Mortgage Broker in Sun City Center, FL
247 Home Loans helps buyers and homeowners in Sun City Center, the 55+ community in southern Hillsborough County, just down the road from our Riverview office. Many buyers here are retirees, downsizers or seasonal residents, and we compare options from more than 20 wholesale lenders to fit how your income and assets actually work.
Where we help in Sun City Center
- Sun City Center: single-family homes, villas and condos throughout the community
- Kings Point: condos and villas in the gated 55+ community
- Nearby 55+ and all-ages communities along SR 674 and US-301, toward Wimauma and Ruskin
What to plan for when buying here
- Retirement income: Social Security, pensions, annuities and retirement-account distributions can all count as qualifying income, and some programs can qualify you based on your assets.
- Using equity from a previous home: many buyers bring proceeds from a home they sold. If you're buying before your current home sells, we can talk through bridge and contingency options.
- Association approval and dues: age-restricted communities have their own approval processes and rules, and HOA or condo dues count in your monthly housing cost.
- Second homes: seasonal residents can use conventional second-home loans for a property they'll live in part of the year.
- Condos: Florida's condo safety rules affect which buildings lenders will finance, so we review the association early.
DSCR loans for Sun City Center 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. Many 55+ associations restrict or limit leasing, so DSCR loans fit best where rentals are clearly allowed; check the association's rules before you buy. 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 qualify for a mortgage on retirement income?
Yes. Social Security, pension, annuity and retirement-account income can count, and some programs qualify you based on your assets. We'll look at what you have and which options fit.
Can I buy in Sun City Center before my current home sells?
Often, yes. Depending on your situation, options can include a contingent offer, carrying both homes for a period or a bridge loan. We'll walk through the trade-offs.
Do HOA or condo fees affect how much I can borrow?
Yes. Lenders count association dues as part of your monthly housing cost, along with taxes and insurance, so we include them when we estimate your price range.
Can I buy a rental in Sun City Center with a DSCR loan?
Possibly. DSCR loans are for investment properties only, but many 55+ associations restrict leasing, so the association's rules come first. We'll help you check before you commit.
Do I have to drive to your office?
No, though our Riverview office is close by. 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 Sun City Center 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.