NVR Inc Mortgage Complaint

VA mortgage Application, originator, mortgage broker

NVR Inc Mortgage department,

VA mortgage Application, originator, mortgage broker Virginia

My husband is in the - and recently found out that due to military cutbacks, he will lose his job this summer. Knowing this, we contacted - ( -/-/- ) to let them know we would n't be able to purchase their home. The VP of - said we were under contract and since he had a job now, we had to purchase the home. I explained to him ... as per our purchase agreement, I had to proceed with good faith and let NVR Mortgage know that our financial situation had changed. He said I did n't have to let the lender know because my husband was currently employed and that I had to close on the home. But I had a legal responsibility to let the lender know as well as a financial responsibility to our family not to incur a mortgage debt knowing we had no means to pay for it. I contacted NVR Mortgage to let them know of the situation. The NVR Senior Processor asked for a letter from my husband 's place of employment that verified his last day of work ( -/-/- ). I provided this letter to her via email attachment on -/-/-. Since then, neither the NVR Senior Processor nor anyone at - has returned our phone calls or emails. I called other mortgage companies to make sure we were following the correct procedures. We were told that based on my husband 's employment ending this summer, we would not qualify for a loan and the lender should have provided us with a denial letter. The denial letter would then go to the builder so we could get our deposit back. We are so heartbroken over this situation. The military cutbacks are a hard reality to deal with alone. But now this lender is ignoring us because they work for the builder. Your help would be greatly appreciated. What can we do?

NVR Inc customer in Virginia
Dec 07, 2015

* Source: CFPB Complaint Database

NVR Inc response to complaint:
Closed with explanation

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