Should I use the builder's lender or get my own?
You're free to choose any lender you want. Builder preferred lenders often offer incentives like closing cost credits or upgrades that can be significant, so it's worth getting their quote in writing. At the same time, shop with at least one or two outside lenders to compare rates, fees, and total loan costs. Sometimes an outside lender beats the builder's deal even after incentives. Make sure any builder incentive is contingent only on using their lender, not on waiving financing contingencies or inspection rights. The best choice depends on your specific loan scenario and the builder's current offer, and a licensed lender should confirm the details. Jon can connect you with one.
Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.
More on new construction
- Should I buy new construction or a resale home?
- Can I negotiate price or incentives with a home builder?
- What does a builder warranty cover and how long does it last?
- What questions should I ask a new home builder?
- Do I need my own agent when buying from a builder?
- Should I still get an inspection on a new build?
Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.