I'm in the process of buying a home and I've been reading some negative experiences from other members. I just got a pre-qualification letter. Now, I'm starting to look for houses. When do I really know what my interest will be? It is my first time buying a house so any information or experiences will be appreciated.



Once I filled out my mortgage app, it gave me an approval and a payment amount and interest rate.

Hi Claudia,

I asked an expert here at USAA and here is what he had to say:


"Once you find a home and sign a contract, you will need to call USAA and convert the pre-approval to an application. At that time you can choose to lock a rate of your choice or continue to “float” which means rates will move with the markets until you lock. You can get a rate quote now, but it’s important to remember until you lock, the rate is subject to change."


I hope this helps!