Down Arrow Icon
Tampa Branch

With its perfect mix of historic architecture and modern landmarks, Cuban and Spanish culture-infused flavor, vibrant business districts, beautiful waterways and beaches, Tampa is a wonderful place to work, play and unwind.Land Home Financial Tampa

Its downtown has come alive in recent years with more urban parks, including the gorgeous Tampa Riverwalk, more hip bars and innovative restaurants and amazing restorations to turn-of-the-century buildings

Tampa is known for being a great city for all ages and tastes, offering hotel accommodations that fit any budget and catering to everyone from the families to outdoor adventure seekers to foodies and wine connoisseurs. Once known as a melting pot for all cultures and settlers, Tampa remains a welcoming place for those seeking fun, opportunity and a chance to try new things.

New Homes TampaFor its 2018 Housing Forecast, realtor.com rated the top 100 markets according to factors including employment growth, household growth and unemployment. In all categories, Tampa Bay fares considerably better than the national average. The biggest demand will continue to be for “moderately priced homes” under $300,000.00.

The one category in which the bay area especially shines is new-home starts, predicted to soar by more than 20 percent next year.

That would ease one of the biggest constraints on the local real estate market — a shortage of homes for sale.

This will help increase inventory because it creates new homes for existing homeowners to trade up to and frees up existing homes. Tampa is not expected to have brisk sales growth but 1.3 percent is a pretty healthy market from the sales side.


20 Reasons to Join Land Home Financial

20 Reasons to join LHFS

Land Home is a privately-owned mortgage banker, opened in 1988. We strive to promote and live by a community-based philosophy with our external customers and internal LHFS community. Land Home Financial is committed to servicing its customers by providing home loan options that best fit their needs.

Does Your Company do the following:

  1. Service over 90% of your closed loans?
  2. Send monthly mortgage statements with your picture and contact information?
  3. Pay you a yearly Residual bonus on your serviced loan volume, year over year?
  4. Pay you same BPS on all funded loans including DPA’s and Bond Loans? With NO pay tiers!
  5. Have payroll cycles that DO NOT end on last day of the month? (This is huge)
  6. Offer a zero-employee cost health insurance plan for employee only coverage?
  7. Allow MANUAL U/W down to 580 on FHA & VA loans
  8. Have zero hits to price due to credit score or loan amount on FHA & USDA loans above 620?
  9. Have zero price hits due to credit score or loan amount on VA loans over a 600?
  10. Respect our Veterans by not charging any lender fees on VA Loans?
  11. Is the Master Servicer of their own Down Payment Assistance suite of products?
  12. Offer a 1% down Freddie loan with lender paid MI?
  13. Offer DPA products down to a 620 score?
  14. Offer a full suite of products for Manufactured Housing, including Construction to Perm?
  15. Have an internal appraisal desk, thus eliminating the need for an AMC?
  16. Has their own US based Contact Center that will call on behalf of your realtors to invite the public to their Open Houses?
  17. Have a Boarding Department resource that helps you navigate and get acclimated during your first 120 days.
  18. Has a one-page sheet of internal overlays? We U/W to the AUS Findings!!
  19. Have over 5 Billion dollars in their Servicing Portfolio? Significant monthly cash flow!!
  20. Locate your branch on “Main Street” in your community?

How many NO’s did you come up with? At Land Home Financial, we say YES to all of these and more.

With all these features, could you see yourself making more money? We would enjoy the opportunity to have a confidential conversation to see if Land Home Financial is a fit for you!

 

 


Experience the Difference

Experience the Difference

At Land Home Financial we pride ourselves on smart communication to our buyers and expediting the process as efficient as possible. Experience the Difference with Land Home Financial and allow us to find you the perfect home mortgage product.

Land Home Financial VA Loan

Meet Ms. Annie M.: A spouse of a veteran that used her deceased husband’s VA eligibility.

We were able to offer her our Amazing VA Loan Program and the mortgage transaction closed with no lender fees, no down payment, no PMI and no funding fee.

VA Loan Land Home Financial

 

Meet Nicholas K! Land Home Financial Down Payment AssistanceHe was able to take full advantage of an “exclusive” option to Land Home, our HOUSE2HOME mortgage product!

He was able to save thousands with this down payment assistance program. Feels great helping like we do!!

House2Home Land Home Financial

Before you get started, call us (813) 918-1620, we’ll do our diligence to get you pre-approved quickly and guide to the best home mortgage product for your situation. By being a Direct Community Lender, we simply provide programs that other lenders simply cannot offer!

 

 


We Hire the Best

Do You Have What it Takes?

Land Home Financial Services, Inc has been helping individuals, couples and families get pre-approved for a home mortgage, offering the “right” mortgage for their situation and expediting the mortgage process as efficient as possible. We deliver from “pre-approval to close” with unmatched service by providing the right product and “Hiring the Best” in the industry! Our Loan Originators and Support Staff are focused on getting the mortgage closed properly as quick as possible!

Work for Land Home Financial Florida

LinkedIn_Recruiting_invest   And Here’s Why:

  • We service our own loans & bonus our LO’s year over year from the servicing
  • Company paid assistances to support each branch
  • Coaching & Training available for experienced Originators
  • We have our own Appraisal Desk – no AMC
  • Little to no Over-Lays (we go by AUS)
  • Originators can submit TBD files for Underwriting
  • LO’s submits directly to Underwriter to expedite Loan Commitments
  • We support our Originators offering DPA Loans
  • Our Underwriters actually call you to avoid suspending a file
  • Our processors chase conditions, not our Originators

 

If you live in Florida, have originated a minimum of 24 loans or more for at least 2 years – then WE Need to Talk!

Contact me ANYTIME including after hours or weekends!

 

Vincent Ortiz, Loan Officer

Direct 407.625.9093 Land Home Financial Loan Officer

Vincent.Ortiz@lhfs.com

 


2019 Current Real Estate Trends

Okay, 2018 was quite the tease in the housing market. The year started out hot, only to taper off halfway through. But plenty of Americans still traded their For Sale signs for Sold ones, and they’ll usher in the new year from the comfort of their new homes. So will 2019 bring more of the same results? How will the housing market shake out in the current economic climate?

Whether you’re selling your home, buying or staying at your current home, here are the 2019 home real estate trends you need to know!

#1: Home Prices Are Rising Slowly

Unless you’ve been living under a rock, you’ve heard that during the course of 2017 and early 2018, home prices made a giant 10% jump. Wow! This year, however, may be a different story. Home prices are estimated to rise in 2019, but at a much slower pace, and the number of homes for sale is expected to increase by a mere 1%.

What’s the reason? Well, part of the slowdown is due to increased mortgage interest rates and another part is because of overall economic uncertainty. That combination is enough to discourage many buyers who are on the fence about purchasing a home.

Find expert agents to help you buy your home.

But there are still eager buyers in the market, and many of them are looking for newly built homes. In fact, new home construction is projected to increase by 8% in 2019. That’s the good news. Here’s the bad news: There just aren’t enough new homes to go around in some areas. Plus, construction companies also don’t have the manpower to keep up with demand.

What’s the bottom line? Expect the new construction that is available to go for a higher price.

What Higher Prices Mean for Sellers

A nice profit may be on the horizon! The number of homes sold next year is still expected to rise, even if it’s at a slow pace. That’s great news for sellers! But keep in mind that a lot of buyers are being priced out of the market, which could lead to fewer offers for your home.

So what should you do about this? Be aware of your competition. With less offers to go around, you want your home to really stand out from similar ones in your area. Prepare your home for potential home buyers and work with a real estate agent to help you list your home at the right price.

And be sure to wait for the right offer. Some buyers may try to gut punch you with a low number. If you aren’t in a hurry to move, wait for an offer that gives you the most profit. Remember, the less desperate person always has the upper hand when negotiating!

What Higher Prices Mean for Buyers

If you’re going to buy a home in this expensive market, you absolutely must find out how much house you can really afford.

Commit to staying within that budget amount. Don’t rush into a home purchase that doesn’t make financial sense for you no matter how much pressure you feel watching competitors pluck good homes off the market. You could screw up your finances!

A down payment that’s less than 10% could strangle your budget with massive monthly mortgage payments. But if you want to get prepared to buy and you’re committed to your budget, here are some options to consider:

  • Keep saving. If you stay patient and motivated, you can save for a 5-figure down payment by next year.
  • Sacrifice some wants. If you can’t afford to buy the house you want, be willing to give up some “nice-to-haves” for your “must-haves.” Find the least expensive home in the best neighborhood you can afford and you can upgrade as your income and savings increase over time.
  • Expand your search. What if the location where you’re planning to buy is what’s busting your budget? You might be surprised at the gem you can find in a less popular neighborhood.

Buying a home can be stressful, there are many “homebuyer guides” that can help you streamline the process! It’ll help you think through all the important parts so you can rest easy when your dream home is officially yours.

#2: Mortgage Interest Rates Are on the Rise

Mortgage interest rates are on the rise after years of being at a standstill. Interest rates are projected to increase to an average of 5% for a 30-year mortgage and 4.4% for a 15-year mortgage.

It’s been seven years since mortgage rates were this high. But despite grumblings, that doesn’t mean the economy is in trouble. It actually means the opposite! To help stabilize the strong economy and rising inflation during the past few years, the Federal Reserve increased short-term interest rates. It’s somewhat natural to see a trickle-down effect to the bank level like what we’re seeing now with mortgage interest rates.

The increase basically means more people are willing to spend and borrow. Still, expect things to be a little different next year as buyers and sellers adjust to these changes.

What Higher Mortgage Interest Rates Mean for Sellers

In a nutshell, plan for your house to be on the market a little longer and prepare to possibly receive fewer offers. A mortgage is a big commitment, and adding higher interest rates to the mix will make many buyers pause. Partner with a relator who understands the current market. They’ll help you set expectations for how much you can make, and how long you’ll have to wait for the right offer.

What Higher Mortgage Interest Rates Mean for Buyers

Even though mortgage interest rates are the highest they’ve been in a while, they’re still relatively low. If you’re not buying with cash, be smart and go for a conventional 15-year fixed-rate mortgage. That way, you know exactly what your payment will be over the life of the loan.

#3: The Majority of Home Buyers Are Millennials

Move aside, baby boomers and Gen Xers! Guess who’s taking the over the homeowner leaderboard? Yep, you better believe it. Millennials are busting out all over. They’re getting older and finding stable careers. Their household income has increased to $88,200, and they’re looking to buy their first homes in middle and upper-middle class neighborhoods.

This works out perfectly for them as more baby boomers are retiring and downsizing. Next year, millennials will lead the way in number of mortgages, accounting for 45% of the market. They’ll be followed by Gen Xers at 37% and baby boomers at 17%.

In 2019, millennials will lead the way in number of mortgages, accounting for 45% of the market. They’ll be followed by Gen Xers at 37% and baby boomers at 17%.

What More Millennial Home Buyers Means for Sellers

Here are three important words: Know your buyer. Millennials are internet savvy and do their research before house shopping. They look for:

  • Easy online shopping. The home search starts online for millennials, so you need to make the best possible impression on the internet. Make sure you invest in high quality photos, and, for extra measure, consider using a drone to take aerial video footage.
  • Quality over size. Yes, square footage matters. But millennials are more concerned about how sustainable and usable each space is. Get rid of your junk so they can visualize a bright future in your home without your stuff there.
  • Location. A lot of millennials are looking for homes that offer big city life at a more affordable cost of living. If your home is in a walkable area with access to public transit, expect millennials to come knocking at your door.
  • Low-maintenance lifestyle. Millennials are used to living in the age of high-tech advances and Amazon Prime. They’re looking for energy-efficient homes with smart appliances. If you don’t have them, they’ll look elsewhere or lower their offer so they can upgrade after they buy.

What More Millennial Home Buyers Means for Buyers

Okay, if you’re looking for a three-bedroom, single-family home in the suburbs, expect to have a lot of competition. You may have to reprioritize what you want in a dream home. Follow these tips:

  • Know what you want. Decide what you absolutely need in a home. If you’re married and house hunting, you and your spouse need to agree on must-haves. Compare your individual lists and combine them for your real estate agent to use as the foundation of your home search.
  • Write a letter. Sending a personal story to your seller might be just the thing that makes you stand out from similar offers.
  • Hire an experienced pro. Last year, 90% of millennial home buyers used real estate agents to purchase their homes. Think they’re onto something? You bet! Don’t try to buy on your own.

What If I’m Not Buying or Selling a Home This Year?

You may be thinking, All this is great, but I’m not going anywhere anytime soon. We hear you, and here’s what you should know for now:

1. Equity will likely continue to increase by 2–6% each year until 2020.

With most housing markets at low risk for a downturn, last years Housing and Mortgage Market Review estimated home prices will continue to rise for the next couple of years, with annual increases of 2–6%. Who-hoo for sellers! If you sell your house before 2020, you’ll likely still make a great profit.

2. From what we can see, the real estate market is not going to crash.

With such fast-rising mortgage interest rates, some are wondering if the housing market could collapse again. Well, it’s impossible to know for sure, but a number of factors indicate a housing crash is not in the foreseeable future and the economy is still strong. Here are some indicators:

  • People are spending money.
  • There’s a low unemployment rate and new career opportunities..
  • Millennials want to buy.
  • Taxes are lower.

3. Regardless of your neighborhood, buyers are interested.

Even though buyers in 2019 may be more selective, determined ones might be willing to consider neighborhoods that don’t have easy access to highways or aren’t in close proximity to a big city. If you think you live in an unpopular neighborhood or believe your home isn’t what buyers are looking for, think again. Now may be your perfect time to sell.


Annual New Home Sales Update

Slight Gain in 2018

Sales of newly built, single-family homes posted a yearly gain of 1.5% in 2018, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The sales numbers rose 3.7% to a seasonally adjusted annual rate of 621,000 units after a downwardly revised November report.

“The slight gain for 2018 new home sales reflects solid underlying demand for homeownership,”

“Housing affordability remains a challenge across the country, but conditions have improved in early 2019, as illustrated by the recent uptick in builder confidence.”

“Despite a period of weakness in the fall, new home sales ended the year with a small gain,” said NAHB Chief Economist Robert Dietz. “While the December sales pace improved on a monthly basis, the current rate of sales remains off the post-Great Recession trend due to housing affordability concerns made worse by the rise in mortgage interest rates at the end of the year. We expect lower mortgage rates in the early months of 2019 will lead to additional new home demand.”

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed.

Weathering Seasonal Times

In addition to adjusting for seasonal effects, the December reading of 621,000 units is the number of homes that would sell if this pace continued for the next 12 months.

The inventory of new homes for sale continued to rise in December to 344,000 homes available for sale. A year prior, new single-family home inventory stood at 294,000. The median sales price increased in December to $318,600, although it is lower than a year ago when the median sales price was $343,300. This is primarily due to the rising use of price incentives and a slow change toward additional entry-level inventory.

Regionally, on a total year basis for 2018, new home sales declined 16% in the Northeast and 1% in the West. Sales rose 4% in the South and 6% in the Midwest.

Land Home Tampa

At Land Home Financial Services, Inc, we understand the needs of each family and situation; ultimately matching the “right” mortgage product and handle it from “Pre-Approval to Close.” We’d love to hear from you!


New Homes Sales Update

Land Home Financial Florida New HomesSales of newly built, single-family homes posted a yearly gain of 1.5% in 2018, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The sales numbers rose 3.7% to a seasonally adjusted annual rate of 621,000 units after a downwardly revised November report.

 

“The slight gain for 2018 new home sales reflects solid underlying demand for homeownership,”

“Housing affordability remains a challenge across the country, but conditions have improved in early 2019, as illustrated by the recent uptick in builder confidence.”

“Despite a period of weakness in the fall, new home sales ended the year with a small gain,”

“While the December sales pace improved on a monthly basis, the current rate of sales remains off the post-Great Recession trend due to housing affordability concerns made worse by the rise in mortgage interest rates at the end of the year. We expect lower mortgage rates in the early months of 2019 will lead to additional new home demand.”

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed.

New Home Lumber PricesIn addition to adjusting for seasonal effects, the December reading of 621,000 units is the number of homes that would sell if this pace continued for the next 12 months.

The inventory of new homes for sale continued to rise in December to 344,000 homes available for sale. A year prior, new single-family home inventory stood at 294,000. The median sales price increased in December to $318,600, although it is lower than a year ago when the median sales price was $343,300. This is primarily due to the rising use of price incentives and a slow change toward additional entry-level inventory.

Regionally, on a total year basis for 2018, new home sales declined 16% in the Northeast and 1% in the West. Sales rose 4% in the South and 6% in the Midwest.

At Land Home Financial Services, Inc, we understand the needs of each family and situation; ultimately matching the “right” mortgage product and handle it from “Pre-Approval to Close.” We’d love to hear from you!


Florida Real Estate 2019 Snapshot

Housing Forecast for 2019

In its U.S. economic and housing market outlook for 2019, CoreLogic economists forecast growth in home prices to drop by one percentage point as higher interest rates impact the mortgage market, homeowners have an incentive to retain their current low-rate mortgages and new listings. But Florida’s housing market is projected to do very well next year.

Digging into Design in South Florida

In the last cycle, the Miami-Fort Lauderdale real estate market has given rise to audacious and groundbreaking architecture. Looking to outdo their peers and competitors, some local developers have enlisted the services of global A-list building designers. Even mundane commercial projects such as parking garages and train depots are now getting artistic treatments, making them signature structures in South Florida.

8th Highest Home Vacancy in the Nation

The number of vacant homes in Florida was more than 144,000 in the third quarter of the year, a 3 percent decrease over what it was a year ago, according to new real estate numbers reported by ATTOM Data Solutions. Florida had the eighth highest home vacancy rate among the 50 states and District of Columbia in the analysis.

Let’s Talk Central Florida

In Central Florida the “mixed message” of South Florida is echoed. On the one hand, commercial projects and residential housing starts are reacting to the $10 billion-plus in infrastructure projects underway in this region. In
downtown Orlando alone, there is more than 1 million additional square feet of construction underway. As for single-family and multifamily housing developments, the third-quarter of 2018 saw an increase of housing starts of 15% over third-quarter 2017. But, this may end in a pricing fiasco like the Miami luxury market suffers from in 2019 if oversupply becomes an issue.

Across other areas of Florida we find more ups than downs. For instance, in Escambia County in the panhandle prices in 2018 went up as low inventory peaked demand and a pricing war. Santa Rosa County saw a similar situation accentuated by sluggish housing starts. This HUD report reveals the situation for Pensacola and surrounds. In Tampa a downtown rejuvenation project promises to lift the city, and an overall lack of residential inventory, the wider region a bright spot for the overall Florida market.

The Verdict for Florida 2019

The verdict for Florida in 2019 seems to be stagnant growth, all aspects considered. Fears of recession and the sluggish stock market further hamper luxury and upscale residential sectors, and oversupply in an already crowded state do nothing but worsen the situation. Pending housing sales in places like Sarasota are key indicators for me. Northeast Florida seems like a bright spot in the overall outlook as new property comes on the market that was previously locked up, and since eCommerce has created a demand for distribution projects.

Overall, Florida will follow the blueprint predicted by Mansion Global, succumbing to the reality of the “vanishing home buyer.” The state won’t see a great house buying recession exactly, but the state will become a massive buyer’s market. There was just too much speculation from 2016 onwards. Losses for so many projects are going to hit a lot of people, this is the bottom line.


Welcome to Land Home Financial

Your Preferred Direct Community Lender

Since 1988, Land Home Financial has been serving communities nationwide with honesty, expertise, and a personal touch.

We provide diversified funding options and consistent, superior, personalized service to our clients and partners, including: homebuyers, mortgage brokers, builders, manufactured and modular home retailers, and real estate agents.

Get Qualified with Land Home Financial

Have a look at a just a few of the reasons that more and more Americans are choosing Land Home Financial Services:

Land Home Financial - Get Qualified

Whether you are looking to purchase a home, refinance your current mortgage, or get a reverse mortgage, our expert Loan Originators here at Land Home Financial can walk you through the process in-person or over the phone.

Success comes from Great People

Our goal is to create and maintain an environment where employees can contribute creative ideas, seek challenges, assume leadership roles, and continue to focus on meeting and exceeding both business and personal objectives. To grow, we find it essential to provide each associate on-the-job development, supplemented with suitable training as necessary.


Corporate Community Lending Program

Corporate Community Lending Program

Land Home Financial's Corporate Community Lending Program

Land Home Financial Services, Inc was founded on helping stabilize families and companies by providing unmatched specialized lending services. As a Direct Community Seller & Servicer of lending products we have opportunities to create and serve companies with our Corporate Community Lending Program.

Set Your Business Apart

Provide you employees with this exclusive program and receive these benefits:

  • Customized Branded Landing Page for your website
  • Dedicated Phone Line and Email for timely and personalized customer service
  • Reduced Lender Fees for your employees
  • Homebuyer Education and Preparation Services
  • Down Payment Assistance Programs

 

Land Home Financial's Promise to Serve Corporations

 

Your Company’s Unique Value Proposition

Research shows that employees who work for companies that provide programs that assist in the education and facilitation of homeownership, experience:

  • Greater Workplace Satisfaction
  • Fewer Sick & Personal days
  • Overall improved Mental & Physical well-being
  • Sense of Community
  • Financial Security

This means less doctor’s visits & lower healthcare costs – for YOU, the Employer!

 

Corporate Benefits Package

Land Home Financial Service for Your Employees

Home Ownership with Land Home FinancialCommunity INSPIRED – Community FOCUSED – Community DRIVEN

 

We are proud to become your Corporate Community Lending Partner. Contact our office TODAY – see how easy it is to GET STARTED!


Single-Family, Townhome or Condominium?

Which Home Style fits You?

Whether you’re first-time home buyer, downsizer, upgrader or simply just trying to picture your life owning your own space in Tampa, we’ve broken it down to give you positives and negatives to owning each style of dwelling.

Single Family Home

Owning a home can offer a variety of positives as well as considerations based on your goals and desires as a person, couple or growing family. Certainly a single-family offers more space for families that are growing. In addition, homes tend to be a better investment vehicle with generally a higher demand and freedom to build, expand and renovate as needed. Land Home Financial Single-Family Home

Considerations to owning a single-family home versus a townhome or condominium usually mount up in cost to maintain. Owners are typically responsible for all maintenance.

Condominium

Usually less expensive by equal comparison to a single-family home as the building maintenance is managed by the homeowner’s association for a monthly fee. These costs go to lawn maintenance, the common areas including the gym, pool, mail center, security gates and general property care. Land Home Financial Condominium

Considerations to owning a condominium would be that there is less space for growing families yet may be ideal for singles or couples as well a few others. They are generally a weaker investment than a home and harder to differentiate with less options in expansion and renovation.

 

Townhome

Owning a townhome generally can be less expensive than a single-family home due to the maintenance being offset through the association fees as well as minimal yard and garden spaces to maintain. Land Home Financial Townhouse

A townhome is a weaker investment compared to a home yet stronger than a condominium. Also, you have fewer neighbors as well as more property to enjoy. The same considerations with expansion and renovation apply when choosing a townhome over a single-family home.

Final Words

Life’s filled with endless opportunities such as travel, study, flatting, social events, must-have retail products, thoughts of marriage and possible children.

Home ownership is often the afterthought, in a series of decisions that ultimately affects our financial position and timing in acquiring our own piece of turf.

If you aren’t lucky to have your parents fund your travels or university, there are choices to be made: do you work and save for a house? Or do you travel? Or do you study then work and save for a house? Or do you get married and have children then work and save for a house?

The end result is that there is always going to be a sacrifice along the way. So if home ownership is your ultimate goal, something is going to have to take the back seat.