I recommend you DO NOT finance through NVR Mortgage. They have
been known to alter contracts, and give people the option of signing the crap
deals point blank at closing or default on their contract and lose tens of
thousands on their non-refundable deposit. In one case, NVR/Ryan homes nailed
reputable people that had good credit with a 14% APR, more than twice what was
agreed long before closing. They signed under threat of losing their deposit and
assumed they could just go to another bank to get a fair deal.
But it got worse...the Ryan Homes house was seriously defective, and thus they could not get refinancing, nor would Ryan Homes fix their house. It took these people almost two years to get their life back from Ryan Homes and NVR mortgage. This is just one case. Not all get their life back, once you get mixed up with these people.
Sure things work out in some cases, but do not believe that your contract is binding to NVR. The rule of law is designed to serve them, not you the buyer. Try to find a mortgage broker or actual bank, that doesn't just use trust as a logo. You can still get your incentives without helping the pres of NVR mortgage department make his $5 mil bonus, on top of his meager $300,000 a year salary.
THE BOTTOM LINE anyway you cut it, the goals of forcing NVR financing on buyers is to extract back any benefits you think you're getting through incentives. People have successfully gone through a different broker or realtor, because of the bad terms NVR tried to stick them with. They still got the buyer incentives without tipping NVR, which is nothing more than a broker anyway.
ALSO: Here is a link seeking class action participants against NVR for unethical lending practices
Ryan Homes ad:
Why Do Business with NVR Mortgage?