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Florida MortGAGE Rates

Compare Tropical Financial Credit Union's mortgage rates
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Mortgage New Purchase Rates

Rates effective as of May 16, 2022

15-year
(fixed rate)
4.000%*

Points: 1.000%

4.316% APR**

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.000% interest rate, the APR for this loan type is 4.316%. The payment schedule would be:

  • 179 payments of $1109.53 at a rate of 4.000%
  • 1 payment of $1110.09 at a rate of 4.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.000% interest rate, the APR for this loan type is 4.316%. The payment schedule would be:

  • 179 payments of $1109.53 at a rate of 4.000%
  • 1 payment of $1110.09 at a rate of 4.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
30-year
(fixed rate)
5.000%*

Points: 1.000%

5.189% APR**

What's the rate?*

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.
 
At a 5.000% interest rate, the APR for this loan type is 5.189%. The payment schedule would be:

  • 359 payments of $805.23 at a rate of 5.000%
  • 1 payment of $807.70 at a rate of 5.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. 

What's the APR?**

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.
 
At a 5.000% interest rate, the APR for this loan type is 5.189%. The payment schedule would be:

  • 359 payments of $805.23 at a rate of 5.000%
  • 1 payment of $807.70 at a rate of 5.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. 
15-year Jumbo
(fixed rate)
4.500%*

Points: 1.000%

4.686% APR**

What's the rate?*

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.500% interest rate, the APR for this loan type is 4.686%. The payment schedule would be:

  • 179 payments of $5737.45 at a rate of 4.500%
  • 1 payment of $5737.37 at a rate of 4.500%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. 

What's the APR?**

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.500% interest rate, the APR for this loan type is 4.686%. The payment schedule would be:

  • 179 payments of $5737.45 at a rate of 4.500%
  • 1 payment of $5737.37 at a rate of 4.500%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. 
30 Year Jumbo
(fixed rate)
5.000%*

Points: 1.000%

5.109% APR**

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $4026.16 at a rate of 5.000%
  • 1 payment of $4028.29 at a rate of 5.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $4026.16 at a rate of 5.000%
  • 1 payment of $4028.29 at a rate of 5.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Mortgage Refi Rates

Rates effective as of May 16, 2022

15-year
(fixed rate)
4.000%*

Points: 1.000%

4.316% APR**

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.000% interest rate, the APR for this loan type is 4.316%. The payment schedule would be:

  • 179 payments of $1109.53 at a rate of 4.000%
  • 1 payment of $1110.09 at a rate of 4.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 
 
The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.000% interest rate, the APR for this loan type is 4.316%. The payment schedule would be:

  • 179 payments of $1109.53 at a rate of 4.000%
  • 1 payment of $1110.09 at a rate of 4.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
30-year
(fixed rate)
5.000%*

Points: 1.000%

5.109% APR*

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $805.23 at a rate of 5.000%
  • 1 payment of $807.70 at a rate of 5.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $805.23 at a rate of 5.000%
  • 1 payment of $807.70 at a rate of 5.000%

 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
15-year Jumbo
(fixed rate)
4.500%*

Points: 1.000%

4.686% APR**

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.500% interest rate, the APR for this loan type is 4.686%. The payment schedule would be:

  • 179 payments of $5737.45 at a rate of 4.500%
  • 1 payment of $5737.37 at a rate of 4.500%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.  

What's the APR?**

Important Loan Information 

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 4.500% interest rate, the APR for this loan type is 4.686%. The payment schedule would be:

  • 179 payments of $5737.45 at a rate of 4.500%
  • 1 payment of $5737.37 at a rate of 4.500%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.  
30 Year Jumbo
(fixed rate)
5.000%*

Points: 1.000%

5.109% APR**

What's the rate?*

Important Loan Information
 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $4026.16 at a rate of 5.000%
  • 1 payment of $4028.29 at a rate of 5.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

What's the APR?**

Important Loan Information
 

The information provided assumes the purpose of the loan is to refinance a property as a rate and term refinance, with a loan amount of $750,000 and an estimated property value of $1,000,000. The property is located in Miramar, FL and is within Broward county. The property is an existing single family home and will continue to be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740.

At a 5.000% interest rate, the APR for this loan type is 5.109%. The payment schedule would be:

  • 359 payments of $4026.16 at a rate of 5.000%
  • 1 payment of $4028.29 at a rate of 5.000%


If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
10 Yr “Rapid Refi”
Program (Fixed Rate)
4.74%*
Points: $500

4.885% APR**

What's the rate?*

Important Loan Information
 
This payment stream is based on a first mortgage Rapid Refinance of a loan amount of $75,000 in Miami-Dade County, FL and the assumed credit score is 730. 
 
At a 4.74% fixed rate, the APR for this loan type is 4.885%.    The payment schedule would be: 
 
  • 119 payments of $785.99 at an interest rate of 4.74%
  • 1 payment of  $786.62 at an interest rate of 4.74%
 

Note there are no escrow accounts available for fixed rate first mortgage Rapid Refinance loans, those fees for taxes and insurance would need to be paid in addition to the fixed home equity Rapid Refinance payment. 

What's the APR?**

Important Loan Information
 
This payment stream is based on a first mortgage Rapid Refinance of a loan amount of $75,000 in Miami-Dade County, FL and the assumed credit score is 730. 
 
At a 4.74% fixed rate, the APR for this loan type is 4.885%.    The payment schedule would be: 
 
  • 119 payments of $785.99 at an interest rate of 4.74%
  • 1 payment of  $786.62 at an interest rate of 4.74%
 

Note there are no escrow accounts available for fixed rate first mortgage Rapid Refinance loans, those fees for taxes and insurance would need to be paid in addition to the fixed home equity Rapid Refinance payment. 

Disclosures

* APR = Annual Percentage Rate. The interest rates, annual percentage rates (APRs), points and rebates shown are subject to change without notice. The points reflected above are Discount Points paid to lower your rate. TFCU may also charge origination fees. The actual interest rate, points, and annual percentage rate offered may differ depending on your credit qualifications, credit scores, loan to value ratio, type of property and transaction type, as many factors apply to mortgage loan financing. Rates and points will not be locked until a complete application with all the required supporting documents have been provided and a review of the file has been completed. Rates can be locked for up to 60 days. Minimum Loan amount $40,000. Maximum conforming loan amount is $548,250. Jumbo loans may be available for loans amounts above $548,250 to $2,500,000. Financing is available for second homes and investment properties. Condominium financing is also available for up to 95% of the loan to value ratio for purchases. Some restrictions may apply. Membership eligibility required with $5 minimum in savings.

Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well.

Rates and Offers are subject to change without notice.

Results of the mortgage affordability estimate/prequalification are guidelines; the estimate is not an application for credit and results do not guarantee loan approval or denial. All loans subject to approval based upon creditworthiness, qualifications and collateral conditions. TFCU membership required with $5.00 minimum in savings. Must reside in a state within TFCU lending area. Current TFCU accounts must be in good-standing, not have any type of restrictions, and TFCU loans paid-to-date. Your actual APR will be determined at the time of disbursement and will be based on your creditworthiness. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Other eligibility requirements may apply. Rates and terms are subject to change at any time. Other conditions may apply.