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City of West Palm Beach First-Time Homebuyers Program

City of West Palm Beach First-Time Homebuyers Program is a deferred second loan for homebuyers in West Palm Beach, Florida.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course
  • A home inside West Palm Beach city limits

It doesn’t cover

  • Households above 80% of area median income
  • Homes outside West Palm Beach

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

80% of Palm Beach County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$107,600
Area median income, 4-person household (HUD, 2026)
Income limits in Florida

Where it applies

West Palm Beach’s homes

  • 38.4% single-family
  • 8.6% townhouse
  • 8.8% 2–4 units
  • 43.6% 5+ units
  • 0.7% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$414,200

West Palm Beach median home value

37.7%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in West Palm Beach

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Free course · 10 minCity of West Palm Beach First-Time Homebuyers Program, explained

Questions about this program

What is City of West Palm Beach First-Time Homebuyers Program?

City of West Palm Beach First-Time Homebuyers Program is a deferred second loan for homebuyers in West Palm Beach, Florida. City of West Palm Beach provides up to $100,000 in deferred 0% interest second mortgage for eligible first-time homebuyers purchasing within city limits. Forgiven after 30 years. Funding comes from Federal.

Do you have to pay it back?

City of West Palm Beach First-Time Homebuyers Program is forgiven after 30 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within 30 years. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of West Palm Beach First-Time Homebuyers Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required.

What are the income limits?

City of West Palm Beach First-Time Homebuyers Program limits household income to 80% of the area median income, which varies by county and household size. Income at or below 80% AMI for Palm Beach County. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of West Palm Beach First-Time Homebuyers Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of West Palm Beach First-Time Homebuyers Program serves homebuyers purchasing in West Palm Beach, Florida.

How do you apply?

Applications for City of West Palm Beach First-Time Homebuyers Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for West Palm Beach homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 94 programs for West Palm Beach

Program terms are set by the administering agency and can change; confirm on the official site before you apply.