FHA Mortgage Rates in Florida

Written and reviewed by Shahram SondiFlorida mortgage broker · Certified Mortgage Advisor™ · NMLS 186790 · Originating mortgages since 2001Rate example uses source pricing dated October 16, 2026.

Source timestamp: October 16, 2026 at 10:54 a.m. ET. Rates and costs may change before a rate lock.

Representative fee treatment: APR and cash include the current $1,199 lender administration charge plus a conservative $104 allowance for the source-listed flood, MERS, and tax-service items. Cash-to-close planning also uses dated estimates of $1,525 for title/settlement services and $350 for borrower title. A $500 settlement component of that $1,525 is included once in APR and is not added again to cash. The cash estimate assumes $5,000 in annual property taxes, $2,400 in annual homeowners insurance, three months of each for initial escrow, one year of homeowners insurance paid at closing, and 10 days of prepaid interest calculated on the financed FHA note. Actual third-party charges, tax and insurance amounts, timing, and applicability can differ.

For broader program choices, use the Florida rates page. For a fixed-rate comparison, see the Florida 30-year fixed rate guide.

For a 3.5%-down, 30-year FHA structure, the original loan-to-value ratio is 96.5%. Under HUD's current Handbook 4000.1, Appendix 1.0 (opens in a new tab), a base loan at or below $726,200 with an LTV above 95% carries annual MIP of 55 basis points (0.55%) for the mortgage term. “Annual” is the rate used to calculate the periodic premium, which is generally collected monthly. HUD's periodic-premium method recalculates the amount for each amortization year from that year's average scheduled balance, so the amount can decline as the loan amortizes. See HUD's current monthly premium calculation method (opens in a new tab).

Required mortgage insurance is a finance charge under CFPB Regulation Z (opens in a new tab), so it is among the borrowing-cost inputs reflected in APR and adds to longer-term cost for as long as it applies. APR remains a comparison measure, not the formula for monthly payment. FHA MIP is not conventional PMI; the two follow different rules for price, duration, and possible cancellation.

Even when FHA starts with a lower note rate, financed upfront MIP and mortgage insurance that lasts for the loan term can outweigh that rate advantage over time.

Use the detailed Florida FHA loan guide for qualification rules and program requirements. Here, focus on pricing, payment, mortgage insurance, and the cost of keeping the loan.

See the Florida conventional loan guide for conventional program detail. A planning comparison does not establish qualification or approval.

Separate lender charges, third-party fees, prepaids, points, and credits in the closing-cost guide, then use the Rate Horizon tool to test how long a pricing tradeoff takes to earn back.

• Property taxes vary by county, assessed value, and homestead status.
• Homeowners, wind, and flood coverage depend on the property and carrier.
• HOA or condo dues and assessments belong in the monthly budget.
• Escrow setup and prepaid items affect cash to close, not just the payment.
• FHA property and appraisal requirements can affect whether a home works for the program.

Use the mortgage payment calculator with real tax and insurance estimates for the address. You can also explore our Florida mortgage calculator hub or plan your purchase with the Florida first-time buyer guide.