Loan Depot Do not use Loan Depot - They prey on people with bad credit = Internet
Do not use Loan Depot. I did not heed the bad reviews. They will quote you a 495.00 appraisal fee. Then they knocked it down to 100.00 when I called them on this amount being used in all bad reviews. Banker got it approved by manager to knock it down. Appraisal came in low. Then after all documentation was sent in and it got to be the day before closing, they said I was not approved because I was two payments late on my mortgage. I was one payment late in two years. Every review I read said they would disqualify you right before closing. But still I did not heed the advise.
For all the people out there with bad or fair credit. Go somewhere else. Do not waste time with them. They seem very nice and I was very polite back, but they will scam you. PLEASE DO NOT USE!!!!!!