When Things Go Wrong, the Right Lender Makes All the Difference
Buying your first home is a milestone filled with excitement and anticipation. But for one first-time homebuyer, the process took a sudden turn for the worse—just 10 days before closing. Her lender told her she’d need to bring an additional $40,000 to closing due to issues with the appraisal. She didn’t have that kind of money—and she was on the verge of losing the home.
That’s when she turned to Loan Officer Brad Beebe and Homestead Financial Mortgage.
The Appraisal That Almost Cost Her Everything
The original appraisal, ordered by her previous lender, used inappropriate comparables—including distressed and foreclosed properties that were in no way similar to the home she was buying. This drastically undervalued the home and threw the entire deal off course.
With closing day looming, she had nowhere to turn—until a friend of her father, Loan Officer Brad Beebe from Homestead Financial, stepped in.
Clear to Close in Just 8 Days
Brad and his team acted fast. Within 10 days of receiving her application, Homestead had:
- Ordered a new, accurate appraisal using a reputable appraisal management company
- Reassessed the loan value based on realistic comps
- Got her clear to close in just 8 days
This kind of turnaround is rare, but it speaks volumes about Homestead’s experience, organization, and commitment to doing things the right way.
“Nobody buying their first home has an extra $40,000 lying around. But we were able to pull it off and get her in the home she loved.”
A Learning Experience—and a Happy Ending
Like many first-time buyers, she had initially trusted a lender recommended by someone else. It wasn’t until things went sideways that she realized how important it is to work with a lender who knows what they’re doing.
“She learned pretty quickly that it’s not just about snapping your fingers and getting an approval—it’s a complicated process. But if you trust the process and let us do our job, we’ll knock it out for you.”
Despite the chaos she went through, the experience with Homestead restored her confidence and helped her land a home that wasn’t just a starter—it was one she could stay in for many years to come.
Don’t Let a Bad Lender Derail Your Homebuying Plans
Whether you’re a first-time buyer or house hunting for your next home, it’s critical to have the right team on your side. At Homestead Financial Mortgage, we’re committed to getting it done—accurately, quickly, and with total transparency.
📞 Connect directly with Brad: Visit homesteadfinancial.com/loan-officers/brad-beebe/ or call (314) 283-7816.
💻 Contact us here or give us a call at (636) 590-7791 to speak with a loan officer today!
Let’s get you into your dream home—without the surprises.