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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages, company NMLS 1862492 · Last updated: November 12, 2026
A jumbo loan is any mortgage above the conforming limit. For Palm Beach County, the 2026 conforming limit for a one-unit home is $832,750, according to the Federal Housing Finance Agency (FHFA). The 2026 FHA limit for the same county is $667,000. Borrow more than $832,750 on a single-family home, and you need a jumbo loan.
iQRATE Mortgages is a licensed Florida mortgage broker. We compare many lenders for jumbo files, more than 100 on complex ones. We do not fund loans ourselves. This page is general information and not a commitment to lend. Approval depends on your credit, income, assets and the property.
Start your jumbo application or call (702) 766-3744.
| Loan type | 2026 one-unit limit, Palm Beach County | What it means for a Boca Raton purchase |
|---|---|---|
| Conforming (Fannie Mae / Freddie Mac) | $832,750 | Loan amounts up to this figure can be sold to the agencies. |
| FHA | $667,000 | Lower ceiling than conforming, so FHA rarely fits a luxury purchase. |
| Jumbo (non-conforming) | Above $832,750 | Underwritten to each lender's own rules, not agency rules. |
| VA | No limit with full entitlement | Eligible veterans can compare VA with a conventional jumbo. Lenders still set their own maximums. |
FHFA publishes the full list in its 2026 county loan limit spreadsheet and its 2026 announcement. The VA explains entitlement and limits on its loan limits page.
The conforming figure above applies to one unit. FHFA's 2026 baseline limits for two to four units are $1,066,250, $1,288,800 and $1,601,750. Palm Beach County sits at the baseline one-unit figure, so the same tiering applies to small multifamily purchases. A multifamily property, a second home or a rental changes which lenders will say yes, so we check each file before suggesting a program.
Many properties near the coast and inside the gated golf communities will need a loan above $832,750 once a down payment is applied. We do not quote an average price here, because a price without a current official source would be a guess. What we see on files: the Boca Raton mortgage broker page notes that many buyers hold large assets and modest reported income, so asset-based and jumbo loans are common.
Typical profiles we see for Boca Raton-area purchases:
| Item | Figure | Source |
|---|---|---|
| One-unit conforming limit, Palm Beach County, 2026 | $832,750 | FHFA |
| One-unit FHA limit, Palm Beach County, 2026 | $667,000 | HUD, as listed on iQRATE's Boca Raton page |
| Two-unit baseline limit, 2026 | $1,066,250 | FHFA |
| Three-unit baseline limit, 2026 | $1,288,800 | FHFA |
| Four-unit baseline limit, 2026 | $1,601,750 | FHFA |
| Structural inspection rules apply to buildings of | 3 stories or more | Florida requirements, per iQRATE's Boca Raton page |
| ZIP codes iQRATE lists for Boca Raton, Highland Beach and Delray Beach | 14 | iQRATE's Boca Raton page |
| Lenders compared on complex files | More than 100 | iQRATE |
| Short-term rental threshold needing a DBPR license | Under 30 days | Florida DBPR, per iQRATE's Boca Raton page |
| Save Our Homes assessment cap for homesteaded owners | 3% | Florida law, per iQRATE's Boca Raton page |
| Google reviews for iQRATE | 77, rated 5.0 | Google Maps |
| Experience.com reviews for David Ghazaryan | 87, rated 5.0 (October 2026) | Experience.com |
Questions about any figure? Call (702) 766-3744.
Jumbo guidelines differ from lender to lender. One lender may accept a non-warrantable condo, while another declines it. One may count stock income, while another averages it. A broker shops these differences for you. iQRATE works Boca Raton files from our Las Vegas office, is licensed in Florida and closes with local escrow and title. We do not fund loans. The lender you choose does.
Many buyers in this area also have a cash-buyer competitor in mind. Getting your documents in order first helps you move quickly once you find the home. Nothing on this page is a commitment to lend. Call (702) 766-3744 to talk through your situation.
| Area | ZIP codes | Property types lenders review |
|---|---|---|
| Downtown and Mizner Park | 33432 | Newer towers that often meet lender rules more easily than older beachfront buildings; HOA dues can be high. |
| The beach and Royal Palm | 33432 | Condos along A1A and waterfront homes in Royal Palm Yacht & Country Club. |
| Central Boca | 33431, 33486 | Townhomes, villas and single-family homes. |
| West Boca | 33428, 33433, 33434, 33496, 33498 | Gated golf and country club communities, many with mandatory memberships. |
| Highland Beach | 33487 | Separate city; same loan limits, different rules and taxes. |
| Delray Beach | 33444, 33445, 33446, 33483, 33484 | Separate city; some older buildings are co-ops. |
Jumbo lenders keep the loan on their own books or sell it to private investors. Because the agencies do not back it, each lender writes its own guidelines. Expect closer review of:
Our national jumbo loans page covers the product in general. This page focuses on Boca Raton.
Often, yes. Many Boca Raton-area buyers hold large investment accounts but report modest taxable income. Two approaches come up often:
Self-employed buyers can ask about bank statement loans, which use deposits instead of tax returns.
Have a trust or a large portfolio? Call (702) 766-3744 before you write an offer.
Yes. Many lenders close in a revocable trust. The lender reviews the trust's powers and qualifies the borrower, and the loan terms do not change because of the trust. The video above explains the review in plain language.
Executives relocating to south Palm Beach County often have bonuses, restricted stock and deferred compensation. Lenders treat each differently:
We line up the documents before you write an offer, so you can compete with cash buyers.
| Issue | Why it matters | What we check |
|---|---|---|
| Milestone inspections and structural reserve studies | Florida requires them for many buildings of three stories or more, and lenders review the results. | Building documents before you commit. |
| Special assessments | They add to your payment and may make a condo non-warrantable. | Reserve status and any pending assessment. |
| Non-warrantable buildings | If Fannie Mae or Freddie Mac will not accept the building, portfolio and non-QM lenders may still finance it, usually with a larger down payment. | Lender fit for the specific building. |
| Country club membership | Many west Boca communities require a membership with an initiation or equity contribution plus annual dues. Dues count toward debt-to-income. | Whether the fee is due at closing. |
| Co-ops | Some older Boca and Delray buildings are co-ops, and few lenders finance them. | The board's financing rules, then a co-op lender. |
| Board approval | Many condos and communities require an interview, which can take weeks. | We build the wait into your closing date. |
Closing costs depend on county, price and loan type, so we do not quote a range. Every line is itemized on your Loan Estimate. Prepaids are your own bills paid ahead and are not a cost of the loan.
Buying a condo or a home in a club community? Call us and we will review the building before you commit.
Jumbo lenders may limit short-term rentals and ask for stronger documentation on multi-unit properties. Condo and townhome associations may require minimum lease terms or limit rentals in the first year of ownership. If the purchase is an investment, a DSCR loan, which qualifies on rent, may fit better than a jumbo. See also our investor loan options, portfolio loans and serial investor loans.
David looks at the whole transaction, not only the rate: cash invested, monthly carrying costs, reserves, prepayment penalties and the exit plan. A loan that saves money today can become expensive if you need to refinance or sell early.
| Question | Conforming | Jumbo |
|---|---|---|
| Who sets the rules? | Fannie Mae and Freddie Mac | Each lender or investor |
| Loan amount ceiling in Palm Beach County | $832,750 (one unit, 2026) | Set by lender |
| Documentation | Standard | Often expanded for income and assets |
| Reserves | Varies | Often 6 to 12 months or more |
| Non-warrantable condo | Not eligible | May be possible through portfolio lenders |
Conventional, FHA, VA, DSCR, bank statement and refinance options are compared on the Boca Raton mortgage broker page linked above.
These are the terms that come up on almost every jumbo file. What is actually available, and on what conditions, depends on the lender and your profile.
| Term | Plain-English meaning | Why it matters on a jumbo |
|---|---|---|
| Fixed-rate vs adjustable-rate (ARM) | A fixed rate stays the same. An ARM can change after an initial period. | Buyers who expect to sell or refinance early sometimes compare an ARM with a fixed option. We compare both, if offered. |
| Interest-only | Early payments cover interest only. | A few jumbo lenders offer it. The payment rises when principal begins. |
| Loan-to-value (LTV) | The loan amount divided by the home's value. | A lower LTV can widen your lender choices. |
| Private mortgage insurance (PMI) | Insurance for the lender on higher-LTV loans. | Some jumbo lenders structure loans with or without it. |
| Piggyback (second) loan | A smaller second loan used alongside the first. | Can keep the first loan below the jumbo threshold. Not every lender permits it. |
| Discount points | Fees paid at closing to adjust the rate. | Shown on the Loan Estimate so you can compare offers. |
| Rate lock | A lender's commitment to hold a rate for a set period. | Ask what happens if closing is delayed by a board approval. |
| Escrow account | Money collected monthly for property tax and insurance. | In Florida the insurance part can be large. |
| Appraisal | An independent opinion of value. | Unique waterfront and golf properties can be harder to compare. |
| Your situation | Documents lenders usually ask for |
|---|---|
| Salaried with bonus | Pay stubs, W-2s and the history of bonus payments, because bonuses usually need a two-year history. |
| Stock compensation | Vesting schedules and payout history. Vested stock can count when there is a history of payouts. |
| Relocating for a new job | The offer letter, which can sometimes be used before you start. |
| Self-employed | Tax returns, or bank statements if you use a bank statement program. |
| Asset-heavy, modest income | Brokerage, retirement and bank statements for asset-depletion or pledged-asset programs. |
| Buying through a trust | Trust documents, so the lender can confirm the trust's powers. |
| Condo or club community | HOA budget, reserve study, inspection results and membership terms. |
A jumbo refinance replaces an existing mortgage with a new loan that is still above the conforming limit. Lenders review the same file pieces as a purchase: credit, debt-to-income, reserves, assets and value. A rate-and-term refinance changes the rate or term. A cash-out refinance takes equity as cash and usually carries tighter limits. Because the loan is not sold to the agencies, each lender sets its own cash-out rules. If you already own near the coast, a refinance can also be a chance to revisit your escrow and insurance setup.
Ask us about the order of steps, too. If you plan to buy a second property and keep the first, the order of the purchase and the refinance affects how lenders count your income and reserves.
Start your application online, or call (702) 766-3744.
| If your situation is... | Start here |
|---|---|
| Loan above $832,750 on a primary or second home | This page and the jumbo overview (linked above) |
| Self-employed with deposits instead of tax returns | Bank statement loans (linked above) |
| Rental property qualified on rent | DSCR loans (linked above) |
| Several rentals under one relationship | Serial investor loans (linked above) |
| Broader Boca Raton purchase questions | Our Boca Raton mortgage broker page (linked above) |
Not sure which program fits? Call (702) 766-3744 and ask for David Ghazaryan.
Apply online, contact us or call (702) 766-3744. You can verify our licensing on NMLS Consumer Access.
These reviews come from iQRATE clients overall, mostly in other markets. They are not reviews of a Boca Raton jumbo loan. iQRATE holds 5.0 stars from 87 reviews on Experience.com (October 2026) and a 5.0 rating on Zillow. More are on our reviews page.
"David and his team helped me refinance my house & they were amazing. They helped explain all of the different aspects of refinancing & answered all questions I had. Working with the team was easy & I am so grateful to have gone through them, because I am confident they got me the best deal I could get."
"Andrei and David were so great! They're helpful and communicated everything with me through the whole process. I am so pleased and look forward to using iqrate for my future investment properties. 10/10 Will be reccomending to friends."
"David and his team are very professional in their field of expertise. They helped me to get the loan really quick and easy, explaining all steps and assisting me with all of the papers. It has been a pleasure to work with such a reliable and responsible team. I would truly recommend their service to everyone."
Any one-unit loan above $832,750 is jumbo for Palm Beach County in 2026, per FHFA.
$667,000 for a one-unit home in 2026.
Often, yes. Lenders review the building's inspection and reserve status, any special assessments and its warrantability. If the agencies will not accept the building, portfolio or non-QM lenders may still finance it.
Yes. Mandatory dues count in your debt-to-income ratio, and some closings require the membership fee at closing.
Yes, through asset-depletion or pledged-asset programs offered by some lenders.
Yes. Many lenders close in a revocable trust after reviewing it.
Veterans with full VA entitlement have no VA loan limit, but individual lenders set maximums. Compare a VA option with a conventional jumbo.
No. iQRATE Mortgages is a mortgage broker. We shop lenders for you. Funding comes from the lender you choose.
Ready to talk?Call (702) 766-3744 or send us a message.
iQRATE Mortgages · Company NMLS 1862492 · David Ghazaryan, Mortgage Broker, NMLS 1486726 · Licensed in Nevada, California, Texas and Florida · Phone (702) 766-3744 · About iQRATE · Equal Housing Opportunity. This page is general information, not a commitment to lend. Programs and terms change and are subject to credit, property and underwriting approval. Local facts come from FHFA, HUD-based limits and iQRATE's own Boca Raton file experience, and are not legal or tax advice.
