Palm Beach County · South County
Boca Raton Mortgage Broker
In Boca Raton the questions that decide a mortgage are rarely about credit. They are about club dues, condo reserves, jumbo reserves and how to document income that comes from a business or a portfolio. On Mortgage answers them across a large network of wholesale lenders.
Boca Raton pricing today, conforming to jumbo
$713 lender credit
No points, no credit
0.125 points
0.162 points
$672 lender credit
Par rate per program for a single-family primary residence in Palm Beach County, 20% down, 780+ credit, 30-day lock, escrows included. Rates change through the day and are not a commitment to lend. Price your own Boca Raton scenario, no credit pull.
On Mortgage: Your Trusted Boca Raton Mortgage Broker
On Mortgage is proud to serve Boca Raton, a city known for upscale neighborhoods, highly rated schools and beautiful waterfront homes. Whether you are buying your dream home, refinancing an investment property or exploring the city’s luxury market, we put together financing that fits your circumstances instead of forcing them into a standard box.
Boca Raton buyers often have strong finances that look complicated on paper. A retired executive living on investments, a business owner whose tax returns show a fraction of what the company earns, or a seasonal resident with a home in another state can all be excellent borrowers, but only to a lender whose guidelines are written for them. As an independent broker we can pick that lender from a broad wholesale network instead of sending you to the one bank on the corner.
Start by checking today’s Boca Raton mortgage rates, or price your own purchase or refinance in the Palm Beach County rate finder.
Boca Raton’s Mortgage Broker Offering the Lowest Rates
We specialize in Boca Raton residential mortgages.
The bigger the loan, the more a rate comparison is worth. Jumbo lenders set their own pricing based on how much of that business they want, and on any given day the spread between them can be wide. On Mortgage takes your scenario to many wholesale lenders, compares rate, points, credits and fees, and lays out the options so you can see the cost of each over the years you expect to keep the loan.
We also compare structures. A 30-year fixed rate is the default, but Boca Raton buyers often benefit from looking at an adjustable rate with a long fixed period, an interest-only option that frees up cash flow, or a larger down payment that brings the loan under the conforming limit. Each has trade-offs, and we explain them plainly.
Boca Raton Real Estate Market Overview
As of mid-2026, the median sale price in Boca Raton is around $670,000, and homes typically sell in about 71 days. That median covers a lot of variety:
East Boca and the Intracoastal
Royal Palm Yacht & Country Club, waterfront estates on the Intracoastal and oceanfront condos along A1A. Mostly jumbo loans, with flood insurance, elevation and dock condition part of every file.
Historic and in-town
Old Floresta, Boca Square, Camino Gardens and the streets around Mizner Park mix 1920s and mid-century homes with new construction. Older homes need early insurance quotes and inspections.
Central Boca
Spanish River, Lake Wyman and the neighborhoods near FAU and the hospital offer established single-family homes and townhomes, many within conforming loan limits.
Country club communities
Gated golf communities with full-service clubs, from the large West Boca clubs to smaller ones in the city. Mandatory club dues and initiation fees matter to the lender, see below.
West Boca
Much of what people call West Boca is unincorporated Palm Beach County with a Boca Raton mailing address. Taxes and some rules differ from the city, so check the exact jurisdiction.
Condos and 55+ communities
From downtown condos to age-restricted communities in the west, buildings and associations get a full review. FHA requires the project to be approved.
Financing a home in a Boca Raton country club community
Boca Raton has one of the highest concentrations of private country clubs in the country, and many homes come with a mandatory club membership. That affects your mortgage in three ways.
Dues count in your ratios. Required club dues are treated like HOA dues. Lenders add them to your monthly housing payment, which reduces how much you can borrow. Optional memberships generally do not count.
Initiation or equity fees need cash. A one-time membership fee due at purchase is paid from your own funds and usually cannot be financed into the mortgage. Lenders will want to see the money in your accounts in addition to the down payment and reserves.
The appraisal reflects the club. Values in club communities move with the club’s reputation and fees. Appraisers compare sales within the same community where possible.
Get the club’s fee schedule early, and we will build it into your pre-approval.
Investment Opportunities in Boca Raton
Boca Raton offers solid opportunities for investors, particularly in furnished seasonal rentals and multi-family units. Steady tourism, affluent seasonal visitors and a large professional workforce support rents on luxury homes and vacation properties, and the city’s reputation helps properties hold value. On Mortgage finances investment properties so you can make the most of the market.
Before you buy, read the rental rules carefully. Many Boca Raton condos and HOA communities limit how often and how soon an owner may lease, require a minimum lease term or require new owners to wait before renting at all. Those rules decide whether a property can produce the income you are counting on, and they affect which lenders will finance a unit in that building.
For financing, a conventional investment loan is often the lowest-cost option for buyers whose tax returns show their income. A DSCR loan qualifies on the property’s rent instead and can close in an LLC, which suits investors with several properties. Read more on our DSCR loans page.
What insurance and taxes cost on a Boca Raton home
Palm Beach County’s average homeowners premium is close to double the Florida average, and homes near the water also need flood coverage. That average blends a wide range: a newer concrete home with impact windows west of I-95 can come in well under it, while an older home east of Federal Highway may come in above. Condo owners pay a smaller HO-6 policy but share the cost of the building’s master policy through their dues. Here is the escrow picture on a homesteaded home at the Boca Raton median.
Sources: Florida county homeowners insurance premiums (worthinsurance.com) and county total millage (movewithmomentum.com), updated October 2026. Your own premium depends on the home’s age, roof, construction and wind mitigation features, and flood coverage is a separate policy. Property tax and homeowners insurance are estimates (1.2% and 0.85% of the home’s value per year). Your actual taxes and insurance premium depend on the property, exemptions and the policy you choose, and will be confirmed on your Loan Estimate. Run your own numbers.
Boca Raton Housing Market Forecast
Experts forecast a 3.9% increase in Boca Raton home values over the coming year, supported by steady demand for luxury and waterfront homes. Inventory at the top of the market remains limited, and the city continues to draw high-net-worth buyers, retirees and families relocating from the Northeast for the schools, the lifestyle and Florida’s lack of a state income tax.
Growth at that pace is solid rather than explosive, which favors buyers who purchase at a payment they are comfortable with and hold for the long term. Florida Atlantic University, a busy corporate and healthcare employment base and a Brightline station connecting Boca to Miami and West Palm Beach all support the city’s appeal. On Mortgage provides personalized financing to help you reach your real estate goals, and our refinance team can revisit your loan if rates improve.
Why Choose On Mortgage as Your Boca Raton Mortgage Broker?
Boca Raton deserves a broker who is as comfortable with an asset depletion jumbo as with a first-time buyer’s FHA loan. That range is what OnMortgage offers:
- Jumbo loans, fixed, adjustable and interest-only
- Bank statement and asset depletion loans for owners, investors and retirees
- Conventional mortgages for primary homes and second homes
- FHA loans for first homes and approved condos
- VA loans for veterans
- DSCR loans for investors
- Refinancing and cash-out
We understand Boca Raton, from club dues to condo rules, and we negotiate for the best terms on every loan. Also shopping West Palm Beach, Boynton Beach or Deerfield Beach? Every city we serve is on our areas we serve page.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Javier listened to our story and made a recommendation that has led my wife and I to an improved financial lifestyle. No more shopping around. Javier has a lifetime customer here!”
“I’ve done 22 loans with about 12 different lenders over the last 20 years and Chris is the best. He gets great rates with no headaches and you never have to worry about getting the job done quickly. He always delivers.”
“We cannot say enough amazing things about Caroline! As a first-time homebuyer, this was such a huge and exciting milestone for us, and we’re so grateful that we had her by our side throughout the entire process. Caroline was incredibly knowledgeable, patient, responsive, and supportive from beginning to end.”
Boca Raton mortgage broker: your questions
Do country club dues affect how much I can borrow in Boca Raton?
Yes, if the membership is mandatory. Required club dues are added to your monthly housing payment along with HOA dues, taxes and insurance, which lowers the loan amount you qualify for. A one-time initiation or equity fee must be paid in cash at purchase. Get the club’s fee schedule early so we can build it into your numbers.
Can I qualify for a Boca Raton mortgage using my investments instead of income?
Often, yes. Asset depletion programs divide eligible investment and retirement balances over a set number of months to create qualifying income. They are popular with retirees and business owners between liquidity events. Requirements differ by lender, especially on jumbo loans, which is why comparing several matters.
Is “West Boca” part of the City of Boca Raton?
Much of it is not. Many communities west of the city limits have a Boca Raton mailing address but sit in unincorporated Palm Beach County. That changes the property tax rate and some local rules, though the lending process is the same. Your title company and the property appraiser’s website will show the exact jurisdiction.
Can I rent out my Boca Raton condo?
It depends on the building. Many Boca Raton condominiums and HOAs limit the number of leases per year, require minimum lease terms or make new owners wait before renting. Read the declaration and rules before you buy. Leasing restrictions and the share of rented units also affect which lenders will finance the unit.
How much do I need down for a jumbo loan in Boca Raton?
Many jumbo lenders allow 10% to 20% down for a primary residence, depending on loan size, credit score and reserves. Larger loans and second homes usually need more. Jumbo lenders also require several months of payments in reserve after closing. We compare lenders to find the lowest down payment and best pricing for your profile.
Why use a Boca Raton mortgage broker instead of a private bank?
Private banks can offer relationship pricing, but only on their own products and often only if you move assets to them. A broker compares many lenders, including jumbo and asset-based specialists, without requiring you to move your money. Sometimes the private bank wins, and we will tell you when it does.
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Contact OnMortgage: Boca Raton’s Leading Mortgage Broker
From a club community in West Boca to a waterfront home east of the Intracoastal, our brokers will compare lenders and guide you through every step. Get a free quote today.