Are Kings Point condos hard to finance?

Most Kings Point units are warrantable and finance normally, but each sub-association needs a project review covering owner-occupancy ratio, reserves, insurance, and single-investor concentration before a lender approves the loan. We pull this project review in early so a condo-approval problem never surprises you at week three of a contract. If one lender's guidelines reject a project, a broker can move the file to a lender whose condo overlay accepts it.

Is Travis a direct lender or a broker?

Travis is a mortgage broker, never a direct lender. He is individual NMLS 1649161, affiliated with Vision Mortgage LLC, NMLS 23007, licensed in Florida and Maine, and he shops your file across a nationwide lender network rather than one bank's product set. That structure means he is not tied to a single institution's rates or overlays, which matters most for the unusual files retirement and relocation buyers bring.

Can I close in Florida while I still own a home up north?

Yes. You can either use bridge financing or qualify while carrying the northern home as a departure residence. Both paths are workable and let you close in Florida before the old home sells. Travis runs both structures regularly for Maine-to-Florida and Northeast relocations, coordinating with Dewey so the Florida purchase and the northern sale line up cleanly.

Sun City Center

📞 (813) 576.3131

Mortgage & Financing

Sun City Center Mortgage Broker: 55+ & Snowbird Loans

By Dewey Kopenga and Travis Penny. updated July 2026

TL;DR

Travis Penny brokers loans in 38 states through a nationwide lender network, and lives inside the relocation buyer's reality every day. Specialties for Sun City Center: asset-depletion qualification for retired buyers, condo financing for Kings Point, snowbird second-home loans, jumbo, and Maine-to-Florida bridge financing. NMLS 1649161 / Vision Mortgage LLC NMLS 23007.

Individual NMLS

1649161

Company NMLS

23007

States licensed

Years in mortgage

20+

The short answer

Financing a Sun City Center home as a retiree is very doable, but it usually calls for a mortgage broker rather than a retail bank. Travis Penny is a mortgage broker, never a lender, licensed in Florida and Maine, individual NMLS 1649161, affiliated with Vision Mortgage LLC, NMLS 23007. The reason a broker matters here is that retirement income looks unusual on paper: you may show little W-2 income while holding substantial IRA and brokerage assets. Asset-depletion programs convert those balances into qualifying income, so a paid-off career and a strong nest egg become an approvable loan file. Kings Point and other condo purchases add a project-review step, where the lender checks the association's owner-occupancy ratio, reserves, and investor concentration before approving. Snowbirds buying a second home, jumbo buyers in Renaissance, and Maine-to-Florida movers using bridge financing all have workable paths. Because he shops your file across many lenders instead of one bank's shelf, a broker can match the right program to your situation. No specific rate or payment figure is quoted here; those depend on your file and the market on the day you lock.

The most common question we get is whether to take a mortgage at all. If you have the cash, read our cash or mortgage guide or run your own numbers on the cash vs mortgage calculator.

Why retirement buyers need a broker, not a bank

Retirement income looks different on paper. You may have minimal W-2 income but $1.5M in IRA assets, a paid-off home up north, and rental income with depreciation that lowers your tax return. A retail bank loan officer will tell you that you don't qualify. A broker who runs asset-depletion programs and understands the 55+ buyer profile will close the loan.

Loan programs we use most for Sun City Center buyers

◆Asset depletion: qualifies you using IRA, brokerage, and savings balances rather than W-2 income
◆Conventional 30-year: for buyers with strong retirement income on tax returns
◆Condo / warrantable condo loans: required for most Kings Point purchases; the project-approval piece matters
◆Jumbo: for higher-end Renaissance and waterfront purchases
◆Bridge financing: close on the Florida home before the northern home sells
◆Second home / snowbird: owner-occupant rate treatment with the right structure
◆DSCR: for investor buyers using rental income only

What hurts a Sun City Center mortgage approval

◆Non-warrantable condo project (some sub-associations need careful review)
◆Recent self-employed income with heavy write-downs
◆Unpermitted additions or lanai conversions in the appraisal
◆Roof age past lender thresholds (typically 15 years for FHA, 25 for conventional)
◆Unresolved 4-point or wind-mit issues

Keep reading

Mortgage answers for retirement buyers.

Can Retirees Qualify for a Mortgage in Sun City Center?

A lender cannot deny you simply for being retired or older. What matters is stable, documentable income and an acceptable credit and debt profile. Ret

Can I Buy a Home Using Social Security Income?

Lenders treat Social Security like other stable income. You document it with your benefit award letter and recent deposits. Because part of Social Sec

Can I Qualify for a Mortgage Using IRA or 401k Withdrawals?

Regular distributions from an IRA or 401k can count as qualifying income when they are expected to continue. If you are not yet taking distributions,

Can Asset Depletion Help Me Buy a Home in Florida?

An asset depletion loan converts your eligible liquid assets into a qualifying income figure using a lender formula. It is designed for buyers who hav

Can I Buy in Sun City Center Before Selling My Home Up North?

You can often buy in Sun City Center before your current home sells. Options include qualifying with both payments, bridge financing, or using assets,

What Mortgage Options Work Best for Snowbirds?

Snowbirds often finance a Sun City Center home as a second home, which typically has its own down payment and occupancy rules. Retirement income and a

Frequently Asked

Questions about mortgage & financing.

Yes. Asset-depletion programs convert your IRA, brokerage, and savings balances into qualifying income, usually by amortizing a large share of the eligible balance over the loan term. Retired buyers with strong assets but little W-2 income qualify this way every month.

The key is documenting the accounts correctly and choosing a lender whose asset-depletion overlay fits your balances. As a broker, Travis matches your file to the program that treats your assets most favorably.

Keep reading

More on living in Sun City Center.

Cost of Living

What a retired couple really spends here each month.

Safety & Hurricanes

Crime, evacuation zones, flood risk, and year-round weather.

Relocation Guide

How out of state buyers plan the move to 33573.

Compare Communities

Sun City Center proper vs Kings Point vs Renaissance.

Ready when you are

Get the answer for your situation.

One 30-minute call covers property strategy and financing. Dewey and Travis on the line together.

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