Are Kings Point condos hard to finance?

Most are warrantable and finance fine, but each sub-association needs a project review for things like owner-occupancy ratio, reserves, and concentration of single-investor units. We pull this in early so you don't lose a deal at week three.

Is Travis a direct lender or a broker?

Broker. Travis brokers loans through a nationwide lender network in 38 states under Vision Mortgage LLC (NMLS 23007). That means he shops your file across multiple lenders to find the best rate and program. he is not tied to one bank's product set.

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

Yes. bridge financing or qualifying with the existing mortgage as a departure residence are both workable. Travis runs both regularly for Maine-to-Florida and Northeast relocations.

Sun City Center

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Mortgage & Financing

Sun City Center Mortgage Broker. Out-of-State Buyers, Snowbirds, and 55+ Financing

By Dewey Kopenga and Travis Penny. updated May 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+

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

Frequently Asked

Questions about mortgage & financing.

Yes. Asset-depletion programs convert your IRA, brokerage, and savings balances into qualifying income. usually by amortizing 70 to 80% of the eligible balance over the loan term. We close these every month for Sun City Center buyers.

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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