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Updated about 3 years ago on . Most recent reply

Kez Strong's profile image
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Kez Strong
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Kez Strong's profile image
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Kez Strong
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Kez Strong
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Private Lending & Conventional Mortgage Advice

USAA Financing & PMI

Kez Strong
  • Investor
Posted

Has anyone ever used USAA to finance their house-hack multifamily? I have them as an option thanks to my dad being a veteran and the rates and bundling makes them look like a good option.

Also does does anyone know if PMI drops in Florida once you hit 20% equity or do you have to refi?

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Stuart Grazier
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Stuart Grazier
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Stuart Grazier
  • Investor
  • Parker, CO
Replied

@Kez Strong I personally had a bad experience with USAA lending and know of quite a few others who had similar issues. They are primarily an insurance company, but do banking and lending as a side gig. I'd highly recommend them for insurance, but not for lending. Additionally, they are not very investor-friendly. 

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