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Friday, September 7, 2012 - 5:25 PM

Worst In Loans!!

Hamilton State Bank (1 stars)
Like the other reviewer, we had a house built through America's Home Place who highly recomended this bank. They started construction, assuring us that the loan would be closed in about 30 days after construction was completed. The bank also was very eager to get the construction loan going, but has been dragging their feet on closing the lower rated loan. Construction was completed in June and some how we are still waiting. They keep having to send it back to the lender for corrections and the corrections are things they said in the beginning that had to be done. We've been having to pay for a $1100 construction loan (that's only the interest) on top of paying the bills and rent for another home while waiting. I'm very disappointed and will not be using this bank again. EVER!
3
InsanePaganInsanePagan1 posts since
Sep 7, 2012
Rep Points: 3
1. Saturday, February 9, 2013 - 5:13 AM
Since the home was complete, were you allowed to at least move in?

 

I wonder why there was a delay, did they broker the construction loan to another bank?
1
whistlebirdwhistlebird2 posts since
Feb 9, 2013
Rep Points: 2
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