The Powerful Advantages of Using True Homes Preferred Lenders

One of the most significant advantages of working with a preferred lender is the increased likelihood of closing on time. According to our data, clients who use a preferred lender are *3.4 times more likely to close on schedule. This is a crucial factor for clients who have strict timelines and want to avoid the stress and uncertainty of delays.

Clients who choose our preferred lenders experience significantly fewer finance delays during the preconstruction phase. They are *4.1 times less likely to encounter issues that can impede progress. This reduction in finance delays can lead to a more seamless and stress-free building process.

Working with a preferred lender allows you to pay a significantly reduced deposit to True Homes at the time of contract, helping you manage your finances more efficiently.

Our preferred lenders collaborate with local appraisers who have a deep understanding of the market and can accurately assess new construction valuations. This local expertise can be invaluable in ensuring that your home is appraised accurately and that your financing proceeds smoothly.

Preferred lenders have access to our online technology, promoting better responsiveness and streamlining the communication process. This access can help resolve issues more swiftly and keep you informed at every step of the home-building journey.

Our preferred lenders employ loan officers with substantial experience in new home construction. This expertise is vital in navigating the unique challenges of financing a newly constructed home. It ensures that your lender is well-equipped to provide tailored solutions to any issues that may arise.

Preferred lenders offer a wide array of products and programs competitive with the national mortgage market. This variety allows clients to choose the financing solution that best suits their needs and preferences.

As an added incentive, clients who choose a preferred lender can receive a $2,000 lender credit, which can help offset closing costs or other cash-to-close expenses. This financial benefit can make the home-buying process more affordable and less stressful.

While working with True Homes’ preferred lenders offers numerous benefits, financing with other lenders can lead to a less satisfying home-building experience. Our past clients have highlighted several pitfalls associated with using non-preferred lenders, which often result in lower client satisfaction scores:

Clients who choose non-preferred lenders are *twice as likely to provide a prequalification and then experience delays in obtaining underwritten approval. This delay can be frustrating and may lead to unexpected issues in the construction process.

Non-preferred lenders may provide inaccurate estimates of the cash needed at closing. This variance can create financial stress and uncertainty for clients who are unprepared for unexpected expenses.

Appraisers selected by non-preferred lenders may not be familiar with the nuances of new construction or your specific sub-market. This lack of knowledge can result in appraisal discrepancies and delays in the home-building process.

Non-preferred lenders may fail to provide a loan commitment and appraisal upfront, causing preconstruction delays. These delays can have a ripple effect on the entire construction and closing process, leading to frustration and added costs.

Inexperienced lenders may struggle to navigate the complexities of financing new construction homes. This lack of expertise can lead to delays and unexpected issues during both the preconstruction and closing phases.

The choice of a lender plays a pivotal role in your home-building journey. While True Homes receives no financial benefit from its clients’ selection of a preferred lender, we wholeheartedly recommend this option based on the significant advantages it offers. Clients who choose our preferred lenders are more likely to close on time, experience fewer finance delays, and benefit from local expertise, advanced technology, and experienced loan officers. Additionally, the lender credits provided can help make the entire process more affordable.

On the other hand, financing with non-preferred lenders may lead to various pitfalls, including delays, inaccurate cash-to-close estimates, and inexperience with new construction financing. These issues can negatively impact the overall satisfaction of the home-building experience.

The advantages of using True Homes’ preferred lenders are clear. They can help you achieve your dream of building a new home with greater confidence, fewer hassles, and a more satisfying experience. Call our dedicated team today to learn how our Preferred Lenders can help you secure financing for your home today!

*Denotes statistical information provided from our own client Survey results, facilitated by the Home Building Industry’s leading Survey and Feedback management firm, Woodland, O’Brien, & Scott.