Mortgage Broker in Lithia, FL
247 Home Loans helps buyers and homeowners in Lithia, from the master-planned neighborhoods of FishHawk Ranch to rural homes and acreage near the Alafia River. Our Riverview office is just a short drive away, and we compare purchase, refinance and new-construction options from more than 20 wholesale lenders.
Where we help in Lithia
- FishHawk Ranch: the master-planned community and its newer villages
- New communities along FishHawk Boulevard, Lithia Pinecrest Road and Boyette Road
- Rural Lithia: homes on acreage toward the Alafia River and Alafia River State Park
What to plan for when buying in Lithia
- CDD and HOA fees: many master-planned communities here have community development district (CDD) assessments as well as HOA fees. Lenders count them in your monthly housing cost, so we build them in from the start.
- New construction: we can plan around builder timelines and compare your own financing with builder-preferred lender offers. You're free to choose your lender.
- Acreage and rural homes: wells, septic systems and outbuildings can add steps to the appraisal and inspections.
- USDA-eligible areas: some rural parts of the Lithia area may qualify for USDA loans. Eligibility depends on the exact address and household income, so we check the USDA map early.
DSCR loans for Lithia 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. Newer homes in family-oriented communities draw long-term renters, and DSCR loans can be used on single-family homes and townhomes. Remember that CDD, HOA and insurance costs count as property expenses. 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
Do CDD fees in FishHawk affect what I can borrow?
They can. Lenders count CDD assessments and HOA fees as part of your monthly housing cost, so we include them when we estimate your price range.
Can I use a USDA loan in Lithia?
Possibly. USDA eligibility depends on the property's exact location and your household income. We'll check the address on USDA's eligibility map and compare USDA with FHA and conventional options.
Do I have to use the builder's lender for new construction?
No. You're free to choose your lender. Builders sometimes offer incentives for using their preferred lender, so we'll help you compare the full picture, including the incentive, before you decide.
Can I buy a Lithia 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. Check HOA rental rules first.
Can you finance a home on acreage?
Often, yes. Wells, septic and outbuildings can add steps to the appraisal and inspections, and some loan programs have limits on land size or use. Tell us about the property and we'll find the right fit.
Other areas we serve
Florida-wide broker; home base Tampa Bay.
Talk with Chad about your Lithia 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.