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Updated about 4 years ago on . Most recent reply

User Stats

101
Posts
21
Votes
Mike Neubauer
  • Rehabber
  • Beecher, IL
21
Votes |
101
Posts

Review of Lima One DO NOT USE THEM

Mike Neubauer
  • Rehabber
  • Beecher, IL
Posted

This is my experience with Lima One. I highly, highly recommend you find any company except Lima One. 

Just a forewarning to save yourself a million headaches. DO NOT use Lima One for any financing. There are a million other options, Dominion, Lending One, Visio. Use anyone EXCEPT Lima One. They have failed multiple times to make insurance payments from my escrow account. They also paid the county property taxes late from escrow so I incurred penalties. This has literally happened multiple times in 1 year. Unfortunately, I did a portfolio loan with them so multiple properties are involved and getting screwed up. Lima One is a total joke.

This is in additional to changing my rate the day before closing, and almost tanking the entire closing because they didn't have all the documents ready the day before closing. 

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