AMERICAN EQUITY MORTGAGE

Mortgage Companies

Reviews

1.01 Reviews
Number of StarsImage of DistributionNumber of Ratings
5
0%
4
0%
3
0%
2
0%
1
100%


Rating CategoryRating out of 5
quality
1.0
value
4.0
professionalism
1.0
responsiveness
5.0
punctuality
5.0
Showing 1-1 of 1 reviews

Troy W.
04/2012
1.0
mortgage broker
  + -1 more
Once we initially sat down with them we learned our credit score was in the 660's which according to the VA website we qualified for a VA loan. They assured us that we qualified and sent our realtor a per-qualified for $150,000. We shopped for ever til we found the perfect house in March. We called them and told them we sent an offer over. They called us back and said our credit no longer qualified for a VA loan and we needed to switch to another loan called a Fannie loan. They informed us that we would now need %3 percent down. We found the house of our dreams and now we emotionally invested so we called our realtor and were informed he called her to help convince us to do a different loan. We went online and found out that a credit score of 620 qualified you for a VA loan. We then found out they LOST their VA certification to write VA loans and were lying to try to get us to do another loan, a loan they could write. These are the kind of mortgage companies that give the rest a bad name. We left them and with a lesser credit score because they ran our credit twice. We than found another VA lender and close in 3 days!!! Basically their prices are average for a mortgage broker but they are LIARS!!
Description of Work: I was trying to obtain a VA loan and eventually buy a house. We first sat down with them over the phone in September asking if they are a qualified VA lender, to which they responded they were.

Rating CategoryRating out of 5
quality
1.0
value
4.0
professionalism
1.0
responsiveness
5.0
punctuality
5.0

$2,000

    Contact information

    5001 American Blvd W Ste 375, Minneapolis, MN 55437


    Licensing

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    Service Categories

    Mortgage Companies

    FAQ

    AMERICAN EQUITY MORTGAGE is currently rated 1 overall out of 5.
    No, AMERICAN EQUITY MORTGAGE does not offer free project estimates.
    No, AMERICAN EQUITY MORTGAGE does not offer eco-friendly accreditations.
    No, AMERICAN EQUITY MORTGAGE does not offer a senior discount.
    No, AMERICAN EQUITY MORTGAGE does not offer emergency services.
    No, AMERICAN EQUITY MORTGAGE does not offer warranties.

    Contact information

    5001 American Blvd W Ste 375, Minneapolis, MN 55437