Told us the check was ours no strings attached as a thank you for our service. I think the 2.5% promo rate is usually time phased/ requires a larger then normal closing. There is no way they are sending you $100 just for the heck of it. Read through the comments and I'll probably cruz down to chase and cash it. I have to admit there is no language anywhere that indicates you are on the hook. It just seems like there’s nothing they can do if I were to take it to Chase Bank and cash it - not deposit it in an account... Not hurting for the cash at all though so won’t risk it. It is legit. So I just got one of these too. Call the VCP Call Center at 866-606-8198 or visit the Veterans Choice Program website to verify eligibility and set up an appointment here. Username. As a result, VCP eligibility criteria will no longer be used to determine eligibility for community care beyond that date. We ban and do not look back. Veterans United Home Loans offers mortgages to veterans and military families in all 50 states and Washington, D.C., and specializes in U.S. Department of Veterans Affairs loans. Here’s How To Protect Yourself. Predators Are Circling Around VA Home Loan Borrowers. What if I think I am eligible? We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. To benefit from additional potential savings please call 800-347-4456.”. “Our records indicate that the VA insured your loan at or around the time of your closing. CON: Your time spent in the military can affect the amount you will receive. If you are visiting r/veterans for the first time please read the rules. Veteran Crisis Hotline Dial … Every member of the team was very friendly and knowledgeable which made the entire home buying process a breeze. Veterans United is the country's largest VA home loan lender. If you have a home loan, you may be able to refinance with the VA for a better interest rate or to cash out your home equity. All veterans who qualify are welcome to apply as long as they were discharged under any conditions other than Dishonorable. VA will no longer offer community care to Veterans under the Veterans Choice Program (VCP). Eek! This is our first home, and my options seem to be between using these guys, a big bank (USAA, or BoA), or a more local lender in the area we are buying. We are here to support one another, and help resolve any VA / Veterans related issues. They had this issue even though they were one of the biggest companies (and had one of the best reputations) in the country for mortgage banking. The check looks legitimate, but I have no interest in refinancing I have a great rate already. My assumption is that they know most people will question the check and call to verify what it’s for. Gave me some peace of mind. Maybe you could just call them and ask? Sorry, this post was deleted by the person who originally posted it. CFPB found deceptive refinance loan practices widespread enough to issue a VA home loan-related “Warning Order”, saying … Went to chase to cash the check, did not deposit it into any bank account. A VA loan may be a good choice if you don’t have perfect credit, or you want to buy a home without a down payment but don’t want to pay mortgage insurance. Business Profile. I decided to call Veteran's Choice because of the Amazon Gift card. We sat through about 5 min on the phone with them trying to convince us to refi but they gave up immediately when we told them we were under contract for a second house. As with the standard VA home loan program, you must meet VA loan requirements to use these programs. The fee is intended to enable the veteran who obtains a VA home loan to contribute toward the cost of this benefit, and thereby reduce the cost to taxpayers. Veteran Crisis Hotline Dial … Our military advisors are paid employees of Veterans United Home Loans. 2. FHA loans require small down payments of just 3.5 percent of a home's purchase price if your FICO credit score is 580 or higher. Veterans Choice Program–Information for Providers. We ban and do not look back. Thanks for posting this. They charge you to cash a check if you’re not a member of the bank, so we got $80 after the fee. I recieved the $100 gift card like everyone else, called to activate it, listened to the guy ramble and told them i … We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. I can’t imagine sending $100 to every single VA loan holder would have a high enough ROI to be worth it, but to those that have already decided to refinance it just might work. This seems really shady though. The amount of resources and help I received was incredible and would definitely recommend any first time or veteran home buyers to Veterans United. Is this actually for real? Search within reviews. To all of the other VETERANS on this feed > Thank you for your service!!! I think standard rate right now is around 3% so anything significantly lower should come with strings attached. If you’re a veteran who is in need of a larger loan than is usually permitted with typical military home loans, then the jumbo VA home loans from Quicken Loans® are a fantastic option. We bought our house end of March, and I'm inundated with offers to refi with my "VA eligibility". It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Got one of these today as well. Out of curiosity - did you recently apply for a mortgage? Same company just fedexed me a Amazon "giftcard" (no value, for actual card call us and we'll send you one. I don't think a "purchase" is necessary, but worth a listen, they might be able to save you some money too! Just be aware that you need proof of military service to be eligible and you’ll likely have to pay a funding fee that could add significant cost to your loan. I remember my client kept running into issues that people thought they were trying to scam them when they’d sell them on refinancing their higher rate mortgage to lower interest rates (this was around 2012-2014 when rates were very low). New comments cannot be posted and votes cannot be cast, More posts from the MilitaryFinance community. Veterans United Home Loans. Thank you Jesus...Plus, we will get our Escrow balance back as well as not have to pay mortgage for March and possibly April (depending on our exact closing date). Very surprised they’d send a check for $100, but I did work in the mortgage banking industry for several years and they make a lot off every refi, so it’s probably their way of enticing people who are reluctant. If I WERE to refi, I'd go straight to Navy Federal and not some other company. Search within reviews. Just a very aggressive way to try to get our business. PRO: You will not need mortgage insurance with VA home loans. The rest was the same - FedEx, letter saying the money is mine, etc. I received the same letter in the mail last week from Vererans Choice and they sent me a $100 Amazon gift card but I'd have to call them to get the $100 gift code but they never gave me the phone number lol. Got a letter via FedEx from Veterans Choice Home Loans about refinancing my VA loan. Yea - it looks similar to many of the IRRRL refinancing offers I get in the mail all the time, but didn’t specifically address that program. I just called Saturday 2/9/19 and got my code for my $100 Amazon gift card tonight via email (2/12/19). Veterans United Home Loans. Methinks not. Press J to jump to the feed. just started their VA Loan Quote! They may only be sending checks to people who they know are in the market for a new loan and be trying to steal them out from other lenders. I thought damn, obviously a scam but now reading this I'm tempted to call and hear their pitch and receive the gift card. Their rep said that they were backed up because of the great response and had to actually hire someone to just deal with email the codes for the gift cards. There is a way to opt out of these annoying letters, the last one I got from a rando had the info. Enclosed is a check for $100. Recommended Reviews. If you are visiting r/veterans for the first time please read the rules. The State of Texas offers loan programs to veterans that can help first-time home buyers and experienced homeowners alike. We are here to help members of the military with their personal finance questions. The effect of the funding fee on a veteran's financial situation is minimized since the fee may be financed in the loan. Representatives Available 24/7 to Better Serve Troops Overseas 1-800-884-5560 Get a Quote A VA approved lender; Not endorsed or sponsored by the Dept. Their jumbo VA home loans are available up to $1,500,000 in 30-, 20-, and 15-year fixed rates. What You Should Know About Homeownership For The Brave Great Choice Home Loans. We are here to support one another, and help resolve any VA / Veterans related issues. Ours was sent next day FedEx and postmarked on the same day we got a preapproval for our mortgage. I'll take the check to Chase and then opt out.My check has a Wounded Warriors logo at the bottom, and a holographic security square. Veterans Choice Home Loans sent a $100 check - is it a scam? Yea, we took the money and ran - no ill effects as of yet. I found this thread while trying to figure out if it was a scam. The VHA Office of Community Care administers health benefit programs for Veterans and their family members. Also note that some Veterans in New Hampshire reside within 20 miles of White River Junction VAMC and are therefore not eligible for the Veterans Choice Program. So...yes, they are legit. I was skeptical at first with all the scams out there, but I kept getting these IRRRL letters from so many different companies. Native American and disabled veterans can receive additional benefits; state VA offices provide access to other benefits. The company's filing status is listed as Active and its File Number is 0000264539. The Department of Veterans Affairs and the Consumer Financial Protection Bureau (CFPB) warn those eligible for VA home loans to use caution when replying to offers to refinance VA loans with terms “too good to be true”, especially when that contact was not initiated by the homeowner. Veterans Choice Home Loans is a North Dakota Trade Name filed on May 31, 2016. We ban and do not look back. Even if you have to sit through a sales pitch to find out that the $100 is just to entice you, $100 for 15 minutes of your time doesn't seem bad! Good on you for being alert; scams cost way too much to fall for. Their support extends beyond simple loans as they provide supplemental support through the entire home loan process to include insurance, utilities, etc. Make sure the check itself has no unusual notes or terms on it. Good luck on the new home.’ And that was that. See reviews, photos, directions, phone numbers and more for Veterans Choice Mortgage Llc locations in Augusta, GA. They didn’t even write down ID number or anything, just looked at my driver’s license. In 2018, Veterans United Home Loans generated the largest number of VA loans in the nation. Veterans Have A Choice About Their Downpayment. of Veterans … There are many aspects you must consider when choosing the loan … Wahoooo! If you are eligible, VA loans are often a good choice to help you get into a home. I am not saying it is a bait and switch, but that's how I read the situation. The VA Home Loan Program offers an amazing streamlined refinancing opportunity to veterans and that program is also very attractive to lenders. Agree. If you are thinking of refinancing, which now is a decent time, then is might be worthwhile to reach out to a local reputable broker who can search the best rates on your behalf. The final piece is the amazing customer support provided by the loan officers. They probably expect to be able to lure a bunch of people into refinancing on those phone calls that normally would just throw out an offer letter. - FedEx, letter saying the money is mine, etc streamlined refinancing opportunity to United. 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