Mortgage broker in West Palm Beach, FL
Buying, refinancing or tapping your equity in West Palm Beach? Gillors is a licensed Florida mortgage broker comparing options from multiple lenders, with a real person guiding you to closing.
- No credit check to start
- Compare options from multiple lenders
- A real person follows up
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Home loans for West Palm Beach buyers and homeowners
West Palm Beach is the county seat of Palm Beach County, with about 122,000 people. Its downtown sits along the Intracoastal Waterway, with Clematis Street, a waterfront park and a Brightline station connecting it to Miami and Orlando.
The median home value is about $414,000, and about half of homes are owner-occupied. From downtown condos to historic neighborhoods, Gillors compares loan options from multiple lenders and checks condo and insurance requirements up front.
West Palm Beach 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 West Palm Beach
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.
Condo financing
Since Florida’s 2022 condo safety law, buildings three stories and taller need milestone inspections and structural reserve studies. Lenders review these, along with the association’s budget and insurance, before approving a condo loan.
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.
West Palm Beach housing news
- 413 N Ware Dr, West Palm Beach, FL 33409Realtor.com · Nov 3, 2026
- Christina Lambert is turning 14 roundtable topics into a policy plan for West Palm BeachFlorida Politics · Nov 1, 2026
- Vanderbilt Chancellor Diermeier prepares for West Palm Beach campusThe Business Journals · Oct 29, 2026
- Cohen Brothers Secures Construction Financing for $400 Million West Palm Beach Office Towercitybiz · Oct 29, 2026
- DEVELOPER CHARLES S. COHEN CLOSES FULL CONSTRUCTION FINANCING FOR WEST PALM POINT - WEST PALM BEACH'S NEWEST OFFICE TOWERYahoo Finance · Oct 29, 2026
Latest local headlines from Google News, updated automatically. Gillors is not affiliated with these publishers.
Questions about mortgages in West Palm Beach
How much do I need for a down payment in West Palm Beach?
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 West Palm Beach median value of about $414,000, even a small down payment can get you started, and assistance programs may help if you qualify.
Can I buy a condo in West Palm Beach with an FHA loan?
Only if the building is FHA-approved or the unit qualifies for a single-unit approval. Many buyers use conventional loans instead. We can check a specific building before you make an offer.
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 West Palm Beach?
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.
