The USAA Bank Difference
Whether you're looking for a conventional mortgage, FHA financing or a VA loan, we offer:
Competitive rates as low as 4.077%.
Receive an average of over $950 per closed transaction — up to $6,000 in rewards — when you use a USAA-preferred real estate agent and MoversAdvantage® to buy or sell a home.
As you know, using a VA loan allows you to buy your home with no down payment. However, that probably doesn’t mean with no cash. You still may have an earnest money deposit and closing costs. You may get the seller to cover some of the closing costs, but for planning purposes, I think you should plan to build up a “home fund” of at least 5%-10% of the home’s purchase price. Among other things, this approach may allow you to:
Cover closing costs. Depending on the housing market and your negotiating skills, there’s a real possibility that you may be required to come to the table with cash for closing costs. I think 3% is a reasonable estimate of what you might see for this expense. Closing costs cannot be rolled into the VA loan. https://www.usaa.com
Click here for more: http://valoanguidelines.org/