Mortgage Loans in Boynton Beach, FL: FHA, Conventional, Investor and HomeTown Heroes
You can get a mortgage in Boynton Beach with William A. Ledesma, a Florida-licensed loan officer at Bold Mortgage, a division of PRMG. He works with buyers in Boynton Beach and across Florida by phone, video and e-sign, together with local agents. Your options include FHA, conventional, investor and DSCR loans, plus Florida HomeTown Heroes help for eligible first-time buyers.
Buying a home in Boynton Beach: what to know
Boynton Beach sits in south-central Palm Beach County, between Delray Beach and Lake Worth Beach. The city calls itself the gateway to the Gulf Stream, because the warm current runs close to shore here, and the Boynton Harbor Marina downtown is home to fishing, diving and charter boats that head out through the nearby Boynton Inlet. The downtown along Ocean Avenue and Federal Highway has added new apartments and condos in recent years.
Boynton is a city of many different parts. Leisureville, one of the area's first 55+ communities, has small single-story homes. Hunters Run is a large gated golf community with a Boynton Beach address. Chapel Hill and Lake Boynton Estates are older neighborhoods east of I-95 with block homes on regular streets. Out west, toward the Turnpike and beyond, you find newer gated communities, many of them in unincorporated Palm Beach County with a Boynton Beach address, near the Arthur R. Marshall Loxahatchee National Wildlife Refuge and Green Cay Wetlands.
Bethesda Hospital East is one of the largest local employers. Quantum Park, a business park next to I-95, has offices and light industry and sits next to the city's Tri-Rail station. The Boynton Beach Mall, the Schoolhouse Children's Museum and the marina are local landmarks. Many residents commute to jobs in Boca Raton, Delray Beach and West Palm Beach.
Housing ranges from 1950s to 1970s block homes, to 55+ condos and villas, to newer single-family homes in gated western communities. Buyers include retirees and seasonal residents, families looking for more space for the money than in Boca or Delray, first-time buyers, and boaters near the Intracoastal.
FHA loans in Boynton Beach
FHA lets you buy with 3.5% down with a 580+ credit score, or 10% down with a score from 500 to 579, though lender overlays may apply. The 2026 FHA one-unit limit in Palm Beach County is $667,000, with higher limits for 2 to 4 unit properties.
FHA charges upfront mortgage insurance, usually financed, plus a monthly premium. With less than 10% down, the monthly premium stays for the life of the loan.
In Boynton Beach, FHA is a common fit for the older homes east of I-95 and for townhomes and villas. Condos and some villa communities must be FHA-approved or qualify for single-unit approval. Older homes must meet FHA property standards, so the appraiser will look at the roof, electrical and safety items.
Conventional loans in Boynton Beach
Conventional loans allow 3% down for qualifying first-time buyers and 5% for others. With less than 20% down you pay PMI, which you can remove once you have enough equity. The 2026 conforming limit in Palm Beach County is $832,750 for one unit. Jumbo loans cover amounts above that.
Most Boynton Beach homes fit under the conforming limit, which makes conventional a good match for buyers with solid credit. It also works for second homes, a common choice for seasonal residents. For condos and 55+ villa communities, the lender reviews the association's reserves, insurance and assessments to confirm the project is "warrantable."
Investor and DSCR loans in Boynton Beach
A DSCR loan qualifies you on the property's rent, not your personal income. You typically need 20 to 25% down, and you can close in an LLC. It works well for self-employed investors. Conventional investment loans and bank statement loans are also options.
Rental demand comes from hospital staff, workers in Quantum Park and nearby cities, families priced out of Boca and Delray, and seasonal renters in winter. Many 55+ and condo communities restrict leasing or require board approval of tenants, so read the documents first. Check city zoning and licensing rules before buying for short-term rental.
Florida HomeTown Heroes and down payment help in Palm Beach County
Florida HomeTown Heroes is a Florida Housing Finance Corporation program for first-time buyers, generally people who have not owned a primary residence in the past 3 years, who work full time for a Florida-based employer.
It covers 5% of your first mortgage, with a $10,000 minimum and $35,000 maximum, as a 0% interest second mortgage with no monthly payment. You repay it when you sell, refinance, transfer the deed, pay off the first mortgage, or stop living in the home. You need a 640 minimum credit score and homebuyer education, and Palm Beach County income limits apply.
Funding is released in rounds and can run out. William checks availability the day you are under contract, because a fully signed contract is needed to reserve funds. Program details are at Florida Housing.
Palm Beach County also gets SHIP (State Housing Initiatives Partnership) funds for local down payment help through the Palm Beach County housing office. Ask whether the City of Boynton Beach has its own buyer help open.
Insurance, flood and condo rules that affect your loan in Boynton Beach
Hurricane wind coverage is part of every homeowners policy here. Older homes usually need a 4-point inspection and a wind mitigation report, and a newer roof, shutters or impact windows can lower the premium. Citizens Property Insurance is the state backstop when private companies decline.
Homes near the Intracoastal, on canals and in some low areas can be in FEMA high-risk flood zones. If your home is in one and the loan is federally backed, flood insurance is required. Western communities built around lakes may also have flood zone areas, so check the map for the exact lot.
Florida's post-Surfside laws require milestone inspections and structural integrity reserve studies for condo buildings three stories and up, which includes the newer downtown towers and some older Intracoastal buildings. Many 55+ communities have one and two story buildings that fall below that height, but lenders still review their reserves and insurance. If you buy in a newer community out west, ask whether there is a CDD (Community Development District) assessment on the tax bill, along with HOA dues.
Your action plan
- Book a clarity call. Book a call with William. No hard credit pull to start.
- Get pre-approved. Start your pre-approval so you know your budget with taxes, insurance and HOA dues included.
- Pick the program. FHA, conventional, second home, DSCR or bank statement.
- Check HomeTown Heroes and local help. See if you qualify and which county or city funds are open.
- Shop with a local agent. Use an agent who knows the difference between Boynton's 55+ communities, the older east side and the western gated areas.
- Lock and close. Lock your rate, finish inspections and appraisal, and close.
Boynton Beach mortgage FAQs
Where can I get the best conventional loan rates in Boynton Beach?
Rates depend on your credit, down payment, property type and loan amount. Compare Loan Estimates from more than one lender on the same day. Bold Mortgage offers multiple loan programs, and William shows you a side-by-side comparison so you can choose with clear numbers.
How do I qualify for an FHA loan in Boynton Beach?
You generally need a 580 score for 3.5% down, steady income, and a primary residence within the 2026 Palm Beach County FHA limit of $667,000 for one unit. Condos must be FHA-approved or qualify on their own. Approval depends on your credit, income, assets and the property.
Where can I apply for investor or DSCR mortgage programs in Boynton Beach?
You can apply with William at Bold Mortgage. He reviews the rent, the community's leasing rules and your down payment, and matches you with the right program.
Can I use Florida HomeTown Heroes in Boynton Beach?
Yes, if you are a first-time buyer who works full time for a Florida-based employer, meets Palm Beach County income limits and has at least a 640 score. William checks funding once your contract is fully signed.
Can I get a mortgage in a 55+ community in Boynton Beach?
Yes. FHA and conventional loans both work in 55+ communities, as long as the community meets the loan's project rules. Most 55+ communities require at least one resident to be 55 or older and have their own approval process for new buyers. Ask for the association documents early, since they can limit renting the home later.
About William A. Ledesma
William A. Ledesma is a Florida licensed mortgage loan officer and Florida HomeTown Heroes specialist with Bold Mortgage, a division of PRMG. He helps buyers, homeowners and investors in Boynton Beach and across Florida, in English and Spanish. Every client gets a clear action plan from pre-approval to closing.
- Call or text: (786) 387-3676
- Email: will@williamledesma.com
- Office: 4960 SW 72nd Ave, Suite 400, Miami, FL 33155
- Client reviews: Read reviews from William's clients
More Florida mortgage guides: Boca Raton, Delray Beach, West Palm Beach, Jupiter. Lea esta guía en español.
William A. Ledesma, NMLS #1232716. Bold Mortgage is a division of Paramount Residential Mortgage Group, Inc. (PRMG), NMLS #75243, Florida Mortgage Lender Servicer License MLD1608. Equal Housing Opportunity. This page is general information, not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility. Loan limits, program terms and down payment assistance funding can change without notice.
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