Get a Great Loan Value!
If you are a veteran and want a great home loan, then you need a CalVet Home Loan. You’ll find the CalVet Loan will save you money and provide protection for your home and investment. CalVet has expanded eligibility so that most veterans (including those now on active duty) wanting to buy a home in California are eligible, subject to financial qualification and available bond funds (See restrictions for peacetime-era veterans).
The good news about CalVet is the money you’ll save with our low interest rates, low down payment and easier qualification. Compare it with other loans, and you’ll see why CalVet is the loan of choice for veterans.
You and your family will benefit from this great loan from day one! It is the State of California’s way of saying “thanks” for what you gave to your country through your military service. Best of all, this program is available to you at no cost to California taxpayers. Just look at some of the great features of the CalVet loan:
- Low interest rate
- Even lower rate for qualified first time home buyers
- Low or no Down Payment
- Loans up to $521,250
- Subsequent eligibility – Use the loan again
- Home and loan protection plans
- Home Improvement Loans
The interest rates for new loans are reviewed frequently. The interest rates are subject to change without notice. Current rates are posted in this website. Your rate is “locked in” as of the date you apply, and if rates are reduced while your loan is being processed you will receive the benefit of the lower rate. Call us for up-to-date information.
Low Down Payment
Keep your out-of-pocket investment minimal with our low down payment requirement. CalVet Home Loans are available for up to $521,250 with no down payment if you are eligible for a loan guaranty from the United States Department of Veterans Affairs (CalVet/VA), or with a down payment of just 3% of the purchase price for our CalVet97 program.
Maximum Loans up to $521,250
Our loan maximum works well in nearly every California market. The loan maximum for regular properties is $521,250; up to $175,000 for mobile homes in rental parks. First-time homebuyer loans have lower purchase price limits in some counties. Contact us for more information.
With the CalVet/VA loan we obtain the guaranty from the United States Department of Veterans Affairs. On other loans we may purchase private mortgage insurance. A loan funding fee of between 1.25% and 3.30% of the loan amount will be charged in all cases and the fee may be added to the loan amount under certain circumstances. This is a one-time fee, and will not affect your interest rate or monthly installment unless it is financed in the loan. A loan origination fee (common with most loans) of one percent of the loan amount must be paid in escrow.
Have you been shopping for a home, only to be advised by your agent that you should be “pre-approved” so you know how much of a house you should shop for? Your may receive a pre-approval with a phone call and a few dozen questions. Call Navy Veteran – Sheryl Arndt, Sr. Loan Officer 760-475-4225
Contact Sheryl CalVet Needs List Loan Application