First Republic Bank Mortgage Complaint

Other mortgage Application, originator, mortgage broker

First Republic Bank Mortgage department,

Other mortgage Application, originator, mortgage broker California

Hi, In the last 2 months, I have been looking to get a mortgage form the - banks where I have an account : - and First Republic Bank. After giving them all my datas and explanations ( down payment of $ -- $100000.00, I have no debt, no school loan or such, good credit score, have been working with the same employer for the last 12 years, work contract signed for next year, letter from my Human Ressources ), etc ..., they still told me that I could n't qualify for a mortgage ( i 'm looking at a $300000.00 loan ), because I 'm currently on a - and therefore not receiving any paycheck. I told them that I felt discriminate and it 's the case. After some research online, I found a recent article concerning that discrimination : - Again, I believe that none of the reasons they gave me make sense. Right now my rent is more expensive than if I had a mortgage to pay. Why would they let one of their client to pay a rent more expensive than a mortgage. Not very customer oriented for a bank. Please let me know if you have any questions.

First Republic Bank customer in California
May 06, 2016

* Source: CFPB Complaint Database

First Republic Bank response to complaint:
Closed with explanation

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