Priority Bank

NOT RECOMMENDED!nnIf you do go with this bank and they promise you the loan they pitch (USDA loan) make sure you receive an approval letter before you spend the $500 for the required home appraisal. Or worse, don't do what I did also get a home inspection not required by them but for piece of mind. For after you pay they let you know you did not qualify for their pitched loan and try to sell you on another. If they tell you they can get you done. Have them prove it by giving you an approval letter. Don't let him get lazy or or his under writer. Do not accept his excuses. If he won't produce it that means he can't approve you for the pitched loan. If so run away! Why do business with someone who already started a relationship with a lie?

I had a home loan here for several months and everything operated like a well oiled machine. The staff were always friendly, put-together, and informative when there was a question I had. I would recommend them highly.

My name is Nolan Conley. My wife and I built a custom home in Spring Texas in 2009 and our builder utilized Priority Bank for the construction loan. At no time were we advised to get a final loan that went straight from the construction loan. So we went along for two years paying our note and then there was a balloon payment. At that time I ask the loan officer if we can get a final loan. Being self-employed they looked at our tax return in said that we did not make enough money to get a loan. I told him that was real funny to me since we had been paying you guys for two years with no thirty-day lates. They told us the problem was the Dodd Frank act. I asked them, isn't this a bank don't you have money to loan? Obviously they did not. This went on until 2019. I talked with the owner of the bank and he told me that I would need now to pay escrow as well as 7 1/2% interest. We are still talking about the balloon note here. I told him that was pretty much theft, so he said let's do 7 1/4%, I said let's do 7% and call it a day. He agreed with no escrow.nnWe found a loan officer down here in Spring Texas who was wonderful and helpful. He did not tell us what we could not do as Priority Bank did, he told us what we needed to do to get the loan. After a month and a half we secured a 4 3/8% loan for 30 years. Our credit has always been 700+ and we have always may our payments, it's too bad Priority Bank had no interest at all in helping us, all they wanted was more money.nnSo if I could give Priority Bank -100 stars I would. We already have our new loan now so the truth can come out. I'm sure Priority Bank will probably try to dispute some of this but the facts remain the facts.