Exciting News for First-Time Homebuyers in Palm Beach County
Jennifer Kloss
Published May 29, 2025
The county is offering up to $100,000 in assistance for first-time homebuyers to help cover various costs like down payments, closing costs, and even the purchase of a new home.
This funding is available through the State Housing Initiatives Partnership (SHIP) and is part of the county's Purchase Assistance Program.
Here's what you need to know:
- When to Apply: The online application portal opens on May 5 at noon and closes on May 23 at 11:59 p.m., or after 100 applications have been received.
- How It Works: Applications are processed on a first-come, first-served basis. If you qualify, the financial help you receive will be in the form of a deferred loan, meaning you don’t have to pay it back right away. This loan is secured by a mortgage and a promissory note on your new home.
- Eligibility: To apply, you must already have a mortgage loan approved by a lender.
- How to Apply: You can apply through the Palm Beach County Government’s website.
Need More Information Before Applying? There will be several virtual orientation sessions that you can attend to get all the details. These sessions are scheduled for April 15, April 22, April 24, April 29, and May 1, and will be held via WebEx. More details can be found on the Housing and Economic Development (HED) website.
You can also call the Mortgage and Housing Investments Division at (561) 233-3600 or email them at HEDverify@pbc.gov for more information.
So, if you’re dreaming of owning your first home in Palm Beach County, don’t miss out on this opportunity to get financial assistance!
-
Previous article: Why Young Americans Feel They Can't Afford Homes
Weekly newsletter
Receive the latest releases and exclusive articles straight to your inbox every week.
Related Articles
View all posts
8 Tips to Get the Lowest Mortgage Rates...
Mortgage rates have recently gone down due to hopes that the Federal Reserve will cut rates. However, after a recent Fed meeting, rates have stayed about the same. Experts don’t expect a big drop in interest rates before t...
Does Sending Buyer "Love Letters" To Home Sellers Work?...
Short answer: sometimes. These personal notes from buyers can help in close calls, but they also carry legal risks. Here’s a simple breakdown. What these letters are A buyer “love letter&rdqu...
10 U.S. Cities Where Rent Is Finally Dropping
Rent prices are starting to go down in much of the United States, which is giving a little relief to people facing high housing costs. This drop comes after rents increased a lot between 2019 and 2022. According to a recent r...
Modular Home Loans: What to Know About Financing a Modular Home...
With home prices in the U.S. still high, many people feel like owning a house is out of reach. One way to make homeownership more possible is to consider different types of homes, like modular homes, especia...
Is Now the Right Time to Take an FHA Loan?...
When buying a house, there are different types of loans to choose from. One popular option is an FHA loan. These loans are backed by the government and can make it easier and more affordable for people to become homeowners. A...
Chase Offers Limited-Time Mortgage Refinance Rate Sale...
Chase Home Loans is offering a special deal for homeowners who want to refinance their mortgage. After running a similar promotion last month, Chase is now giving interest rate discounts specifically for refinances. ...
