Mortgage through Costco Finance?

[sagelily]

Has anyone used Costco Finance for their mortgage when buying a new house? I don't know anyone IRL who has used them and online reviews seem mixed with some people mentioning a lot of calls from many different lenders who participate in Costco's program. Any feedback about good or not so good experiences would be helpful. Thanks!

[Deleted]

I did and had a great experience both times (we used them on our old house and then to refinance our current one). I can PM you my lender's name if you'd like.

[sagelily]

May 9, 2017 20:39:11 GMT -5 @princessbubbleyum said:

I did and had a great experience both times (we used them on our old house and then to refinance our current one). I can PM you my lender's name if you'd like.

That would be great if you could send a PM. Thanks so much!

[moolarkey]

I didn't even know they financed things like that.

[shaynaatl]

Are they just serving as a broker, like Zillow Marketplace? Then you probably need to be more concerned with the actual bank servicing the loan.

[busterpup]

I did and it was great. I picked a lender from their website and no one else called. They aren't the actual bank, they just negotiate lower rates for you.

[sookie]

We used NBKC which is a preferred lender for Costco. We even got a membership because it earned us something like $800 back. I can send you the name of the person I used if you'd like. She was wonderful to work with and super quick & efficient.

[keh2oblue]

May 9, 2017 20:39:11 GMT -5 @princessbubbleyum said:

I did and had a great experience both times (we used them on our old house and then to refinance our current one). I can PM you my lender's name if you'd like.

Can you message me the name, too? We'll be looking to buy by the end of the year. Thanks!

[Deleted]

May 11, 2017 4:47:00 GMT -5 keh2oblue said:

May 9, 2017 20:39:11 GMT -5 @princessbubbleyum said:

I did and had a great experience both times (we used them on our old house and then to refinance our current one). I can PM you my lender's name if you'd like.

Can you message me the name, too? We'll be looking to buy by the end of the year. Thanks!

Sure. I'll send it now.

[namasteak]

May 10, 2017 13:03:57 GMT -5 sookie said:

We used NBKC which is a preferred lender for Costco. We even got a membership because it earned us something like $800 back. I can send you the name of the person I used if you'd like. She was wonderful to work with and super quick & efficient.

Um that's amazing !

[sookie]

May 14, 2017 23:19:15 GMT -5 namasteak said:

May 10, 2017 13:03:57 GMT -5 sookie said:

We used NBKC which is a preferred lender for Costco. We even got a membership because it earned us something like $800 back. I can send you the name of the person I used if you'd like. She was wonderful to work with and super quick & efficient.

Um that's amazing !

It was fantastic! We don't even have a Costco here so I just bought a membership online for $50 or whatever the cheapest was and then sent over my membership number.

[mrs.jacinthe]

I think it's a great idea, but double-check with your realtor before you commit. I am a realtor in an area where the housing market is super-hot right now, and sellers are looking for buyers with either all-cash or preapproval from a local lender, so buyers with a non-local or national lender may find themselves in a tougher negotiation and/or behind other buyers. Right now, I'm mostly referring people to my preferred local lender (who guarantees a 21-day close), which makes our offers stronger.

[Deleted]

I've done this through Costco. I also used Costco to find my first realtor (this was about 15 years ago) and it was a fantastic process.

I'm amazed at the number of things I've done through Costco (travel, new garage door installation, mortgage refi, realtor, kitchen remodel, bought a new car) and I've been nothing but satisfied on all of it.