USAA Mortgage Refinance
Would you recommend USAA Mortgage Refinance to your friends?
| Community Rating | Strongly recommended |
| Loan Amount | Up to $3 |
| Loan Term (Years) | 15 - 30 years |
| Number of Reviews | 7 |
USAA Mortgage Refinance Review
USAA Mortgage Refinance is offered by USAA (NMLS #401058), a financial services company founded in 1922 and based in San Antonio, TX. USAA refinance are available in 50 states (and Washington, DC).
Key Takeaways
- No origination fee. USAA Mortgage Refinance does not charge a fee for processing your application on some loan options.
- Only two mortgage programs offered. USAA Mortgage Refinance refinances VA conforming and conventional mortgages.
- Financing for single-family and multi-family properties. However, USAA does not offer financing for manufactured homes.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, USAA Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
- Strongly recommended. 5 out of 7 SuperMoney community members recommended USAA Mortgage Refinance.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
USAA Mortgage Refinance Pros & Cons
| Pros | Cons |
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USAA Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via USAA refinance?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. USAA Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does USAA refinance take to refinance?
USAA refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does USAA refinance charge a mortgage origination fee?
No, USAA Mortgage Refinance does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What mortgage programs does USAA refinance offer?
USAA Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does USAA refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. USAA Mortgage Refinance allows the following property usage types:
- Primary home
Contact
- Headquarters
-
9800 Fredericksburg Road
San Antonio, TX 78288 USA - (210) 531-8722
- Visit Site
- Email Support
Other Services by USAA
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
USAA Mortgage Refinance Community Reviews
Would you recommend USAA Mortgage Refinance to your friends?
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