^^^^^^^^ +1 ^^^^^^^

I had PENFED treat me similarly. I was trying to do a HELOC on a rental. They were the only company I could find to do it.

We received a bad appraisal on the property (2 out of 3 were foreclosures). I tried working with them and even asked to escalate the matter. PENFED was suppose to mail me a form.

I just got fed up with them and sold the property for what I thought it was worth.

My VA loans are offered with NO origination/broker fees and NO lender junk fees like processing or underwriting.

I also offer VA ARMs as well as VA fixed rate mortgages.

Often I can offer a credit to pay for the VA Funding Fee even at very low rate pricing.

Didn't want you to think you are stuck with the VA funding fee or an Origination Fee!

Contact me for specifics!

If you have a disability rating the funding fee is waived.

Can you give examples? As of 2 minutes ago PenFed is showing 4.25% for both regular and VA Loans (30yr fixed).

I too had a Penfed refi go off the rails due to mismanagement on their end (original loan officer was fired, next one was brand new). By the time they recovered the rates had shot up, and they wouldn't honor the 3.125 I had initially locked in.

thx

My favorite email from penfed was from my loan officer..."we are very busy and email is the best form of contact"...and then clarified that he was currently 2-3 weeks behind in reading emails so expect a delay accordingly.

No veteran disability so I'm stuck with the fees.

[QUOTE=DustoffVT;1598929]Can you give examples? As of 2 minutes ago PenFed is showing 4.25% for both regular and VA Loans (30yr fixed).

Here is the pricing as of 3/10/14 at 9:30 CST. Please note rates are subject to change at any time with no notice per market conditions.

This Example is based on the following Scenario:$250,000 Purchase Price with 10% Down, Active Duty - No exemption from the Funding Fee, State - Virginia, Qualifying Credit Score - 720 and a 30 Day Rate Lock

VA 30 Year Fixed
Loan Value = $250K Purchase Price - 10% Down + 1.25% VA Funding Fee = $227,812
3.75%
NO Points, NO Origination/Broker Fees, NO Lender Junk/Processing Fees
$1055.03 Principal & Interest Payment
3.897% APR

OR

VA 30 Year Fixed
Loan Value = $250K Purchase Price - 10% Down = $225,000
4.00%
NO Points, NO Origination/Broker Fees, NO Lender Junk/Processing Fees
LENDER CREDIT to pay for the 1.25% VA Funding Fee
$1074.18 Principal & Interest Payment
4.152% APR

OR

30 Year Fixed Conventional
4.375%
NO Points, NO Origination/Broker Fees, NO Lender Junk/Processing Fees
$1123.39 Principal & Interest Payment
+$82.50 Private Mortgage Insurance
Total Combined P+I + PMI Payment = $1205.89
4.735% APR


Let me know if there are any other scenarios you would like to see!

I had good luck with PenFed on a car loan but haven't used them for a home loan before. I did have used USAA for a home refinance and it was like pulling teeth...slow and painful. My last three loans have been through National Bank of Kansas City and were awesome. My loan officer beat USAA by at least 0.5 points each time. PM me if you would like her name and contact info.

Update on getting a home loan within 6 months of retiring--finally closed on house after 3 months and 4 rejections (3 conventional and 1 VA). Winning lender used "second home" criteria so that my current military income was included in my debit ratio since the home was in another state from where I am currently stationed. I ended up with a 3.25% 5/1 ARM--not great but OK considering the crazy lending rules in force today.

Lots of lessons learned if anyone wants info.

gr8vu, do you plan on paying it off as an ARM? Or riding the refi roller coaster back into a fixed? An ARM would look great on my monthly budget right now, but the possibilities there are pretty scary.