Quicken Loans Mortgage department,
FHA mortgage Settlement process and costs Missouri
Quicken Loans lifted the finance contingency on a home purchase, later reniging on the financing stating that debt to income ratio was an issue because of the potential monthly payment for student loans. Quicken Loans stated that I would need a consigner or to pay off my car loan at $12000.00. All debt obligations were visable and known at the pre approval stage prior to underwriting the loan. Due to the finance contingency being lifted Quicken Loans states that I stated that my student loans were in deferment while they were in forbearance. This is absolutely untrue, again all debt obligations were visable in the credit report. I was a recent college graduate as of -/-/- this loan process began -/-/-, repayment for my student loans would not be requested until -/-/-, in which at that time a deferment could be requested. The home being purchased was a to be built with construction complete -/-/-. Quicken Loans has caused me embarrassment, emotional distress, and cost me $540.00, as I lost half of my $1000.00 in earnest money and about - % of the $400.00 in good faith provided to Quicken Loans.
Quicken Loans customer in Missouri
Nov 18, 2015
* Source: CFPB Complaint Database
Quicken Loans response to complaint:
Closed with explanation
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