ORLANDO, Fla. (WCSC/Gray News) – The largest homebuilder in the country is facing a federal lawsuit over claims the company conceals the true monthly cost of purchasing a home.
The lawsuit claims that D.R. Horton works with its preferred lender, DHI Mortgage, to deliberately exclude the full cost of required property taxes from payment calculations.
The suit claims that, by doing this, D.R. Horton can create artificially low monthly mortgage payment quotes that mislead homebuyers into believing their home cost will fit into their monthly budget…