Bank Of America Mortgage Denied mortgage 3 days before closing Richmond Virginia

I am a first time home buyer. I have an account with Bank of America, so I decided to research a mortgage with them, in order to make my payments easier. Upon finding a house I decided to actually go into the bank at my local branch to fill out the paperwork. The initial paperwork was a breeze. The very friendly Bank manager set me up with a No-fee mortgage plus loan, financed at 95%, which would have me putting down a 5% down payment, and closing in 30 days. I signed and faxed everything that was asked of me, and went out of my way to get my side of the paperwork done on time.
I should have noticed that something was wrong when I got absolutely no phone calls from the bank for the first 2.5 weeks after signing my contract. Exactly two weeks before closing, I got a message from B of A on my answering machine saying that the bank could not do 95% financing, and that 90% was the best they could do. After the initial panic of having to put down TWICE the down payment that I was quoted, I put my tail between my legs and asked my relatives for the difference. The bank then told me that they would re-write the loan at 90% financing, and that after signing a couple of papers I would be good to go on closing day. Today- 2 business days (5 days) before closing, B of A calls and says that they cannot give me the loan at all. They have waited until I have absolutely no options, and pulled the rug out. Come May 1st, I will have no place to live, a rented moving truck, and nothing but contempt for a company that would wait until right before closing day to deny my loan.

It is impossible to get anyone on the phone. They even had the balls to send me a completly blank good-faith estimate. Please, DO NOT GO DOWN THIS ROAD. Learn from my mistakes, and do not use Bank of America.

Pissed first time home buyer
Richmond, Virginia
U.S.A.