Quote:
Originally Posted by gmcneill
Wifey and I are about to put down our 20% “Get started building our TV home now!” deposit. 
We will be applying for a mortgage to cover the balance.
I have researched previous TOTV threads on this topic but most of them might be a bit dated at this time.
I am now requesting any information, guidance, input from you all on matters such as:
Your experiences with local lenders…who did OR did not do right by you before, during, and after;
what should we expect…fees, lender’s concerns, overall process, etc.
what should we watch out for…unforeseen or hidden surprises, whether good or bad.
Please and Thank you!
George |
Congratulations and welcome to Paradise!
We also went through Citizens. My mother is buying down here, too, though, and got a better deal elsewhere -- but I think another benefit of using Citizens is that they close on time. That's really important -- check your contract, there are penalties and fees if you don't close on time. I'm told that with lenders being so skittish, as well as having reduced staffs, etc., the industry statistic is that about 50% of deals these days don't close on time. Don't know if that's accurate or not. Just be sure whoever you go with knows the importance of closing on time.