The Best Mortgage Lenders in Palm Beach, FL
Compare verified mortgage lenders serving Palm Beach, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Palm Beach
Featured Mortgage Lenders
Michael Raimondi
Fairway Independent Mortgage Corporation - Palm Beach
Michael Raimondi leads one of the highest-rated mortgage teams in Palm Beach County, consistently earning perfect or near-perfect reviews for exceptional customer service and competitive rates. As part of Fairway Independent Mortgage Corporation, a nationally recognized lender founded in 1996, his local team specializes in personalized service for both purchase and refinance transactions. They are particularly noted for their expertise with jumbo loans in the luxury Palm Beach market and their ability to close loans quickly and efficiently.
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John K. T. Boggus
CenterState Bank (now SouthState Bank)
As a veteran mortgage lender with CenterState Bank (now part of SouthState Bank), John Boggus brings over two decades of experience serving the Palm Beach market. SouthState Bank has deep roots in Florida dating back to 1934 and maintains one of the strongest local presences in the region. They are particularly respected for their portfolio lending capabilities, construction loans, and expertise with high-net-worth clients in the luxury Palm Beach real estate market. The bank consistently receives high marks for reliability and competitive jumbo loan products.
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Brian K. Scott
Nations Lending Corporation
Brian Scott and his team at Nations Lending Corporation operate one of the top-rated mortgage offices in Palm Beach County, earning nearly perfect reviews across multiple platforms. Founded in 2003, Nations Lending brings national capabilities with local expertise, particularly strong with government-backed loans (FHA/VA) and first-time homebuyer programs. They are known for their transparent process, competitive rates, and exceptional communication throughout the loan process. The company has built a strong reputation for serving diverse client needs across the Palm Beach housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Palm Beach, FL
What are the current mortgage rates like in Palm Beach, FL, and how do they compare to the national average?
Mortgage rates in Palm Beach are often slightly higher than the national average due to the area's high demand and luxury property market. However, rates can vary significantly based on loan type, credit score, and down payment. It's wise to work with a local lender who understands the Palm Beach market dynamics to secure the best possible rate.
Are there any special mortgage programs for first-time homebuyers in Palm Beach?
Yes, Palm Beach County offers programs like the Homebuyer Acquisition Loan Program (HALO), which provides down payment and closing cost assistance to eligible first-time buyers. Additionally, Florida Housing offers competitive first-time homebuyer loans with favorable terms. These programs can be particularly helpful given Palm Beach's higher-than-average home prices.
How does Palm Beach's flood zone designation affect my mortgage process?
Given Palm Beach's coastal location, many properties require flood insurance, which your lender will mandate if the home is in a designated flood zone. This additional insurance cost must be factored into your monthly housing expenses and debt-to-income ratio calculations. Your lender will help determine the specific requirements based on the property's FEMA flood zone designation.
What unique closing costs should I expect when getting a mortgage in Palm Beach?
Beyond standard closing costs, Palm Beach homebuyers should budget for higher title insurance premiums, documentary stamp taxes, and intangible taxes that are specific to Florida. In luxury transactions, you might also encounter additional fees for specialized appraisals and higher attorney fees due to the complex nature of high-value properties in the area.
How do jumbo loans work differently in Palm Beach's luxury real estate market?
Jumbo loans are common in Palm Beach due to the high concentration of luxury properties exceeding conventional loan limits ($ in 2024). These loans typically require larger down payments (often 20-30%), higher credit scores, and more extensive documentation of assets and income. Local lenders familiar with Palm Beach's luxury market can provide the most competitive jumbo loan terms.
Nearby Cities
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Why Choose a Mortgage Lender in Palm Beach?
Local Market Knowledge
Lenders who understand Palm 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 Palm Beach and get competitive rates on your home loan.