I tried to finance my new home with Amerisave. Their original appraisal was more than the price of the house.
3 weeks in they had an underwriter do a field report which is not required.bfir a conventional mortgage. They said my house was worth $8,000 less than the appraisal. This meant the builder had to reduce the price or I would need to come up with $8,000 more for the down payment.
The house was actually worth $20,000 more than the appraisal so the builder wasn't lowering the price. I found a different mortgage company and so should you.
Product or Service Mentioned: Amerisave Mortgage.
Reason of review: Pricing issue.