The seller paid all closing costs and gave me money for insurance and taxes for the first half of the year. I could not have been happier.
Interest Rate
I qualify for a physician loan so had no money down and no PMI. IMortgage offered an additional 0.5% of the interest if I switched to banking with them which worked out very nicely for me.
Loan Officer Service
My loan officer offered me multiple different terms and walked me through how each would play out based on my income and potential income.
Overall Rating
Pros
The honesty and approachability of the bank were very much appreciated. I will likely use them in the future for any new home acquisitions.
Cons
I have no issues with the bank. There was a small mix up about the final rate, but they fixed it quickly without much hassle.
Date: June 14, 2018 Age: 20 to 29 Gender: Female Marital Status: Married
Closing Fee
I was very unhappy with the fees and closing costs. We were told an exact amount we'd need to finish everything and we had it set aside. 1 week before closing they came up with "unexpected expenses" and we had to come up with an extra almost $4,000.
Interest Rate
Since we did an FHA loan, our interest rate has been really reasonable. Probably the best we could have gotten given our situation at the time.
Loan Officer Service
He was a nice guy, very friendly, but not always on the ball and frequently made mistakes that caused a lot more stress for all of us.
Overall Rating
Pros
I like that they approved us for the loan and worked with us, especially due to the nature of my husband's job at the time.
Cons
I don't like their customer service or their fees they keep tacking on, and I really don't like their website.