Mortgage Broker in Hillsborough County, FL
247 Home Loans is a Florida-wide mortgage broker with its home base in Tampa Bay. Our office is in Riverview, in the middle of Hillsborough County, and we help buyers and homeowners here every week with purchase and refinance loans from more than 20 wholesale lenders.
Hillsborough communities we serve
Hillsborough runs from urban Tampa to fast-growing suburbs and rural edges. Start with our community pages:
- Mortgage broker in Tampa
- Mortgage broker in South Tampa
- Mortgage broker in Riverview
- Mortgage broker in Brandon
- Mortgage broker in Valrico
- Mortgage broker in Apollo Beach
We also regularly help buyers in Lithia and FishHawk, Sun City Center, Wimauma, Ruskin, Gibsonton, Plant City, Seffner, Dover, Thonotosassa, Temple Terrace, Lutz and Odessa.
What to plan for when buying here
- New construction with CDD and HOA fees in southern and eastern Hillsborough (Riverview, Wimauma, Lithia). Those fees count in your debt-to-income ratio, so we build them in from the start.
- 55+ communities such as Sun City Center, where many buyers use equity from a previous home.
- Waterfront and flood zones along Tampa Bay, Apollo Beach and South Tampa, where flood insurance can be required.
- Acreage and rural homes toward Plant City and Dover, where USDA-eligible areas may apply.
- Military households connected to MacDill AFB using VA financing.
DSCR loans for Hillsborough investors
Hillsborough has a deep rental market, from Tampa condos and single-family homes to newer communities in Riverview, Brandon and Valrico. With a DSCR (debt-service coverage ratio) loan, you qualify on the property's rental income instead of your personal income. DSCR loans are for investment properties only, and the loan can often be held in an LLC, subject to lender guidelines. CDD and HOA fees count as property expenses, so we build them in early.
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
Should I choose FHA or conventional in Hillsborough County?
It depends on your credit, down payment and the home. FHA has more flexible credit guidelines but carries FHA mortgage insurance, while conventional can cost less over time for borrowers with stronger credit. We'll compare both side by side for your situation.
Do CDD fees affect how much I can borrow?
They can. Lenders treat CDD and HOA fees as part of your monthly housing cost, so we include them when we estimate your price range.
Do I need flood insurance in Hillsborough County?
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 early so insurance costs aren't a surprise.
Can I buy a Hillsborough rental with a DSCR loan?
Yes. DSCR loans qualify on the property's expected rental income instead of your personal income, and the loan can often be held in an LLC. Eligibility and terms depend on the lender and the property.
Can you help outside Hillsborough?
Yes. We're licensed throughout Florida. Tampa Bay is our home base, but we help borrowers statewide.
Other areas we serve
Florida-wide broker; home base Tampa Bay.
Talk with Chad about your Hillsborough County, FL 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.