Talk of The Villages Florida - Mortgage / New Home

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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - Mortgage / New Home (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/mortgage-new-home-314258/)

Quote:

Originally Posted by KRM0614 (Post 1876870)

I would not close with the Villages. Sales staff does not represent you they represent the villages ! They do not have a fiduciary duty or disclosure !

FHA is more stringent that’s a sign !
If you have your mortgage with citizens that’s a mistake you’ll regret too! I bought my house not a Villa in 2019 with more defects than took 14 months to quasi repair ! I’m going to sell in 2021- the prison the quarry the high HOA the bond the sewer the lies make it untenable if I break even I’ll be happy! Pretty sure someone here will contact them about me being honest too!

Run run run get your deposit bank but get a FL lawyer but not near the villages most are in their pocket

You didn’t have a choice when you buy a new home, you use the villages agents. I am surprised you got special treatment on repair of your home. Warranty to fix issues has to be done before one year anniversary. Giving you an extra 2 months is unusual. How did you end up with a HOA fee? As for the prison and the quarry not sure why that had anything to do with who you financed through.

But no worries on anyone contacting them on your complaints, too many houses being sold to many happy people.

You have to remember some people if they got to heaven would start complaining that it’s much warmer in hell

Quote:

Originally Posted by Tripngirl (Post 1876982)

I read the responses you got, but really, didn't your Realtor go over financing with you from the start? When I have a client one of the first things before looking at homes is to get what we call here a pre-qualification letter from a lender....I'm just suprised that if the Realtor working with you is working for you and sold often in The Villages she/he would of known what is the best way to complete the sale is. If The Villages doesn't accept FHA or VA loans then get one that works ...and it appears from numerous responses the way to go is Citizens....even now I would reach out. I'd also go over the contract you signed. If there are to be extra dollars paid for delays you need to know that Best of luck!

The OP indicated he was buying a new home. Realtors don't sell new homes here, all new home sales are handled by sales agents working for The Villages.

Quote:

Originally Posted by Carla B (Post 1877203)

The OP indicated he was buying a new home. Realtors don't sell new homes here, all new home sales are handled by sales agents working for The Villages.

Right or wrong I still call them realtors, in my opinion if they sell real estate they are realtors, or real estate agents, or whatever I feel like calling them at the time. it really doesn't matter to me and TV seems to have much better advertising always showing the listed price. If I see a home I like but it doesn't have a price listed I don't bother researching it any further.

Yes they can do this and they did to us in 2013. We had FHA and we were on time to close- two weeks before closing we were notified they do not accept FHA. You would also be surprised the FHA amount for maximum lending is greatly lower than the value of the home they are selling.
We never switched lenders- I would not deal with Citizens. We used Suntrust who we have used for several closings. Due to time constraints we needed to switch to a conventional loan- very slight increase in rate- but overall down payment was approximately 59,000 more as down payment! I was a complete wreck trying to coordinate funding- but was in love with my new home.
Long story short we fired our sales agents with The Villages and never sought legal actions.
It’s a no win—- either you want the house or not... if you switch to a preowned home you can use any loan.
It is mainly due to maximum allowed FHA amounts for the county and the rigorous inspection needed on new homes. It has nothing to do with making you change lenders- I had no problem closing on time even with redoing all the paperwork with Suntrust. Remember the pandemic has been horrible and closing a loan online with lenders working from home have absolutely been a nightmare for most buyers.