I was approved by my bank to buy a new house. After looking at 15+ different homes we finally found a house that we like. Our offer was accepted (miracle with all the cash offers out there)
Once we opened escrow my bank tells me they cannot honor the approval. They claimed that someone made a mistake and the loan can't be done.
As frustrated as we were, we had to let our Realtor know. The listing agent suggested talking to their preferred lender. I was hesitant since the seller side suggested him. I called Muhammed and he quickly changed my hesitation to hope. We met the next day and he felt optimistic that it can be done. It was less than 2 days after that first meeting that he called me to tell me that he has loan approval.
To our surprise, it was a better rate and no points compared to B of A. The loan closed and we moved in May 3rd.
We are Very happy with the service, the rate, and cost. I didn't give 5 stars because they do not keep the loans. They sold it a month later to Citi bank. I hear it's common practice, but I don't like change so 4 stars it is. read more