Nancy A. on BirdEye
6 months ago
04/12/2022, 08:22 AM
DISCRIMINATES AGAINST SELF EMPLOYMENT!!! EVEN IF YOU ARE PROFITABLE
NANCY ANDERSON California, April 12, 2022
I guarantee the President or Vice President of HomeAmerican Mortgage could NOT get a loan from their own company if they were able to apply without anyone knowing who they were. AND they don’t care how bad their reviews are; I called and left a message for the President and sent him an email and he did not respond.
We applied for a loan with HomeAmerican Mortgage in February 2021 because our builder was offering a 17K credit. It took them 2 months to process, and asked us for pages and pages of information, then they still drug their feet until the closing date. All our neighbors were moving in and we weren’t even close to getting approved. Keep in mind we have over 800 credit scores, a great income, and ZERO debt. We were only borrowing about 25% of the cost of the home. This should have been a slam dunk, and our salesmen who sold us the home said we were the perfect lenders. HomeAmerican said it was because even though we had a great W-2 (six figures), we were business owners also which made us self employed (K-1’s). Our businesses are very profitable, so what is the problem? They said their computer didn’t know how to process self employed with us also having a W-2 and being employed as well. I don’t buy it, I don’t think they wanted to give up the 17K incentive cash, so it is a bait and switch. Very underhanded! We ended up just paying cash (from the sale of our previous home) so we could get into our home and it was too late to get another lender. How many people cannot pay cash from another home, and are just stuck. They would not get the 17K builder/lender incentive, they could not move into their home when it is finished, and then have to go to another lender which delays the whole process. This happens over and over in talking to 5 of my neighbors and reading other reviews. Someone should sue them for this, because it cannot be right! Why are they in business if they don’t want to lend money? Is this some kind of a cover for something else? It is a mystery that someone needs to unfold. I have never sued anyone in my life, but this situation had me considering it. If someone does sue, please let me know just so I can get the satisfaction of knowing they got what was coming to them. The amount of stress HomeAmerican Mortgage causes people is a travesty! Shame on HomeAmerican Mortgage!!!!!