I am not a member of a credit union but I believe credit unions are a great option versus traditional banks.
However when purchasing a home in the Woodbridge, VA area Credit Unions may not be the best choice.
After chatting with Peggy James, a super-duper agent with Exit Realty, she informed that some credit unions are issuing 45 to 60 day approvals. Sixty days, oh my what's the problem? After you have found your home of choice are you going to lose the contract based on the closing date, maybe. No offense Navy Federal and USAA but sixty days in our (sellers) market is not acceptable. There will be multiple offers, back up offers, short sale approval letters expired, and maybe even foreclosure before the buyer can get to a closing
So why not get your "LOCAL ADVANTAGE" by being pre-approved with your Woodbridge FHA/VA Lender. We offer competitive rates, excellent service plus closing in thirty days or less. Visit www.queenofmortgages.com or www.mymilitarymortgage.com to get pre-approved and on the fast track to settlement. If your closing is delayed at least make sure it is not because of you credit union.
Also military buyers if you are PCS to this area why stay in the hotel an extra four weeks if you don't have to. If you are already Pre-Approved with Navy Fed or USAA, plan B won't hurt but help make sure you to closing in acceptable timeframe. Visit www.mymilitarymortgage.comfor fast pre-approval.
If you are lucky enough to purchase a home with a traditional seller and you present your contract along with another contract with all things being equal except the 45 day closing versus a 30 day closing, which contract do you think the seller is going to mostly likely accept?
Time = Money.
You do the math....
The seller can pay one less month's interest or an investor/bank has less money out of pocket for carrying costs with a proposed 30 day closing date.
So don't delay call Markita at (703) 497-3936 to get pre-approved. I will answer the phone and there will be no reference numbers involved if you have to leave a message. If email is more convenient then firstname.lastname@example.org and yes I have a Blackberry