Quicken Loans Mortgage Complaint

FHA mortgage Settlement process and costs

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

Consumer disputes how Quicken Loans handled their complaint

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop the phone calls, learn how to stop harassing phone calls

Stop Calls

Loading similar complaints

{{x.COMPANY}} {{x.ISSUE}} {{X.SUB_ISSUE}}

{{x.COMPLAINT_WHAT_HAPPENED | preview}}...

Read more