For anyone that has used Lennar’s in house lender, Lennar mortgage, how do their rates compare against competitors?

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I have not used Lennar, but generally the builders offer some sort of incentive (like $10k towards closing costs) but their rates are not always the best. ALWAYS get multiple rate quotes. We bought a Pulte home a couple of years ago and got them to match a better rate that we found; alternately, we are closing on a new build tomorrow and the builder’s lender rate was a total joke so we went with an outside lender.

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Welcome! Like I said, we have done this three times in three years (don’t ask 😆) so lots of experience with new builds! My husband is also an agent and his background is financial planning (he’s a CFP) so taught me a ton about the mortgage part. Happy to answer any questions I can along the way, feel free to DM!

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We also bought a Lennar home but haven't locked in mortgage. House is due Nov for now. Where are you located OP?

Central NJ

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Mortgage rates jumped in the last couple of weeks to 6.28% because of inflation data, as well as the fed increasing rates by 75bps. If the fed sticks to their plans (Jul rate inc if 50bps/75bps; followed by 3 inc of 50 bps), will rates continue to range between 5.75-7%?

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