Lone Star Financing Reviews 

Inexperience lead to me having to pay $4k at closing for property taxes that I had already negotiated in my contract for seller to pay for. Avoid at all cost.

Update:
It's unfortunate I have to reply to the comment you left about my review. Your reply is 100% inaccurate. Here is exactly what happened in detail. I am a 100% disabled veteran, which awards me with being exempt from paying property taxes. I am fully aware that I am liable to pay for the current years taxes unless the seller pays for them when I purchase a home. I learned this in my first semester of law school...I negotiated in my contract that the seller pay for the current years taxes as well as my closing costs. I can show proof via email that I confirmed with your employee several times that I would not have to pay anything at closing and that my negotiated terms with the seller would be honored upon the day of closing. It seems pretty simple.
A. There are property taxes that will need to accounted for.
B. I covered that in my legally binding contract with the seller that the seller would pay for it.
C. On the day of closing the finance company refuses to create an escrow account for the sellers money to go into to cover the taxes.
D. I either agree to pay the taxes or do not get the house.

I was at closing for 6 hours and when I call your employee and she says "Sorry. I've never done one of these loans before" and hangs up on me. Then she doesn't answer my calls or texts. Hell, I've never spoken with her again. The President of the company calls me and expresses how his company doesn't operate that way and he will look into it. I am a numbers guy so I break it down to him. I have to account for over $4,000 in property taxes that I negotiated for someone else to pay. I purchase the house on July 31. That leaves me roughly 5 months to come up with an extra $4,000. Divide $4,000 by 5 months and that equates to an additional $800 per month out of my pocket plus my mortgage. That means I have to save an additional $800 a month for 5 months to cover the costs that I already had negotiated the seller pay for. I covered things on my end. Your company should have had the experience to notify me that whatever I negotiated with the seller was void. I didn't find out upon closing and all of my belongings were in a storage vehicle. It all boils down to this. I had to take a $4,000 hit and be put in a financial bind because your company didn't know how to account for what I already had negotiated for. If you could have let me know a week in advance that would have been fine and I could have had time to come up with a game plan. But, yes, this was inexperience from your company. Your employee admitted it. Your President of the company admitted it. Why try to save face online? Have your President of the company contact me personally, again, and if I am wrong in any way I will remove my review. But don't you dare get online and type statements like "Obviously you do not understand that there are going to be property taxes on your new home." I'm the one who negotiated the taxes be paid by the seller.

Update: 2 years after purchasing my home this company tries to get this bad review removed because I listed the agents name from their company that I was working with. So I've updated her name to "your employee." I've yet to receive any contact from this company and I've learned since buying this home that there were several ways that I could have finalized what was in my contract without being stuck with $4,000 in additional taxes. Sure, they got me approved for a loan. That's this company's job and how they make their money. Which they immediately sell the loan to another bank. That's how this business works. But what is horrible about their service is they didn't know how to resolve my issue and it cost me over $4,000. They hung up on me when I called them for help. You don't do business that way. Even someone that makes minimum wage often has more integrity than that.

Great communication. Fast. Efficient. Knowledgeable.

As a realtor, closing a loan on time is very important and Lone Star Financing kept both myself and my client in the loop through the entire lending process. Russell and his staff made the whole process as painless as possible and offered competitive rates and fees. I would highly recommend their company to anyone in need of new home financing.

Michael Underwood - Rave Realty