I currently have two pre-approvals from both VU and NFCU and was wondering if anyone had experience with either and would recommend one over the other for their mortgage company. VU said they wouldn't be able to compete with Navy with interest rates but my realtor recommended VU over Navy.
Anyone have any input or advice?
Mortgage Lenders: Veterans United Vs. Navy FCU
byu/imindanger87 inMilitaryFinance
Posted by imindanger87
2 Comments
Where are you purchasing? I’ll tell you right now from experience you can get a better rate with a local lender. I am heading to Whiteman AFB and VU gave me a 6.375 rate with excellent credit. Went with a local lender and on a $300,000 purchase, got 5.99% with origination fee waived. I only have to bring $5100 to closing. So in short I would start talking to local lenders. Don’t be afraid to have them fight for your business and negotiate that rate!
Local lender always! Had clients use VU, and it was not a great experience for any of us.