Me and my husband went to buy a new home from Centex homes a division of Pulte homes at the Sunfield community of Buda Tx. We were told that if we went with Pulte Mortgage that we would be offered a whole group of incentives and, closing costs would be paid. The total price of the house being $143,000
We ordered a Jacuzzi as part of the incentives. Later we learned from the realitor at Centex we would have to pay an additional $350.00 dollar deposit. We told the realitor we didn, t want to pay the $350.00 and to cancel the loan. He said in that case just sign off on the letter indicating you didn, t agree with the $350.00
We learned from the loan processor at Pulte mortgage that there was a discrepancy on our credit report. It involved a late payment. The payment to a mortgage company was posted to another payee on our bill pay on line by mistake. However we corrected the mistake with the mortgage company and they erased the late payment. The late payment was put on a credit report and never deleted. We called the lloan processor at Pulte mortgage and expained we were going to call the credit report agency and correct the mistake. The loan processor said don, t do this it would ruin our chances of getting the loan.
Later terms changed with and we learned an origination fee was to be charged which I think should have been brought out. Had we had known, we could have told the realitor to take the origination fee from the incentive package.
The point is Pulte Mortgage uses a devious preapproval process to quickly appove a loan regardless of any financial statements based only on salary information. So consquently they use minimal finacial information to authorize the construction of a house.
Nyone wanting to buy a house from Centex and using Pulte mortgage should research this comapny on line to learn about the complaints files against this company. Pulte mortgage does all there loan bussiness on line and over the ph. They neverf have to tell you anything you have to read the fine print or get screwed.
Consquently we canceled our loan due to there devious business practices and out ernest money was not returned
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