Theyre offering to pay for your closing cost but whats the catch? Also saw a few reviews stating that they raise your interest rates, is that true?

I am not aware of them paying the down payment. They do pay closing costs. The interest was no higher than other lenders.

No catch. They pay closing costs except the down payment which is on you. Interest has been competitive and steady on fixed rate mortgage...love these guys!

There's no catch. They pay all closing costs, including property appraisal. No catch. They are also a bank and hold onto your mortgage to collect the interest from your monthly payments. They do NOT pay your down payment, that's not possible.

I had a jumbo mortgage with RP lending and they were the best lender I've ever had! Tried to go with TDBank for this mortgage and TD dragged their feet so long and eventually stopped all communication without an explanation, just refused calls, etc, so we called RPlending as we didn't want to lose the house. 10 days! DONE! Interest rates cannot be raised UNLESS you sign for a VARIABLE rate mortgage, then that's YOUR doing, not the lenders. RP was FANTASTIC for us and they were wonderful to work with. servicing the loan was easy as well. SINCE have paid off the loan and the closing of the account was easy. ONLY ISSUE is they haven't released the loan off the credit reports yet and it's been a WHILE (over 4 months)