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Reviewed by David Ghazaryan, Mortgage Broker, NMLS 1486726 · iQRATE Mortgages · Last updated: October 13, 2026
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A West Palm Beach mortgage broker compares many lenders for the relocation, jumbo, condo and investor loans this fast-changing market needs. iQRATE Mortgages (NMLS 1862492) is licensed in Florida and shops more than 100 lenders on complex files. Palm Beach County's 2026 limits are $832,750 conforming and $667,000 FHA. Finance firms moving from New York, sometimes called "Wall Street South," have pushed demand into downtown and the historic neighborhoods. The South Florida metro's median listing price was about $490,000 in September 2026. Full-doc loans close in about 17 days.
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5.0 stars from 87 reviews on Experience.com (October 2026) · Read David's reviews on Experience.com
Many West Palm Beach buyers are relocating finance and professional workers with big bonuses, equity from a Northeast home and a fast start date. Others are retirees, second-home buyers and first-time buyers in the city's western neighborhoods. Historic districts, older condos and the cost of insurance near the water are the local issues we plan around.
Part of our Florida mortgage broker coverage. We're licensed in Florida under company NMLS 1862492 and work West Palm Beach files from our Las Vegas office, closing with local escrow and title.
Neighborhoods and ZIPs we lend in: El Cid and SoSo (South of Southern) (33405), Flamingo Park, Grandview Heights and Downtown (33401), Northwood (33407), Palm Beach Lakes (33409), Ibis (33412), the Villages of Palm Beach Lakes (33409), and Andros Isles and the Westward area (33411, 33415).
Florida basics that apply here: the seller customarily pays documentary stamps on the deed ($0.70 per $100; $0.60 in Miami-Dade). The buyer pays two mortgage taxes: doc stamps on the note ($0.35 per $100 of the loan) and intangible tax (0.2% of the loan), or $2,200 on a $400,000 loan. Homeowners insurance, plus flood insurance in many zones, is among the most expensive in the country, and lenders collect the first year's premium plus escrow months, so prepaids are often the biggest part of cash to close. Owner-occupants get the homestead exemption and Save Our Homes (3% cap), but the assessment resets when a home sells. Whole-home rentals of under 30 days need a state DBPR vacation-rental license. Statewide down payment help includes Florida Hometown Heroes (5% of the loan, $10,000–$35,000, when funded) and FL Assist (up to $10,000), plus county SHIP funds.
Closing costs are what it costs you to get the loan: origination, discount points, appraisal, and escrow and title. Cash to close also includes your prepaids (first-year homeowners insurance, daily interest to month-end, and an escrow deposit for your own future property taxes and insurance) plus your down payment. Prepaids aren't a cost of the loan; they're your own bills paid ahead. In West Palm Beach, the first full year of homeowners insurance, flood insurance where required, and the escrow deposit are usually the largest prepaids; homes east of I-95 and condos near the Intracoastal usually carry the highest wind and flood premiums. Your actual closing costs depend on county, price and loan type, so we don't quote a one-size range: every line is itemized on your Loan Estimate, and our Bare Bones guarantee means we add no fees of our own. Compare states on our closing costs by state page.
Palm Beach County: conforming $832,750 and FHA $667,000 for a one-unit home. Above $832,750 you need a jumbo loan.
Conventional (as little as 3% down for eligible first-time buyers), FHA (3.5% down, 580+ score), VA (no down payment for eligible veterans with full entitlement), jumbo above the conforming limit, DSCR loans that qualify on rent, bank statement loans for self-employed borrowers, asset-based and 1099 loans, and rate-and-term or cash-out refinances. As a broker we compare wholesale lenders, more than 100 on complex files, instead of one bank's menu.
Terms for each are on its own page; see all iQRATE guarantees.
Often, yes. Many lenders accept a signed, non-contingent offer letter if you start within a set window after closing.
Usually, if you have a history of receiving them. A brand-new bonus structure may not count until it's been paid.
$667,000 for a one-unit home in Palm Beach County. The conforming limit is $832,750.
Yes, but exterior changes in a historic district need city approval first. A renovation loan can finance the work.
Monthly and seasonal rentals are common. Rentals of under 30 days need the state license and must meet local and HOA rules.
Palm Beach County's average total rate was about 17.5 mills in 2025, and city addresses add the city's millage.
Closing costs depend on the price, loan type and county, so yours are itemized on your Loan Estimate rather than quoted as a range. Closing costs are what it costs to get the loan (origination, points, appraisal, escrow and title). Cash to close also includes prepaids and your down payment; in West Palm Beach, the first full year of homeowners insurance, flood insurance where required, and the escrow deposit are usually the largest prepaids; homes east of I-95 and condos near the Intracoastal usually carry the highest wind and flood premiums.
Most of our loans close in under 30 days. For eligible full-documentation conventional, FHA and VA purchases, our goal is 17 calendar days from signing initial disclosures.
Get My Custom Rate Now · or call (702) 766-3744
iQRATE Mortgages · NMLS 1862492 · 6360 S Rainbow Blvd Ste 101, Las Vegas, NV 89118 · Licensed in Nevada, California, Texas and Florida. David Ghazaryan, Mortgage Broker, NMLS 1486726. Verify us on NMLS Consumer Access. Equal Housing Opportunity. Programs, rates and terms change and are subject to credit, property and underwriting approval; local facts on this page come from the public sources below and are not legal or tax advice.
More: Florida mortgage broker · DSCR loans · Bank statement loans · Our guarantees · Closing costs by state
