It’s a pretty important first step to get pre-approved for a mortgage in Florida before you start looking for a new home. A pre-approval is a a letter from the lender showing that they have verified your documents, income, credit score and other factors and can confirm that you can afford a specific amount of money to spend on your home.
Mortgage Rates as of September, 5 2026 | See Rate Assumptions | Rate Terms Explained
Rate Table Assumptions
Conventional Rates shown assume a purchase transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than or equal to 96.5%; a minimum FICO score of 740, lock days at 15.
Term
Loan Amount
LTV
Points
30yr Fixed Conv.
$375,000
75.0%
1
15yr Fixed Conv.
$375,000
75.0%
1
30yr Fixed FHA
$289,500
96.5%
1
15yr Fixed FHA
$289,500
96.5%
1
30yr Fixed VA
$300,000
100.0%
1
15yr Fixed VA
$300,000
100.0%
1
30yr Fixed Jumbo
$900,000
75.0%
1
15yr Fixed Jumbo
$900,000
75.0%
1
30yr Fixed USDA
$275,000
100.0%
1
Rates may be higher for loan amounts under $375,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply. Ask for details.
Moreira Team | MortgageRight is an Equal Opportunity Lender
“Rate Over X%” Assumptions
Rates shown assume a refinance transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value of 75%; a minimum FICO score of 740; a Loan Term of 360 months; and a loan amount of $375,000 for conforming loans.
Rates may be higher for loan amounts under $275,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply.
Moreira Team | MortgageRight is an Equal Opportunity Lender
Rate Terms Explained
What are Mortgage Points?
Mortgage points, often called discount points, are optional fees that a homebuyer pays at closing in exchange for a reduced interest rate on their mortgage. This process is commonly referred to as "buying down the rate" or a "rate buydown.
What are Lender Credits?
Lender credits are a feature in mortgage financing where the lender agrees to cover some your closing costs in exchange for you accepting a higher interest rate on your loan. This arrangement can make it easier for buyers to afford the upfront costs of purchasing a home.
What is APR?
APR, or annual percentage rate, is a measure of the total yearly cost of borrowing money through a mortgage. Unlike the regular interest rate, which is just the cost of borrowing the principal, the APR incorporates both the interest rate and many of the fees and costs associated with getting your loan.
Rate Feature
Lender Credit
vs
Discount Points
Upfront Costs
Lower (less paid at closing)
Higher (more paid at closing)
Interest Rate
Higher Rate
Lower
Long Term Cost
Higher (more interest paid)
Lower (less interest paid)
Best for...
Short Term Ownership or Cash Strapped
Long Term Ownership or Cash Rich
Don’t confuse a pre-approval with a pre-qualification. A pre-qualification just says that you’re more than likely in good shape to buy a home. But a pre-approval shows any potential sellers and your real estate agent that your lender is willing to actually give you the money to buy a home.
A Florida mortgage pre-approval will show that you can get the money required to buy a home once you agree on the price with the seller. A pre-approval usually makes seller comfortable to negotiate with you. In fact, if you make an offer using a Florida pre-approval letter you just might convince the seller to take the property off the market and reserve it for you. So, before you talk a real estate agent and start house hunting, get pre-approved first. Moreira Team pre-approves buyers everyday. We have a super simple process that can get you pre-approved for a Florida mortgage loan the same day that you contact us.
What Does a preapproval require for a mortgage in Florida?
Your two most recent pay stubs as proof of income received from your employment.
Your two most recent W-2s to show your wage, salary and tax information.
Two most recent bank statements to show that you have the stated down payment.
If you have these documents ready, you can go ahead and apply for a pre-approval. And if you have any questions or concerns, just give us a call, we always have someone ready to help you every step of the way.
What is better than a pre approval for a house?
So, a pre-approval is better than pre-qualification…but what’s better than a pre-approval? Glad you asked! How about an Upfront Approval Guarantee. We offer an Upfront Approval Guarantee to all our customers, it’s basically upfront underwriting and a sure thing when it comes to your home buying power. It makes all your offers as good as cash! Learn more about our Upfront Approval Guarantee.
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