Silicon Valley Capital Funding

Loan Service

My husband used Silicon Valley Capital Funding to apply for a Mortgage loan for our first home in SJ.

After pre-qualifying us, Randy (the owner), applied for an interest only loan on our behalf.

We have excellent credit and we were told that we met all criteria for the loan.

Two weeks before our closing date, Randy called to tell us that our debt to income ratio was too high and that the company (FPF lending) had denied our application.

Despite knowing our debt-to-income ratio, he had applied for a loan that we did not qualify for.

He stated correctly that this standard had changed recently but we discovered through another broker that the change took place 2 weeks before we even applied for the loan.

Long story short, we ended up getting a rate that was almost 1% higher than originally quoted, and despite this obvious error, Randy and SVC took their rather large commission on the loan with no admission of any wrongdoing.

Even if this was an honest mistake (which I believe it was), it cost us thousands of dollars and the least they could have done is refund us their commission, but nope!

To top it off, I spoke to another broker who told me immediately about the debt-to-income requirement change and the date it went into effect (without even looking it up).

Outrageous negligence and the response was even worse. STAY AWAY!

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Silicon Valley Capital Funding reviews are no way affiliated with yelp & reddit. Their business is located at 1475 S Bascom Ave #112, Campbell, CA 95008, USA. Silicon Valley Capital Funding could be contacted by dialing (408) 558-6600 or logging on their website svcfunding.com. Silicon Valley Capital Funding business page on Dirty Scam received 0 consumers reviews/complaints, page views and 3298$ of monetary losses. The most of the users reported the severity of the scam is Medium.
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South Bascom Avenue 1475
Campbell 95008 CA US
Get directions
Reviews:0
Reported Loss :3298 $
Severity of Scam :Medium
Reported by : Anonymous
Views :

FAQs

Is Silicon Valley Capital Funding a scam?
Yes, Silicon Valley Capital Funding is a scam and a bad service provider as per the report filed on dirtyscam.com, They are not aggressive toward their customer satisfaction and complaint grievance.
Is Silicon Valley Capital Funding a legit?
No, Silicon Valley Capital Funding is not a legit business owner or provider, you should take all precautions/measures before buying or using their services.
How many reviews submitted by Silicon Valley Capital Funding consumers?
There is/are 1 review(s) posted about Silicon Valley Capital Funding and its indicate that the severity of the scam is Medium.
Where is Silicon Valley Capital Funding located?
Silicon Valley Capital Funding is located at 1475 S Bascom Ave #112, Campbell, CA 95008, USA.
How much monetary losses inured by Silicon Valley Capital Funding customers?
3298 $ monetary losses inured by Silicon Valley Capital Funding customers.