After applying for a conventional mortgage with a 5/3 mortgage loan officer (asst vp), that required a 25% down payment and a $325 app fee, loan was submitted to underwriting (jokers).
After the appraisal was completed (came in lot higher than loan amount),they declined the loan application. Their excuse was "property condition". They knew that it needed work all along.
It is obvious to me that they have no clue on how to treat long time customers (+/- 9 yrs). I believe the reason for loan refusal is they don't want mortgages that are less than 50k. I will be taking my banking elsewhere.
Review about: Fifth Third Bank Loan.