Miami Mortgage Rates & Home Loans
Freedomstar Financial offers competitive mortgage rates on conventional, FHA, VA, and jumbo home loans in Miami, Florida (License #LO135517). Miami-Dade County uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home. Loans above that amount are financed as jumbo loans, which are common given Miami price points.
Miami is a high-demand, internationally driven market with strong second-home, luxury, and investment activity alongside primary-home purchases. Jumbo and DSCR financing both see heavy use here.
Today's Miami Mortgage Rates
Live best-execution Florida rates from our lender network — as of July 21, 2026 at 11:15 AM PDT.
Conventional 30-Yr Fixed
6.000%
APR 6.101%
FHA 30-Yr Fixed
5.490%
APR 5.602%
VA 30-Yr Fixed
5.625%
APR 5.741%
DSCR Investor 30-Yr
6.875%
APR 6.988%
Rates subject to change. See Rate Assumptions.
Miami Home Loan Facts
Median Home Price
~$640,000
Curated Miami estimate.
2026 Conforming Limit
$832,750
Miami-Dade County baseline reference.
County
Miami-Dade County
Loan limits are set at the county level.
Loan Limits & Market
Miami-Dade County uses the 2026 baseline conforming loan limit of $832,750 for a one-unit home. Loans above that amount are financed as jumbo loans, which are common given Miami price points.
From Brickell and Coral Gables to the beaches and suburbs, Miami attracts relocating buyers, foreign nationals, and investors. Higher price points push many purchases into jumbo territory, and rental demand supports DSCR investor loans.
Miami Highlights
- Baseline conforming limit of $832,750 (2026)
- Heavy jumbo and second-home activity
- DSCR loans popular for rentals and vacation homes
- Conventional, FHA, and VA options supported
Property Taxes in Florida
Florida has no state income tax. Homeowners who claim a primary residence may qualify for the Homestead Exemption, which reduces taxable value and caps annual assessment increases.
Market facts last updated July 21, 2026.
First-Time Buyer Programs in Florida
Florida Housing HFA Preferred
Conventional first mortgage with reduced mortgage insurance for eligible buyers.
Florida Assist (FL Assist)
Down payment and closing-cost assistance as a deferred second mortgage.
Program availability and terms are set by the administering agency and subject to change. Contact us to confirm current eligibility.
Licensed to Lend in Miami, Florida
Your Miami loans are handled by Ivan Hendren, NMLS #152318. Freedomstar Financial holds an active Florida mortgage license (#LO135517). See our full licensing & disclosures for details.
Meet Ivan HendrenMiami Mortgage FAQ
Do I need a jumbo loan to buy in Miami?
Often, yes. Miami-Dade uses the $832,750 baseline conforming limit, and many Miami purchases exceed it, so jumbo financing is common at higher price points.
Can I get a DSCR loan for a Miami rental or vacation property?
Yes. DSCR loans qualify you on the property’s rental cash flow rather than personal income, which makes them a popular tool for Miami investment and short-term-rental purchases.
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