They have this fancy website and lead you to believe they can help you get a construction loan in any state. We’re about to build a home and just trying to find someone to help us through the construction piece of it.

I call our local credit union and they refer us to their ‘partner’, “Nationwide Construction Loans” who says on their website,

Nationwide Construction Loans is the ultimate source to obtain a construction loan to build a new home in the United States of America. No matter what city you live and reside in the USA you can obtain the best construction loans from the best American banks nationwide.
Nationwide Construction Loans, Inc. is approved with all of the major banks and Investors. Our experience and reputation along with our nationwide construction loan volume, has allowed us to develop strong relationships with all of our lenders over the years. We have positioned our business to pass these benefits from our access through our wholesale channels on to you.

So I complete their form that says “Get Your Construction Loan Quote Here!” and has a picture of America, where you click your state your project will be in, then complete the form. They also say this,

STEP 1:
Receive Quotes From up to 4 Top Lenders in your area.

It’s easy! Just complete the form and our home building specialist will call or email you up to 4 different quotes from the top lenders.

And here is a screenshot of what I was talking about regarding the map:

I submit this form early on Monday morning. I don’t get a friendly email saying “we’ve received your info” or anything, but whatever. I wait. I wait. No call. No email. Nothing! Finally, today (Wednesday afternoon), I call them to see if there is any sort of status or if the form info made it.

Before I could finish saying I had submitted a form and haven’t heard anything, this rude son of a bitch cuts me off and says, “It’s probably because you don’t qualify or we just don’t work in your particular state.” Well, I know I qualify, because my credit is awesome with no bad marks, but I haven’t even given them my personal info yet…so it had to be something about my state. He says, “what state is your project in?” I say, “Texas”. He says, “Well that’s why, because we don’t work with every state and Texas is one of them.” Then he continues with, “look, we get over 3,000 emails every day so we can’t respond to every request. If you don’t qualify, we won’t respond to you.”

Excuse me? I can understand you lie about working with every state, but why waste “OUR” time? If I click “Texas”, put a big red message saying “Sorry, we are currently not working with projects in Texas!” Or if I click “Texas”, disable the form. But don’t give attitude and paint yourself as this real popular website getting all these requests daily when you could have been polite about it. All that made me want to do is prove that you are also full of shit! Unfortunately for this douche bag, I’m in the internet business and can research claims like that…so I did!

He says they receive over three thousand (3,000) new quote emails every day. That would be roughly 90,000 requests per month. It doesn’t make much sense that the same person would submit a quote form more than one time, so let’s see what a couple analytic 3rd party services say about nationwideconstructionloans.com:

Compete.com:

This is a full year of traffic to their site. Total number of visitors for 12 months? 32,291. A full year of visitors don’t match the one month of new visitors he claimed they receive.

Another source is Alexa.com:

Alexa has been around for a while and they have zero data on them. This usually translates to not enough traffic for them to store data.

***Noteworthy disclaimer***
These 3rd party sources aren’t 100% reliable with their stats. The rule of thumb is, the more traffic a site has along with a high ranking from these analytic websites, the closer to reality it is. In other words, if this site was really as busy as he claims, they would rank pretty high on these analytic sites.

For example, we can compare their chart to my company’s chart.

The numbers just don’t match up. He claims Nationwide Construction Loans dot com gets over 90k unique visitors per month, which is about 75% more than what our company’s website receives. I can tell you that this guy is full of shit. He probably gets less than 300 emails per day. The fact he “can’t respond to all of them” just tells me that this is a shitty company with horrible service.

One last point I’ll make to Nationwide Construction Loans pulling the bait and switch, is straight from their website.

Nationwide Coverage

We provide the best residential and commercial construction loans in all the 50 states if the United States listed below:
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY)

And just in case they read this and decide to remove and claim they didn’t have it up, I pulled a screenshot!

To sum up me wasting my time on this blog post, I just want to warn anyone that reads this interested in working with:

Nationwide Construction Loans, Inc 3940 Hancock Street, Suite 111 San Diego, CA 92110
Phone: (619) 222-1059 Fax: (866) 231-7303 E-mail: loanisapproved@yahoo.com
Nationwide Land and Construction Loans

Nationwide Construction Loans SUCKS!