Has anyone refinanced a VA home loan with USAA? i am curious as to how long it took for you to know if you were approved and also how long until the Refinance was complete.
I have been trying to do one through Navy Federal and they are terrible.
Hi Bandit 7. I know you are looking for feedback from other members, but I'd like to share that right now due to volume, an IRRRL is taking about 60 days to close. A conditional approval would be rendered at about 4-5 weeks. The closing date is an estimate, but any adjustment to a close date would be made once the loan has been final approved (or closer to that point).
Hi @Stewburner1, there is a cost difference between a VA Cashout Refi and a VA IRRRL. On the IRRRL USAA pays the closing costs with the exception of the points, prepaids, and escrows. On a VA Cashout Refi the borrower would pay all of the closing costs. You can get an estimate from one of our licensed loan officers at 800-531-0431. Thank you!