Boca Raton FHA Home Loan

Boca Raton FHA loan

We specialize in Boca Raton FHA home financing.

At OnMortgage, we help Boca Raton homebuyers secure FHA loans designed for flexibility and affordability. Whether you have limited credit, minimal savings, or are purchasing your first home, an FHA loan could be the ideal solution.

On Mortgage is a leading Boca Raton mortgage broker, offering direct access to a wide network of FHA-approved lenders. Unlike local banks that only offer their own limited programs, we compare multiple lending options to find the best match for your credit profile, down payment, and long-term goals—often resulting in lower rates, reduced fees, and better loan terms.

Let OnMortgage guide you through the FHA loan process with expert support from pre-approval to closing—and be sure to check today's Boca Raton FHA loan rates to explore your options.

Boca Raton FHA Loan Benefits: Affordable Homeownership Starts Here

FHA loans remain one of the most accessible mortgage options for homebuyers in Boca Raton, offering low down payments, flexible credit guidelines, and competitive interest rates. Whether you’re purchasing your first home or returning to the market after a financial setback, an FHA loan can help make homeownership more achievable.

At On Mortgage, we specialize in guiding clients through the Boca Raton FHA loan process. We stay current with FHA program updates and partner with approved lenders to help you lock in favorable terms. If you’re looking for a government-backed loan with built-in flexibility, an FHA loan in Boca Raton may be the right fit—let us walk you through the options and simplify the process from start to finish.

Boca Raton FHA Loans for First-Time Homebuyers

Buying your first home in Boca Raton? FHA loans are a popular choice for first-time buyers thanks to low down payments, flexible credit requirements, and government backing. With as little as 3.5% down, you can start building equity while keeping more cash in your pocket.

At On Mortgage, we specialize in guiding Boca Raton first-time homebuyers through the FHA loan process. From pre-approval to closing, our expert team makes it simple to qualify, find the right property, and secure affordable monthly payments tailored to your budget.

First-time homebuyer using FHA loan in Boca Raton

On Mortgage: Your Boca Raton FHA Loan Expert

At On Mortgage, we specialize in FHA loans for first-time buyers and growing families across Boca Raton. From downtown Mizner Park to West Boca neighborhoods, our local team understands the home values, school zones, and parks that matter most. Let us help you navigate your FHA options with expert support tailored to the Boca market.
FHA home in Boca Raton

2025 Boca Raton FHA Loan Limits

As of January 2025, FHA loan limits in Palm Beach County are set at $524,225 for single-family homes. This gives buyers financing power in many of Boca Raton's desirable neighborhoods, including Timbercreek, Boca Falls, and Boca Del Mar, where home prices are competitive but still FHA-accessible.

FHA condo loan Boca Raton

FHA Condo Loans in Boca Raton

Condominiums remain a popular choice for first-time buyers in Boca Raton. FHA loans can be used in select FHA-approved buildings such as Mizner Park Towers and Boca Bayou. These condos offer walkable access to shops, restaurants, and parks—with down payments as low as 3.5% and flexible credit requirements.

FHA approval in Boca Raton

Why FHA Loans Matter in Today's Market

In May 2025, the median sale price in Boca Raton was approximately $635,111, according to local market data. Some neighborhoods, like Boca Raton Square, reached median prices near $778,000. FHA financing offers first-time buyers a way to get into the market with affordable terms, especially in family-friendly areas close to top schools and parks.

Why Choose On Mortgage for Your Boca Raton FHA Loan

From fast pre-approvals to neighborhood-specific guidance, On Mortgage helps Boca Raton families find the best path to homeownership.
  • Low 3.5% down payment and flexible credit guidelines
  • Help locating FHA-approved condos like Boca Bayou and Mizner Park Towers
  • Local market insight on areas like Boca West, Addison Reserve, and Mission Bay
  • Focus on top-rated school zones such as Addison Mizner Elementary and Spanish River High
  • Neighborhood tours with park access info for Sugar Sand Park, Red Reef, and Spanish River Park
Wherever you're buying in Boca—from West Boca to East of Federal Highway—On Mortgage is your trusted FHA resource.
Boca Raton FHA mortgage support

Frequently Asked Questions – FHA Loans



What is an FHA Loan and How Does it Work?

An FHA loan, insured by the Federal Housing Administration (FHA), is a mortgage designed to make homeownership more accessible. It's especially beneficial for first-time homebuyers, allowing for lower credit scores and a minimum down payment of 3.5%. FHA loans typically include mortgage insurance premiums and are only for primary residences—not for investment or vacation homes.

What are the Minimum Credit Score Requirements for an FHA Loan?

Most borrowers can qualify for an FHA loan with a credit score of 580 and a 3.5% down payment. If your credit score is between 500 and 579, a 10% down payment may be required. Some lenders may allow 100% FHA financing with a score of 620 or higher.

How Much Down Payment is Needed for an FHA Loan?

For borrowers with a credit score of 580 or above, the minimum FHA down payment is 3.5% of the purchase price. Those with scores between 500 and 579 typically need 10% down. Some programs may allow 100% financing with qualifying credit.

What is FHA Mortgage Insurance Premium (MIP)?

FHA loans require two types of mortgage insurance. Upfront Mortgage Insurance Premium (UFMIP) is 1.75% of the loan amount, usually financed into the loan. Annual Mortgage Insurance Premium (MIP) is a monthly fee added to your payment, based on loan amount, term, and loan-to-value ratio.

How Long Do I Pay FHA Mortgage Insurance (MIP)?

If you put down less than 10%, MIP is required for the life of the loan. With 10% or more down, MIP ends after 11 years. You can remove MIP early by refinancing into a conventional loan if eligible.

What are the Debt-to-Income (DTI) Ratio Requirements for an FHA Loan?

FHA loans generally allow a back-end DTI ratio of up to 43%, though higher ratios may be approved with compensating factors like strong credit, cash reserves, or a co-signer.

Do FHA Loans Have Specific Property Requirements or Inspections?

Yes. FHA loans require properties to meet HUD's minimum property standards for safety and livability. An FHA-approved appraiser will conduct an appraisal to ensure the home meets these criteria.

Are There Income Limits for FHA Loans?

No. FHA loans have no income limits. Eligibility is based on your ability to repay the loan, not how much you earn. However, your income must be stable and sufficient to meet monthly mortgage payments.

Can I Use an FHA Loan for an Investment Property or Second Home?

No. FHA loans are only for primary residences. You must plan to occupy the home as your main residence, typically within 60 days of closing. They cannot be used for rental properties or vacation homes.

Can I Get Down Payment Assistance with an FHA Loan?

Yes. FHA loans work well with down payment assistance (DPA) programs offered by state and local agencies. Gift funds from family or approved sources can also be used to cover the down payment and some closing costs.

Our Reviews

We Serve the Entire State of Florida

At On Mortgage, we proudly provide mortgage solutions to homebuyers and investors throughout Florida. Here are some of the cities we serve near Miami, but we aren’t limited to these locations:

• Boca Raton • Boynton Beach • Cape Coral • Clearwater • Coral Springs • Davie • Daytona Beach • Deerfield Beach • Doral • Fort Lauderdale • Hallandale Beach • Hialeah • Hollywood • Homestead • Jacksonville • Kendall • Lauderdale Lakes • Miami • Miami Beach • Miramar • Orlando • Parkland • Pembroke Pines • Pine Hills • Plantation • Pompano Beach • Port Saint Lucie • Saint Petersburg • Sunrise • Tallahassee • Tampa • West Palm Beach • Weston