Nate
$5000 lost due to inaccurate loan estimate From LGI Mortgage
I signed a contract on a home in February. The sale manager told me their in-house loan officer works for her directly. The in-house loan estimate dramatically changed in June, they estimated the property taxes based upon an empty lot and not with improvements. The monthly projected tax liability went up $200 a month making the home out of my budget. The salesman told me the manager could return deposits under certain conditions at her discretion. I HAVE CORRESPONDENCE FROM SALESMAN TELLING ME THERE SHOULD BE PROBLEM GETTING MY DEPOSIT RETURNED. The sales manager contacted me and said the deposit is 100% non-refundable. $5000 GONE! They are extremely unorganized and they made every step in the process difficult to complete. They bend the truth to make a sale. After I was informed I would not get my money back the sales manager bragged they would sell the home for $25,000 more. Beware, don’t fall victim.
Response from LGI HomesJul 6, 2022
Hi Nate, we understand that it is a frustrating situation and we wish it could have been avoided. It is certainly not the experience we typically provide and apologize for any lack of customer service from our team. However, the loan approval process is not something that our team has direct control over, but we know how disappointing and surprising the experience must have been. Your loan officer should be able to provide clarity about exactly what changed in the qualifications or your situation that lead to the change in your qualification status.




