Exciting News for First-Time Homebuyers in Palm Beach County
Jennifer Kloss
Published Jun 21, 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
Fed Rate Cut: Homebuyers Save on Mortgage Payments...
The Federal Reserve lowered interest rates in October 2025. This move has affected the housing market, making many people—especially those wanting to buy or refinance a home—curious about how much a monthl...
Thinking About Buying a House in Early 2026? Here’s How to Get Ready...
If you’re planning to buy a house in 2026, it’s a good idea to start getting prepared now. The housing market has been unpredictable in recent years, but things may become less hectic for ...
VA Housing Grants: How Veterans Can Apply...
The Department of Veterans Affairs (VA) offers special housing grants to help veterans with service-connected disabilities buy, build, or adapt a home, so they can live more independently. These grants can pay for important ch...
Top 5 Mortgage Lenders in October 2025 for First-Time Home Buyers...
Buying your first home can be challenging. Choosing the right mortgage lender can help make the process easier. Here are five top lenders for first-time home buyers, along with what makes each one stand...
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...
