USAA Bank VA Loans Review
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USAA is a financial company that has been dedicated to serving military service members, veterans, and their families since its founding in 1922.
Starting in insurance, the company has expanded into banking, real estate, investment, retirement and IRAs, health insurance, and even shopping and discounts. They are a BBB-rated organization with an A+ rating.
Disclosures
¹ USAA Bank covers the appraisal, title and VA funding fee on a VA IRRRL. Payment of discount points, taxes and insurance and HOA fees are the responsibility of the borrower.
USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, AK, HI and DC. Excludes properties within U.S. Territories.
Minimum loan amount requirements may apply.
VA loans require an upfront, one-time payment called a VA funding fee, collected at closing, and is non-refundable. The fee is determined by the loan amount, your service history and other factors. A down payment on your VA loan may be required in certain circumstances and maximum loan limits vary by county.
A home loan refinance may be useful for many customers who want to lower their monthly debt payments. However, a refinance is secured by your home, has closing costs and may ultimately require paying more in interest over time.
VA IRRRL: All VA rules, guidelines and additional program requirements will apply. Except as provided by applicable VA guidelines, the same parties obligated on the original loan must be the parties on the title and obligated on the new loan. Proceeds from the new loan will only be used toward payment of the original loan amount. No cash back can be received from the new loan. Payment of discount points, taxes, insurance and HOA fees are the responsibility of the borrower. Other exclusions apply. Refinancing either to lower the monthly payment or change from a variable-rate to a fixed-rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.
Membership eligibility and product restrictions apply and are subject to change.
Investments and insurance are not FDIC Insured; not bank issued, guaranteed or underwritten. May lose value.
Bank products provided by USAA Federal Savings Bank, Member FDIC.
USAA FSB NMLS 401058
USAA Bank Mortgage offers mortgage products to members where the property is located within the Continental United States, AK, HI and DC. Excludes properties within U.S. Territories.
Minimum loan amount requirements may apply.
VA loans require an upfront, one-time payment called a VA funding fee, collected at closing, and is non-refundable. The fee is determined by the loan amount, your service history and other factors. A down payment on your VA loan may be required in certain circumstances and maximum loan limits vary by county.
A home loan refinance may be useful for many customers who want to lower their monthly debt payments. However, a refinance is secured by your home, has closing costs and may ultimately require paying more in interest over time.
VA IRRRL: All VA rules, guidelines and additional program requirements will apply. Except as provided by applicable VA guidelines, the same parties obligated on the original loan must be the parties on the title and obligated on the new loan. Proceeds from the new loan will only be used toward payment of the original loan amount. No cash back can be received from the new loan. Payment of discount points, taxes, insurance and HOA fees are the responsibility of the borrower. Other exclusions apply. Refinancing either to lower the monthly payment or change from a variable-rate to a fixed-rate loan could result in an increase in the total number of monthly payments and interest charges paid over the full term of the new loan.
Membership eligibility and product restrictions apply and are subject to change.
Investments and insurance are not FDIC Insured; not bank issued, guaranteed or underwritten. May lose value.
Bank products provided by USAA Federal Savings Bank, Member FDIC.
USAA FSB NMLS 401058
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Customer Comments & Reviews
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Are you associated with Veterans United in reference to home mortgage loans? Is USAA a business seperate from VA. United. I have used them, and was not satisfied with the service they provided me. I am a veteran seeking to purchase a home soon.
The worst I have ever been involved with, if their was a lower I sure as hell would give it!!!
I was given the runaround, being asked for the same documentation over and over even after I uploaded to their site. The supervisor was not respondent to my calls, very poor customer service.
With the low interest rates now, I reached out to USAA. We compared my existing loan with a REFI, the loan officer was so helpful and actually helped explain how my current rate would be better for me in the long run with costs. However, shared other options like ARMs that might be better for me since I plan to move in 5 years and those rates were AWESOME. Thank you USAA rep! Glad it was not about making a quick dollar, great experience. Highly recommend.
I have used USAA for refinance and for new home purchase and appreciate the service and care they give their members.