LGI Homes reviews

Wish it was a more hybrid company allowing us to be remote twice a week.

• Compliance concerns. In Florida, sales staff are often expected to handle prequalification conversations that may go beyond the typical scope of a real estate license. Although one loan officer is assigned to the region, the sales team — who are paid on a draw — end up doing nearly all of the initial prequalification work that a licensed mortgage loan originator (MLO) would normally handle. This includes pulling credit, calculating front-end and back-end debt-to-income ratios, and giving buyers a yes-or-no decision on whether they can move forward with a contract before ever speaking to a licensed MLO. These activities may fall within what Florida law defines as mortgage loan origination, yet they are carried out by employees who are not licensed as MLOs. In practice, this makes salespeople the gatekeepers of the lending process, determining who advances and who is turned away — even though those employees lack the required licensing or training. Internally, this is framed as a cost-savings measure, presented under the idea of “building a relationship” with buyers, so salespeople are expected to be happy doing it. • Unqualified credit counseling. Beyond prequalification, sales staff without formal mortgage training are also expected to give buyers advice on “cleaning up” their credit reports — such as which accounts to pay in hopes of raising scores. LGI does not charge for this guidance, which is likely why it avoids Florida’s Credit Service Organization (CSO) registration requirements. But consumers are still spending money to pay debts based on this advice, and many later grew frustrated when their scores didn’t improve at all. These practices leave consumers believing they are working with licensed mortgage professionals or qualified credit counselors, when in fact they are not. This places employees in an uncomfortable position outside the proper scope of a real estate license and raises serious consumer-protection concerns that leadership has never adequately addressed, even when raised by sales staff. • Loan sales model. According to management, the company also profits from reselling loans, which management cited as a reason buyers are often pushed into higher interest rates instead of being offered the most competitive market rates. This structure benefits the company financially while making homes less affordable for consumers. • Misleading pay promises. We were told we could easily be earning well over $150,000 annually in the Jacksonville metro market. In reality, few were celebrated for making that while I was employed, unless they were selling the higher-priced Terrata Homes line. Most were selling the “Complete Home” or “Complete Home Plus” product, where those earnings weren’t realistic. • Toxic workplace ignored. A hostile, negative team member drove out colleagues. Despite repeatedly bringing this up to HR and leadership, no meaningful action was taken. Instead of accountability, this person was rewarded, which damaged morale and trust. • Stone-age systems. The company continues to rely on outdated, paper-heavy processes, lacking a modern CRM or remote accessibility. Competitors are far ahead technologically. • Uncompetitive product. The homes being sold were in an aging community with dated amenities. One walk through the gym and clubhouse often deflated buyer excitement. Competing builders offered brand-new infrastructure, more substantial Realtor incentives, and more attractive financing options. • Lead quality issues. Many prospective buyers struggled to qualify because LGI’s pricing and interest rates often left them unable to fit within the FHA’s strict debt-to-income requirements. This wasted significant time and made consistent sales success nearly impossible. • Rigid financing practices. Even when appraisals supported higher values, buyers couldn’t roll additional costs into the loan for concessions such as closing costs or rate buy-downs. Multiple sales were lost to outside lenders who could offer better deals.