Author Topic: USAA pre approval application  (Read 462 times)

homelesshobbit

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USAA pre approval application
« on: June 10, 2018, 09:59:50 PM »
I compete a pre approval application and choose primary residence. Got the approval.

Our current house is solely in my wife's name. Can I use this primary residence loan to buy an investment property?

Do I need to go through the application again and choose investment property instead. Or do your think my pre approval is very similar and I can proceed with finding a house and when it's time to finance I can just let them know then?

MaikoTsumi

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Re: USAA pre approval application
« Reply #1 on: June 11, 2018, 07:37:01 AM »
Yes, you need to get preapproval for an investment property. 

August26th

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Re: USAA pre approval application
« Reply #2 on: June 18, 2018, 01:24:54 PM »
While your qualifications may not have changed, if you are changing the occupancy type, plenty of things have changed and you donít want to suddenly switch it up on your lender when you find an investment property.

Itís ideal to get the real-deal preapproval for what you actually plan to purchase.