We are building a home in Indianapolis,IN and we are looking at alternatives to builder financing.  They have good incentives, but are stingy on the rate compared to other quotes I have seen. 

Generally speaking builders try to force you to use "the approved" lender because they have confidence the deal will close. Generally the higher rate is given in order to "pay for" the incentives.

If you want some comparable information email me your specifics and I will try to answer your questions

srogers@bancgroup.org