Hi,
Is it really legal to tie incentives to the use of a specific lender?
We are looking at new construction homes in the Phoenix area for approximately $670k. The builder is offering $25k incentives on each of their four ready-to-move-in houses: three of the same floor plan, one different floor plan.
To get the $25k incentives we have to buy one of the four ready to move in houses and use their preferred lender. We are able to use our mortgage broker that we have used and established a relationship with over there past 25 years BUT - we then lose out on the $25k of incentives.
Again, is it really legal to tie incentives to the use of a specific lender?
Thank you.
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source https://www.reddit.com/r/RealEstate/comments/1cklwm0/builder_incentives_preferred_lender_available/
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