You may have come across the term “preferred lender” during your homebuying journey. A preferred mortgage lender helps you secure the loan that best fits your individual needs. Finding the right lender can be a long and complex process, but when you pre-qualify with a preferred lender, you can rest easy knowing they are familiar with the builder, their sales staff, policies, and requirements. This allows you to get quick and accurate answers to questions, stay up-to-date throughout your homebuying journey, and undergo a much easier loan process.

Here is what you can expect when you work with a homebuilder’s preferred lender:

Special Programs

Preferred lenders often offer special programs when you purchase a new construction home. For example, you may be able to take advantage of money-saving opportunities, like an interest rate float down. If you apply for a VA loan, your preferred lender can help ensure your process goes smoothly by allowing the reinspection order or 442/final appraisal to take place after your Certificate of Eligibility (COE) is established.

Excellent Customer Service

In order to maintain their excellent reputations in the industry, preferred lenders are dedicated to helping each and every homeowner. They offer stellar customer service and meet with sales and escrow team members on a regular basis to discuss and resolve any issues. In the rare event you have trouble reaching your lender, your homebuilder intervenes to ensure the process keeps moving. If a lender does not perform as expected, they are often not used for future communities.

An Established Relationship

Preferred lenders are knowledgeable in how certain businesses operate. They provide quick and accurate information that helps customers stay up-to-date on any developments concerning their home. They also understand the homebuilding industry and workflows, and employ experts in builder loans, which enables new homebuyers to enjoy an easier and more fulfilling experience.

Less Paperwork

If you are looking to buy a condo or townhome in a community, you’ll be pleased to know that you’ll have less paperwork and less stress when you work with a preferred lender. This is because preferred lenders don’t require budgets, or CC&Rs (covenants, conditions, and restrictions) on each transaction, since they have already closed in that community. If you were to work with an outside condo team, the process would be far more complex and might cause delays in closing.

How to Find Your Dream Trumark Home

In order to secure a loan for your dream Trumark home, you can learn about our preferred lenders on our website. When you visit your desired community’s page, click on the ‘pre-qualify’ button and utilize the preferred lenders to participate in sales releases, receive closing cost assistance, and enjoy priority purchase access.

With all this information in mind, it’s easy to see how working with a preferred lender is truly beneficial to you. You can be assured that your lender knows the ins and outs of buying a home in your desired community. Preferred lenders can help you secure the approval for the loan you need, all while providing amazing customer service, sans mountains of paperwork. If you have any questions or wish to start your Trumark homebuying journey, visit our website today!