5% Loan without application fee - SCAM or not?

[Johan Yang]

Hi Everyone,

I was recently responding to a post on a meetup group "New York Real Estate Entrepreneurs" about a private loan with 5% interest. This guy, his name is Michael, said he could loan me $200K with 25years term @ 5%. It is too good to be true. We only communicated via email. And he is using a personal gmail michaeltreatloanservice. It seems unprofessional. I couldn't search him at google. He didn't ask me to pay any application fee in advance. He just sent me the application form to fill out. The application form asked for my compete name, address, DOB, Mother's maiden name, DL/ID #, and signature. Is this common for a personal private lender? Or he tried to scam me for identity theft?

I want to thank you for your input in advance.

[Mindy Jensen]

Legitimate lenders don't use gmail accounts. 

They don't offer 5% loans for 25 years. 

He didn't ask you to pay any application fee, YET. He will. 

This is a scam.