Huntington Bank - New Construction
Loan - Complaint
BURLINGTON, KENTUCKY -- We contacted andy edmond at huntington bank in Burlington Kentucky October 12 for a new construction loan. we gave them our house plans, filled out loan apllication (gave them $300 for application fee), and locked in a interest rate. it is now DEC 28 2012 and they said they can't give us the new construction loan to build our house because our builder hasn't done 1 to 2 million dollars worth of work per year since 2005. they are keeping the $300 and won't give our plans back! which is wrong in its self, but what does our builder have anything to do with getting the loan and how many builders are still in business. wonder why the banks brought the economy into a depression. we are trying the to build a home they will provide more jobs and spread money to local building companies on a smaller scale, and we can't even do that. their wasn't a problem about down payment or our credit scores.