M&T Bank Corporation Mortgage Complaint

M&T Bank Corporation Mortgage department,

FHA mortgage Application, originator, mortgage broker New York

This complaint is in regards to the unethical business practices in which - - NMLS # - with M & T Bank endured on me. I am a --year-old citizen and was trying to buy my first home with a FHA 3.5 % loan. After listening and trusting in the loan originator mentioned above, I felt I can trust her and the bank at hand. After 2 months of phone and emails, we finally decided to move forward with the loan process. She mentioned to me that to move forward, I need to have the appraisal done first to START the application. I asked her why would I pay for something upfront if I do not know if I am going to get accepted for the loan first ...? I then asked if I get charged for the appraisal and get denied, will I get my money returned, and she said yes. I read the fine print as well, and it did mention I can get a refund if denied the loan during process. So, trusting her since this is my first time, I said okay, let 's go forward. NOW, I am stuck with a $930.00 appraisal fee (


her telling me that everything is good, then went from $3500.00 down payment to $25000.00. All my paper work went through for a FHA loan, not a conventional, and then I received a letter on - -, 2017 stating that I was denied but with no reason for why I was denied the loan. And I am also stuck with the $930.00 appraisal fee which they refuse to credit back, again, with no valid reason which was done on the -. The appraisal was done on - -, 2017 and the way that I found out was through my broker who called me the same to tell me the appraiser finished. I said oh wow, because I had no knowledge of when he was going to meet with my broker, which all happened in one day, in which THEY contacted my broker without my knowledge. So, the appraisal was done on the -, I was denied on the - and asked to put $25000.00 instead or we can not go through with the loan. I still have not received a valid reason for being denied and still have a charge of $930.00 on my credit card. This was a clear indication that the loan originator was all along trying to get the most money out of me by deceiving me from the beginning. Then I reached out to several numbers to get some help and all the calls with M & T Bank employees were just brushing me off. I also spoke with - -, VP of Administration for M & T Bank, her boss, and it has been over 3 weeks and several voice messages and no results. I feel I have been robbed of the opportunity to buy my first home and of $930.00 for a service I can not use with M & T Bank unethical business practices. Currently, I am still waiting for a call or feedback and no luck. Why would they do this to a --year-old for?!? I wish I had help ... ...