Mortgage Broker in Greenacres, FL

Short answer

Greenacres' median house sold for $444,000 and its median condo or townhouse for $207,500 in Q3 2026, among the most affordable prices in Palm Beach County, and both sit far under the $667,000 FHA limit. QMS Lending is an independent mortgage broker that compares Greenacres purchases and refinances across 100+ lenders, in English and Spanish.

What homes cost in Greenacres right now

Greenacres is a condo and townhouse market first. In Q3 2026, 84 townhouses and condos sold at a median of $207,500, down 13.9% from a year earlier, against only 44 single-family sales at a median of $444,000, down 4.5%, per Florida Realtors data published by MIAMI REALTORS (as of November 2026). About two of every three sales were attached homes.

The two markets move at different speeds. Houses went under contract in a median 57 days with 3.8 months of supply. Condos and townhouses took a median 69 days, with 8.2 months of supply, which gives buyers room to negotiate on price, repairs or a seller concession toward closing costs.

Financing dominates. Only 7 of 44 house sales and 20 of 84 condo sales were cash, compared with 1,439 of 2,461 condo sales countywide.

Greenacres was platted in 1923 as a community for working families, incorporated in 1926 and reincorporated in 1947. It had 43,990 residents and 17,927 housing units in the 2020 Census, and its 2025 taxable value was about $3.38 billion. The Original Section sits just west of Military Trail, with planned communities such as Pine Ridge, Woodlake, Nautica Isles and Joggers Run farther west.

FHA, conventional and the condo approval

Prices here sit far under the 2026 Palm Beach County FHA 1-unit limit of $667,000 (HUD) and the conforming limit of $832,750 (FHFA), as of November 2026. The loan limit is rarely the question in Greenacres; the property is.

• House at the median: FHA 3.5% down on $444,000 is $15,540, loan $428,460. Conventional 5% down is $22,200, with PMI that can come off later.
• Condo at the median: FHA 3.5% down on $207,500 is about $7,260.
• The building has to qualify: FHA needs the project on HUD's approved list or a single-unit approval, and conventional loans need a warrantable condo. Associations with low reserves, pending litigation or heavy investor ownership can fail review, which is when a non-warrantable condo loan comes in, usually with a larger down payment.

Get the condo questionnaire and the budget before you are under contract, not after. Our condo loans page explains the review step by step.

Older condo buildings, inspections and assessments

Much of Greenacres' condo stock is decades old. Under Florida Statutes 553.899, condo and co-op buildings three habitable stories or taller need a milestone inspection by December 31 of the year they turn 30, then every 10 years. Many Greenacres communities are one- and two-story villas and garden buildings that fall outside that rule, but the state's reserve study rules (SIRS) still push dues up in many older associations.

Ask for the most recent budget, reserve study and any special assessment notice. Lenders count dues and assessments in your payment, and a large unpaid assessment can stop a loan. The title company will order the estoppel certificate.

Greenacres property taxes

Greenacres charges 6.3000 mills, proposed unchanged for 2026, and runs its own fire rescue department, so the county Fire/Rescue levy does not appear on Greenacres bills. Adding the county (4.5000 plus 0.0330 debt), library (0.5491), school board (6.3210), Children's Services (0.4908), Health Care District (0.6561), South Florida Water Management District (0.2301 combined) and FIND (0.0270) gives a 2025 total of 19.1071 mills, about 1.91% of taxable value, per the Palm Beach County Property Appraiser (as of November 2026). The 2026 proposed rates add up to about 19.06 mills.

On a $444,000 house that is roughly $8,500 a year before the homestead exemption; on a $207,500 condo, about $4,000. Non-ad valorem assessments are extra. Use your purchase price, not the seller's bill, since the Save Our Homes cap resets at sale.

Flood zones and insurance

Before October 5, 2017, all of Greenacres was unmapped and treated as Zone X. The maps that took effect that day placed several areas in Zone AE, where lenders require flood insurance, and Palm Beach County's newer maps took effect December 20, 2024. Check the address on the FEMA Flood Map Service Center or call the Greenacres Building Department (561-642-2050) and read what a flood zone means for your loan. Flood policies have a 30-day waiting period, so do not leave it to closing week.

Older houses usually need a 4-point inspection, and a wind mitigation report can cut the windstorm premium. For condos, the association's master policy covers the building, and you insure the interior.

Down payment help for Greenacres buyers

Greenacres does not run its own purchase assistance program that we could find, so buyers here lean on county and state money (as of November 2026):

• Palm Beach County Homebuyer Match: up to $50,000, matched dollar for dollar to your own cash (you put in at least $10,000), on homes up to $700,000, for households at 80% to 140% of area median income (for example, up to $163,660 for a family of four). Applicants are picked by lottery, and the county planned $5 million across 2026 rounds.
• Palm Beach County SHIP: up to $100,000 as a 0% deferred loan forgiven after 30 years, for first-time buyers, with a $568,557 price cap. The last round filled its application limit fast, so have your pre-approval ready before the next window opens.
• Housing Finance Authority of Palm Beach County: a 30-year fixed first mortgage with a 0% soft second of up to $17,500 for first-time buyers, through participating lenders.
• Florida Hometown Heroes: up to 5% of the loan ($10,000 to $35,000) for eligible teachers, health care workers, first responders, military and veterans. See our Hometown Heroes guide.

Every one of these needs a lender pre-approval first, and they can be layered in some cases. The full list is on our Florida down payment assistance page. Funding opens and closes during the year, so confirm before you count on it.

Working with QMS Lending in Greenacres

Common Greenacres files: FHA and conventional first-time purchases, non-warrantable condo loans when the association does not pass review, ITIN loans for buyers without a Social Security number, and DSCR loans, which are business-purpose loans for investors buying rentals.

QMS Lending is an independent mortgage broker in Miami, FL, founded in 2018 (NMLS #1781090). We compare your file across 100+ wholesale lenders instead of one bank's menu, and the process runs on e-sign and phone, so you do not need to drive to an office.

The team is bilingual (English and Spanish), led by Michael Fernandez, NMLS #1491775, President, and rated 4.9 stars across 200+ Google reviews. Rates vary daily; call 305-425-1990 for today's pricing. All loans are subject to credit approval and property eligibility. Equal Housing Opportunity.

Down payment help for Greenacres buyers

• Palm Beach County Homebuyer Match Pilot Program Up to $50,000 matched dollar for dollar to the buyer's own cash (minimum $10,000), price up to $700,000, 80% to 140% AMI, lottery selection. The county planned $5 million in 2026 rounds (March, July, later in 2026); funds are forgiven after 15 years in the home. 561-233-3600. ↗
• Palm Beach County SHIP Purchase Assistance Up to $100,000 as a 0% deferred loan forgiven after 30 years, first-time buyers up to 140% AMI, max price $568,557. The last round reached its application limit; watch for the next one. 561-233-3600. ↗
• Housing Finance Authority of Palm Beach County: Own a Home Opportunity 30-year fixed first mortgage through participating lenders with a soft second up to $17,500 at 0%, due on sale, refinance or in 30 years (first-time buyers), plus a grant version without the first-time rule. Income and price limits apply. ↗
• Florida Hometown Heroes Up to 5% of the first mortgage ($10,000 to $35,000) as a 0%, 30-year deferred second, not forgivable, for first-time, income-qualified buyers in eligible jobs plus military and veterans. ↗

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