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Yes, a builder can legally require you to use their lender for financing when purchasing a home, as long as it is disclosed upfront and does not violate any laws or regulations.

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AnswerBot

5mo ago

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Related Questions

Can a builder require a homebuyer to use a specific lender for financing?

Yes, a builder can require a homebuyer to use a specific lender for financing, but the homebuyer has the right to shop around for other financing options.


Does your auto financing company require your name to be on the lease?

If you are the person legally responsible for leasing the vehicle, of course. Who else would you expect to be responsible?


What Does The Term Acquisition Financing Mean?

Acquisition financing is the money provided a buyer of a business to pay for the purchase. That is distinct from the financing needed to operate the business once it is acquired. Often, when a buyer is acquiring a business, it will require both acquisition financing (which is typically longer term financing) and financing to meet the day-to-day needs of the business following the acquisition.


Can a dealership require you to use their financing rather then go through your own lender?

No.


What financing instrument does not require a judicial foreclosure in case of default by the borrower?

deed of trust


Do holographic wills require witnesses to be legally valid?

Yes, holographic wills typically do not require witnesses to be legally valid, as long as they are entirely handwritten and signed by the testator.


Does the 1986 Ford F-150 require a catalytic converter?

Legally, yes.Legally, yes.


How hard is it to get a mortgage to build a home?

Many builders offer a kind of financial program to buy within their residential areas. You can often get lower rates for new homes through builder-funded programs. You don't have to worry about closing costs, and you may need less to pay for them. Home Build Mortgage do not require the mortgage for home construction. Although it may be different than auto financing through sales and manufacturer financing.


Does a 1984 Buick require a catalytic converter?

Legally, yes. Functionally, no.


What does the Brady Bill require?

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Can restaurants legally require servers to pay for walkouts?

No, restaurants cannot legally require servers to pay for walkouts. It is against labor laws to make employees cover the cost of customers who leave without paying.


Where can you get an auto loan?

You can usually obtain an auto loan from the dealership you are purchasing from. If the establishment or private seller does not offer financing you can go to your personal bank to get an auto loan. Sometimes local credit unions will allow you to open an account with them, they usually have slightly more aggressive rates on auto loans but may require you to carry a balance with them.