Quicken Loans - You're approved until underwriting....
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Paid hundreds in fees and inspection costs while we were preapproved. Now, underwriting says we're not. We will be suing QL.
Reason of review: Order processing issue.
Location: Sterling Heights, MI 48313, USA
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My husband was first told that he needed to sell his home to qualify. Then another agent called him and said that the other agent did not include almost 12,000 of income and he did not have to sell his home.
We got to underwriting and all of a sudden we are denied the loan and closing was to be on 11/30. We had the home inspected for over 300.00 paid quicken loans over 400.00 and a down of 500.00. Had saved the closing of 9300.00. We have found out that all along this *** knew he could not give him the loan.
We have found out that we could not have 2 FHA loans !! We were also told by other companies that if they start a loan at quicken and go through the process they get paid even if the loan does not go through!
What a way to do business. We are looking for an attorney now!