Skip to content
Purchase Mortgage Loan
Get Pre-Approved

First-time home buyer programs in Pompano Beach, FL

Quick answer

First-time buyers in Pompano Beach, FL can use 3%-down conventional loans (up to the $832,750 Broward County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $321,900 median home, 3% down is about $9,657 and the estimated payment is $2,688/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $63,832; value-to-income ratio 5.04. Pompano Beach ranks 175 by home value and 23 by population among 343 places in our FL dataset.

What does a first-time buyer loan cost on a typical Pompano Beach home?

ItemPompano Beach
Median home value (Census ACS)$321,900
Florida median home value$325,000
Down payment (3%)$9,657
Loan amount$312,243
Estimated monthly payment (PITI + MI)$2,688
Income needed (28% / 36%)$116,000 / $90,000
Broward County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Florida's 0.79% effective property tax rate (Census ACS), $2,779/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Pompano Beach?

Pompano Beach is in Broward County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $667,000.

The Pompano Beach median home value of $321,900 is 1% below the Florida median, and within what the county limit supports.

Which down payment assistance programs can Pompano Beach buyers use?

First-time buyer loans in nearby cities

Lighthouse PointCoconut CreekOakland ParkMargateDeerfield BeachWilton Manors

First-time buyer loan FAQs for Pompano Beach

On the $321,900 median: 3% conventional ≈ $9,657, 3.5% FHA ≈ $11,267, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Broward County become jumbo loans.

At the $321,900 median value (close to the Florida median of $325,000), the estimated payment of $2,688/month at 7.18% needs about $116,000 a year under the 28% housing guideline, or $90,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with First-time buyer lenders in Pompano Beach

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.