Buying a home. Navy Federal???

Question

Hi. Can anyone tell me if they went somewhere other than Navy Fed and got a better home loan?

Long story short. They told us we were approved for our loan and to go house shopping! Then later to find out we WERE approved. Just for almost 40 thousand dollars less than what we applied for, which they neglected to mention. And in this area with the amount they reduced it to. You aren’t going to get anything but a trailor, or a shack the VA wouldn’t approve anyways. lol.

We don't understand why they reduced it so much. The payments every month would be 1400 dollars on the amount they gave us. The loan we originally applied for would make the payments 1800. But we get 2100 in BAH. We have good credit...

So where did you go? Was it a better deal? Any advice or stories??

Ty in advance.

Answer 1

As far as my knowing,it is a question with various answers,it is definitely depending on the your mind ,providing a great resource here for reference though.http://home-mortgage.online-tips4u.info/...

Answer 2

well we are army so with USAA they were trying to give us a rate of 6.6. I was like h**l NO so I went to WellsFargo. WellsFargo gave us 5.5 with no down payment (naturally with VA certificate), and no points. We didnt have to pay a dime when we bought our home, as a matter of fact, we received extra money.

Answer 3

umm shop around....we had wells fargo on our house in nc...they were an ok mortgage company....they just wouldnt finance a second house for us in georgia...we found a local company that did because va loan laws changed and we used that on the house in ga while still owning the house in nc..our interest rate is 5 something...which was low for that moment..it dropped the next month again...we found out later wells fargo would have helped us if we went back to them once we realized we could have used the va for the second house....credit unions...kinda suck anymore on loans....shop around...ask your realtor who they recommend...they have to have someone in mind...and usually they are pretty good about knowing mortgage companies