Homebuyer Programs in Boynton Beach, FL (2026)
Boynton Beach is a growing coastal city in Palm Beach County, Florida, with a population of approximately 86,000 and a median home price around $390,000. Homebuyers here benefit from one of the strongest layered assistance environments in South Florida. The City of Boynton Beach SHIP Purchase Assistance Program offers up to $100,000 as a forgivable loan at 0% interest, forgiven after 15 years. Buyers can also tap into the Palm Beach County SHIP Purchase Assistance Program (up to $100,000), the Palm Beach County Homebuyer Match Pilot Program (up to $50,000 grant), the Palm Beach County Housing Finance Authority Program (up to $17,500), and state programs like the Florida Hometown Heroes Program (up to $35,000). By stacking city, county, and state programs, eligible Boynton Beach buyers could potentially access over $200,000 in combined down payment and closing cost assistance.
Top Homebuyer Programs in Boynton Beach
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Boynton Beach SHIP Purchase Assistance Program | Forgivable Loan | Up to $100,000 | Yes | View → |
| Palm Beach County HOME First-Time Homebuyer Program | Deferred Loan | Up to $100,000 | Yes | View → |
| Palm Beach County Homebuyer Match Pilot Program | Grant | Up to $50,000 | Yes | View → |
| Palm Beach County Housing Finance Authority Homebuyer Program | Deferred Loan | Up to $17,500 | Yes | View → |
| Palm Beach County Mortgage Credit Certificate Program | Tax Credit | Up to $2,000 per year in federal tax credits | Yes | View → |
| Palm Beach County SHIP Purchase Assistance Program | Forgivable Loan | Up to $100,000 | Yes | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Habitat for Humanity of Greater Palm Beach County Homeownership Program | Zero-Interest Loan | Affordable mortgage with 0% interest | No | View → |
| Florida Assist (FL Assist) Second Mortgage Program | Deferred Loan | Up to $10,000 | Yes | View → |
| Florida HFA Preferred and Advantage PLUS Program | Forgivable Loan | 3%, 4%, or 5% of the first mortgage loan amount | Yes | View → |
| Florida Hometown Heroes Housing Program | Deferred Loan | Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $100,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $100,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $50,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $17,500
- First-time only:
- Yes
- Type:
- Tax Credit
- Amount:
- Up to $2,000 per year in federal tax credits
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $100,000
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with 0% interest
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- 3%, 4%, or 5% of the first mortgage loan amount
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. The City of Boynton Beach SHIP program serves first-time homebuyers with household income at or below 140% of the Area Median Income. You must not have owned a principal residence in the past 3 years.
- Step 2:
Complete homebuyer education. All programs require a HUD-approved homebuyer education course. The City of Boynton Beach requires a 6-hour class with a certificate. The Community Land Trust of Palm Beach County at (561) 718-8393 and the Housing Leadership Council of Palm Beach County are approved providers.
- Step 3:
Get pre-approved for a first mortgage. You must obtain a pre-approval letter from an institutional first mortgage lender for a 30-year fixed rate loan before applying to the Boynton Beach SHIP program.
- Step 4:
Contact the City of Boynton Beach. Reach the Community Improvement Division at (561) 742-6066 to start your application. Important
- Step 5:
Find a home within Boynton Beach city limits. The property must be located within the City of Boynton Beach and must meet City minimum housing quality standards. The home will be inspected by the Community Improvement Division.
- Step 6:
Submit your application. Provide all required documentation including your homebuyer education certificate, pre-approval letter, and income verification. Applications are processed on a first-come, first-served basis while funding is available.
- Step 7:
Close on your new home. After approval, coordinate your closing. The city's assistance is recorded as a 0% interest deferred mortgage, forgiven after 15 years of owner-occupancy.