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Palm Beach County · the Palm Beaches
West Palm Beach Mortgage Broker
Downtown condo towers, 1920s homes in Flamingo Park and El Cid, waterfront estates along Flagler Drive and starter homes west of I-95: West Palm Beach covers a lot of ground. On Mortgage compares a large network of wholesale lenders to finance every part of it.
Today’s Palm Beach County rates from our lenders
No points, no credit
0.125 points
0.162 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.
Your Trusted West Palm Beach Mortgage Broker: On Mortgage
West Palm Beach is known for its waterfront, its culture and a real estate market with something at nearly every price point. At On Mortgage we provide personalized mortgage solutions for people buying a home or an investment property here, built around what each buyer is trying to do rather than what one bank happens to sell.
That last part matters in this city. A large share of West Palm Beach buyers do not fit a standard mortgage box. Some are moving from New York or New Jersey with income from bonuses and equity compensation. Some own businesses and write off a large share of their income. Some are buying a condo in a building that a big bank will not finance. As an independent broker, we are not limited to one lender’s rules, so we can match each of those buyers to a lender that wants that loan.
West Palm Beach’s Mortgage Broker Offering the Lowest Rates
We specialize in West Palm Beach residential mortgages.
Wholesale lenders compete for brokers’ business on price, and a broker can take advantage of that competition in a way an individual borrower cannot. We submit your loan to many lenders, compare their rates and fees on the same day, and show you what each option costs over time, including whether paying points makes sense for how long you plan to keep the loan.
On large loans, the competition is even more valuable. Jumbo pricing varies widely from lender to lender and month to month, because each one decides how much jumbo lending it wants on its books. A difference that looks small as a rate becomes thousands of dollars a year on a West Palm Beach waterfront purchase. We shop it every time.
West Palm Beach Housing Market Overview
As of mid-2026, the median sale price in West Palm Beach is around $425,000. Prices have kept climbing at a healthy 4% to 6% a year, while more homes coming onto the market has shifted negotiating power back toward buyers. That combination is good for a well-prepared buyer: values are still rising, but you no longer have to waive inspections or pay far over asking to get a home.
The median hides a very wide range. Downtown and the waterfront along Flagler Drive draw luxury buyers, while neighborhoods west of I-95 and in the north end of the city remain within reach of first-time buyers using FHA loans and low down payment conventional loans. As your local West Palm Beach mortgage broker, On Mortgage puts the right loan behind whichever part of the market you are shopping.
Experience the West Palm Beach Lifestyle
West Palm Beach is known for its waterfront along the Lake Worth Lagoon, its cultural institutions and a downtown that has grown into a real city center. Whether you are buying a condo near Clematis Street or a family home a few minutes from the water, On Mortgage understands what West Palm Beach buyers need and arranges loans to match.
Downtown
Condo towers and townhomes near Clematis Street, the waterfront, the Brightline station and the Kravis Center. Condo reviews come first; luxury units are often jumbo loans.
Historic districts
Flamingo Park, El Cid, Grandview Heights and Northwood offer Mediterranean Revival and Mission-style homes from the 1920s. Beautiful, but older roofs and systems make insurance a first-week task.
South of Southern
SoSo and the streets near the water south of downtown mix renovated older homes with new construction, and prices climb quickly the closer you get to Flagler Drive.
West of I-95
Palm Beach Lakes and the western neighborhoods offer townhomes, villas and single-family homes at more accessible prices, a strong fit for first-time buyers and VA buyers.
Financing Your West Palm Beach Home
As a local West Palm Beach mortgage broker, On Mortgage structures conventional, FHA, VA and jumbo loans around the area’s mix of waterfront estates, urban condos and historic neighborhoods. The property type usually decides more about the loan than the borrower does:
| Buying | What lenders focus on | How we handle it |
|---|---|---|
| A downtown condo | The association’s reserves, insurance, investor ratio, special assessments and Florida’s required structural inspections | We review the building before you sign and route non-warrantable buildings to portfolio lenders |
| A historic home | Roof age, electrical and plumbing for insurance, and appraisal comparisons in a district with unique homes | Insurance quotes during the inspection period and lenders comfortable with older homes |
| A waterfront or luxury home | Loan size above the Palm Beach County conforming limit, reserves and income documentation | Jumbo pricing shopped across lenders, including interest-only and asset-based options |
| A first home west of I-95 | Down payment, credit score and the full payment with insurance | FHA, VA and conventional from 3% down, with seller credits put to work |
| A rental | Rent versus the full monthly payment | DSCR loans that qualify on rent, with LLC closings allowed |
Check today’s West Palm Beach mortgage rates, explore FHA loan options in West Palm Beach, or see how the area compares on our Florida mortgage rates page.
Moving to West Palm Beach from out of state
West Palm Beach has drawn a steady stream of financial firms and their employees from the Northeast in recent years, earning the area the nickname Wall Street South. Many of these buyers have strong incomes that are structured in ways a standard loan application handles poorly: large bonuses, restricted stock, carried interest or a new job that starts after closing.
The right lender can use a signed offer letter to qualify before your first Florida paycheck, average variable compensation properly, and count investment assets toward reserves or even as income. If you are selling a home up north, we can structure the purchase so you are not carrying two full payments longer than necessary.
Once you own and live in the home, file for Florida’s homestead exemption with the Palm Beach County Property Appraiser. It lowers your taxable value and caps how much the assessed value can rise each year, which is one of the biggest long-term savings of becoming a Florida resident.
Homeowners insurance and property taxes in West Palm Beach
Palm Beach County’s average homeowners premium is the highest of Florida’s major metro counties in our data, close to double the statewide average, so the insurance quote deserves as much attention as the rate. The average blends very different homes: a newer concrete home with impact glass and a recent roof can insure for far less than a 1920s home with original systems. Flood insurance is separate and required in mapped flood zones near the lagoon. The example below uses a homesteaded home at West Palm Beach’s median price.
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.
Future Trends in West Palm Beach Real Estate
The West Palm Beach housing market is expected to stay strong, supported by its location, its quality of life and an economy that has added finance, technology and professional services jobs alongside healthcare and tourism. Continued investment downtown and easy rail connections to Fort Lauderdale and Miami keep the city attractive to people who want an urban lifestyle without the price of Miami.
At the same time, expect the market to keep sorting by building quality and insurance cost. Newer and well-maintained condo buildings that have completed their inspections and funded their reserves should stay in demand, while older buildings facing assessments may offer value to buyers who do their homework. As your dedicated West Palm Beach mortgage broker, we help you navigate the market with confidence, and our refinance team will be here if rates improve after you buy.
Why Choose On Mortgage as Your West Palm Beach Mortgage Broker?
West Palm Beach rewards a broker who can handle the unusual file as well as the routine one. OnMortgage brings both:
- Conventional loans for primary residences, second homes and investment property
- FHA loans for first-time buyers, with 3.5% down
- VA loans for veterans, with nothing down
- Jumbo loans for waterfront homes and luxury condos
- Bank statement and asset-based loans for business owners and investors
- DSCR loans for rental properties
- Refinancing and cash-out
We understand what sets West Palm Beach apart, from condo regulations to relocation income, and we fight for the best terms for first-time buyers and seasoned investors alike. Comparing nearby cities such as Boca Raton or Boynton Beach? See all of them 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.”
West Palm Beach mortgage broker: your questions
Can I qualify for a West Palm Beach mortgage before I start my new job?
Often, yes. Many lenders can qualify you on a signed offer letter for a salaried position that starts within a set window after closing, as long as the job is not with a family member or a company you own. Bonus income usually needs a history before it counts. We will match you with a lender whose rules fit your start date.
How do I finance a downtown West Palm Beach condo?
The lender reviews the building as well as you. Expect questions about the association’s reserves, insurance, rental ratio, any special assessments and the milestone inspections Florida now requires. If the building qualifies, conventional or jumbo pricing applies. If not, portfolio lenders can still finance it, usually with a larger down payment.
Why is homeowners insurance so expensive in Palm Beach County?
Coastal exposure, hurricane history, construction costs and Florida’s insurance market all raise premiums. The county average on this page is close to double the state average. A newer roof, impact windows and doors, and a wind mitigation inspection can bring your own quote down considerably, which is why we get quotes during the inspection period.
Do I need a jumbo loan in West Palm Beach?
Only if your loan amount is above the conforming limit for Palm Beach County. Many homes downtown, along the water and in the historic districts cross that line. Jumbo loans usually require more reserves and stronger documentation, and pricing varies widely between lenders, so comparing several makes a real difference.
Can self-employed buyers get a mortgage in West Palm Beach?
Yes. If your tax returns show your full income, a conventional loan works. If deductions reduce your taxable income, a bank statement loan can qualify you on 12 or 24 months of deposits. Asset-based programs are another option for buyers with substantial investments. We compare all three for you.
Is it a good time to buy in West Palm Beach?
Rising inventory has given buyers more negotiating power, while prices have continued to grow at roughly 4% to 6% a year. We do not predict markets, but buyers today can often negotiate seller credits toward closing costs or a lower rate, which was rare a few years ago. The best time is when the payment fits your budget.
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Contact OnMortgage: West Palm Beach’s Leading Mortgage Broker
From a first home west of I-95 to a condo downtown or a waterfront estate, our brokers will compare lenders for your West Palm Beach purchase and guide you all the way to closing. Get a free quote today.