Mortgage Scams to be Aware of as a New Homeowner 

Written by:

Baylor Cox

Reviewed by:

• Jeremy Blaylock

Navigating the homebuying journey doesn’t end at closing. Scammers often target recent homeowners with sophisticated mail, email, and wiring fraud schemes. Here’s what to watch for and how to safeguard your new home. 

Beware of Junk Mail Offers That Look Legitimate 

After closing, your personal information enters public records, inviting a flood of unsolicited offers. These junk mailers often pitch: 

• Mortgage protection insurance falsely claiming it’s required. 

• Deed copy services charging $80–$100 for documents you don’t need. 

• Other upsells that appear official but offer little real value. 

The letters will often include “WeStreet Credit Union” or your lender’s name to make it seem legitimate. Make sure to verify any information you receive stating that something is required of you or that something is incorrect to make sure that it is legitimate. 

Stop Mortgage Wiring and Email Phishing Scams 

One of the most dangerous scams comes from seemingly legitimate emails: 

• Scammers may send emails promising lower interest rates through refinancing. 

• Fake messages may request last-minute wiring changes while impersonating trusted contacts. 

• Responding to such requests can result in irreversible wire fraud. 

• Scammers may even be able to send mail or email messages with WeStreet’s name on them. 

If you receive mail or an email requesting information or payment, make sure to call WeStreet to verify. Always verify wire instructions through a known phone number or in-person contact. Never click links or open attachments in unexpected emails and immediately report suspicious messages to WeStreet or the FBI. 

Protect Against Post Closing Online and Text Scams 

Beyond email, attackers increasingly use text-based phishing (smishing) and spoofed online messages claiming to be from your lender or title company. 

• These messages may request sensitive details or claim urgent financial issues. 

• Clicking suspicious links can activate malware or expose login credentials. 

WeStreet will never send unsolicited emails or texts asking for PINs, login credentials, or wiring instructions without prior conversation. If unsure, always call your lender or agent using previously verified contact information. 

What to Do If You’re Targeted 

• Don’t respond or send money. 

• Contact your mortgage lender directly using your known contact info to confirm anything suspicious. 

• Report to authorities if you suspect wire fraud or phishing, notify WeStreet and the FBI’s Internet Crime Complaint Center (IC3). 

Key Takeaways 

• Scammers target recent homebuyers, using both digital and paper-based tactics. 

• Vigilance after closing is essential. Even routine postal delivery could mask sophisticated fraud attempts. 

While closing marks the start of homeownership, it also places you on new marketing radars. With the right information and safeguards, you can confidently enjoy your investment without falling victim to a scam.