Veterans United and USAA/navy federal are garbage. Stay far away.Ok i may definitely be hitting you up if i run into issues, sounds like you've done a lot of this
Housing market is too far gone.
- Thread starter randomous
- Start date
Section8
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oh yeah, i use USAA for my banking and insurance now, but my pre-approval is through a local Wyoming bank, which i'm planning on moving all my banking to.
Any recommendations for home insurance for a VA loan home? We got dropped recently (our fault, home was being rented and forgot to inform the insurer). We are going to be occupying the home next month, and our insurance will be dropping us by early May.
Clearly if the buyer is paying 6% then the agent would be good enough to handle any minor issue like that and get a deserving VA buyer into the home. IMHO. TBQH
Highly localized. Insurance sucks here now (Louisiana, and anywhere around the gulf coast). USAA has been a really good option. In other markets, USAA may be strong, but there may be other carriers/agents who are better.
JacksonWhite
Banned
- Apr 11, 2011
- 13,680
Where are all the homes for sale
I live in a NYC suburb and If you do the math, there is one home for sale per 2500 residents right now. This is the main spring buying season too.
I get people hunkering down with a low rate, but you would think there would be more demand just from people dying or retiring and downsizing if nothing else.
I live in a NYC suburb and If you do the math, there is one home for sale per 2500 residents right now. This is the main spring buying season too.
I get people hunkering down with a low rate, but you would think there would be more demand just from people dying or retiring and downsizing if nothing else.
Cool, wasn't sure if there was a go to option. Progressive is who dropped us, so luckily USAA is still on the table. I recall their rates not being all so great compared to progressive way back, but it's been a long time.
midnite
OT Supporter
I like USAA generally, but they wont insure my house because of fire which is annoying
calisteph6
Well-Known Member
Your personal tolerance level aside it is absolutely extra bullshit. From a seller’s perspective it’s an additional issue he has to either correct or negotiate with the buyer on - an additional opportunity for buyer to cancel or use contingencies to try to extract concessions. All else being equal no rational person would accept a VA offer over conventional and you’re kinda gaslighting by pretending it doesn’t make a difference.
A listing agent has an obligation to explain the additional risks inherent in a VA financed offer relative to conventional to his seller, and a buyers agent is obligated to explain the competitive disadvantage inherent in their buyer’s election to use VA financing over conventional.
americanwit
OT Supporter
why downsize if the rate difference will literally mean paying more for less house? existing home sales going to be stagnant for some time no one with a 3.5% or less mortgage is going to move unless they HAVE TO
This^
Plus @saabguy does a low VA appraisal if a deal falls through still stick to the property for 90days or whatever, limiting taking a second VA offer? I never dealt with it but vaguely remember seeing some listings come back active stating no VA offers due to this
Whatever happened to @roudyfkkk or whatever his name was. Iirc he was realtor crew in CA
That’s @Remy Bressant ’s AE
fuqxyu
Thank you for the alpha
- Feb 2, 2004
- 47,843
Anecdotally I won a bid on a foreclosure property on a multiple offer home with a VA loan. None of my realtors bitched about the fact that I was using a VA loan in the 2 homes I bought. I do remember there being a lot of diligence in the appraisal process, but it didn't impede the process, even on the foreclosure home.
No. The appraisal sticks with the veteran, it does not stick with the property. That’s another misconception.
There is no 90 or 180 day flip rule with VA. Another misconception.
Statistics show that VA appraisals come on at or above sales price the same or slightly higher rates than conventional.
I also have a chart somewhere that shows the rate of loan denials on VA loans is like less than 5%, which is the lowest of all programs available.
Could have sworn a VA appraisal attaches to the property via case number for a period of time. Never dealt with it clearly
