Kinda disappointed with USAA

[AK]

Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.

[HLS]

VA (and FHA) is more problematic, and extra fees.
I assume that you are doing nothing down.
Usually, without fees, the rate is slightly higher. You end up paying one way or the other.

You deserve the benefit of zero down for serving the country. Thanks for your service.

Too bad they make it so complicated.
I hope that it closes on time without more headaches for you… HLS

[HLS]

VA (and FHA) is more problematic, and extra fees.
I assume that you are doing nothing down.
Usually, without fees, the rate is slightly higher. You end up paying one way or the other.

You deserve the benefit of zero down for serving the country. Thanks for your service.

Too bad they make it so complicated.
I hope that it closes on time without more headaches for you… HLS

[HLS]

VA (and FHA) is more problematic, and extra fees.
I assume that you are doing nothing down.
Usually, without fees, the rate is slightly higher. You end up paying one way or the other.

You deserve the benefit of zero down for serving the country. Thanks for your service.

Too bad they make it so complicated.
I hope that it closes on time without more headaches for you… HLS

[HLS]

VA (and FHA) is more problematic, and extra fees.
I assume that you are doing nothing down.
Usually, without fees, the rate is slightly higher. You end up paying one way or the other.

You deserve the benefit of zero down for serving the country. Thanks for your service.

Too bad they make it so complicated.
I hope that it closes on time without more headaches for you… HLS

[HLS]

VA (and FHA) is more problematic, and extra fees.
I assume that you are doing nothing down.
Usually, without fees, the rate is slightly higher. You end up paying one way or the other.

You deserve the benefit of zero down for serving the country. Thanks for your service.

Too bad they make it so complicated.
I hope that it closes on time without more headaches for you… HLS

[AK]

Thanks for the advice HLS.

Actually I made a down payment because these days any 0% offer gets round filed … and VA is much cheaper than conventional with PMI. But I hear the cries of anguish from younger veterans of modest means, who find themselves locked out of the market. And they’re the ones who truly sacrificed … the closest I came to harm’s way was crossing busy streets while doing the Panamanian Pub Crawl.

I think most buyers will be better off with no fees and a slightly higher rate. In my case USAA gave me the same rate as a local lender without the junk fees … of course that’s just one data point. Unfortunately there’s a persistent belief that VA loans always come with $3000 or more in seller-paid non-allowables.

[AK]

Thanks for the advice HLS.

Actually I made a down payment because these days any 0% offer gets round filed … and VA is much cheaper than conventional with PMI. But I hear the cries of anguish from younger veterans of modest means, who find themselves locked out of the market. And they’re the ones who truly sacrificed … the closest I came to harm’s way was crossing busy streets while doing the Panamanian Pub Crawl.

I think most buyers will be better off with no fees and a slightly higher rate. In my case USAA gave me the same rate as a local lender without the junk fees … of course that’s just one data point. Unfortunately there’s a persistent belief that VA loans always come with $3000 or more in seller-paid non-allowables.

[AK]

Thanks for the advice HLS.

Actually I made a down payment because these days any 0% offer gets round filed … and VA is much cheaper than conventional with PMI. But I hear the cries of anguish from younger veterans of modest means, who find themselves locked out of the market. And they’re the ones who truly sacrificed … the closest I came to harm’s way was crossing busy streets while doing the Panamanian Pub Crawl.

I think most buyers will be better off with no fees and a slightly higher rate. In my case USAA gave me the same rate as a local lender without the junk fees … of course that’s just one data point. Unfortunately there’s a persistent belief that VA loans always come with $3000 or more in seller-paid non-allowables.

[AK]

Thanks for the advice HLS.

Actually I made a down payment because these days any 0% offer gets round filed … and VA is much cheaper than conventional with PMI. But I hear the cries of anguish from younger veterans of modest means, who find themselves locked out of the market. And they’re the ones who truly sacrificed … the closest I came to harm’s way was crossing busy streets while doing the Panamanian Pub Crawl.

I think most buyers will be better off with no fees and a slightly higher rate. In my case USAA gave me the same rate as a local lender without the junk fees … of course that’s just one data point. Unfortunately there’s a persistent belief that VA loans always come with $3000 or more in seller-paid non-allowables.

[AK]

Thanks for the advice HLS.

Actually I made a down payment because these days any 0% offer gets round filed … and VA is much cheaper than conventional with PMI. But I hear the cries of anguish from younger veterans of modest means, who find themselves locked out of the market. And they’re the ones who truly sacrificed … the closest I came to harm’s way was crossing busy streets while doing the Panamanian Pub Crawl.

I think most buyers will be better off with no fees and a slightly higher rate. In my case USAA gave me the same rate as a local lender without the junk fees … of course that’s just one data point. Unfortunately there’s a persistent belief that VA loans always come with $3000 or more in seller-paid non-allowables.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[David J]

[quote=AK]Yes, I’d call it crappy service too 🙂

I went with USAA in part because many/most other VA lenders pile on a bunch of non-allowable seller-paid junk fees … and of course asking for seller concessions will consign your offer to the shredders these days. But VA non-allowables are a subject for another rant 🙂

If you know of any other VA programs without a bunch of non-allowables please let the world know. Thanks HLS.[/quote]

I just started a VA purchase loan with USAA three days ago. We’ll see how it goes. I think USAA recently switched their mortgage division to in-house as it seem they’ve become more competitive in terms of rates and fees. I also called navy federal and spoke with a VA mortgage broker. Navy Federal was upfront about the fees and rate but usaa beat them in both depts. I couldn’t nail down the mortgage broker on fees and he was not willing to provide me with a GFE until I essentially had committed to using him. I know on top of the 1% origination fee he also wanted to charge me a $900 processing fee and another $900 transaction fee, and a few other fees for a few hundred each before even getting to discount points for the loan. I maybe should have talked to other mortgage brokers but usaa seemed to have a decent enough deal.

For me VA seemed like a no-brainer as I do not have to pay the funding fee, my loan is for over 417k and I want to finance as much as they’ll let me.

[Author]

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