I found out about this company from lending tree, i think.. i received an email from one of the RMLOs (i feel bad for doing this, so i wont say names). After looking up this company and few others i had received emails from, i liked what i saw about them so i called and got everything started. i am a first time home buyer, so all of this was new to me.. i get an email saying we are pre-qualified for x amount at 3.75% interest on an fha loan. after finding a house, i decided to see if we could possibly get a better deal with a lender that was referred to me. they couldnt beat them. so we proceeded. so a few weeks in after getting all of the documents in we come to find out that the interest rate was so low was because we would be "buying a point" with a larger down payment. if i could afford a larger down payment, i wouldnt be going with an fha laon.. so finding that out that far into the process was like a slap in the face. had i known that i would have gone with the lender that i was referred to. too late now, so we proceeded. our closing date was approaching (May 30th) and they decided they needed another bank statement that wasnt available until 5/24. 5/24 was a thursday and the 29th was a holiday, so of course our closing date got pushed back.. we were told next closing date would be 6/5, and then something was going on with underwriting and it wasnt going to be done by then.. so it got pushed back to the 9th (the day we have to be out of our apartment).. everything was going great, we got the preliminary closing disclosure signed and sent back.. THEN on the 6th, as they were about to "submit the final approval" they noticed that the seller had purchased the house within 6 months of selling it and is getting a 100% profit off of it.. well apparently when this is the case and the buyer has an fha loan, 2 appraisals have to be done on the house!?!??!? WHY WAS THIS NOT SEEN UNTIL THREE DAYS BEFORE WE WERE GOING TO CLOSE?
Blue Sky Lending has some of the top talent in the mortgage industry, with most loan officers having 15+ years of experience. Blue Sky works with challenged (difficult loans) to excellent credit borrowers. We always strive to meet closing deadlines but as in all things, each borrower & situation is different. Blue Sky has a reputation for taking on tough loans that other lenders wouldn't even consider, much less put all the extra effort and time into finding the best rates and lowest fees. I have seen first hand people that are grateful and astounded that they are getting to buy a home despite unfortunate circumstances in life.Blue Sky Lending has a long history of excellence regarding FHA, VA, USDA, Jumbo, Commercial and Investor Loan Programs. In reading prior reviews it is also relevant to point out that Blue Sky Lending never gives up on difficult loans. They do not stop working on a loan until all resources have been exhausted/tried.
My husband and I were looking to purchase our first home but we went to lender after lender and seemed to be going nowhere. They were not helpful, would take days to respond to emails or phone calls and offered no help on where we needed to be with down payment or what debts we should pay down. I am thankful that I located Drew on Zillow because, without him, I am absolutely sure we'd still be looking for a home instead of living in one. He was always available to speak with me and, the very few times he wasn't, he called me back within 30 minutes. He walked us through every step of the process and explained exactly what needed to get done for us to get approved. I followed his steps and, when we found our perfect home, he was able to make sure that we closed in under 30 days. As I mentioned, we were first time home buyers and the whole process is a bit overwhelming. I felt completely at ease with Drew and the rest of the staff at Stone Lake Mortgage. I will be recommending them to anyone who mentions they are looking at buying a home.