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Orlando Mortgage Rates Today

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Orlando, FL

Current Mortgage Rates in Orlando

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Orlando housing market at a glance

September 2026 data

In Orlando, homes are selling in about 84 days (4 slower than a year ago), sales are up 2.8% from last year, and about 24% of listings have had a price cut.

Median sale price
$399,900
$242 per sq. ft.
Homes sold
5,297
▲ 2.8% vs. 5,154 last year
Days on market
84
vs. 80 days last year
Homes for sale
2,073
137 new listings
Listings with a price cut
24%
500 of 2,073 listings

Source: Movoto Orlando, FL market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Orlando

Monthly payments on Orlando's median home price of $399,900 (September 2026), at today's rates.

20% down · Conventional
$2,918/mo
Down payment
$79,980
Loan amount
$319,920
Rate
7.125%
Principal & interest
$2,155
Est. property tax
$277
Est. homeowners insurance
$486
5% down · Conventional
$3,322/mo
Down payment
$19,995
Loan amount
$379,905
Rate
7.125%
Principal & interest
$2,559
Est. property tax
$277
Est. homeowners insurance
$486
3.5% down · FHA
$3,342/mo
Down payment
$13,997
Loan amount
$392,657
Rate
6.875%
Principal & interest
$2,579
Est. property tax
$277
Est. homeowners insurance
$486

Payments include principal, interest, estimated Orlando property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Orlando?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Orlando property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Orlando's $399,900 median home:

20% down · Conventional$2,918/mo payment $125,056/yrabout $10,421/mo before taxes
5% down · Conventional$3,322/mo payment $142,376/yrabout $11,865/mo before taxes
3.5% down · FHA$3,342/mo payment $143,233/yrabout $11,936/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $319,920 loan (the Orlando median price with 20% down). Every 0.25% is worth about $54/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$1,944$1,996$2,048$2,102$2,155$2,210

Ways to make a Orlando home more affordable

  • Negotiate on price. About 24% of Orlando listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 84 days to sell, 4 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $107 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Orlando mortgage and home buying FAQs

What are mortgage rates in Orlando today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Orlando is 7.125% (7.438% APR), and the 30-year FHA rate is 6.875% (7.699% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Orlando?

On Orlando’s $399,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,918 a month, including principal, interest, estimated Orlando property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,342 a month before monthly mortgage insurance.

How much income do I need to buy a house in Orlando?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $125,056 a year to buy Orlando’s $399,900 median home with 20% down, or about $143,233 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Orlando?

On the $399,900 median home, 20% down is $79,980, 5% down is $19,995, and the FHA minimum of 3.5% is $13,997. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Orlando right now?

In September 2026, Orlando homes sold in about 84 days, 4 days slower than a year earlier. 5297 homes sold, up from 5154 the year before, and about 24% of the 2073 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Orlando?

On a $319,920 loan (the median Orlando home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $54 a month, or about $645 a year.

How much are property taxes in Orlando?

Lower estimates Orlando property taxes at about 0.83% of a home’s value per year. On the $399,900 median home, that’s roughly $3,319 a year, or $277 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Orlando from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Loan officers in Orlando, FL

Local experts who can walk you through today's Orlando rates, your budget and the loan options that fit.

Patrick Srichaiyan

Branch Manager, VP

NMLS ID# 1240386

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About

Kevin Murphy

Branch Manager, VP

NMLS ID# 1006712

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About

Chris Velasquez

Branch Manager

NMLS ID# 388458

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About

Todd Richards

Sr. Loan Officer

NMLS ID# 1000086

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About
See all Orlando loan officers

Find Out Why Orlando Loves Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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Kevin and Gina at Lower made it feel like you aren't just another number to them, but a cherished client and an actual human being. My interactions with both of them brought a very human and personalized experience from start to finish in my ho…me buying and mortgage setup process. Add to the fact that they are both highly skilled, very easy to get ahold of, and will quickly work on any problems you come across made them really stand out to me and I think that's a trait other businesses should adopt with their clients.

Brian O.

Verified Customer

September 22, 2026

5.0

THE GLORY OF OUR LORD AND SAVIOR JESUS CHRIST BEING IN THE MIDDLE OF ALL TRANSACTIONS AND SKILLS HE BESTOWED UPON EVERYONE GIVING ASSISTANCE "THANK YOU SO MUCH. ☺️❤️🙏💯.

Derrik W.

Verified Customer

August 5, 2026

5.0

The transition went smoothly

Marilyn O.

Verified Customer

September 4, 2026

5.0

Professionalism and knowledge

Kevin S.

Verified Customer

August 5, 2026

5.0

Patrick was very helpful and efficient in getting us into our new house in less than a month. He and his team are amazing!

Ruben J.

Verified Customer

August 31, 2026

5.0

Tom was great to work with. He helped explain any of the terms I questioned with patience. He and Michelle got everything done and organized and pushed through so efficiently with my tight time line. Couldn't have done it without them!

Chelsea C.

Verified Customer

September 18, 2026

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