Financing a home in West Palm Beach: which loans actually close
687 single-family purchases and 479 condo or townhome purchases in West Palm Beach closed with a mortgage, January 1 - October 18, 2026 - including 156 FHA and 23 VA loans on houses, and 87 FHA and 12 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.
Key takeaways
- Yes, and here is how often it happens: 156 single-family and 87 condo or townhome purchases closed with FHA financing, January 1 - October 18, 2026.
- 41% of house sales and 58.8% of condo and townhome sales were cash, no mortgage.
- The counts point that way: 58.8% of condo and townhome sales were cash against 41% for houses, and only 87 condo purchases closed with FHA financing.
- Median closing prices over the same period were $579,000 for single-family homes and $245,000 for condos and townhomes, across all payment types.
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Single-family homes — 1,238 closings, January 1 - October 18, 2026
41% of single-family homes in West Palm Beach were bought with cash, no mortgage involved — 507 of 1,238 closings. Over the same period 2025 it was 35.1%.
| How the buyer paid | Closings | Share |
|---|---|---|
| Cash, no mortgage | 507 | 41% |
| Conventional loan | 508 | 41% |
| FHA loan | 156 | 12.6% |
| VA loan | 23 | 1.9% |
| Other financing | 23 | 1.9% |
| Not reported by the closing agent | 21 | 1.7% |
Median closing price over the same period: $579,000. Median time on market, counted across relistings: 48 days.
Condos and townhomes — 1,232 closings, January 1 - October 18, 2026
58.8% of condos and townhomes in West Palm Beach were bought with cash, no mortgage involved — 724 of 1,232 closings. Over the same period 2025 it was 60.1%.
| How the buyer paid | Closings | Share |
|---|---|---|
| Cash, no mortgage | 724 | 58.8% |
| Conventional loan | 380 | 30.8% |
| FHA loan | 87 | 7.1% |
| VA loan | 12 | 1% |
| Other financing | 14 | 1.1% |
| Not reported by the closing agent | 15 | 1.2% |
Median closing price over the same period: $245,000. Median time on market, counted across relistings: 71 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 West Palm Beach with an FHA loan?
Yes, and here is how often it happens: 156 single-family and 87 condo or townhome purchases closed with FHA financing, January 1 - October 18, 2026. Figures cover closed sales of listings permitted for internet display.
How much competition comes from cash buyers in West Palm Beach?
41% of house sales and 58.8% 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: 58.8% of condo and townhome sales were cash against 41% for houses, and only 87 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 $579,000 for single-family homes and $245,000 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 West Palm Beach right now.
Selling instead of buying? Start with West Palm Beach home values: price my home correctly — 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 2026-10-18.