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Find a Location

Homespire Mortgage Corporation has 1 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

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    Business ProfileforHomespire Mortgage Corporation

    Mortgage Banker

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 1 Customer Reviews

    Customer Complaints

    2 complaints closed in last 3 years

    1 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Overview

    Home Purchase and Refinance Mortage Loan Origination, Mortgage Broker, Renovations Loans

    Business Details

    Location of This Business
    9711 Washingtonian Blvd Ste 500, Gaithersburg, MD 20878-5824
    BBB File Opened:
    6/12/2009
    Years in Business:
    17
    Business Started:
    11/8/2006
    Business Started Locally:
    9/1/1998
    Business Incorporated:
    11/8/2006
    Licensing Information:
    This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
    BBB records show a license number of 183215 for this business, issued by Department of Labor, Licensing and Regulation (DLLR)-MD

    These agencies may include:

    Department of Labor, Licensing and Regulation (DLLR)-MD

    500 N. Calvert Street, Room 308

    Baltimore MD 21202

    (410) 230-6231

    http://www.dllr.maryland.gov/license

    • https://www.nmlsconsumeraccess.org/
    Type of Entity:
    Corporation
    Hours of Operation

    Primary

    M:
    9:00 AM - 5:30 PM
    T:
    9:00 AM - 5:30 PM
    W:
    9:00 AM - 5:30 PM
    Th:
    9:00 AM - 5:30 PM
    F:
    9:00 AM - 5:30 PM
    Sa:
    Closed
    Su:
    Closed
    Business Management
    • Mr. Michael Rappaport, President
    • Mr. William Napier, CFO
    • Ms. Ginger Nero, Regulatory Compliance Manager
    Contact Information

    Principal

    • Mr. Michael Rappaport, President
    • Mr. William Napier, CFO
    Additional Contact Information

    Phone Numbers

    Customer Complaints

    2 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    03/25/2023

    Complaint Type:
    Billing Issues
    Status:
    Resolved
    1. Bought a home through a mortgage provided by Homespire Mortgage Corporation March 15, 2022. 2. In October 2022, they say they sent me a letter stating that in January 2023 my mortgage would go up by approximately $700 because of escrows. (Talk about price shock)! They are numerous issues with our mail and I never received that letter. 3. In January 29, 2023 at 8AM, an agent from Homespire Mortgage calls me stating that I haven't paid my mortgage $2,345 (I had paid it this amount) but because thy want me to pay $2,345 plus approximately $700, however, their system does not acknowledge any payments. 4. I spent over an hour with the agent who found that Homespire Escrow department had messed up how they were supposed to slowly phase in the escrow and they were going to investigate and get back to me (there's a recording of all of this). He assured me that they would not classify me as a 30 day late on my credit since the investigation would go into February 2023. 5. I received a 30-day late on my credit due to Homespire Mortgage claiming I had not paid my mortgage. They have not returned ANY calls even after I have spent about 4 hours with them. 6. As of March they have sold the servicing to ***** Mortgage however the 30-day late still stands. I disputed it with Experian credit bureau but they claim that it is valid even though Homespire did admit their escrow department were at fault.
    Read More

    Customer Reviews

    1 Customer Reviews

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    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Kyle E

    1 star

    08/29/2022

    BEWARE – MANIPULATIVE SALES TACTICS We recently closed on a house with Homespire Mortgage. While we were going through the vetting process, I inquired about the removal of PMI and recasting the loan. We put 5% down as we needed to wait until our old home sold before we had enough cash to meet the requirement of 80% LTV to remove the PMI. I was assured by our mortgage officer the this is done all the time and there is no minimum waiting period to remove PMI and recast assuming the we’ve reached the 80%. I’ve been fighting with Homespire for 2 months now and have failed to complete either of these items. I am continually being told the request has been denied because we haven’t been with them long enough to do either of these items. We were 100% lied to during the sales process. They just wanted to make the sale. We were totally duped. Don’t make the same mistake!

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