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Updated over 7 years ago on . Most recent reply

User Stats

174
Posts
69
Votes
Peter K.
  • Real Estate Broker
  • Raleigh, NC
69
Votes |
174
Posts

Anyone use USAA investment property loans recently?

Peter K.
  • Real Estate Broker
  • Raleigh, NC
Posted
I found that USAA gives investment property loans however I read and heard horrible reviews regarding their home loan department. I am very reluctant to take oit a loan from them hearing how difficult they made their closing process. Anybody have any experience with thi recently?

Most Popular Reply

User Stats

379
Posts
180
Votes
Greg Downey
  • Lender
  • Springfield, MO
180
Votes |
379
Posts
Greg Downey
  • Lender
  • Springfield, MO
Replied

@Peter K., I bank with USAA and subsequently have at least gotten proposals on both owner occupied and investment properties.  The long and short of it, they aren't even close.  Find a smaller lender or someone that you can actually build a relationship with.  USAA is great for personal banking and insurance, not much else in my opinion.

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