You are the buyer. You are the person to decide when you want to close on the house. You are the one giving a lot of money to the seller. That puts YOU in the driver's seat. You should have used some of that leverage before agreeing in writing to the terms of the seller.
Forget about what the Villages Realty said about a "discounted" new home will not last. They are not selling as fast a the Villages Realty makes you believe - buy you already signed a binding contract.
Citizens First is a top-notch bank. If your credit score is good, you will have no trouble in making that closing date.
After 1 month of paying a mortgage, you can then pay off your mortgage in full and own the home outright. It does take one mortgage payment before you can do that.
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