LPT Realty’s Experts Are Here To Help
Whether you’re buying your dream home or selling your current one, our dedicated real estate experts are happy to help while providing exceptional customer service.
AFFORDABILITY CALCULATOR - See how much your payment will be.
Quite affordable.
By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.
LISTINGS
Exclusive Listing1/48 48Open Sat 3PM-6PM$ 565,000
4 Beds4 Baths2,787 SqFt348 CONWAY AVENUE, Saint Cloud, FL 34771
Single Family Home
Listed by LPT REALTY
Exclusive Listing1/32 32Open Sun 11AM-2PM$ 315,000
3 Beds1 Bath999 SqFt14109 NEWCOMB AVE, Orlando, FL 32826
Single Family Home
Listed by LPT REALTY
Exclusive Listing1/37 37Open Sun 11AM-1PM$ 399,900
3 Beds2 Baths1,456 SqFt2039 RIVERVIEW DR, Deland, FL 32720
Single Family Home
Listed by LPT REALTY
Exclusive Listing1/37 37Open Sun 12PM-2PM$ 325,000
2 Beds2 Baths1,320 SqFt3207 GREEN DOLPHIN ST, Tarpon Springs, FL 34689
Single Family Home
Listed by LPT REALTY
Exclusive Listing3DOpen Sun 11AM-1PM$ 999,900
3 Beds2 Baths2,007 SqFt7781 GRANDE SHORES DR, Sarasota, FL 34240
Single Family Home
Listed by LPT REALTY
Exclusive Listing1/34 34Open Sun 11AM-3PM$ 399,000
3 Beds3 Baths1,964 SqFt3314 FRESNO PL, Zephyrhills, FL 33541
Single Family Home
Listed by LPT REALTY
Articles
Chair The Love
There are an estimated 100 million people worldwide that need a wheelchair but don't have the means to have one. In our society it is easy to take mobility for granted. It is an essential part of living that is normal to us. This isn't the case in some parts of the world. Imagine what it would be like to be carried or have to crawl wherever you wanted to go. Imagine with limited mobility how difficult it would be to do the things that are so normal for us like going to school, church, or just visiting friends. Imagine how difficult it would be to your family members or caretakers. ChairTheLove.org is a non-profit organization that is working to improve the lives of people with disabilities all over the world by providing them with a simple wheelchair - a gift of mobility. Chair the Love aims to improve the quality of life for people with mobility impairments by providing them with the means to move around with ease and independence. Their mission is to create a world where every person with a disability has access to a wheelchair and the opportunity to live a fulfilling life. In the spirit of gratitude and giving back, for every transaction that I do, I'll make a donation for at least one wheelchair for ChairTheLove.org. So, whenever you do a transaction with me know that somewhere in the world someones life is going to change for the better. You don't have to wait to buy or sell a house. You can help rigth now! Make a concrete and definitive change in someone's life today. Please donate by clicking here or use the QR code below. Any questions or comments please contact Tony at 407-902-5206. https://floridarealtortony.com
Read more
Fix and Flip Loans
My wife watches quite a bit of rehab and flip shows on the television. It’s her dream to do a flip. You know, buy a cheap, run down house and fix it up and sell it for a humongous profit. Honestly, I’m on the fence about it. I mean I love the idea of a humongous profit but, being a very busy person, the added work doesn’t appeal to me. However, making a big fat paycheck at the end is still tempting. I’m sure there will come a day when I find the right deal and try it out for myself. Who knows, maybe I’ll like it. One thing I know for sure, I'll be using a fix and flip investor loan to make the process work. Fix and flip investor loans are specifically designed for real estate investors who buy properties with the intention of fixing them up and quickly selling them for a profit. These loans are typically short-term and have higher interest rates and fees compared to traditional mortgage loans. Fix and flip loans can be structured in different ways. Some lenders may provide the entire loan amount upfront, while others may disburse funds in stages and renovations progress. It really depends on the loan. Typically, these loans are available to investors with some experience and a track record of success. However, there are lenders that have less stringent requirements on experience, and some require no experience at all. If you are someone that is new to flipping, you may want to partner with a more experienced person on the project. Doing this might make things smoother for you and you can use your partners’ experience for the loan if needed. This would keep you from making new flipper mistakes that could be costly to you. After all, you probably want to live to flip again if you know what I mean. Whichever lender you choose they will require that you have proof of capital, experience, and a solid business plan. FICO scores are considered but usually go down as low as 600 FICO. A down payment of 20-30% will be required depending on the lender. The loans are typically short-term, ranging from a few months to a year. Repayment can be done in a few different ways depending on the loan. Lump sum payment: Once the property is sold, the loan amount along with the interest and fees is repaid in a lump sum. Interests only: Some lenders may allow interest only payment during the term of the loan, with the principal amount payable at the end. Monthly payment: In some cases, monthly payment of both principal and interest may be required until the loan is repaid in full. Make sure you have a clear exit plan. Having a clear and realistic exit strategy is essential. If you are unable to sell the property within the expected time frame, you may need to refinance or find alternative sources of repayment. It’s good to have a contingency plan in place…even in a hot market. Remember, fix and flip investments can be profitable, but they also carry risks. Proper due diligence, careful planning, and a thorough understanding of the market and financing terms are crucial for success. It's always a good idea to consult with your real estate professional and loan officers to ensure you make informed decisions. If you want to know more feel free to reach out, You can schedule a consultation by clicking here. Tony Hamblin NMLS#2232049 407-902-5206
Read more
Bridge Loan Basics
Imagine that you have decided to sell your house that you’ve either outgrown or maybe you want to downsize to a more manageable property. You’ve contacted your Realtor, signed the paperwork and put a for sale sign in the yard. Now, it’s just a matter of time, right? You’ve probably been looking for new homes already. What are you going to do if you find that dream home before your house is sold? You’re going to need the proceeds from your current property to buy this perfect home. Even in a hot market, it could take months to sell your current home. Your new perfect dream home surely will be sold to someone else and you know it. So, what do you do? A bridge loan might be the solution for you in this situation. A bridge loan, also known as interim financing or swing loan, is a short-term loan used to bridge a financial gap between the purchase of a new property and the sale of an existing one. It provides temporary funds to cover the down payment or closing costs on the new property until the borrower receives the proceeds from the sale of the old property. Your lender will look at your income, creditworthiness, value of current property and how much equity you have in your current property. Keep in mind that bridge loans typically have higher interest rates compared to traditional mortgage loans. These higher rates can increase your borrowing costs, so it's important to carefully evaluate whether the benefits of a bridge loan outweigh the additional expenses. The bridge loan will have a shorter-term repayment period. Typically, this is between 6 months to a year. In a market like we have in Central Florida this should be plenty of time, if the property is priced correctly, to sell your home. However, if you happen to need additional time, it can be added for an additional cost. So, if you find that dream home before you have sold your primary property, the bridge loan will secure the down payment and closing costs needed to secure the property before your current home is sold. Once your existing home is sold, you would use the proceeds to repay the bridge loan in full, including any interest and fees incurred during the bridge loan period. After repaying the bridge loan, you can transition to a long-term mortgage or other financing options for the new property. Talk to your lender to evaluate your current situation to see if this type of financing is going to work for you. At Mpire Financial we work with over 100 lenders and have many options for the borrower. A consultation will help you decide what is right for you. We’ll be happy to help you determine if it’s right for you. If you think you might need this type of help with financing or any other type of loan, feel free to contact me at 407-902-5206. I’ll be happy to evaluate your situation and guide you through the process. Click here to set up a consultation. Tony Hamblin NMLS#2232049 407-902-5206
Read more
Hometown Heroes Down Payment Assistance!
Hometown Heroes was first introduced in June 2022 to help make home ownership affordable for eligible frontline community workers living in the state of Florida. The program was intended as a down payment and closing cost assistance to first-time, income-qualified homebuyers serving as front line workers, first responders and military for purchasing a primary residence in the community where they work and serve. Qualified applicants were able to receive up to 5% of the loan amount up to a maximum of $25,000. The program also offered a lower first mortgage interest rate and additional special benefits to those who have served and continue to serve their country. Since its beginning, the program has helped almost 6,800 veterans, active-duty military members, nurses, teachers, and law enforcement officers purchase homes for their families. It just got BETTER! Starting on July 1st, 2023, the State of Florida has increased the maximum down payment assistance to $35,000 and opened the program up to any person that is employed in the State of Florida. That’s right! If you are working in the state of Florida you could qualify for the Hometown Heroes down payment assistance program. This makes homeownership more affordable for all Floridians and enables buyers to get into their dream home sooner than they could have imagined. Think about shifting from a rent payment to building equity in a home or paying your own mortgage instead of someone elses. For the 2023-2024 fiscal year Hometown Heroes has been funded with $100 million dollars. While these funds last, qualified borrowers can receive assistance. In addition, HomeTown Heroes can also be paired with other assistance programs to further increase the amount of help you receive. Qualified borrowers can get: Down payment and closing cost assistance is available in the form of a 0% interest, 30-year repayable second mortgage. Can be used for down payment or closing cost needs up to $35,000 maximum Almost any primary residence including: Single family residences 2-4 unit properties if the borrower occupies 1 of the units Condos Manufactured homes To be qualifiied you must be: First-time home buyer (not owned a property in the last three years) Employed full time by Florida based employer At least a 640 FICO score Meet income requirements If you meet these requirements you could be closer to home ownership than you think. You owe it to yourself to find out. Click the link below to start the process today. Don't delay! You want to apply before the funds run out. If you have further questions feel free to call or text me at 407-902-5206. If you know someone that might be a good fit for this program, please fee free to pass this information on.
Read more
DSCR Investor Loans
Today I want to explore DSCR loans in more detail, demystify their workings, and prepare you for a more complex understanding of these financial tools. What Exactly Are DSCR Loans? DSCR loans, which stand for Debt Service Coverage Ratio loans, are a financial instrument used by individuals, businesses, and real estate investors to secure funding for real estate based on income production of the property. These loans are particularly prevalent when purchasing real estate properties, but they can be applied in various financial contexts. The Core of DSCR Loans At its core, DSCR loans are all about evaluating financial risk. When you request a loan from a bank or lender, they need to determine whether you can comfortably repay the borrowed funds. That's where the DSCR ratio comes into play. Understanding the DSCR Ratio The DSCR ratio is a critical component of DSCR loans. It's a numerical value that indicates your ability to meet your financial obligations. To calculate the DSCR ratio, here's what's involved: Income: This includes all the money you receive regularly, such as your salary, rental income, or other revenue streams. Operating Expenses: These are the costs associated with maintaining the asset or investment you're financing. For instance, if you're buying a rental property, it includes expenses like property taxes, insurance, and maintenance. Debt Payments: This includes the monthly repayment amount for the loan you're applying for. The DSCR ratio is calculated by dividing your income by your total expenses and debt payments. The resulting number indicates how many times your income can cover your expenses and debt. A Practical Example Let's say you're considering buying a rental property. Your monthly rental income is $2,000, and your monthly operating expenses, including property taxes, insurance, and maintenance, total $1,500. You also want to secure a DSCR loan with a monthly payment of $300. Using the formula (Income / (Expenses + Debt Payments)), your DSCR ratio would be: ($2,000 / ($1,500 + $300)) = $2,000 / $1,800 ≈ 1.11 In this example, your DSCR ratio is 1.11, which means your rental income can cover your expenses and loan payment about 1.11 times over. A DSCR ratio above 1 indicates that you can comfortably cover your financial commitments. Why Opt for DSCR Loans? People turn to DSCR loans when they embark on substantial investments or business endeavors. These loans offer a way to secure financing while demonstrating to lenders that you have a solid plan for repayment. Wrapping Up In summary, DSCR loans are a financial strategy that relies on the Debt Service Coverage Ratio to assess whether you can manage loan repayments comfortably. This ratio measures how your income stacks up against your expenses and debt obligations. By understanding DSCR loans and the associated DSCR ratio, you're equipped with valuable financial knowledge that can serve you well in the future. Remember, responsible financial decisions start with a strong foundation of understanding. Continue your journey of financial literacy, and you'll be well-prepared for your financial future. For buying, selling and/or loan services call or text 407-902-5206 or click here - Consultation
Read more
FHA vs. Conventional Loans
FHA (Federal Housing Administration) and Conventional loans are two types of mortgage loans that are available to homebuyers. Here are some key differences between FHA and Conventional loans: Down Payment: FHA loans require a minimum down payment of 3.5%, while conventional loans typically require at least 5% to 20% down payment, depending on the lender's requirements and the borrower's credit score. Credit Score: FHA loans generally have more flexible credit score requirements compared to conventional loans. Borrowers with credit scores as low as 500 may qualify for an FHA loan with a 10% down payment, while conventional loans typically require a credit score of at least 620 or higher. Mortgage Insurance: FHA loans require borrowers to pay an upfront mortgage insurance premium (MIP) and an annual MIP, which can be rolled into the monthly mortgage payments. Conventional loans also require mortgage insurance if the down payment is less than 20%, but the cost and duration of the mortgage insurance vary depending on the loan-to-value (LTV) ratio and the borrower's credit score. Loan Limits: FHA loans have a maximum loan limit that varies depending on the county and the property type. In 2023, the maximum FHA loan limit for a single-family home ranges from $404,800 to $822,375, depending on the location. Conventional loans do not have a specific loan limit but typically follow the conforming loan limit set by Fannie Mae and Freddie Mac, which is $647,200 for a single-family home in most areas of the US in 2023. Property Types: FHA loans are primarily intended for owner-occupied properties, including single-family homes, townhouses, and condos. Conventional loans are available for owner-occupied properties as well as investment properties and second homes. In summary, FHA loans are generally more accessible to borrowers with lower credit scores and a smaller down payment, while conventional loans may offer more flexibility in terms of loan amounts and property types. Borrowers should consider their financial situation, credit score, and long-term goals when choosing between an FHA and a conventional loan. For buying, selling and/or loan services call or text 407-902-5206 or click here - Consultation
Read more
Free Guide: "How to Buy a Home"
Buying a home can be a complex process that requires time, know-how and patience. Enlisting the services of an agent — a professional who knows the ins and outs of buying and selling homes successfully — pays off. * Agents will be your guide through this process.
click here to download the file manually.
Get Your Home’s Value for FREE
Find out what your home is really worth in today's market.
1400 S International Pkwy, Ste. 1020, Mary, FL, 32746