Most of the production builders tend to do the following:
1) Charging more than 1% earnest money. I'm doing a loan right now for a client who was charged 20K by his builder on a 200K house. Then the "in-house" lender couldn't do the loan. But the builder is still holding him liable for the contract -or he's out his 20K!
2) Forcing the buyer to use their â€œin-house" lender and offering loans that aren't really good loans. I mean, the builder and the mortgage company are working for the builder not the buyer. For example, if the 30 year fixed rates are 6% why do the in-house lenders need to "buy the rate down" with excessive discount points--then still offer a 6% rate?
Highland Homes is a good production builder.