South Miami-Dade · live pricing
Today’s Homestead Mortgage Rates
Live VA, FHA and conventional rates for Homestead homes, priced across many wholesale lenders. For many buyers here the right comparison is not one rate against another, but one loan type against another, and this page shows both.
See Live Homestead Mortgage Rates And Closing Costs!
$672 lender credit
0.125 points
No points, no credit
$374 lender credit
$1,577 lender credit
Par rate per program for a single-family primary residence in Miami-Dade County, 20% down, 780+ credit, 30-day lock, escrows included. Rates change through the day and are not a commitment to lend. Price your own Homestead scenario, no credit pull.
Homestead’s Mortgage Broker Offering the Lowest Rates
We specialize in Homestead residential mortgages.
The cheapest loan for a Homestead buyer is often not the one with the lowest rate. A VA loan with no down payment, an FHA loan with 3.5% down and a conventional loan with 5% down each come with different insurance, fees and cash to close. On Mortgage prices all of them across many wholesale lenders on the same day and lays out the full monthly cost of each, so the decision is easy to see.
Try your own numbers in the Miami-Dade rate finder, or read how our Homestead mortgage broker team helps military families and first-time buyers.
Homestead Mortgage Rates Today: Unlock the Best Deals for Your Home Loan
The conventional benchmark for 11/9/2026, a 30-year fixed at par for a Miami-Dade home with 20% down and excellent credit, is 6.625%.
Most Homestead buyers are not putting 20% down, so here is the comparison that matters: today’s live pricing on a home at the Homestead median for a buyer with a 660 credit score, using a VA loan, an FHA loan and a conventional loan.
| $485,000 purchase, 660 credit | Conventional, 5% down | FHA, 3.5% down | VA, 0% down |
|---|---|---|---|
| Down payment | $24,250 | $16,975 | $0 |
| Loan amount | $460,750 | $476,215 (includes 1.75% upfront MIP) | $495,428 (includes 2.15% funding fee) |
| Today’s rate | 7.875% | 6.250% | 6.250% |
| Principal and interest | $3,341/mo | $2,932/mo | $3,050/mo |
| Mortgage insurance | $491/mo PMI | $215/mo MIP | None |
| Total before taxes and insurance | $3,832/mo | $3,147/mo | $3,050/mo |
| Mortgage insurance ends | When you reach 20% equity (cancellable) | Usually lasts the life of the loan with under 10% down | Never charged; fee waived with a service-connected disability |
Live pricing for a Miami-Dade primary residence at the Homestead median. VA column assumes first use with no down payment; mortgage insurance estimated from current FHA premiums and private mortgage insurance tables. Taxes, homeowners insurance and HOA dues are additional.
For anyone with VA eligibility, the VA column usually wins outright, because there is nothing down and nothing added each month for insurance. Veterans with a service-connected disability rating generally pay no funding fee at all. Between FHA and conventional, credit score decides most cases, with FHA favored at lower scores.
Homestead Refinance Rates: Refinancing Your Home for Better Terms
$531 lender credit
No points, no credit
$374 lender credit
$672 lender credit
0.049 points
Rate-and-term refinance pricing for a Miami-Dade single-family primary residence with 20% equity and 780+ credit. VA and FHA streamline refinances price differently. Price your own Homestead scenario, no credit pull.
Homestead has a lot of recent buyers, many of whom closed on new construction or with government loans in the last few years. That shapes the most common refinances here:
- VA streamline (IRRRL). Existing VA borrowers can often refinance to a lower VA rate with limited paperwork and usually no appraisal.
- FHA streamline. The FHA version, for existing FHA loans, with reduced documentation.
- FHA to conventional. Once your equity reaches 20%, moving to a conventional loan can end FHA mortgage insurance.
- Buydown expiring. If you bought with a builder’s temporary buydown, your payment steps up after the first year or two. A refinance may make sense if rates have fallen.
Use the refinance calculator to find your break-even month, and see our refinance page for cash-out options.
Homestead 30-Year Mortgage Rates: Long-Term Stability for Homebuyers
A 30-year fixed keeps the payment as low and predictable as possible, which is why most Homestead buyers choose it. A 15-year fixed has a lower rate and builds equity quickly, at a much higher payment. For an illustrative $520,000 newer home in one of Homestead’s planned communities, with 20% down and today’s live rates:
| $520,000 home, 20% down ($416,000 loan) | 30-year fixed at 6.625% | 15-year fixed at 5.750% |
|---|---|---|
| Monthly principal and interest | $2,664 | $3,455 |
| Total interest over the full term | $542,930 | $205,811 |
| Each 0.25% in rate changes the payment by | about $69 a month on the 30-year | |
Principal and interest only at today’s par rates for a Miami-Dade primary residence.
Homestead Best Mortgage Lenders: Your Trusted Partner in Home Financing
Which lender is best depends on who is borrowing and what they are buying. Around Homestead we make these matches most often:
VA specialists
Lenders that close VA loans every week, know the VA appraisal process and price VA aggressively, for Homestead Air Reserve Base families and local veterans.
FHA and first-time buyer lenders
Lenders comfortable with lower credit scores, gift funds and down payment assistance layered on top.
Lenders that beat builder packages
On new construction, outside lenders that can price below the builder’s affiliate even after its incentive, with locks long enough for the build.
Rural and acreage lenders
For homes in the Redland on larger lots, with wells and septic, that some lenders will not touch.
Homestead FHA Loan Rates: Affordable Homeownership Solutions
FHA is one of the most popular loans in Homestead because it fits the market so well: 3.5% down with a 580 credit score, gift funds allowed, flexible debt ratios and rates that are often below conventional. FHA charges an upfront premium of 1.75%, usually financed into the loan, and an annual premium paid monthly.
Newer Homestead homes usually pass FHA appraisals easily. Townhomes that are legally condominiums need an FHA-approved project, and FHA loans must fall within the Miami-Dade FHA limit. The comparison above shows how FHA stacks up against VA and conventional at today’s rates; our Homestead FHA loan page covers the rest.
Find the Best Homestead Mortgage Rates with On Mortgage
Homestead is a growing city known for its history, its location beside the Everglades and its expanding housing market. On Mortgage offers competitive Homestead mortgage rates and loans designed around each household’s plans.
Homestead’s Real Estate Market Overview
Homestead sales closed at a median near $485,000 in mid-2026, with homes averaging about 81 days on the market and going pending in roughly 59. That is a balanced market where buyers have room to negotiate, especially on new construction where builders compete with resale homes. We follow Homestead pricing every business day and will tell you when it makes sense to lock.
Downtown Homestead and Surrounding Areas
Downtown Homestead is being revitalized, mixing historic charm with new amenities. Whether you want to be near the city center or in a quiet suburban neighborhood, the loan follows the property.
Downtown and Krome Avenue
Older homes near the historic center. Expect a four-point inspection and pay attention to roof age for insurance.
Planned communities
Keys Gate, Waterstone and newer subdivisions with HOA dues and, in some, special district charges on the tax bill.
Florida City and the Redland
New construction to the south and agricultural acreage to the west, each with its own lender considerations.
Taxes and insurance on a Homestead home
Homestead pays Miami-Dade insurance rates, among the highest in Florida, but its many homes built after Hurricane Andrew to stronger codes often earn big wind mitigation discounts. A wind mitigation inspection is well worth the cost here. HOA dues and any special district charges come on top. Here is the escrow on a homesteaded home at the Homestead median.
Sources: Florida county homeowners insurance premiums (worthinsurance.com) and county total millage (movewithmomentum.com), updated October 2026. Your own premium depends on the home’s age, roof, construction and wind mitigation features, and flood coverage is a separate policy. Property tax and homeowners insurance are estimates (1.2% and 0.85% of the home’s value per year). Your actual taxes and insurance premium depend on the property, exemptions and the policy you choose, and will be confirmed on your Loan Estimate. Run your own numbers.
Homestead Mortgage Rate Trends
The Homestead market has grown steadily, with median prices up about 3.2% over the past year and homes typically going pending in around 59 days, a balanced pace. Rates follow national markets, but one local trend matters a lot: builder incentives. When rates are higher, builders in and around Homestead lean on rate buydowns to keep sales moving, which can make their affiliated lender look cheaper than it really is over the life of the loan.
Our approach is simple. Get the builder’s offer in writing, and we will compare it with outside lenders on the same day, including what happens to your payment when any temporary buydown ends.
Why Choose On Mortgage for the Best Homestead Mortgage Rates?
South Dade buyers and investors have options here that much of the county no longer offers. This is how we help them use those options:
Competitive mortgage rates for various property types
Houses, townhomes, new construction and acreage, each matched with a lender that wants it.
FHA loans with low down payment options
From 3.5% down, with assistance programs layered in when available.
VA loans with exclusive benefits for veterans
Zero down, no PMI, and the funding fee waived for disabled veterans. See Homestead VA rates.
Refinancing solutions to secure lower mortgage rates
VA and FHA streamlines, FHA-to-conventional and cash-out.
Jumbo loans for high-value properties
For larger homes and estates in the Redland. See Homestead jumbo rates.
A seamless process
With extensive knowledge of the Homestead market, our team keeps the process smooth and low-stress.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Caroline Da Silva from Miami Mortgage Brokers just got us approved for our first mortgage, and we would definitely work with her again after this experience! From the moment our broker connected us with Caroline, she was always several steps ahead throughout the process. We were impressed that Miami Mortgage Brokers had us clear to close a week early,...”
“Chris was outstanding throughout the entire transaction! Always accessible and was able to provide the best financing option when others could not! I would highly recommend him and hope to do more transactions with him.”
“I recently had the pleasure of working with Chris as my loan officer, and I cannot speak highly enough of his exceptional service. He guided me through every step with clarity and patience. What truly sets Chris apart is his remarkable efficiency: not only was he incredibly responsive to my inquiries, but he also expedited the loan process, resulting in the...”
Homestead mortgage rates: your questions
Is VA always the cheapest loan in Homestead?
For eligible borrowers it usually is, because VA requires no down payment and no monthly mortgage insurance, and its rates are typically among the lowest. The one-time funding fee adds to the loan, though veterans with a service-connected disability rating are generally exempt. The comparison on this page shows VA against FHA and conventional at today’s rates.
Is a builder’s rate buydown a good deal?
It can be, but read the terms. A temporary buydown lowers your rate for the first year or two, then it rises to the note rate, and the note rate from a builder’s lender may be higher than the market. A permanent buydown lowers the rate for the life of the loan. We compare the full cost against outside lenders.
Can I refinance my VA loan in Homestead to a lower rate?
Usually, yes, with a VA Interest Rate Reduction Refinance Loan, or IRRRL. It requires less paperwork than a new loan, usually no appraisal, and the new loan must provide a real benefit, such as a lower rate or moving from an adjustable to a fixed rate.
Do newer Homestead homes get lower insurance quotes?
Often. Homes built after Hurricane Andrew under stronger building codes, especially with impact windows and hip roofs, tend to qualify for larger wind mitigation discounts. Miami-Dade premiums are still high overall, so include insurance in your budget from the start.
How quickly do Homestead homes sell?
Homes have been going pending in around 59 days, with an average of about 81 days on the market. That balanced pace usually gives buyers time to inspect, compare loan offers and negotiate, especially on new construction.
More for Homestead borrowers
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Contact On Mortgage for the Best Homestead Mortgage Rates
Whether you are buying, refinancing or investing in Homestead, On Mortgage offers expert advice and tailored loans. Contact our team today to explore the best Homestead mortgage rates and secure the right loan for your goals.