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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

I’m in a similar boat.  We’d only look at kitchen counter, floor and a covered deck (possibly finishes basement).  Tempted by this but reviews of TB on this forum has given me pause - basically not very positive.  From the research I’ve done, though, I infer that for mid tier level developments, TB has plenty of criticism.  I have not found that criticism for premium developments ($1m) but I’m anxious to here.  I think it all depends on who the subs are and the project management of the project.

What did you hear about TBI?  I haven’t heard anything about them but I see they are offering pretty good rates if you finance with them.  Not sure what the concern here is.[/quote]

Yeah, we used our builder's mortgage the first (only) time we built and it was a super easy process so my inclination was to do the same when/if we build this time around but then I saw...

https://www.nbcwashington.com/news/local/taking-a-toll-why-home-buyers-say-they-lost-their-life-savings-when-trying-to-purchase-homes/65261/

https://www.zillow.com/lender-profile/shas15/

We are one of those typical young professional families in the area--young 30s, relatively high combined income just over 300k though have students loans, good credit, but will likely fall short of 20 percent down. The idea of putting all that earnest money down (which is much higher than most builders require) and then somehow not being able to close is absolutely terrifying/baffling to me. [/quote]

Interesting read.  Lost deposits are not uncommon on new builds.  I think if you’re credit is really good, HHI is good, debt is good and DP is good, no reason to shy away from builder loans especially if they throw in some bonuses.

Does TB offer any incentives if you finance with them?[/quote]

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