Loan Options

Home Loan Requirements for South Florida

At Patriot Coast Mortgage, the “best home loan” is the one that’s best for you. That’s why we take the time to understand your goals, preferences, and budget before recommending a mortgage program. Whether you’re buying your first home in Boca Raton or upgrading to your dream property, our priority is helping you find a loan that makes homeownership both comfortable and achievable.

  • Conventional Home Loans

    3% Down Payment

    Great Option for First-Time Homebuyers

    $806,500 Maximum Loan Amount (2025)

    Monthly Mortgage Insurance Automatically Cancels at 78% Loan-to-Value

    Down Payment Can be Gifted

    Income Limits May Apply


    5-15% Down Payment

    $806,500 Maximum Loan Amount (2025)

    No Mortgage Insurance Option

    Monthly Mortgage Insurance Automatically Cancels at 78% Loan-to-Value

    Down Payment Can be Gifted


    20% or More Down Payment

    $806,500 Maximum Loan Amount (2025)

    No Mortgage Insurance Required

    Down Payment Can be Gifted

  • FHA (Federal Housing Administration) Loans

    3.5% Down Payment

    Great Option for Borrower(s) with Lower Credit Score

    $654,350 Maximum Loan Amount (2025) *Loan limit for Palm Beach County. FHA Loan limits vary by county.

    1.75% Upfront Mortgage Insurance Premium - Financed into Loan Amount

    0.85% Monthly Mortgage Insurance

    Down Payment Can be Gifted

  • FHA 203K (Home Renovation) Loans

    33.5% Down Payment

    Great Option for Borrower(s) Looking to do Renovations

    $654,350 Maximum Loan Amount (2025) *Loan limit for Palm Beach County. FHA Loan limits vary by county.

    1.75% Upfront Mortgage Insurance Premium - Financed into Loan Amount

    0.85% Monthly Mortgage Insurance

    Down Payment Can be Gifted

  • VA (Veterans Administration) Loans

    0% Down Payment

    Great Option for Veterans or Active Military

    No Mortgage Insurance Required

    2.3% Upfront Mortgage Insurance Premium (First-Time Use) - Financed into Loan Amount

    Will Vary Depending on Exempt Status, Down Payment and Subsequent Use​

  • USDA (Rural Housing) Loans

    0% Down Payment

    Great Option for Borrower(s) in Rural Areas

    Income and Property Areas Restricted

    1% Upfront Mortgage Insurance Premium (First-Time Use) - Financed into Loan Amount​

    0.35% Monthly Mortgage Insurance

  • Down Payment Assistance Programs

    Regular Down Payment Assistance

    Assistance programs based on qualification

  • Jumbo Loans

    Great Option for Loan Amounts Over $806,500 (2025)

    No Mortgage Insurance Required

  • Refinance Mortgage Loan Options

    Get Cash Out

    Get Cash Out Using the Equity in Your Home


    Lower Your Monthly Payment

    Refinance to a lower rate and save on your monthly mortgage payment


    Shorten Your Loan Term

    Shorten your loan term so you can pay off your mortgage faster

  • Manufactured Home Mortgage

    Options available for mortgages on manufactured homes. 

  • Construction Loans

    Planning to build your dream home? If the answer is yes, a construction loan may be right for you. Construction loans are short-term loans used for new home construction.

  • Home Improvement Loans

    FHA 203K Home Renovation Loans

    203K Loans can be used for anything from cosmetic to extensive repairs on your home.


    Cash-Out Refinance

    Leverage your homes equity to get cash out for home repairs or renovations.

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