Mortgage Broker in Pinellas County, FL
247 Home Loans is a Florida-wide mortgage broker with its home base in Tampa Bay, just across the bay from Pinellas. We help buyers and homeowners from St. Petersburg to Tarpon Springs compare purchase and refinance options from more than 20 wholesale lenders.
Pinellas communities we serve
We work across the peninsula, including St. Petersburg, Clearwater, Largo, Seminole, Pinellas Park, Dunedin, Safety Harbor, Palm Harbor, Tarpon Springs and Gulfport, plus the beach towns: Madeira Beach, Treasure Island, St. Pete Beach, Indian Rocks Beach and the Redingtons.
What to plan for when buying here
- Condos are a big share of Pinellas housing. Florida's condo safety laws (milestone inspections and reserve studies) affect which buildings lenders will finance, so we review the association early. Buildings that don't meet agency guidelines can sometimes be financed with non-QM or portfolio loans.
- Flood zones and insurance on the barrier islands and low-lying neighborhoods. Flood and windstorm premiums can change what you qualify for, so we get quotes into the numbers early.
- Older homes built before modern codes may need 4-point and wind mitigation inspections for insurance.
- Second homes and rentals near the beaches, where conventional second-home and DSCR investor loans are common. Beach towns set their own short-term rental rules, so check them before counting on rental income.
DSCR loans for Pinellas investors
Pinellas investors buy everything from St. Petersburg and Clearwater single-family rentals to beach-town condos. 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. Condo association reviews and flood insurance still apply, so we look at both 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
Can I finance a condo in an older Pinellas building?
Often, yes, but the building matters as much as you do. We review the association's budget, reserves and inspection status early, and if agency loans won't work, we look at non-QM and portfolio options.
Will flood insurance change what I can afford?
It can. Flood and windstorm premiums are part of your monthly housing cost. Getting quotes before you make an offer helps you avoid surprises.
Can I buy a Pinellas 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. Beach towns set their own short-term rental rules, so confirm what's allowed first.
Do you work in Pinellas even though your office is in Riverview?
Yes. Most of the process happens by phone and online, and we work with agents, title companies and appraisers throughout Pinellas.
Do condo or HOA fees affect how much I can borrow?
Yes. Lenders count condo and HOA dues as part of your monthly housing cost, along with taxes and insurance, so we include them when we estimate your price range. A pending special assessment can matter too.
Other areas we serve
Florida-wide broker; home base Tampa Bay.
Talk with Chad about your Pinellas 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.