Live Miami-Dade pricing · updated 11/9/2026
Today’s Miami Beach Mortgage Rates
Live rates for Miami Beach condos, island homes and second homes, compared across many wholesale lenders, including the portfolio and jumbo lenders that most Miami Beach buildings and price points require.
See Live Miami Beach Mortgage Rates And Closing Costs!
0.125 points
No points, no credit
$374 lender credit
$672 lender credit
$1,577 lender credit
Par pricing for a Miami-Dade single-family primary residence with 20% down and 780+ credit. Condos, second homes and investment properties price differently; set your own scenario on the full rate page. Price your own Miami Beach scenario, no credit pull.
Miami Beach’s Mortgage Broker Offering the Lowest Rates
We specialize in Miami Beach residential mortgages.
On the island, the lowest rate goes to the buyer whose loan lands with the right lender. A conventional lender can only price a condo if the building is warrantable. A jumbo lender prices a Venetian Islands home on its own appetite that month. A foreign national program prices a buyer from abroad on a separate grid entirely. On Mortgage works with all of them, compares their offers on the same day and shows you the rate, points and fees from each.
See your own Miami Beach scenario in the Miami-Dade rate finder, or read how our Miami Beach mortgage broker team handles condo reviews, second homes and investment purchases.
Miami Beach Mortgage Rates Today: Unlock the Best Deals for Your Home Loan
Today’s par rate on a 30-year fixed for a Miami-Dade single-family primary residence, with 20% down and a 780 credit score, is 6.625% as of 11/9/2026. Most Miami Beach loans are not that loan, which is why the rate you are quoted can differ.
| Miami Beach scenario | How it prices against the headline rate |
|---|---|
| Condo in a warrantable building, 25% or more down | Close to the headline rate; conventional condo adjustments mostly fall away at 25% down |
| Condo in a warrantable building, under 25% down | Somewhat higher, with a condo pricing adjustment and mortgage insurance below 20% down |
| Non-warrantable building | Portfolio pricing, usually higher than conventional and with 20% to 30% down |
| Second home you use yourself | A modest adjustment over a primary residence, with as little as 10% down |
| Investment property or rental | Higher than a second home; DSCR loans price separately and qualify on rent |
| Above the Miami-Dade conforming limit | Jumbo pricing set by each lender, often competitive for strong borrowers |
| Buyer without U.S. credit | Foreign national programs with larger down payments and reserves |
Whether you want a fixed rate, an adjustable rate or a government-backed loan, On Mortgage walks you through which of these applies to your purchase and what each costs, before you make an offer.
Miami Beach 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. Condo and cash-out refinances price differently; compare them on the full rate page. Price your own Miami Beach scenario, no credit pull.
Refinancing a Miami Beach property can lower your payment, cut your rate, move an adjustable loan to a fixed one, or turn equity into cash. On the island, two extra questions come first. For a condo, the building has to be eligible for the new lender, and buildings working through their milestone inspections or assessments sometimes are not until the work is done. For a second home or rental, the new loan has to match how the property is actually used.
Owners who bought with a portfolio loan when their building was non-warrantable often refinance into conventional financing once the building qualifies again, which can lower the rate noticeably. Owners facing a large special assessment sometimes use a cash-out refinance to pay it. Our refinance calculator shows the break-even month on any of these.
Miami Beach 30-Year Mortgage Rates: Long-Term Stability for Homebuyers
A 30-year fixed rate gives you the lowest predictable payment and protects you if rates rise, which is why it remains the most popular loan on the island. A 15-year loan carries a lower rate and builds equity much faster, at the cost of a higher monthly payment. Here is the trade-off at the Miami Beach median price, calculated from today’s live rates:
| $630,000 home, 20% down ($504,000 loan) | 30-year fixed at 6.625% | 15-year fixed at 5.750% |
|---|---|---|
| Monthly principal and interest | $3,227 | $4,185 |
| Total interest over the full term | $657,780 | $249,348 |
| Each 0.25% in rate changes the payment by | about $84 a month on the 30-year | |
Principal and interest only, using today’s par rates for a Miami-Dade primary residence. Taxes, insurance and HOA dues are additional; see the escrow figures further down.
Many Miami Beach buyers who expect to sell within seven to ten years also compare an adjustable rate fixed for that period, which often starts below the 30-year fixed. We price all three for your loan.
Miami Beach Best Mortgage Lenders: Your Trusted Partner in Home Financing
There is no single best lender for Miami Beach. There is a best lender for each kind of Miami Beach loan, and we work with all of them:
Agency conventional lenders
For warrantable condos and single-family homes within the conforming limit. Usually the lowest rates on the island when the building qualifies.
Portfolio condo lenders
For buildings with open assessments, high rental shares or litigation. Higher rates and more down, but they lend where others will not.
Jumbo lenders
For island homes and luxury condos above the conforming limit, including interest-only and adjustable options. See Miami Beach jumbo rates.
Foreign national lenders
For buyers without U.S. credit or residency, lending on passports, foreign documentation and verified assets.
DSCR and investor lenders
For rentals where the rules allow, qualifying on the rent. See Miami Beach DSCR loans.
Bank statement lenders
For self-employed buyers whose returns understate their income. See our self-employed loan options.
Miami Beach FHA Loan Rates: Affordable Homeownership Solutions
FHA loans let buyers purchase with as little as 3.5% down and more flexible credit, and FHA rates are often among the lowest available. On Miami Beach, though, FHA has a practical limit: most homes are condos, and an FHA loan can only be used in a condominium project that is on FHA’s approved list. Many island buildings are not.
That does not rule FHA out. Some buildings are approved, approval status changes over time, and single-family homes and townhomes do not need project approval. When FHA is not available, conventional loans with 3% to 5% down can fill the same role for first-time buyers in warrantable buildings. Our Miami Beach FHA loan page explains the approval process and the costs of FHA mortgage insurance.
Find the Best Miami Beach Mortgage Rates with On Mortgage
Miami Beach is a world-famous destination with beautiful beaches, upscale living and an active real estate market. On Mortgage offers competitive Miami Beach mortgage rates and tailored loan options for buyers, investors and homeowners refinancing in this iconic coastal city.
Miami Beach’s Real Estate Market Overview
Sales on the island closed at a median of roughly $630,000 in mid-2026, and the average listing needed around 130 days to find a buyer. That slow pace is mostly a condo story, as buyers weigh each building’s inspections, reserves and dues, and it gives prepared buyers leverage on price and terms. On Mortgage tracks Miami Beach rates every day so you can lock the most competitive option for your purchase or refinance.
Living in Miami Beach
Miami Beach blends big-city energy with tropical ease: walkable neighborhoods, world-class dining and an active nightlife. Whether you are buying a primary residence, a second home or an investment property, the neighborhood shapes the loan.
South Beach
Art Deco condos and boutique buildings, many older and some non-warrantable. Short-term rentals are limited to specific zones, which affects investor financing.
South of Fifth
Luxury towers at the island’s southern tip, mostly jumbo and second-home purchases with substantial reserves.
Flamingo Park & Sunset Harbour
Residential streets with smaller buildings, townhomes and a few houses, popular with full-time residents.
Mid-Beach & La Gorce
Oceanfront condos on Collins Avenue and single-family homes on the golf course and waterways, frequently jumbo.
Venetian & Sunset Islands
Waterfront homes on the causeway islands, where flood insurance and elevation are part of every loan.
North Beach & Normandy Isles
The island’s most affordable area, with older condos and single-family homes, including some FHA and first-time buyer opportunities.
Taxes and insurance on a Miami Beach home
Your rate is one line of the payment. In Miami Beach, insurance and dues are often the bigger variables. For a condo, the building’s wind and flood coverage is paid through HOA dues, which lenders count, and you carry a smaller HO-6 policy. For a single-family home, the figures below apply, plus flood insurance, which nearly every Miami Beach home needs. The example uses the Miami Beach median price with a homestead exemption; second homes and rentals do not receive it.
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.
Miami Beach Mortgage Rate Trends
Mortgage rates move with the national economy, inflation and the bond market, not with Miami Beach real estate. What is local is how the island’s loans price against those national rates. Home values have eased in some areas, especially in older condo buildings working through their required repairs, while Miami Beach as a whole keeps its resilience thanks to its global appeal.
For borrowers, that means two things. First, the gap between warrantable and non-warrantable buildings matters more than the daily movement in rates. Second, a slower market gives buyers room to negotiate seller credits that can buy down a rate. Our team keeps you informed and makes sure you have access to the best Miami Beach mortgage rates available today, and we will tell you when locking makes sense.
Why Choose On Mortgage for the Best Miami Beach Mortgage Rates?
Miami Beach’s market has financing challenges and opportunities all its own. Here is how On Mortgage helps:
Low mortgage rates for luxury and investment properties
Jumbo, second-home and investor pricing shopped across lenders that compete for those loans.
FHA loans with flexible credit requirements
In FHA-approved buildings and for houses and townhomes, from 3.5% down.
VA loans with zero down payment for veterans
No down payment and no monthly mortgage insurance in VA-approved properties.
Refinancing to reduce interest and improve terms
Rate-and-term, cash-out and portfolio-to-conventional refinances when a building becomes eligible.
Jumbo loan options for high-value real estate
Fixed, adjustable and interest-only structures for island homes and luxury condos.
Local expertise
With local knowledge of Miami Beach’s housing market, we match clients with the right programs and the best available rates.
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...”
Miami Beach mortgage rates: your questions
Why is my Miami Beach condo rate higher than the rate I see advertised?
Advertised rates usually assume a single-family primary residence with 20% down and excellent credit. Conventional condo loans with less than 25% down carry a pricing adjustment, second homes and rentals price higher, and non-warrantable buildings require portfolio lenders with their own rates. We show you exactly which adjustments apply to your purchase.
What is a non-warrantable condo and how does it affect my rate?
It is a building that does not meet Fannie Mae and Freddie Mac standards, for example because of pending critical repairs, litigation, a high share of rentals or short-term rental use. Conventional lenders cannot finance it, so portfolio lenders do, usually at higher rates and with 20% to 30% down.
Can I get a second-home rate on a Miami Beach condo?
Yes, if you will use the condo yourself for part of the year and it is not rented full time or managed as a rental. Second-home loans need as little as 10% down and price better than investment loans. The building still has to meet the lender’s standards.
Are FHA loans available on Miami Beach?
For single-family homes and townhomes, yes. For condos, only in projects on FHA’s approved list, and many Miami Beach buildings are not approved. We check the list and the building’s status before you make an offer, and suggest conventional options when FHA is not available.
Should I choose a 30-year or 15-year mortgage in Miami Beach?
A 30-year fixed gives the lowest payment and the most flexibility. A 15-year has a lower rate and saves a great deal of interest but costs much more each month. The comparison table on this page shows both at the Miami Beach median price using today’s live rates.
More for Miami Beach borrowers
Contact On Mortgage for the Best Miami Beach Mortgage Rates
Whether you are buying, refinancing or investing in Miami Beach, On Mortgage brings expert guidance and loan options to fit your needs. Contact our team today to see the best Miami Beach mortgage rates available and get pre-approved.