Aerial view of Miami Beach and the Miami skyline waterfront

~$650K

Median Sale Price

Cooling

Market Trend

Condo & Jumbo

Popular Loans

50%+

Condo Share

Neighborhoods we serve in Miami:
BrickellCoconut GroveCoral GablesMiami BeachWynwoodEdgewater

Today's Miami Mortgage Rates

Mortgage rates as of 7/15/2026

Miami Mortgage Rates Today: From Brickell Condos to Coral Gables Estates

Miami is one of the most distinctive mortgage markets in the country, and the rate you qualify for here depends heavily on what you're buying. Single-family homes across Miami-Dade generally trade in the high-$600,000s, while the condo market, the beating heart of Brickell, Downtown and Miami Beach, sits much lower, often near the low-$400,000s. On Mortgage prices every scenario against multiple lenders so whether you're financing a Coconut Grove house or a high-rise unit on Biscayne Bay, you see the sharpest rate for your loan-to-value and credit profile, not a one-size-fits-all number.

Financing a Condo in Brickell, Downtown & Miami Beach

Roughly half of Miami's housing stock is condominiums, so condo financing expertise matters more here than almost anywhere. Florida's 2025 condo laws, milestone inspections, mandatory structural reserves and HB 913, have reshaped which buildings are “warrantable” and eligible for conventional financing. On Mortgage reviews the condo questionnaire and reserve study up front, flags buildings likely to face special assessments, and matches you with lenders who will finance the units other brokers walk away from.

Miami condo

Miami Jumbo & Luxury Loans

Waterfront and luxury purchases in Coral Gables, Coconut Grove, Key Biscayne and Miami Beach routinely exceed conforming limits, which puts them into jumbo territory. On Mortgage works with a deep bench of jumbo and portfolio lenders, including options for international and self-employed buyers, so high-balance and interest-only structures are priced competitively. Learn more about FHA options in Miami or how our Miami mortgage broker team secures the best rate for your purchase or refinance.

Miami Mortgage Rates: Frequently Asked Questions

What are today's Miami mortgage rates?

Miami mortgage rates update daily and are shown live at the top of this page. Your actual rate depends on your loan amount, home value (LTV), credit score and whether you are financing a single-family home or a condo. Use the rate tool above to see pricing built for your scenario.

Is it harder to finance a condo in Miami?

It can be. Roughly half of Miami's housing is condominiums, and Florida's 2025 condo laws require milestone inspections and funded reserves. Lenders only finance warrantable buildings, so On Mortgage reviews the condo questionnaire and reserve study up front and matches you with lenders who will finance your unit.

Do I need a jumbo loan to buy in Miami?

Many single-family and waterfront homes in Coral Gables, Coconut Grove and Key Biscayne exceed conforming limits and require a jumbo loan. On Mortgage works with jumbo and portfolio lenders, including options for self-employed and international buyers.

How much down payment do I need in Miami?

It varies by loan type: as little as 3.5% with an FHA loan, 3-5% on many conventional loans, and 0% for eligible VA borrowers. Jumbo and condo purchases may require more. We will show options side by side.

Can On Mortgage help first-time buyers in Miami?

Yes. We help first-time buyers compare FHA, conventional and down-payment-assistance options across Miami-Dade and pre-approve you so you can shop with confidence.

Our Reviews

We Serve the Entire State of Florida

At On Mortgage, we proudly provide mortgage solutions to homebuyers and investors throughout Florida. Here are some of the cities we serve near Miami, but we aren’t limited to these locations:

Boca RatonBoynton BeachCape CoralClearwaterCoral SpringsDavieDaytona BeachDeerfield BeachDoralFort LauderdaleHallandale BeachHialeahHollywoodHomesteadJacksonvilleKendallLauderdale LakesMiamiMiami BeachMiramarOrlandoParklandPembroke PinesPine HillsPlantationPompano BeachPort Saint LucieSaint PetersburgSunriseTallahasseeTampaWest Palm BeachWeston