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Mortgage Refinance
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Last Updated: 04/18/2025

USAA Mortgage Refinance

in Mortgage Refinance from USAA Federal Savings Bank

Last Updated: 04/18/2025

USAA Federal Savings Bank logo
Strongly recommended7 total votes
5 users recommend
2 users are unsure
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Highlights

Community Rating

Strongly recommended

Credit Score Range

N/A


Amount Range

Up to $3,000,000

Loan Term (Years)

15 - 30

Number of Reviews

7

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USAA Mortgage Refinance Review

USAA Mortgage Refinance is offered by USAA Federal Savings Bank (NMLS #401058), a bank founded in 1922 and based in Phoenix, AZ. USAA refinance are available in 50 states and Washington, DC.

Key Takeaways

  • No origination fees. USAA Mortgage Refinance does not charge fees for processing your application.
  • Only offers one mortgage program. USAA Mortgage Refinance only refinances VA mortgages.
  • Financing for single-family and multi-family properties. However, USAA Federal Savings Bank does not offer financing for manufactured homes.
  • Only primary residences considered. USAA Mortgage Refinance does not refinance vacation or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

USAA Mortgage Refinance Pros & Cons

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

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Contact

Headquarters

1 Norterra Dr
Phoenix, AZ 85085
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