Terrible experience with lennar home…
Terrible experience with lennar home and Lennar Mortgage in Oregon and Washington area, first they can’t provide firm closing date which leads to the mortgage rates rose from 5.375% to 6.125%, since lennar preferred lender can’t provide reasonable rate, we switched to US bank loan, unfortunately it fell through. Lennar Mortgage sent my conditional approval letter to lennar home in 8 days after I locked the rates with them, but two days after we unlocked with US bank which made our earnest money non refundable, to me, this is a trap, I want to back out of the deal since my US bank loan application fell through, lennar region manager told us earnest money refund is not an option, we negotiated to have price reduction since the rate rise due to lennar home can’t provide us a firm closing date, the answer from them is no and sent us a termination letter which shows earnest money all goes to seller, it’s really unfair even with our loan application fell through, and region manager does not care if they lose our business, I was just wondering which is more important to lennar, lose one customer or take my working hard money then make me to against and avoid Lennar for ever?
By Jian



