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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.936%APR 6.973% | 0 pts$0 | $2,303/moP&I $2,303 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.950%APR 6.720% | 0 pts$0 | $2,276/moP&I $2,114 · MI $162 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.066%APR 6.120% | 0 pts$0 | $2,103/moP&I $2,103 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.796%APR 6.834% | 0 pts$0 | $2,270/moP&I $2,270 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.688% | 0 pts$0 | $2,466/moP&I $2,466 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.066% | 6.120% | 0 pts ($0) | $2,952/mo | $59,376 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.055% | 6.110% | 0 pts ($0) | $3,688/mo | $82,573 |
Condo 10% Down | 10% | 720 credit score | 7.256% | 7.428% | 0 pts ($0) | $2,675/mo | $94,059 |
Conventional 10% Down | 10% | 720 credit score | 6.762% | 6.922% | 0 pts ($0) | $2,545/mo | $88,223 |
Conventional 20% Down | 20% | 740 credit score | 6.936% | 6.973% | 0 pts ($0) | $2,303/mo | $71,364 |
Conventional 5% Down | 5% | 700 credit score | 7.064% | 7.546% | 0 pts ($0) | $2,770/mo | $96,890 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.376% | 7.417% | 0 pts ($0) | $3,008/mo | $103,474 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,577/mo | $87,312 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.827% | 7.205% | 0 pts ($0) | $2,761/mo | $99,714 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.796% | 6.834% | 0 pts ($0) | $2,838/mo | $95,859 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,593/mo | $85,676 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.950% | 6.720% | 0 pts ($0) | $2,550/mo | $89,310 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,638/mo | $92,363 |
FHA Streamline Refi | 0% | 640 credit score | 6.070% | 6.842% | 0 pts ($0) | $2,676/mo | $94,147 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.021% | 7.266% | 0 pts ($0) | $2,758/mo | $100,077 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,724/mo | $53,340 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.688% | 0 pts ($0) | $2,312/mo | $73,691 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,347/mo | $73,349 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,532/mo | $77,639 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.310% | 7.086% | 0 pts ($0) | $2,649/mo | $93,938 |
Second Home 10% Down | 10% | 720 credit score | 5.955% | 6.529% | 0 pts ($0) | $2,338/mo | $78,708 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,291/mo | $70,818 |
VA 0% Down | 0% | 700 credit score | 6.072% | 6.317% | 0 pts ($0) | $2,688/mo | $88,916 |
VA Cash-Out Refi | 0% | 640 credit score | 6.076% | 6.446% | 0 pts ($0) | $2,689/mo | $88,970 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.083% | 6.237% | 0 pts ($0) | $2,691/mo | $89,064 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,396/mo | $75,807 |
Frequently Asked Questions
What are today's mortgage rates in 33488, , FL across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 33488, , FL is 6.936% (with an estimated monthly payment of $1,925). Active program rates also include FHA 30-year fixed loans at 5.950% and VA 0%-down fixed loans at 6.072%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 33488, , FL?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 33488, , FL have fluctuated between a low of 6.583% and a high of 7.029%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 33488, , FL?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $435,464 in 33488, , FL, a standard 20%-down Conventional loan requires an upfront cash down payment of $87,093 but keeps your monthly payment lower at $1,925/mo (at 6.936% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,241 (3.5% down) but has an estimated payment of $2,131/mo (at 5.950% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $420,223 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 33488 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 33488 is $806,501. With a typical local home value of $435,464 in , a standard 20%-down mortgage requires a loan size of $348,371. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 33488, , FL impact estimated mortgage payments?
The median home value in 33488, , FL is estimated at $435,464. Buying a typical home here with a standard 20% down payment ($87,093) translates to an estimated starting monthly mortgage payment of $1,925 (principal and interest). Compared to the local area median household income of $70,767 ($5,897/mo), this basic housing payment represents approximately 32.6% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.