USAA and Navy Federal Credit Union VA loans for military homebuyers in San Diego, CA
Are service members too loyal to USAA and Navy Federal Credit Union? Those are the two financial institutions that a high number of service members go to first for banking needs such as VA home loans, car loans, credit cards, insurance and financial planning. The overwhelming reason for such loyalty is the belief that either institution offers the best service, value, and product for the military community. That perhaps no other company knows, understands and appreciates the service member well enough to provide the customer care the military members need.
In reality, there may be some truth to that idea but at the same time, military members need to do their homework before accepting such belief. Before a potential military homebuyer begins the process of purchasing a home, it is wise to shop around for a VA loan or other types of mortgage products. I’ve had to explain repeatedly to military homebuyers in San Diego, CA that USAA and Navy Federal Credit Union don’t have the monopoly on VA loans.
Most major banks offer VA loans and the service member would be doing themselves a big disservice by not shopping around. For example, Wells Fargo has an aggressive Military Mortgage Express program that offers a special relocation loan pricing that is different from the general pricing shown on their daily rates page. The individual has to be eligible and relocating due to PCS orders.
As a real estate agent that helps military homebuyers in San Diego with their real estate needs, I have to caution service members not to just compare banks on interest rate. Many of the complaints I’ve received from those that look straight to USAA and Navy Federal Credit Union for VA loans in San Diego, CA, is that the customer service was poor. Once the loan application is submitted, the wait time can be long to get an approval response from either financial institutions and a mortgage representative is not assigned to the homebuyer until a purchase contract is accepted on the house.
If you want to maximize your home buying experience by working with a real estate agent that has expertise working with military homebuyers, I am available to meet for a FREE initial consultation. This is my tip regarding USAA and Navy Federal Credit Union VA loans for military homebuyers in San Diego, CA.