Disappointed
I was very excited to purchase a new home with Mutual of Omaha, utilizing my VA loan benefit. Unfortunately, the rate was not locked in, nor was I informed. The loan officer knew I was happy with the discussed rate and cost of points to buy down the rate. He even agreed to beat a competitor by $1,000. After I went through nearly the entire process, I was informed that the rate was not locked in. I was then sent the new cost to purchase points, which increased $8,000! Instead of trying to keep my business, the loan officer said sorry and suggested I use another company. He left me no other choice. I have to say I am extremely disappointed and upset that he wasted so much of my time. I honestly thought this company cared about our veterans but this loan officer proved otherwise.
Date of experience: October 01, 2024