers with solid credit and at least 3-5% down, typically with as little as 3% down for qualified buyers. We confirm your eligibility quickly.
Is a conventional loan my cheapest option?
Not always. The lowest headline rate is not always the lowest total cost once insurance and fees are counted. We compare every program for you.
How do I lock this rate?
After pre-approval and a signed contract, we lock your rate for 30 to 60 days and time it to the market.
Are you a licensed Florida broker?
Yes, Mortgage Capital, NMLS# 1859012, a licensed Florida mortgage broker serving all 67 counties.