PANAMA CITY, FL
Panama City Mortgage Loans
Purchase, refinance and specialty financing for Panama City buyers and homeowners, with guidance from Alex El-Ali.
PANAMA CITY
Mortgage guidance in Panama City
Panama City is a Panhandle city on St. Andrew Bay, near Tyndall Air Force Base. Alex works with Panama City buyers and homeowners by phone, text and video from his Hollywood office, comparing options across 300+ wholesale lenders through NEXA Mortgage.
The City of Panama City offers purchase assistance through its SHIP program, and Bay County programs may also apply. Funding opens and closes, so check current availability.
Panama City at a glance
- Bay County
- 2026 FHA loan limit (1 unit): $541,287
- 2026 conforming loan limit (1 unit): $832,750
- Bay County down payment assistance
Loan limits are set yearly by HUD and FHFA.
LOCAL MARKET SNAPSHOT
Panama City homes, jobs and schools
Home prices
- Median single-family sale price: $367,959
- Median condo/townhouse sale price: $324,500
Panama City metro, September 2026. Source: Florida Realtors. Metro-wide figures; prices in Panama City vary by neighborhood and property type.
Job market
Major employers include Tyndall Air Force Base, Naval Support Activity Panama City, healthcare and beach tourism.
Unemployment rate: 4.3% (Panama City metro, September 2026, not seasonally adjusted). Source: U.S. Bureau of Labor Statistics via FRED.
Schools
Panama City is served by Bay District Schools, which earned a “B” district grade from the Florida Department of Education for 2025–26. Individual school grades vary; see FLDOE school grades for specific schools.
KNOW BEFORE YOU BUY
Financing a home in Panama City
- Military buyers. VA loans are common for Tyndall families.
- Rebuilt and newer homes. Much of the area was rebuilt after Hurricane Michael in 2018, so roof and construction dates matter for insurance.
- Down payment help. Panama City offers purchase assistance through its SHIP program, and Bay County programs may also apply.
Areas Alex works in
St. AndrewsDowntown Panama City
GET STARTED
See what you may qualify for
Share a few details and Alex will follow up personally to review your options — usually the same business day. No obligation, and requesting information does not affect your credit.
- Shop 300+ wholesale lenders through NEXA Mortgage
- Clear answers on rates, costs and cash to close
- Pre-approval decisions typically within 24 hours of a complete application
By submitting, you agree to be contacted by phone, text or email about your inquiry. Message and data rates may apply; reply STOP to opt out of texts. Consent is not a condition of any loan. This is not a loan application — please do not include Social Security numbers, account numbers or financial documents. See our Privacy Policy.
EXPLORE MORE
Popular loan programs in Panama City
VA LoansFHA LoansUSDA LoansConventional LoansBay CountyAffordability Calculator
Not a commitment to lend. Not all applicants qualify. Programs, rates, terms and availability may change without notice. All loans are subject to credit, income, asset and property approval. H. Alex El-Ali, NMLS #1513750, FL LO125697 | NEXA Mortgage, LLC, NMLS #1660690. Equal Housing Lender.
Ready To Take The Next Step?
Talk with Alex about your goals — no pressure, no obligation.