West Palm Beach Mortgage Rates

Financing a home in West Palm Beach

Palm Beach County spans an unusually wide price range: ultra-luxury properties on Palm Beach island and in Jupiter and Boca Raton, mid-priced neighborhoods in West Palm Beach, Lake Worth and Boynton Beach, and more affordable inventory in Wellington, Royal Palm Beach and the Glades communities. Jumbo and super-jumbo financing is routine at the top end, often with portfolio lenders offering adjustable-rate structures.

The county's 55-plus communities and gated golf developments carry HOA dues, club memberships and sometimes mandatory equity fees. Mandatory club and HOA dues count toward the debt-to-income ratio; optional memberships generally do not. Confirm which are required before relying on a payment estimate.

Coastal and Intracoastal properties sit in flood zones, and wind insurance costs rise east of I-95. Older condos in Boca Raton, Delray Beach and along Singer Island face the same milestone inspection and reserve requirements as the rest of South Florida, and lenders are reviewing structural reports closely. Western communities have lower wind and flood exposure but longer commutes.

West Palm Beach's downtown growth and the arrival of financial firms have pushed prices up, but the county still supports meaningful first-time buyer activity, particularly with FHA financing. County and state down-payment assistance programs open and close as funding allows, so ask us about what is currently available.

Florida charges documentary stamp tax of $0.35 per $100 (0.35%) on the promissory note and intangible tax of $0.002 per dollar (0.2%) on the mortgage, in addition to the deed stamp tax of 0.7% typically paid by the seller. These state taxes apply to purchases and refinances and should be included in any break-even calculation.

Florida Housing's Hometown Heroes program, when funded, offers down payment and closing-cost assistance to eligible workers; availability and income limits change, so check floridahousing.org or ask us for the current status.

Rates shown could change or may not be available at commitment or closing.