Boca Raton Mortgage Loan Officer

Market snapshot

MIAMI REALTORS reported that Boca Raton single-family homes had 293 closed sales in Q2 2026, up 14.0%, with a $1,300,000 median, up 20.9%. Median days to contract dropped 28.9% to 27, and sellers received 94.4% of list price.

Boca Raton condos and townhouses had 230 closed sales, down 13.9%, at a $578,000 median, up 2.8%. They took a median 64 days to go under contract, up 20.8%, and sold for 92.0% of list price.

In ZIP 33431, the single-family median was $900,000, up 16.1%, and the condo median was $452,500, down 17.7%.

Jumbo financing above $832,750

Palm Beach County uses the FHFA's 2026 baseline conforming limit of $832,750. With Boca Raton's single-family median well above that figure, many house purchases may need a jumbo loan, which typically comes with its own credit, down payment, and reserve requirements. The loan limits guide explains the difference.

Local rules: buying a condo

Ask the association where the building stands on its milestone inspection, which Florida law requires for condo buildings of three or more habitable stories. Also ask about reserves: under Fannie Mae's LL-2026-03, Full Review applications dated on or after January 4, 2027 need minimum replacement reserves of 15% of budgeted assessment income, up from 10%.

Insurance matters too. For applications on or after July 1, 2026, Fannie Mae caps a master policy's per-unit deductible at $50,000, and a unit owner's policy must cover at least the greater of the uncovered interior or the deductible. Resale buyers have seven days, excluding weekends and legal holidays, to review documents and cancel under HB 913. First-time buyers can see assistance options on the first-time buyer page.

A note on ZIP-level numbers

ZIP-level medians can move sharply when only a limited number of homes close in a quarter, so the 33431 condo figure can differ from the citywide figure. Treat any single number as one data point rather than a price for a specific home.