Financing a home in Boca Raton: which loans actually close
709 single-family purchases and 425 condo or townhome purchases in Boca Raton closed with a mortgage, January 1 - September 2, 2026 - including 26 FHA and 20 VA loans on houses, and 16 FHA and 6 VA loans on condos and townhomes.
If you are buying with a loan, the question that decides your search is not the interest rate - it is whether sellers and buildings in this market accept your loan type at all. Condo boards, warrantability and cash competition all narrow the field before you make an offer, and the counts below show where each loan type is actually closing rather than where it is theoretically eligible.
Single-family homes — 1,542 closings, January 1 - September 2, 2026
51.5% of single-family homes in Boca Raton were bought with cash, no mortgage involved — 794 of 1,542 closings. Over the same period 2025 it was 47.1%.
| How the buyer paid | Closings | Share |
|---|---|---|
| Cash, no mortgage | 794 | 51.5% |
| Conventional loan | 663 | 43% |
| FHA loan | 26 | 1.7% |
| VA loan | 20 | 1.3% |
| Other financing | 14 | 0.9% |
| Not reported by the closing agent | 25 | 1.6% |
Median closing price over the same period: $1,035,000. Median time on market, counted across relistings: 30 days.
Condos and townhomes — 1,351 closings, January 1 - September 2, 2026
66.5% of condos and townhomes in Boca Raton were bought with cash, no mortgage involved — 899 of 1,351 closings. Over the same period 2025 it was 67.3%.
| How the buyer paid | Closings | Share |
|---|---|---|
| Cash, no mortgage | 899 | 66.5% |
| Conventional loan | 403 | 29.8% |
| FHA loan | 16 | 1.2% |
| VA loan | 6 | 0.4% |
| Other financing | 15 | 1.1% |
| Not reported by the closing agent | 12 | 0.9% |
Median closing price over the same period: $360,000. Median time on market, counted across relistings: 59 days.
Closed residential sales of listings permitted for internet display. Not a market census: sellers who opt out of internet display are excluded and the feed cannot report how many did.
Questions people actually ask
Can you buy in Boca Raton with an FHA loan?
Yes, and here is how often it happens: 26 single-family and 16 condo or townhome purchases closed with FHA financing, January 1 - September 2, 2026. Figures cover closed sales of listings permitted for internet display.
How much competition comes from cash buyers in Boca Raton?
51.5% of house sales and 66.5% of condo and townhome sales were cash, no mortgage. That is who a financed offer competes against, which is why terms and certainty matter as much as price.
Is it harder to finance a condo than a house here?
The counts point that way: 66.5% of condo and townhome sales were cash against 51.5% for houses, and only 16 condo purchases closed with FHA financing. Building-level approval, not the buyer, is usually the constraint.
What did financed buyers actually pay?
Median closing prices over the same period were $1,035,000 for single-family homes and $360,000 for condos and townhomes, across all payment types.
Before you make an offer with a loan
Knowing which buildings and sellers take your financing is the difference between an accepted offer and four rejections. Tell us what you are looking for and Gia Freer, our Broker of Record, will tell you where your loan competes in Boca Raton right now.
Selling instead of buying? Start with what your Boca Raton home is worth — Gia reviews every figure by hand.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated 2026-09-02.