IP InterviewPublished November 23, 2023Conducted November 21, 2023
LGI Homes: Underwriting Process & Quality
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Once they have this graph of price per square footage, what's the next step?
In the case of LGI Homes, they aim to be affordable, so they always want to position themselves below the trend line. They are not a luxury home builder, so they strive to be the affordable option.
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No, I'm not.
LGI Homes takes FHA loan eligibility into account in their underwriting process. They aim to price their homes below the FHA loan limit to ensure that potential buyers can afford the down payment.
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