Powder House Mortgage Company Review

2.3/5 - (3 votes)

This is an archive of a consumer complaint published against Powder House Mortgage Company at DirtyScam.com-


Business Details –

  • Name: Powder House Mortgage Company
  • Address: Broadway
  • City: Somerville
  • State: MA
  • Phone: (617) 666-8555
  • Website:
  • Reported Loss: 4537 $
  • Severity of Scam: High


Original Complaint against Powder House Mortgage Company published at DirtyScam.com says, verbatim –


Powder House Mortgage Company was awful. I could go on and on about how awful my experience was but my message is skip this place.The lender i met with was condescending. I asked about whether i would be penalized if I paid my loan off early (some mortgages are set up this way) and he said, “only portfolio banks charge a fee.”So, not being a financial person i said, so like a bank fo america?” His response, “only porfolio banks” okay, thanks alot guy.I then told him i was a former state employee and had a retirement account i was thinking of using for a downpayment.He responded, “oh, were you a teacher?” Not all women are teachers, and how many are employed by a state??? I think cities and towns employ teachers.He also wouldn’t tell me what rate I could get. Which is the whole purpose of meeting with them.If the rate isn’t good I won’t be doing business with them. Overall – my recommendation is DON’T GO HERE. I went with Rockland Trust.


Powder House Mortgage Company

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