Buying your first home can be a complicated and trying experience, partially due to the complexity of the financing process. It helps to choose a mortgage company that specializes in the type of financing you need, especially if your loan is for building a new home. NVR Mortgage focuses on financing new-home construction projects, allowing home buyers to work hand-in-hand with builders and lenders during the entire process.

About NVR

NVR Mortgage is a wholly owned subsidiary of NVR Inc. (NYSE: NVR), one of the largest home builders in the United States. NVR Inc. has a market capitalization of over $6 billion, has been in business for over 40 years and weathered the housing crisis in 2008 by employing a different strategy than most of its competitors. NVR Mortgage has a direct link to servicing all of the home-building brands under its parent company, and has provided lending services to over 300,000 home buyers. Not only is NVR Mortgage an exclusive lender for buyers of Ryan Homes, Fox Ridge Homes and Heartland Homes, mostly in East Coast states, but the company provides mortgages outside of these relationships as well.

If you live in a market where NVR home building brands operate, which primarily includes 14 states along the East Coast, NVR Mortgage could be a good choice for financing. As an integrated group of companies, NVR provides expertise that a builder and lender combined can offer, such as having your loan ready when your new home is finished. NVR Mortgage is also one of the largest home lenders in the nation, listed as number 119 by for the third quarter of 2014, with almost $200 million in home loans.

Mortgages Products Offered

Although NVR Mortgage targets middle- and upper-class demographics, it has a wide range of mortgage products available, including Federal Housing Administration (FHA), Veteran Affairs (VA) and conforming loans secured by the Federal National Mortgage Association (OTC: FNMA) and the Federal Home Loan Mortgage Association (OTC: FMCC). This ensures that every customer, whether or not he or she is a client of NVR Inc., has options within NVR Mortgage. With FHA home loans and low down payments, you may be able to upgrade into an NVR Inc. home.

Mortgage Rates

As NVR Mortgage is primarily a new-construction lender, the company does not lock in interest rates on home loans until 60 days prior to completion and closing on the home. It is important that you, as the buyer, work with NVR to keep abreast of the current interest rates in order to ensure that you receive the best deal within those 60 days. Interest rates by NVR Mortgage are not posted online, and you must contact your loan officer to get the current home loan interest rates.

What Consumers Are Saying

Although the Better Business Bureau (BBB) did not provide a rating for NVR Mortgage, as of May 2016, it did give NVR Inc. an overall A+ rating. This is the agency's top rating. Even though NVR Inc. had 211 complaints filed in the last three years at the BBB, most of these complaints deal with the finished product of the home and not with the mortgage process of NVR Mortgage. In fact, many consumers praise the company for its customer service, loan approval process and quick responses to inquiries. The majority of consumers state that they are satisfied with their interactions with NVR.

If you are looking for an all-in-one mortgage lender and builder on the east coast, NVR Inc., through its NVR Mortgage company, could be a viable option due to its proven track record and reliability.

Nationstar Mortgage Overview (NSM)

Related Articles
  1. Personal Finance

    Mortgage Company

    A company engaged in the business of originating and/or funding mortgages for residential or commercial property.
  2. Personal Finance

    Millennials Guide: How to Pick the Right Mortgage

    Here’s help in finding the perfect, affordable loan for that home you have been dreaming about.
  3. Personal Finance

    7 Mortgage Trends To Expect In 2011

    How will the year compare to 2010? What's likely to be different?
  4. Personal Finance

    Does A Mortgage Make Sense If You're In Your 20s?

    You're probably moving a lot and still paying off your student loans. Is it crazy to get a mortgage in your 20s? Here's how to decide.
  5. Trading

    Trade Broken Trendlines Without Going Broke

    Learn a stop-loss strategy that will help you protect your gains when trading breaks.
  6. Investing

    Financing Basics For First-time Homebuyers

    If you're looking to get your first mortgage, there are many financing options available.
  7. Personal Finance

    The Reverse Mortgage: Lifesaver or Albatross?

    How to decide if a reverse mortgage will help fund your retirement – or undermine it.
  8. Personal Finance

    How to Use a Mortgage Calculator to Save Time and Money

    Calculate your monthly mortgage payment using the Investopedia's free calculator.
  9. Personal Finance

    5 Signs a Reverse Mortgage Is a Bad Idea

    Here are the key situations when you should probably pass on this type of home loan.
  10. Personal Finance

    Reduce Interest With An All-In-One Mortgage

    "Offset" mortgages combine a checking account, home-equity loan and mortgage into one account.
Frequently Asked Questions
  1. Short Selling, or Selling Something You Don't Own

    Money can be made without actually owning any shares, but short selling isn't for new investors.
  2. Determining a Firm's Percentage of Credit Sales

    Find out where to look for information about determining a company's percentage of credit sales.
  3. How Did Kidder Peabody's Joseph Jett Lose $350M?

    The 1980s were a rough decade for Kidder, Peabody & Co. thanks to bond trader Joseph Jett.
  4. What Is a Blank-Check Company?

    A blank-check company has a business plan based on a merger or acquisition with another company.
Trading Center