Survey conducted by an independent third-party on 02/22/2017-02/23/2017. We'd do it again, but oddly none of our competitors will quote rates over the phone now, and insist that you waste your time coming in and applying just to find out what they are going to charge you for a mortgage even though that is a violation of CFPB regulations which require them to provide you a quote within 3 days of you providing 7 pieces of information, and that information can be provided by phone or email, not just in person.
https://www.consumerfinance.gov/askcfpb/1987/What-information-do-I-have-to-provide-a-lender-in-order-to-receive-a-Loan-Estimate.html Expensive and inconvenient is the only way we can describe them. Some of them are so upset at being exposed that they are trying to threaten and intimidate us into
removing the information rather than taking the obvious step of making their pricing competitive. Notice in their letter they don't complain that the fees shown are inaccurate, their only gripe is that somebody who wasn't an actual borrower received a quote, then published it, and since they obviously didn't bother to read the text below the chart (which is in the following paragraph on this page) feel that the information could be misleading. If that's the type of people you want to do business with... There is a really easy way to get the truth. Get a quote from them for your mortgage, assuming you can get them to give you one rather than screaming at you and slamming the phone down in your ear like they do to the people we have conduct the survey, then compare it to the
pricing here on our site. We don't make you waste your time calling us let alone completing a loan application to find out what you want to know.
Pricing above subject to change based on market fluctuations and actual loan parameters. Other rate/fee combinations available. Lender Fees do not include title fees or prepaid items. These are lender fees only
(underwriting fee, appraisal fee, credit report fee, processing fee, tax service fee, flood certificate, doc prep/attorneys fees, discount points, etc.) minus any lender credits. Pricing above is for a 30 day lock on a $300,000 30-year fixed rate conventional mortgage for the purchase or refinance of a $375,000 primary residence with a credit score of 740 or above and an escrow account for taxes and insurance. Negative amounts represent a lender credit that can be applied towards your other closing costs/prepaids. Sponsored by Dream Home Funding NMLS #257514, visit our
pricing page for current pricing of your exact loan scenario. To apply for a loan complete
Loan Application Step 1 and
Loan Application Step 2. Feel free to call us at 325-651-2100 with any questions.
We sponsor this survey not only to help you select a mortgage lender, but also so you can evaluate your REALTOR. If your REALTOR is representing you as a Buyer's Agent (and if they aren't you really need to find one that will because otherwise they are representing the seller, not you), then they have a fiduciary duty to you, their client. A fiduciary duty requires them to act in your best interest, but if they are referring you to mortgage lenders that are overcharging you, then you really have to wonder in what other ways they are not acting in your best interest in one of the most important transactions you will complete in your lifetime.
Dream Home Funding has been in business since 1998, and has relied primarily on referrals from happy clients and repeat business to close anywhere from $20 million to $50 million in mortgages every year all over Texas from our office right here in San Angelo. That's a lot of happy clients, yet the local REALTORS think they can make up and/or spread rumors started by some of our competitors who can't compete on price (never mind that doing so is a violation of several state and federal laws) to justify sending their clients to other much more expensive mortgage companies. We'll refrain from speculating on their motivation, but suffice it to say that neither gossip, rumors and innuendo, illegal kickbacks, nor their own personal preferences/relationships relieve them of their duty to act in your best interest at all times. The best way to combat this is to simply find a different REALTOR if the one you are already working with tries to send you to an expensive mortgage company. When ignoring their client's interests starts costing them personally, instead of you and us, we're guessing it will stop.
How can Dream Home Funding offer so much lower costs for exactly the same thing the other lenders are offering?
Click here to read more.