Rate competition in Orlando: SunTrust/Truist holds the largest HMDA share, but Wells Fargo consistently files lower average APRs for conforming Orlando loans at 80% LTV and 43% DTI. Compare SunTrust/Truist and Wells Fargo Loan Estimates before locking — the gap is typically $56/month on the median loan.
Orlando, Florida: 2026 Market Data
📊 LOCAL MARKET DATA
- Median home price: $390,000
- Year-over-year price change: 7.1%
- FHA loan share: 24.3%
- Conventional loan share: 63.6%
- Property tax rate (Orange County): 1.11%
- Top local lenders: SunTrust/Truist, Wells Fargo, Chase
Data from U.S. Census Bureau, HMDA, county assessor
Mortgage Rate Trends in Orlando: 2026
If you're buying a home in Orlando this year, understanding the local market matters as much as watching national rate headlines. The median home price here sits at $390,000, reflecting a 7.1% increase year over year. That kind of appreciation affects how much you'll need to borrow and, in turn, how sensitive your monthly payment will be to even small shifts in your mortgage rate. How Orlando buyers finance their purchases is worth noting. Conventional loans make up the bulk of activity at 63.6%, while FHA loans account for 24.3%, a meaningful share that suggests many buyers are taking advantage of lower down payment options. The right loan type for you depends on your credit profile, savings, and long-term plans, so it pays to weigh your choices carefully. Don't forget to factor in property taxes when budgeting. In Orange County, the rate is 1.11%, which can add a notable amount to your monthly housing costs. Because rates and terms vary, compare offers from several lenders before committing, and read the fine print on every estimate. Locking in a competitive rate on an Orlando home is easier when you've shopped around and understand the full picture.
Orlando Mortgage Math: $272,000 Loan at Current Rates
Let's run the numbers on a $272,000 loan, which sits near the median financed amount for many Orlando neighborhoods like Conway, Pine Hills, and parts of east Orange County. At a sample 6.5% fixed rate on a 30-year term, your principal and interest lands around $1,719 per month. But that's only part of the picture in Central Florida. Add roughly $300 to $400 monthly for property taxes, depending on whether you qualify for the homestead exemption, and Florida's homeowners insurance premiums can easily tack on another $250 to $400 given hurricane exposure. Realistically, your all-in payment could approach $2,400. If you put less than 20% down on a conventional loan, factor in private mortgage insurance too. The takeaway: Orlando buyers should always budget beyond the rate quote. Insurance and taxes here can swing your true cost by hundreds of dollars, so get a full payment breakdown before falling in love with a listing.
