The Best Mortgage Lenders in Boynton Beach, FL
Compare verified mortgage lenders serving Boynton Beach, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Boynton Beach
Featured Mortgage Lenders
LoanDepot
LoanDepot, LLC
LoanDepot is a top-rated national mortgage lender with a strong local presence in South Florida, including a branch in Boca Raton that actively serves Boynton Beach. They are renowned for their competitive interest rates, user-friendly digital application platform, and extensive loan options catering to first-time homebuyers, investors, and refinancers. With over a decade of experience, LoanDepot has consistently high customer satisfaction scores due to their efficient processing, transparent communication, and dedicated support team, making them a reliable choice for Boynton Beach residents.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly esteemed mortgage lender with a physical office in West Palm Beach, providing expert services to Boynton Beach homebuyers. They excel in offering personalized mortgage solutions with competitive rates, backed by over two decades of industry experience. Known for their innovative technology, including a streamlined online application, and a commitment to customer education, they have earned numerous awards and high ratings for their reliability, fast closings, and exceptional client support in the Palm Beach County area.
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New American Funding
New American Funding
New American Funding is a family-owned mortgage lender with a branch in Boca Raton that serves Boynton Beach, praised for its diverse loan programs and community-focused approach. With 20 years of experience, they specialize in assisting a wide range of borrowers, including those with unique financial situations, and are recognized for their competitive rates, flexible terms, and strong local involvement. Their high customer satisfaction stems from attentive service, bilingual support, and a reputation for closing loans quickly and efficiently, making them a trusted option in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Boynton Beach, FL
What are the current mortgage rates like for homebuyers in Boynton Beach, FL?
Mortgage rates in Boynton Beach typically align with national averages but can vary based on lender competition in South Florida. Currently, rates range from 6.5% to 7.5% for 30-year fixed mortgages, with local credit unions often offering competitive rates. It's wise to compare multiple Boynton Beach lenders as even slight rate differences can significantly impact your monthly payment in this market.
Are there any first-time homebuyer programs specific to Boynton Beach that I should know about?
Yes, the Palm Beach County Homebuyer Purchase Assistance Program offers down payment and closing cost assistance to eligible buyers in Boynton Beach. This program provides up to $100,000 in a deferred, forgivable loan for qualified first-time buyers. Additionally, Florida Housing offers competitive first-time buyer loans with lower interest rates and down payment assistance statewide.
How does Boynton Beach's flood zone designation affect my mortgage requirements?
Given Boynton Beach's coastal location, many properties require flood insurance, which mortgage lenders mandate for homes in Special Flood Hazard Areas. Your lender will order a flood certification to determine if your prospective home is in a high-risk zone. This additional insurance cost typically adds $500-$2,000 annually to your housing expenses, so factor this into your budget.
What special mortgage considerations should I be aware of when buying a condo in Boynton Beach?
Condo mortgages in Boynton Beach have stricter requirements, including review of the association's financial health and insurance coverage. Lenders typically require that at least 50% of units be owner-occupied and that no single entity owns more than 10% of units. Many Boynton Beach condos, particularly in older buildings, may require special assessments that lenders carefully evaluate during the approval process.
How do HOA fees in Boynton Beach communities impact my mortgage qualification?
Lenders include monthly HOA fees when calculating your debt-to-income ratio, which can significantly affect your borrowing power in Boynton Beach's many planned communities. Typical HOA fees range from $200-$600 monthly, depending on amenities. When getting pre-approved, provide your lender with exact HOA amounts for properties you're considering, as higher fees may reduce the loan amount you qualify for.
Nearby Cities
Explore mortgage lenders in cities near Boynton Beach, FL
Why Choose a Mortgage Lender in Boynton Beach?
Local Market Knowledge
Lenders who understand Boynton Beach's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Florida.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Boynton Beach and get competitive rates on your home loan.