Mortgage Broker in Clearwater, FL
247 Home Loans helps buyers and homeowners across Clearwater, from Clearwater Beach and Sand Key condos to family neighborhoods in Countryside. As an independent broker, we compare purchase and refinance options from more than 20 wholesale lenders, including second-home and condo options for a coastal market.
Clearwater neighborhoods we serve
- Clearwater Beach, Island Estates and Sand Key: condos, townhomes and waterfront homes
- Downtown Clearwater: condos and older neighborhoods near Coachman Park and the bluff
- Countryside: established single-family neighborhoods in north Clearwater
- Central and east Clearwater: Morningside, Del Oro Groves and neighborhoods toward Old Tampa Bay
What to plan for when buying in Clearwater
- Beach condos: milestone inspections, reserve studies and special assessments affect which buildings lenders will finance. Non-warrantable units can often still be financed with non-QM or portfolio loans, usually with a larger down payment.
- Flood and windstorm insurance: the beaches and low-lying areas along the water are often in FEMA flood zones, and those premiums count in your monthly housing cost.
- Second homes: many Clearwater buyers want a place to use part of the year; conventional and jumbo second-home loans are options.
- Older homes inland: 4-point and wind mitigation inspections are common requests from insurers.
DSCR loans for Clearwater investors
A DSCR (debt-service coverage ratio) loan lets you qualify on the property's rental income instead of your personal income, which suits many real estate investors, including self-employed investors. DSCR loans are for investment properties only, not a home you'll live in, and the loan can often be held in an LLC, subject to lender guidelines. Clearwater draws both long-term and seasonal renters, and DSCR loans can be used on single-family homes, townhomes and eligible condos. Short-term rental rules on the beach and in condo associations vary. Rental rules vary by city, county, zoning and HOA or condo association, so confirm what's allowed for a specific property before counting on rental income.
Working with a Tampa Bay-based broker
247 Home Loans is a Florida-wide mortgage broker with its home base in Tampa Bay; our office is in Riverview. As an independent broker, we compare purchase and refinance options from more than 20 wholesale lenders. Most of the process happens by phone and online, and closings are coordinated with your title company.
Loan programs we offer
- Conventional and jumbo purchase and refinance
- FHA, VA and USDA (in eligible areas)
- Bank-statement and other non-QM loans
- DSCR loans for investors
- Construction loans
Your loan officers
- Chad Morris, Owner & Loan Officer, NMLS #352539
- Dave Rodgers, Loan Officer, NMLS #363840
Frequently asked questions
Can I get a loan on a Clearwater Beach condo?
Usually, yes. If the building meets agency guidelines, conventional, FHA or VA may work; if it's non-warrantable, non-QM or portfolio lenders can often still finance it. We review the association documents early.
What's the difference between a second-home loan and an investment loan?
A second home is a property you use yourself part of the year, and it generally can't be a full-time rental. If you plan to rent it out, an investment-property or DSCR loan is the right fit. We'll help you choose honestly based on how you'll use it.
Is flood insurance required in Clearwater?
It depends on the flood zone. If the home is in a FEMA special flood hazard area and you have a federally backed loan, flood insurance is required. We'll check the zone and help you get quotes early so insurance costs aren't a surprise.
Can I buy a Clearwater rental with a DSCR loan?
Yes. DSCR loans qualify on the property's rental income instead of your personal income, are for investment properties only, and can often be held in an LLC. Confirm city and association rental rules first.
Do I have to come to your Riverview office?
No. We handle the loan by phone and online, and closings are coordinated with a title company near you.
Other areas we serve
Florida-wide broker; home base Tampa Bay.
Talk with Chad about your Clearwater purchase
Call or text Chad at 813-495-9542, or apply online. Florida-wide broker; home base Tampa Bay. No obligation, and no credit check just to talk.