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West Palm Beach FHA Home Loan
FHA loans for West Palm Beach’s historic bungalows, downtown condos and family neighborhoods. In Palm Beach County the insurance quote can decide an FHA approval, so we get it early.
We specialize in West Palm Beach FHA home financing.
West Palm Beach mixes 1920s neighborhoods near the Intracoastal, a downtown full of newer condos, and family subdivisions stretching west. With the median near $425,000 and the FHA limit well above it, FHA reaches most of the city’s entry-level housing.
The local wrinkle is insurance. Palm Beach County carries the highest average homeowners premium among South Florida’s three big counties, and FHA counts every dollar of it in your debt ratio. On Mortgage compares FHA lenders and builds a real insurance estimate into your pre-approval. See all programs on the West Palm Beach mortgage rates page, or call our West Palm Beach mortgage broker team.
Today’s West Palm Beach FHA Mortgage Rate
0.162 points
No points, no credit
0.125 points
$672 lender credit
$713 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 West Palm Beach scenario, no credit pull.
West Palm Beach FHA Loan Benefits: Affordable Homeownership Starts Here
FHA brings 3.5% down at a 580 score, gift funds and more room in the debt ratio than most loans, which is exactly what Palm Beach County insurance costs call for. To show how much the policy matters, here is one $400,000 West Palm Beach house financed with FHA, under three different insurance quotes:
| Annual insurance quote | Principal, interest and MIP | Property tax | Insurance | Total payment | Income needed at a 46.9% ratio, $500 other debts |
|---|---|---|---|---|---|
| $4,200 Newer roof, wind-mitigated | $2,627 | $400 | $350 | $3,377 | $99,000/yr |
| $6,400 Around the county average | $2,627 | $400 | $533 | $3,561 | $104,000/yr |
| $9,500 Older roof, no mitigation credits | $2,627 | $400 | $792 | $3,819 | $111,000/yr |
Live FHA par pricing at 6.375% with the upfront premium financed; homesteaded property tax at Palm Beach County millage. Insurance quotes are illustrative. 46.9% is a commonly cited FHA approval level; automated underwriting may approve higher or lower.
The gap between the first and last rows is larger than the payment difference a full point of interest rate would make on this loan. A wind-mitigation inspection on the house you want, and a quote from more than one carrier, are some of the most valuable things you can do before an FHA offer.
West Palm Beach FHA Loans for First-Time Homebuyers
Starter buyers in West Palm Beach usually choose between a downtown condo and an older house in one of the historic neighborhoods. FHA works for both, with different homework. For a condo, the building must be FHA approved, or the unit approved individually, and newer towers still under developer control often are not yet. For an older house, FHA’s appraisal will look at the roof, electrical, plumbing and any peeling paint on a pre-1978 home.
Rising inventory has given buyers more negotiating room. FHA lets sellers contribute up to 6% of the price, which can cover closing costs and the first year of insurance.
On Mortgage: West Palm Beach FHA Loan Experts
With a lively downtown, historic neighborhoods and growing family communities, West Palm Beach offers real value for FHA buyers in Palm Beach County. Historic homes in Northwood, Old Northwood and Flamingo Park are a particular specialty: many are wood-frame houses from the 1920s with charm and quirks. FHA can finance them, and if they need updating, a 203(k) can fold the work into the loan. Historic district rules may affect what you can change, so check with the city before planning exterior work.
Mortgage insurance at the city median:
| $425,000 purchase | Base loan | Upfront MIP (1.75%, financed) | Monthly MIP | How long MIP lasts |
|---|---|---|---|---|
| 3.5% down | $410,125 | $7,177 | $188 (0.55% a year) | Life of the loan |
| 5% down | $403,750 | $7,066 | $168 (0.50% a year) | Life of the loan |
| 10% down | $382,500 | $6,694 | $159 (0.50% a year) | 11 years |
FHA premium schedule at West Palm Beach’s median price.
2026 FHA Loan Limits for West Palm Beach
As part of Palm Beach County, West Palm Beach shares the Miami metro area’s higher FHA limits for 2026:
| Palm Beach County, 2026 | FHA loan limit | Highest price at 3.5% down |
|---|---|---|
| Single-family, condo or townhome | $667,000 | $691,100 |
| Two-unit | $853,900 | $884,800 |
| Three-unit | $1,032,150 | $1,069,500 |
| Four-unit | $1,282,700 | $1,329,200 |
Palm Beach County FHA base loan limits for 2026, by unit count.
Neighborhood Access & Value
FHA-friendly areas include Northwood, Old Northwood and Flamingo Park, with historic homes close to downtown, and the subdivisions west of I-95 with newer houses and townhomes. Condos and townhomes are available downtown, around The Square and along the waterfront in the 33401 ZIP code, where FHA eligibility is decided building by building.
Market Snapshot
West Palm Beach’s median reached about $425,000 by mid-2026, up roughly 4% to 6% year over year, while rising inventory gave FHA buyers more negotiating room. We compare FHA with conventional loans for each buyer, including the insurance picture for the specific home.
Why FHA Loans Work for West Palm Beach Buyers
Moderate pricing, historic charm and FHA-accessible communities make West Palm Beach well suited to first-time buyers and families.
Insurance built in
Approvals based on a real quote, not a guess.
Historic homes
FHA and 203(k) for 1920s houses.
Downtown condos
Building approval checked first.
Frequently Asked Questions: FHA Loans
Why does insurance matter so much for a West Palm Beach FHA loan?
FHA qualifies you on the full monthly payment, including homeowners insurance, and Palm Beach County’s premiums are among Florida’s highest. A lower quote can raise the price you qualify for as much as a meaningfully lower interest rate.
Can I use FHA on a historic Northwood or Flamingo Park home?
Yes. The home must meet FHA’s safety and soundness standards, and an FHA 203(k) can finance needed updates. Historic district guidelines may apply to exterior changes.
Are downtown West Palm Beach condos FHA approved?
Some are. Newer buildings under developer control and buildings with high investor ownership often are not. We check the specific building.
What is the FHA limit in West Palm Beach for 2026?
Palm Beach County’s one-unit FHA limit is $667,000, with higher limits for two to four units.
How do I lower my insurance quote?
A newer roof, impact-rated windows and doors, and a wind-mitigation inspection documenting roof straps and roof shape all earn credits. Getting quotes from more than one carrier helps too.
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On Mortgage will compare FHA lenders, build a real insurance estimate into your approval and check the condo or house you choose. Call or start online today.