Wells Fargo & Company Complaint - Loan Denial for Qualified Customer
I am a single mom trying to buy a house with a modest but adequate monthly cash flow to get an FHA loan. I gave all the documents etc to Wells Fargo for this FHA loan. Three times I was given a verbal 100% guarantee (a handshake too for one time). After spending money on inspection fees and the loan application fee, Wells Fargo informed me that the government needed a source for my money towards the sale. I gave the the receipts that were standard for the industry. (I sold an investment.)Wells Fargo said that they needed to provide information that the government itself does not require from that industry. Now I am out two months rent if I can not get another loan. I am more than qualifed according to a loan broker I have contact, but the seller may not extend my contract. I am in the market for a new bank entirely for anything other than those services already directly related to automatic payments currently set up.
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