Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1319725

Complaint Review: quicken loans - detroit Michigan

  • Submitted:
  • Updated:
  • Reported By: chris — Pittsburgh Pennsylvania USA
  • Author Not Confirmed What's this?
  • Why?
  • quicken loans 1050 Woodward Avenue Detroit, MI 48226 detroit, Michigan USA

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

in april  2016     my son in law    and i       were looking to    purchase a house. we     contacted   quicken.  who preapproved a    loan for 75,000.    then the problems  began.  we   got a real estate  agent  and went looking for houses.  then  we were told  that   they  would only preapprove  $72000.  and we needed  $1600   for an   FHA  mortgage. we found a  house and began negotiating.      my son in law signed a  contract with quicken  who wanted $400   for appraisal and fees.  the fees were never itemized.    next   we were told  we needed a  home inspection.  and a    closing date was set  for the end of june  2016.    we paid  $650    for a home inspection,  pest and radon inspection.     then were told by quicken we needed  $2800  to  close. a new  closing date was set  for  july  18th 2016.  the  appraisal    was done 2 weeks prior to   the 18th.  and quicken  claimed it was  $9000 less than the    sellers listed  price of  $67,500.   the seller no longer wanted to pay   6% of  closing.  so    we were told  a new  contract needed to be worked on.  no new contract was forthcoming.  but the seller offered to pay  $2300 of the  closing costs.     to which quicken then told us we needed $3800 to  close.    a week later   thry claimed we needed $4800  to  close.     they set a new  closing date  of august5 2016.  then           a week  before this date they     started to question  my son in laws work history.    they     also  told  him    1 month ago he needed home owners insurance which  he    got.    then quicken claimed    his debt to income ratio was too high after getting the insurance.    this week  july  27 2016,  they  claimed his debt to income ratio  was too high.  i used the FHA  calculator  and   found  it was    only 36%. they   claimed it was too high  for  an FHA  mortgage. finally they  claimed since his    verified  work history  was less than   2 years.  they were denying the loan.   after we spent over $2500.    onb   something we never  got.

This report was posted on Ripoff Report on 07/30/2016 04:56 AM and is a permanent record located here: https://www.ripoffreport.com/reports/quicken-loans/detroit-michigan-48226/quicken-loans-fraud-detroit-michigan-1319725. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Consumer Comment

Go to another lender, not a big box bank

AUTHOR: FloridaNative - (USA)

POSTED: Saturday, July 30, 2016

Quicken Loans does not train their loan officers. Go to a mortgage lender that only does loans - not a big box bank and not Quicken.  

Also their guidelines for FHA are much more strict at Quicken Loan and at big box banks.  Get a referral from your Realtor for a decent lender.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now