Loan programs in Boca Raton
DSCR Loans in Boca Raton
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in Boca Raton
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in Boca Raton
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Boca Raton
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in Boca Raton
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Boca Raton
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in Boca Raton
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in Boca Raton
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in Boca Raton
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Neighborhoods in Boca Raton
- Boca West
- Boca Pointe
- Boca Isles
- Boca Falls
- Woodfield
Why borrowers look at Boca Raton
Boca Raton is South Florida's polished corporate suburb, built around country clubs, top-rated schools and a large retiree and executive population. Boca West, Boca Pointe, Boca Isles and Boca Falls are marquee golf communities, and Woodfield is classic Boca luxury. The housing stock is heavily gated: single-family estates, villas and condos, with HOA dues and club memberships part of the lifestyle math. Buyers are relocating executives, retirees and second-home owners. Investors find strong seasonal rental demand. High property values mean insurance premiums run well above state norms, and condo buyers should review association finances carefully. Florida Atlantic University and a growing corporate presence add year-round stability beyond the seasonal market.
Local market snapshot: Boca Raton
| Median home value | $722,700City of Boca Raton · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
|---|---|
| Median gross rent | $2,508/moCity of Boca Raton · Source: U.S. Census Bureau, American Community Survey 5-year estimates |
| Effective property tax rate | 0.83% (approx.)Palm Beach County, effective rate (approx.) · Source: SmartAsset, Florida Property Tax Calculator |
Homeowners insurance: Boca Raton's high home values translate into some of the state's steepest insurance premiums, especially near the coast. Gated golf communities often have HOA master policies buyers must understand. Jumbo borrowers should get insurance quotes before locking a purchase price.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in Boca Raton
- Pull the Palm Beach County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price, including wind and flood.
- For rentals, check rent comps and any local rental registration or short-term rental rules in Boca Raton.
- Florida charges documentary stamp tax on new mortgage notes (35¢ per $100) and a 0.2% nonrecurring intangible tax on mortgages, both paid at closing. Condo projects face extra review after the state’s post-2022 structural-safety reforms, so condo budgets and reserve studies matter to lenders.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Florida cities
- Miami
- Fort Lauderdale
- Davie
- Hollywood
- West Palm Beach
- Orlando
- Tampa
- Jacksonville
- St. Petersburg
- Cape Coral
- Pembroke Pines
- Miramar
- Coral Springs
- Pompano Beach
- Plantation
- Sunrise
- Weston
- Deerfield Beach
- Lauderhill
- Margate
- Tamarac
- Cooper City
- Hialeah
- Miami Beach
- Homestead
- Coral Gables
- Doral
- Delray Beach
- Boynton Beach
- Jupiter
- Wellington
- Palm Beach Gardens
- Port St. Lucie
- Fort Myers
- Naples
- Sarasota
- Bradenton
- Lakeland
- Kissimmee
- Clearwater
- Gainesville
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- Daytona Beach
- Palm Bay
- Melbourne
- Ocala
- Coconut Creek
- Cutler Bay
- Palmetto Bay
- Miami Lakes
- Winter Park
- Altamonte Springs
- Sanford
- Oviedo
- Winter Garden
- Brandon
- Riverview
- Wesley Chapel
- Land O' Lakes
- North Port
- Destin
- Panama City Beach
- Fort Walton Beach
- Aventura
- Sunny Isles Beach
- North Miami
- North Miami Beach
- Pinecrest
- South Miami
- Miami Gardens
- Dania Beach
- Hallandale Beach
- Oakland Park
- Parkland
- Apopka
- Ocoee
- Maitland
- Lake Mary
- Longwood
- Winter Springs
- Casselberry
- Clermont
- Dunedin
- Largo
- Tarpon Springs
- New Port Richey
- Spring Hill
- Venice
- Estero
- Stuart
- St. Augustine
- Orange Park
- Titusville
- Cocoa
- Greenacres
- Royal Palm Beach
- Lake Worth Beach
- Lehigh Acres
- Deltona
- Alafaya
- Palm Coast
- Town 'n' Country
- Pine Hills
- The Villages
- Kendall
- Poinciana
- Palm Harbor
- Port Orange
- Fontainebleau
- Port Charlotte
- The Hammocks
- St. Cloud
- Kendale Lakes
- Tamiami
- Bonita Springs
- Pinellas Park
Neighborhoods in Boca Raton
FAQ
What loans can I get in Boca Raton, FL?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in Boca Raton?
Palm Beach County. Lenders include those taxes in the monthly payment used to qualify you.