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We are also going through USAA and I'm just now reading this. I think the world of our Realtor and don't want her to loose any monies that should have been for her. We have outstanding credit and can go with any Bank. We have everything with USAA and thought it'd be great to have our mortgage with them also. If this is true; I'll use someone besides USAA.
Won't matter what lender you use, your agent will still have to pay the referral fee. If you are happy with the USAA rates and service use them because your agent will get dinged if you don't and still have to pay.
Won't matter what lender you use, your agent will still have to pay the referral fee. If you are happy with the USAA rates and service use them because your agent will get dinged if you don't and still have to pay.
Thanks Brandon! We're learning more and more about this everyday. This is the first time we've used USAA in buying a home. We have everything through them so thought we'd get our home with them also. But we're also learning that some sellers won't accept offers with buyers who are going with USAA because they take too long to close. Have you heard of that? I just don't want to find our dream home and loose it to someone else because of this. Homes here where I'm at are getting multiple offers in one day again. Especially the nicer ones.
Thanks Brandon! We're learning more and more about this everyday. This is the first time we've used USAA in buying a home. We have everything through them so thought we'd get our home with them also. But we're also learning that some sellers won't accept offers with buyers who are going with USAA because they take too long to close. Have you heard of that? I just don't want to find our dream home and loose it to someone else because of this. Homes here where I'm at are getting multiple offers in one day again. Especially the nicer ones.
It wouldn't be fair to comment on your market because it could vary from mine. Here I've never had a resale balk at USAA but builders often times want you to use their own lender. We aren't and never have been a big time bubble/sellers market so I have no idea what it's like to be in one.
It wouldn't be fair to comment on your market because it could vary from mine. Here I've never had a resale balk at USAA but builders often times want you to use their own lender. We aren't and never have been a big time bubble/sellers market so I have no idea what it's like to be in one.
Homes here are going the day the hit the market, multiple offers which bump up the prices. I'm in North San Diego County. What we're being told is that USAA may take 45 days; which is no problem for us but is for some sellers. So we also went ahead and got pre-approval with another Bank just in case. We're still going to try to go through USAA. Hopefully it'll work out. Thank you so much for your input. I really appreciate it.
Question 4 on the survey they send you after closing allows you to rate the Realtor. If they don't receive positive reviews they are dropped from the approved agent list. The cash back rebate is the reason most people use the program or anything similar.
Thank you. We never did receive any survey from our realtor or USAA. I was hoping we would I have a book I can write about our realtor. Nice enough gal, just needs some tweeks to how she does things.
I was working with a client for two months, a client that was referred to me by a past client, we were fully executed on a contract and in our option period. After the fact my client applied for the USAA program and my company then switched this to "an agent generated" USAA referral and suddenly they were entitled to 37.5% of my commission ... yes folks, they back-doored their way into the deal. What did USAA do to earn a fee on this one?
Well, obviously if your company switched them to a USAA referral then you need to take that up with your broker, as he/she is the one that let USAA backdoor in without even providing a referral.
USAA is horrible. I have had several clients use them for loans and never had one go smooth. Just read their reviews, terrible. I am a USAA member but there is no way in HADES I would ever use them for a mortgage. Ever. They are that bad.
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