NVR told us that if we get an outside lender and NVR can't match it, we get to keep the 7500 in closing cost. But in our contract it states that you MUST use NVR to get the incentive. Both the sales rep for the community and the loan officer both told us that if they can't match it we will still get the 7500 so we'll see. I hope they stand by their word because they really don't want a holy war with me :-). Starting, they quoted us at 3.75 for interest rate and 4.01 for APR. The going rate in our area is 3.35 with 3.55 APR. This is on top of all of their bs fees.
Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)