Should I Use a Bank or an Independent Lender?

TLDR; Banks and independent mortgage lenders are not affiliated with builders, giving you more flexibility in choosing a loan program. These lenders operate independently, offering a wide variety of loan products tailored to your financial situation.

Advantages of Bank Loans

Getting a bank loan for your new home can be really helpful because you often get to pick from more kinds of loans. Banks that aren't tied to just one builder usually have loans like FHA, VA, and USDA, plus regular loans too. Having all these choices means it's easier to find a loan that actually works for you and your money goals for buying a house. Also, because banks and loan companies want your business, they often try to give you better interest rates and loan deals. This can save you money over time, so bank loans can be a smart move if you want good options and to save money.

Drawbacks of Bank Loans

Bank loans are good, but there are a couple of things to keep in mind. If you're building a brand new house, using a bank loan might mean a little more talking back and forth. You, the bank, and the builder will all need to chat to make sure things go smoothly. Another thing is builder perks. Sometimes, if you use the loan company the builder likes, they might give you special deals. Banks usually don't give you those same builder deals. So, if getting things like help with closing costs from the builder is important to you, think about if those builder perks are worth more to you than the wider choices and good rates you can often find with bank loans.

Independent lenders like 14 Days To Close often have better reviews and more availability when you need it most. 👇

Why Independent Lenders Can Be The Better Choice

Choosing the right lender matters just as much as choosing the right home. When you’re not locked into a builder’s preferred lender, you get more freedom, more loan options, and often better long-term savings. That’s where 14 Days To Close stands out.

We’re an independent mortgage lender with nationwide availability, real reviews from real buyers, and a team that actually answers the phone when you need help. Whether you want an FHA, VA, USDA, or conventional loan, we help you compare your options, understand the numbers, and close fast so your new home build stays on track.

 🤙 Call Us To Explore Your Financing Options 

Which do you prefer for home financing?

• Bank
• Independent Lender