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Today’s Pompano Beach Mortgage Rates
Live pricing for Pompano Beach houses, canal homes and beach condos. Whether this will be the place you live year round, a winter home or a rental changes the rate, the down payment and which lenders will even quote it, so we start there.
See Live Pompano Beach Mortgage Rates And Closing Costs!
0.125 points
No points, no credit
$374 lender credit
$672 lender credit
$1,577 lender credit
Par rate per program for a single-family primary residence in Broward 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 Pompano Beach scenario, no credit pull.
Pompano Beach’s Mortgage Broker Offering the Lowest Rates
We specialize in Pompano Beach residential mortgages.
A large share of Pompano Beach buyers already own a home somewhere else. Some are moving down permanently, some will spend November through April here, and some plan to rent the unit out when they are not using it. Each of those is a different loan in a lender’s eyes, and declaring the wrong one is both costly and a problem on the application. We sort out the occupancy first, then shop the lenders that price that occupancy best.
Because we are a broker, one application reaches many wholesale lenders, including some that specialize in second homes and in condos that big banks pass on. Run a scenario in the Broward County rate tool, or read how our Pompano Beach mortgage broker page handles canal and waterfront homes.
Pompano Beach Mortgage Rates Today: Unlock the Best Deals for Your Home Loan
The quoted 30-year fixed of 6.625% (11/9/2026) describes one borrower: someone who will live in the home full time, with 20% down and a score above 780. Change the occupancy and two things move at once, the minimum down payment and the price adjustments lenders add.
Here is what each occupancy requires at a $390,000 purchase, roughly the city’s 2026 median. The payment column uses today’s owner-occupied rate so the loan sizes compare cleanly; second-home and rental pricing will run higher than that, as explained below.
| How you will use it | Typical minimum down | Cash down on $390,000 | Loan amount | Principal and interest at 6.625% |
|---|---|---|---|---|
| Year-round home, conventional | 3% | $11,700 | $378,300 | $2,422/mo |
| Year-round home, FHA | 3.5% | $13,650 | $376,350 | $2,410/mo |
| Seasonal second home, conventional | 10% | $39,000 | $351,000 | $2,247/mo |
| Rental, conventional (one unit) | 15% | $58,500 | $331,500 | $2,123/mo |
| Rental, DSCR (qualified on rent) | 20% | $78,000 | $312,000 | $1,998/mo |
Down payment minimums are common program floors, not guarantees; some lenders ask for more on condos. FHA adds an upfront and monthly premium, and low-down conventional loans add private mortgage insurance, neither of which is shown. Taxes, insurance and association dues are extra.
Why the rate differs by occupancy: Fannie Mae and Freddie Mac charge loan-level price adjustments for second homes and investment properties, and those adjustments grow as the down payment shrinks. A seasonal buyer who puts 25% down instead of 10% often lands a noticeably better price. On a rental, the adjustments are larger still, which is why some investors compare a conventional loan against a DSCR loan that ignores personal income altogether.
Pompano 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 quotes for a Broward owner-occupied single-family loan with 20% equity and strong credit. Second homes, rentals, condos and cash-out loans are priced separately. Price your own Pompano Beach scenario, no credit pull.
Refinancing a Pompano Beach home starts with the same occupancy question. A winter residence keeps second-home pricing on the refinance, and a unit you now rent out full time has to be refinanced as an investment property even if you bought it as a second home. Being accurate here protects you; misstating occupancy on a mortgage is the kind of error lenders audit for.
Common reasons owners refinance here: pulling equity to fund an assessment or a new roof, dropping private mortgage insurance after values rose, or moving a rental from an expensive short-term loan into a 30-year fixed. Our refinance calculator shows the break-even month, and the refinance guide walks through each option.
Pompano Beach 30-Year Mortgage Rates: Long-Term Stability for Homebuyers
Retirees and move-up buyers in Pompano Beach are more likely than most to weigh a 15-year term, especially when part of the purchase is coming from the sale of a northern home. Using an illustrative $415,000 house east of Federal Highway, today’s two fixed terms compare like this:
| $415,000 home, 20% down ($332,000 loan) | 30-year fixed at 6.625% | 15-year fixed at 5.750% |
|---|---|---|
| Monthly principal and interest | $2,126 | $2,757 |
| Total interest over the full term | $433,300 | $164,253 |
| Each 0.25% in rate changes the payment by | about $55 a month on the 30-year | |
Owner-occupied Broward pricing at par; principal and interest only. Flood coverage may be required east of US-1, and taxes, wind and hazard insurance are added to the escrow.
The 15-year saves a large amount of interest but raises the required payment. A middle path many of our clients take: choose the 30-year for its lower required payment and send extra principal each month, keeping the option to stop if income changes. If you plan to pay cash after selling another home, ask about a loan that allows a recast, which lowers the payment after a large principal paydown without a new loan, before you lock.
Pompano Beach Best Mortgage Lenders: Your Trusted Partner in Home Financing
Second-home specialists
Lenders comfortable with seasonal residents, out-of-state primary homes and income from retirement accounts.
Non-warrantable condo lenders
For beachfront buildings with high investor ratios, pending litigation or a large commercial share.
Condo-hotel programs
Units in a rental pool or with hotel services are excluded by agency rules; a few portfolio lenders will finance them.
Waterfront and flood-zone lenders
Experienced with seawall inspections, docks and elevation certificates on canal lots.
Investor and DSCR lenders
Qualify a rental on its lease or market rent; see Pompano Beach DSCR loans.
Pompano Beach FHA Loan Rates: Affordable Homeownership Solutions
FHA only finances a home you will live in as your principal residence, so it is a tool for year-round Pompano Beach buyers, not for seasonal ones. Within that group it works well: 3.5% down at a 580 score or higher, room for higher debt ratios, and gift money for the entire down payment. At the citywide median, the FHA minimum is about $13,650.
West of I-95 and in neighborhoods such as Collier City and Cypress Bend, single-family homes and townhomes are the natural FHA purchases. Along the beach, most condo towers are not on the FHA approved list, so buyers there usually need conventional financing. Our Pompano Beach FHA loan guide covers limits and the approval check.
Find the Best Pompano Beach Mortgage Rates with On Mortgage
Between its beaches, its inlet access and a downtown that keeps adding new housing, Pompano Beach draws year-round families, snowbirds and investors alike. On Mortgage matches each of them with lenders that price their particular situation competitively, for purchases and refinances throughout the city.
Pompano Beach Real Estate Market Overview
Closed sales in Pompano Beach centered close to $390,000 by mid-2026, and listings averaged a little over three months before an accepted contract. That pace gives buyers time to inspect, negotiate repairs and ask for closing-cost help, particularly on older condos where sellers compete with plenty of similar units. Prices vary widely by location: beachfront and Intracoastal homes command far more than the citywide figure, while inland neighborhoods sit below it.
Neighborhoods in Pompano Beach
Each part of the city tends to point toward a different kind of loan, which is useful to know before you start shopping rates.
The beach and A1A
Condo towers and a few single-family streets near the rebuilt pier. Expect association reviews, possible special assessments and a mix of second-home and investor owners.
Harbor Village and Garden Isles
Canal homes with docks and quick inlet access. Flood insurance and seawall condition are part of every loan here.
Palm Aire and Cypress Bend
Golf-course condos, villas and townhomes popular with seasonal residents and retirees, with dues that factor into qualification.
Downtown and inland neighborhoods
Newer apartments and townhomes near the city’s redevelopment area and older single-family homes west of Dixie Highway, where FHA and VA buyers find more choice.
Escrow costs for a Pompano Beach homeowner
Broward is one of Florida’s more expensive counties to insure, and the homestead exemption only applies to a primary residence. A seasonal owner pays property tax on the full assessed value and does not get the cap on annual increases that homesteaded owners enjoy. The estimate below assumes a homesteaded single-family home at the median; for a second home, expect a higher tax line.
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.
Pompano Beach Mortgage Rate Trends
With the market in a more balanced phase, the deciding factors for Pompano Beach borrowers are less about bidding wars and more about carrying costs: rates, insurance and, for condo owners, the reserve funding and structural inspections Florida now requires of older buildings. Buildings that have completed that work are becoming easier to finance, and some lenders are pricing them more favorably as a result.
Rates themselves follow national bond markets, but your price depends on occupancy, down payment and building. We watch Pompano Beach pricing every day so you can lock when the numbers for your specific scenario look right.
Why Choose On Mortgage for the Best Pompano Beach Mortgage Rates?
Buying or refinancing in Pompano Beach involves more moving parts than most markets. This is where we help:
Competitive mortgage rates for family and vacation homes
We quote the winter condo and the year-round house with the lenders that treat each one best.
FHA loans with low down payment options
For year-round buyers in approved condos and single-family homes.
VA loans with exclusive benefits for veterans
No down payment and no monthly mortgage insurance on a primary home.
Refinancing solutions to secure lower mortgage rates
Rate reductions, cash-out for assessments and PMI removal.
Jumbo loans for luxury beachfront properties
Larger Intracoastal and oceanfront purchases; see Pompano Beach jumbo rates.
Answers before you offer
Occupancy, condo eligibility and flood questions settled before your contract clock starts.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Caroline was great. Always responsive and available whenever I needed assistance or had questions. 10/10 would recommend to any veteran or anyone for that matter.”
“We cannot say enough amazing things about Caroline! As a first-time homebuyer, this was such a huge and exciting milestone for us, and we’re so grateful that we had her by our side throughout the entire process. Caroline was incredibly knowledgeable, patient, responsive, and supportive from beginning to end.”
“Highly recommend working with her! She was professional, courteous, and always on time. She is soft-spoken, extremely knowledgeable, and took the time to answer all of my questions with patience and care. She made the entire mortgage process smooth and stress-free.”
Pompano Beach mortgage rates: your questions
Can I get a second-home mortgage on a Pompano Beach condo?
Usually. The test is personal use: you occupy it for some portion of each year, and the unit is not placed in a rental pool or managed as a hotel unit. Conventional second-home loans typically need at least 10% down. The building also has to meet the lender’s condo standards, which many beachfront towers do and some do not; we check before you commit.
Why is my second-home rate higher than the rate advertised?
Advertised rates assume a primary residence with a large down payment. Fannie Mae and Freddie Mac add pricing adjustments for second homes, and more for rentals. A bigger down payment or a higher credit score shrinks those adjustments, and different lenders treat them differently, which is why shopping several lenders matters.
Can I rent out my Pompano Beach home when I am not using it?
A second-home loan allows occasional rental, but if the property will mainly be a rental, it should be financed as an investment property. Short-term rental rules in Pompano Beach and in individual condo associations also apply, so check the association documents before you buy.
Does a Pompano Beach second home get the homestead exemption?
No. Florida’s homestead exemption and its cap on assessed value increases only apply to your permanent residence. A seasonal home is taxed on its full assessed value, which affects the escrow and the payment you qualify on.
How long does it take to close a Pompano Beach purchase?
Around 30 days is typical once the condo questionnaire, appraisal and insurance are in hand. Older condo buildings and waterfront homes can take a little longer, so we order those items early.
More for Pompano Beach borrowers
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Contact On Mortgage for the Best Pompano Beach Mortgage Rates
Year-round home, winter place or rental, tell us the plan and we will price it with the lenders that fit. Call or start a quote today and we will have numbers for you quickly.