I am In the New home business as well.......and if your building new or buying Inventory as far as what lender to go with most home builders tend to give greater incentives if you go with their prefered lender. For Instance the company I work for, Meritage has an in house lending company which is very competitive by the way and they will give greater incentives if you use the in house lender as well as pay 2% of your closing costs. Keep in mind most everything is negotiable so It just depends on what you buy.

My Fiance and I are both in the New Homes business for Diff. companys and know plenty of people in this business(Realtors, friends that work for other builders, ect.) so If you or anyone in this thread have questions or just want to know some facts, you know where my PM button is.

 

What Company do you work for???

 

well my wife works for Chase if u want she can help u out
she is the loan officer there

 

Modsquad
FWIW- An incentive is just an appology for pricing the home incorrectly the first time.

I would love to show you what our company can do for you whenever you get ready. We have been building homes for over 50 years, and I'm sure we have the Perfect home for you, and we can build it exactly how you choose. Also if you have less than 7 months on your truck loan it wont go against your debt to income ratio.

 

pm sent to 99 frc and scalemaster

 

Yeah, in the bigger scheme of things, $0 will make my payment inch up a bit, BUT, it will allow me to keep some money in savings for my rainy day fund instead of having to build that fund back up. I had to put some $$ with the truck to make it go away & I did some other dumb **** (well only because I'm house hunting) by buying more **** for my car, lol instead of putting that in my house fund like I should have.

I'll drop you a PM & we can talk, I'm always open to offers & options. I've by no means made up my mind on the Lennar deal, but it is nice that they put all the appliances & everything into the home for you, which in my situation just makes things a **** ton simpler since I got rid of most of my appliances when I moved in with my g/f. She owns the home I live in now, but we just can't stand each other anymore & it's time for me to GTFO. I was hoping we could get along a while longer so I could save more, but the time has come to get my place.....and I can't stand apartments....

 

Sounds like you need SSU more than anything.
Good luck on getting the house and getting rid of the excess baggage.

 

Yeah, I post there too, just busy at work & typically can only troll 1 forum at a time, lol.....just happen to see this thread & posted up the Lennar thing since I'd seen it so the OP could check it out.

 

LOL, yeah, she's a good girl, but we are like oil & water. She just doesn't get me & can't deal with my sense of humor at all. Went ahead & made a post over there, hope to get some good input. Buying a house for the first time is daunting....I've already started the process twice now, this will be the 3rd time. This time it WILL happen....1st time the Realtor that was representing the seller was using some unethical tactics according to my Realtor, then the 2nd time, I found out a lot of bad stuff about the builder I was going to use, and now I'm starting up the search again.

 

All of you guys who have someone who works for a bank can you pm me with info. I am not able to check the boards often. And the home is not a new home for those who asked. Thanks

 

texaslending.com

 

From that link, what's the difference between the FHA/VA loan & the regular loan, I notice they have different rates. Why is the FHA .75% higher?

 

You can't look just @ the interest rate. You have to look @ the rate plus closing costs and the APR. The FHA loan may have lower closing cost. The others may have an automatic point buyout built in to lower the up front rate but it raises the closing cost. You have to decide which is better for you. Pay more closing costs one time or pay them .75% extra for the life of the loan.
Go to www.bankrate.com and search for apr or interest rates. There is a good article about it. james

 

I work for a financial services company that is a division of Citigroup.

We do home lending, refinancing, auto & home insurance, among other things.

PM me for details.

Joe

 

2 mortgages with Countrywide and 1 with Wells Fargo. Paid only closing costs on all 3.