Mortgage broker in Boca Raton, FL
Buying, refinancing or tapping your equity in Boca Raton? Gillors is a licensed Florida mortgage broker comparing options from multiple lenders, with a real person guiding you to closing.
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- Compare options from multiple lenders
- A real person follows up
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Home loans for Boca Raton buyers and homeowners
Boca Raton is a Palm Beach County city of about 100,000 people, known for Mizner Park, its beaches and Florida Atlantic University. Many homes are in gated or HOA communities, alongside condos and waterfront homes.
With a median home value of about $723,000, Boca Raton is one of the pricier markets we serve, and many buyers compare conventional and jumbo loans. Gillors compares options from multiple lenders so you can choose with confidence.
Boca Raton at a glance
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates.
Home purchase loans in Palm Beach County, 2021–2025
Lenders made 15,443 home purchase loans in Palm Beach County in 2025. That is 46% fewer than in 2021 and 3% more than in 2024. Higher rates since 2022 have kept many owners in place, so buyers today often face less competition than in 2021.
Source: CFPB, Home Mortgage Disclosure Act (HMDA) data. Originated home purchase loans, Palm Beach County, FL.
Average home purchase loan in Palm Beach County
The average purchase loan in Palm Beach County grew from about $453,000 in 2021 to $601,000 in 2025, up roughly 33%.
Source: CFPB HMDA data. Average loan amount, originated home purchase loans, Palm Beach County, FL.
How Palm Beach County borrowers financed their homes in 2025
Share of all home loans made in Palm Beach County in 2025 (purchase and refinance), by loan type. Source: CFPB HMDA data.
Refinance loans in Palm Beach County, 2021–2025
Refinancing dropped sharply after rates rose in 2022, then started to recover: lenders made 7,486 refinance loans in Palm Beach County in 2025, up 21% from 2024. If your rate is higher than today’s, it may be worth checking whether a refinance makes sense.
Source: CFPB HMDA data. Originated refinance and cash-out refinance loans, Palm Beach County, FL.
What to know before buying in Boca Raton
Conforming vs. jumbo
In 2026 the conforming loan limit for a single-family home in Palm Beach County is $832,750. Loans above that are jumbo loans, which usually need a larger down payment and more savings in reserve.
Florida homestead exemption
If it will be your main home, apply with the Palm Beach County Property Appraiser by March 1. The exemption can take up to $50,000 off the assessed value, and Save Our Homes limits yearly increases in assessed value to 3% or inflation, whichever is lower.
Closing costs in Florida
Buyers usually pay documentary stamp tax on the mortgage ($0.35 per $100 borrowed) and intangible tax (0.2% of the loan). Deed stamps are $0.70 per $100 of the price and are typically paid by the seller.
HOA and gated communities
Many Boca Raton homes come with HOA or condo fees. Lenders include them in your monthly payment, and some associations must approve new buyers, so plan extra time.
Insurance and flood zones
Lenders require homeowners insurance with wind coverage, plus flood insurance if the home is in a high-risk flood zone. Get quotes early, because premiums can change what you can afford.
Boca Raton housing news
- A Reimagined 1988 Boca Raton Home Mixes Country Club With ModernismDwell · Nov 3, 2026
- 8866 New River Falls Rd, Boca Raton, FL 33496Realtor.com · Nov 3, 2026
- Boca Raton Residents, Developers Spar Over Building Story LimitationBoca Daily News · Nov 3, 2026
- 5201 NW 2nd Ave Apt 315, Boca Raton, FL 33487Realtor.com · Nov 2, 2026
- 200 E Royal Palm Rd Apt 103, Boca Raton, FL 33432Realtor.com · Nov 2, 2026
Latest local headlines from Google News, updated automatically. Gillors is not affiliated with these publishers.
Questions about mortgages in Boca Raton
How much do I need for a down payment in Boca Raton?
It depends on the loan. Conventional loans can start at 3% down for qualified buyers, FHA loans at 3.5% and VA loans at 0% for eligible veterans. On a home near the Boca Raton median value of about $723,000, a larger down payment can also keep your loan under the $832,750 conforming limit.
Can I buy a second home in Boca Raton?
Yes. Second-home loans usually need a larger down payment than a primary home, and the home must be one you’ll use yourself, not a full-time rental. Investment properties use different loans.
Do I need a jumbo loan?
Only if your loan amount is above $832,750, the 2026 conforming limit in Palm Beach County. We compare jumbo and conforming options for you, including putting more down to stay under the limit.
How long does it take to close on a home?
Most purchases close about 30 to 45 days after your offer is accepted. Getting pre-approved first helps you move quickly when you find the right home.
Ready to buy or refinance in Boca Raton?
Start with a few quick questions. There’s no credit check to start, and a real person follows up.
What homeowners say
Real reviews from homeowners who worked with Netta Li Fidderer, Senior Loan Officer at Gillors.
Highly recommend Netta Li! It was my first home and the first loan. Netta Li patiently and professionally guided me through the whole process, explaining every term, every detail. Netta Li is very good at communicating! She has always responded very quickly to my texts, emails and calls. …
This is our second deal with Netta Li and like last time she was great, patient and responsive every day, helped us go through the obstacles all the way to a successful deal. Thank you!
I highly recommend Netta Li Fidderer! She is extremely professional, patient, accommodating, and was able to explain the complicated details. I'm happy with the loan that I was able to get with good rates, thanks to her.
