Landsea Homes

itical: Professionalism Landsea homes and Landsea mortgage (NFM Lending) Buyers beware of using Landsea Homes preferred lender. They are not transparent in their loan estimates or disclosures. Through my loan process all 3 disclosures had major inaccuracies. The first has the preferred lender incentive at$20,000. After 6 weeks it was stated we don’t qualify for that, but gave $10,000 plus appliances. The next disclosure had only half of my deposit amount. Which greatly effected the cash due at closing. The final disclosure had the numbers correct. Except this time the lender finally mentions the origination cost that’s shown under seller paid actually is not and it will offset the incentive. The origination cost is never to not actually be paid by the seller. Not until 3 days prior to closing is it stated the cash to close will be $8700 more than expected. The lender assured us of a number then to more than double. The amount was never mentioned in conversation. Nor calculated in any disclosure until 3 days prior to closing. Of course the lender and the sales manager refused to honor the incentive or address the situation. We requested to meet at 50%, but it was not even considered. We had our own lender with a better interest rate and no origination points, but went with landsea/NFM for the incentive. That basically was washed out by hidden charges to us. These are shady and very leading business practices. They do not clearly or fully disclose anything to the borrower. Do yourself a favor if you plan on purchasing from Landsea Homes. Get your own lender. The time and aggravation just isn’t worth it. At the end of the day the lender and builder are working together, but not considering the buyers at all.