AFFORDABLE MORTGAGE ADVISORS LLC CFPB Complaints

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2000 Latest Complaints
Date Received Timely Response Product Issue State / Zip Submitted Via Tags
05/05/2022 Yes
  • Mortgage
  • FHA mortgage
  • Applying for a mortgage or refinancing an existing mortgage
  • PA
  • 15001
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I got pre approved for a {$130000.00} loan through Holland Mortgage. XXXX XXXX told me about a first time home buyers down payment assistance program through XXXX XXXX and XXXX XXXX. I find a property, put in an offer, and it's excepted. I pay the {$99.00} fee for participating which XXXX neglected to mention in the original conversation about the program. I take the required 8 hour course, counseling and 2 1/2 hour zoom meeting and jump through ever other hoop they asked. Before the inspection was even scheduled or had taken place Holland Mortgage taken {$610.00} from my account for the appraisal ( done by someone associated with there company ) causing me to get a {$30.00} bank fee because I always plan ahead for large withdrawals from my account. We get 15 days to closing and I'm told that the property doesn't qualify because of the way its listed with the county as a dual residency as apposed to a XXXX XXXX bath that the agent has it listed on zillow or trulia. No one made mention of this throughout the process and the information was available to them from the beginning and had he not been derelict in his duties and unknowledgeable about the program he introduced me to I would have never spent the money on the inspection, appraisal or the {$1000.00} for Hand money as I would have known the property wouldn't qualify. I would have negotiated differtly with the seller as far as the {$3000.00} in seller assist that should have gone toward some of the repairs that were cited in the inspection and not closing cost. My hands were tied as I had signed the agreement. They then tried to pressure me into using {$9000.00} of my retirement money while only giving {$1000.00} in lender credit while raising the interest rate. I think they should have to refund me the fees due to there negligence or flat-out lies setting me up for failure as they lined the pockets of those companies and programs they are associated with.