American Financial Resources, Inc. Mortgage Complaint

FHA mortgage Credit decision / Underwriting

American Financial Resources, Inc. Mortgage department,

FHA mortgage Credit decision / Underwriting Texas

I have spend the last 6 months under contract on a house. I was pre-approved for financing on my purchase. We had a clear inspection, appraisal, structural engineering report, everything was supposed to be good to go. Finally at the end of the line we were supposed to close, until my lender notified me that the underwriter would not accept the appraisal. The underwriter stated that there were not enough comps to support the loan. After talking to the appraiser, they believed the appraisal was good and needed no changes. Now I 'm stuck not being able to close on a house I 've been on contract on for 6 months, after spending thousands of dollars on the inspection and appraisal and various other fees.

American Financial Resources, Inc. customer in Texas
Jul 07, 2016

* Source: CFPB Complaint Database

American Financial Resources, Inc. response to complaint:
Closed with explanation

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