In 2025's fluctuating market (rates at 6.21%, medians at $580,000), lock in fixed-rate loans for predictable budgeting—perfect for long-term South Florida homeowners.
Lock Your Rate TodayA fixed-rate mortgage keeps your interest rate and monthly principal/interest payments constant for the loan's life. In Miami's 2025 balanced market—with steady appreciation and 6.21% rates—it's the go-to for predictability amid insurance and tax volatility.
September 2025 offers stability: Rates at 6.21% for 30-year fixed, inventory at 5.5 months, and home values up 2.5% YoY. A fixed-rate loan can:
"Fixed-rate mortgages are the cornerstone of long-term Miami homeownership—immune to market swings."
Common options for Miami buyers:
| Type | Description | Best For Miami Buyers |
|---|---|---|
| 30-Year Fixed | Lower monthly payments, longer term. | First-timers or those prioritizing affordability in high-price areas. |
| 15-Year Fixed | Higher payments, lower rate/interest. | High-income buyers building equity quickly in luxury markets. |
| 20-Year Fixed | Balanced term and payments. | Families planning long-term in suburbs like Kendall. |
Get qualified; lock rate for 60-90 days during house hunt.
Submit finances; choose term based on budget.
Verify details; Miami appraisals account for local comps.
Sign and enjoy fixed payments for life.
Miami Tip: Lock early—rates fluctuate with Fed news.
Standard for fixed-rate approval:
We make it easy with digital uploads.
For a $500,000 loan at 6.21%:
| Term | Monthly P&I | Total Interest (Life) | Best For |
|---|---|---|---|
| 30-Year | $3,065 | $603,400 | Lower payments |
| 20-Year | $3,640 | $373,600 | Balance |
| 15-Year | $4,278 | $269,040 | Faster payoff |
Excludes taxes/insurance; savings vs. adjustable rates.
For South Florida stability:
Yes for stability; ARMs risk higher payments later.
Yes, to lower rate or change term—common in dropping markets.
620+ for best rates; we help improve scores.
15-year saves interest but higher monthly; choose based on cash flow.