Florida Mortgage : Learning Center

When Veterans are shopping for their new home in Florida; many are pressured into obtaining their VA mortgage from a specific mortgage company or lender.  In fact, many builders own their own mortgage company and title insurance company.  If the owned an appliance store, lawn equipment or a home owners insurance company; would you simply buy everything from the builder?

It sort of like asking for lobster tail from the local fast food hamburger-type restaurant.  They don’t specialize in lobster or other seafood’s but they will find some.  Is that good eating?  Are you safe?  Why are they offering a lobster when they make and sell only burgers? 

I believe it unfair practice to force a Florida Veteran to use one particular mortgage lender when seeking a VA Home Loan.  Yes you can save money with builder credited closing costs; but you lose the ability to shop for even lower closing costs, and lower fixed VA interest rate mortgages. 

Make sure when asking for your Florida VA Good Faith Estimates; you first get all of the pertinent discounts in writing and ask about origination fees or discount points.  Perhaps soon laws will be passed in Tallahassee to prevent forcing our Florida Veterans from not having a fair choice when it comes to shopping for their VA Home Loan.  If you are in doubt about the integrity of your builder-owned mortgage company’s estimate; call our office anytime for your free VA Good Faith Estimate.

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