Established Member
Posts: 27
Registered: ‎09-02-2007
USAA rules (Once again!!)
[ Edited ]
My wife and I were just approved for 100% financing (80/20 fixed P&I) on our new home under contract for $464K.....with no docs!!!!!! This was not a pre-approval, this was the application approval. They used our credit history (her mid 665, my mid 698) and my great standing with them to make the underwriting decision. I didnt have to submit anything, no W-2's, no income statements, not even a rental income contract for my rental property! They are the bomb!!

Message Edited by ujocka on 10-09-2007 01:32 PM
Too many good docs are getting out of the business. Too many OB-GYNs aren't able to practice their love with women all across this country." --President George W. Bush