Mortgage Broker in Delray Beach, FL
Delray Beach is one of Palm Beach County’s most sought-after communities — a vibrant downtown on Atlantic Avenue, beaches, a large active adult (55+) community in Kings Point and other developments, and a real estate market spanning from affordable condos to luxury estates. Dynamic Funding Solutions is a licensed Florida mortgage broker serving Delray Beach buyers across all loan types.
Mortgage Programs for Delray Beach Buyers
- Conventional: Delray Beach’s broad price range ($300K–$2M+) covers both conforming and jumbo territory. 3–5% down for 620+.
- Jumbo: Luxury Delray Beach properties and oceanfront estates regularly exceed the conforming limit. We originate jumbo to $3M+.
- FHA: Delray Beach’s more affordable neighborhoods and condos fit within FHA limits ($524,225).
- VA: Veterans purchasing in Delray Beach — zero down.
- Reverse Mortgage: Large 55+ communities in Delray Beach (Kings Point, Venetian Isles, etc.) have significant reverse mortgage demand.
- DSCR: Active investor market in Delray Beach. STR and long-term rentals both qualify on DSCR programs.
- Asset Depletion: Retired buyers in Delray Beach with substantial assets but limited W-2 income.
Delray Beach 55+ Communities — Mortgage Considerations
- Many Delray Beach 55+ communities are condo or co-op ownership — important for financing
- Co-op ownership: NOT mortgage-eligible in the traditional sense; requires specialized financing
- Condo: warrantability matters — some older 55+ complexes have non-warrantable issues (deferred maintenance reserves)
- Reverse mortgage (HECM): available for 62+ homeowners in 55+ communities that are FHA-eligible
Delray Beach Condo Mortgages
- Verify warrantability before offer — high investor concentration or litigation can make buildings non-warrantable
- FHA condo approval: required for FHA loans; many Delray Beach condos ARE on the approved list
- Non-warrantable condos: Non-QM condo programs available
FAQ — Mortgage Broker Delray Beach FL
Can I get a reverse mortgage in a Delray Beach 55+ community?
Yes, if the community is FHA-approved and you own a condo or single-family home (not co-op). Most FHA-approved Delray Beach 55+ condo communities qualify. We can check eligibility before you apply.
I want to buy a Delray Beach investment condo. What loan applies?
For income-producing investment condos in Delray Beach, DSCR loans qualify on rental income without personal income documentation. We also check warrantability — non-warrantable condos require Non-QM programs specifically.
Is it possible to buy in Delray Beach with zero down?
VA loans allow zero down for eligible veterans with no loan limit. FHA allows 3.5% down. Conventional goes as low as 3%.
Delray Beach buyer or investor? Call (215) 364-7171. Licensed Florida mortgage broker serving Palm Beach County.
Dynamic Funding Solutions | NMLS #17144 | Lena Polnet NMLS #17225 | Licensed in Pennsylvania and Florida. This is not a commitment to lend. All loans subject to credit approval, income verification, and property eligibility.