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Delray Beach, FL

Delray Beach mortgage and investor loans

Quick answerWe arrange home loans and investor loans for Delray Beach properties in Palm Beach County: DSCR Loans, Fix and Flip Loans, DSCR Cash-Out Refinance, Short-Term Rental (Airbnb) DSCR Loans, Bank Statement Loans, FHA Loans, First-Time Homebuyer Loans, VA Loans, Condo Loans.
Reviewed by Juan Fernando Romero, NMLS 2557318Updated

Loan programs in Delray Beach

Investor

DSCR Loans in Delray Beach

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).

Investor

Fix and Flip Loans in Delray Beach

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.

Investor

DSCR Cash-Out Refinance in Delray Beach

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.

Investor

Short-Term Rental (Airbnb) DSCR Loans in Delray Beach

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 loan

Bank Statement Loans in Delray Beach

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 loan

FHA Loans in Delray Beach

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 loan

First-Time Homebuyer Loans in Delray Beach

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 loan

VA Loans in Delray Beach

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.

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Condo Loans in Delray Beach

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 Delray Beach

  • Lake Ida
  • Tropic Isle
  • Delray Oaks
  • Kings Point
  • Downtown Delray

Why borrowers look at Delray Beach

Delray Beach has grown from sleepy beach town to one of South Florida's trendiest small cities, centered on Atlantic Avenue's dining and arts scene. Lake Ida and Tropic Isle offer waterfront and established single-family living, Delray Oaks covers the suburban side, and Kings Point serves the 55-plus community. The housing stock mixes 1950s cottages, renovated beach bungalows and new luxury townhomes. Buyers are downsizers, second-home owners and young professionals priced out of Boca. Investors like the tourism and seasonal rental market. Flood zones near the Intracoastal and wind exposure keep insurance relevant. Atlantic Avenue's restaurants and festivals give the city a walkable core that few South Florida suburbs can match.

Local market snapshot: Delray Beach

Median home value$420,300City of Delray Beach · Source: U.S. Census Bureau, American Community Survey 5-year estimates
Median gross rent$1,961/moCity of Delray Beach · Source: U.S. Census Bureau, American Community Survey 5-year estimates
Effective property tax rate0.83% (approx.)Palm Beach County, effective rate (approx.) · Source: SmartAsset, Florida Property Tax Calculator

Homeowners insurance: Flood zones hug the Intracoastal, so east-side buyers should expect flood insurance. Older beach cottages can be pricey to insure relative to their value. Investors in seasonal rentals should confirm the policy matches the rental strategy.

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 Delray Beach

  • 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 Delray Beach.
  • 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.

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Neighborhoods in Delray Beach

FAQ

What loans can I get in Delray Beach, 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 Delray Beach?

Palm Beach County. Lenders include those taxes in the monthly payment used to qualify you.

See what you qualify for

It takes about two minutes and does not affect your credit score. A licensed loan officer reviews every request.

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