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 MortgageStats.com 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)

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