LGI Homes: Underwriting Process & Quality
Former Senior Land Acquisition & Development Analyst at LGI Homes
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LGI Homes: Underwriting Process & Quality(November 21, 2023)
Former Senior Land Acquisition & Development Analyst at LGI Homes
The expert is a Former Director of Land Acquisition at Century Communities and Former Senior Land Acquisition & Development Analyst at LGI Homes. He managed and underwrote major deals on the west coast, vetting acquisitions up to $100 million. He has successfully acquired more than 5000 single-family detached lodges. He is well-versed in the land acquisition process from development to sales, particularly in the North West region of the US.
Interview Transcript
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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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