Home Builder Affinity Program
Qualified borrowers must be clients of approved home builders in Alabama, Arkansas, Florida, and Texas and build in excess of 12 homes per year. Additional builder eligibility requirements could apply, see bank for details.
Program Advantages*
- Lender Credit – eligible borrowers will receive lender credit equal to 1% of the loan amount up to $3,000 to be used in a variety of ways to give significant savings to the borrower.
- Proven Workflow – ensure timely and accurate approvals with Centennial Bank’s proven construction workflow and project oversight.
- Consistent Communication – each builder will be paired with a local loan originator to ensure consistent communication around deadlines, documentation, timing, and loan structuring.
- Comprehensive Eligibility – multiple property types are eligible for participation. Program applies to purchase transactions as well as construction to permanent loans. Loan programs include: Fannie Mae, Freddie Mac, FHA, VA, USDA, Portfolio, Jumbo, and Construction to Permanent.
Disclosures
Credit applied at closing. These credits can be used to lower the interest rate on the loan or apply towards closing costs and can give a significant savings to the Borrower. Borrower cannot receive cash back at closing and the credit cannot be applied to principal. This is only a credit to the Borrower and not a credit to the Builder in any way, and is not and cannot be construed as an item of value to the Builder. This program cannot be combined with other Centennial lending programs unless expressly stated in the terms of such program. All loans are subject to credit approval and property eligibility restrictions. This is not a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice. State Housing Authority products are ineligible for this offer. Builder must be approved as a participating builder, prior to borrower locking an interest rate with a Centennial Bank Mortgage Loan Originator. Participating builders applying for a mortgage loan are ineligible for the incentive. Centennial Bank NMLS #466091. Equal Housing Lender. Member FDIC.