CalVet loans

CalVet loans

The CalVet loans are for Veterans only. All veterans who served on active duty a minimum of 90 days (not including active duty for training purposes only), whether during wartime or peacetime periods are eligible.

CalVet CA military seals
CalVet CA all service military seals

Eligibility requires service under honorable conditions. There are no prior residency rules–a veteran may have entered service from outside California. Also NG or reservists who have been ordered to active duty, including Active Guard/Reserve (AGR) duty are eligible.

You will need a copy of your DD 214 (Release from Active Duty) to confirm that you have qualifying service. If you do not have a copy, obtaining one is easier than ever. Once you have searched your personal records and determine that you no longer have a copy there are several things you can do. Veterans were advised in the past to have their DD214 recorded in the county they went home to after their release. If you did that, contact the county recorder and you should be able to get a copy there. If you used a DD214 to apply for other benefits, such as educational or medical, that agency may be able to give you a copy.

I can assist in ordering your DD 214 online and have it within 7-10 days.

If neither of these ideas work, the fastest way to obtain a copy is through the National Archives, National Personnel Records Center (NPRC) on their website at ARCHIVES. They are the records custodian for most discharged and retired members of all branches of service. Expect a two to three week wait to receive your record, but ordering online may speed up the process.

If you do not have internet access you can order a copy by mailing or faxing a Standard Form 180 (SF-180) to The National Personnel Records Center, Military Personnel Records, 9700 Page Avenue, St. Louis, Missouri 63132, Fax Number 314-801-9195. Also the SF-180 form may be obtained by fax from the NPRC by calling (301) 837-0990 from a fax machine – follow their directions and request document number 2255.

So if you are currently serving on active duty you are also eligible after you meet the 90 days service requirement. Obtain a Statement of Service from your Commanding Officer, Adjutant, or Personnel Officer.

Similarly current members of the National Guard or Reserves whose only active duty was for training purposes and who are first time home buyers or purchase properties in certain target areas are eligible after one year of service with a total six year service commitment.

The CalVet loan process can begin without the DD214, and we may be able to confirm your dates of service directly through USDVA. Certainly if you have any questions about eligibility or need assistance, contact us. if you are currently serving on regular active duty, you are eligible. I am a Navy Veteran, Sheryl Arndt and love assisting Veterans. 760-486-4225


Eligibility for VA Benefits

You may be eligible for VA benefits if you are a:

  • Veteran, Veteran’s dependent
  • Surviving spouse, child or parent of a deceased Veteran
  • Uniformed service member
  • Present or former reservist or National Guard member

How to Apply for VA Benefits

VA has several ways to apply for your benefits depending on your category and status. Call Sheryl to go over your options.

Sheryl Arndt – Navy Veteran 760-486-4225

Get a Great Loan Value!

If you are a veteran and want a great home loan, then you need a CalVet Loans. You’ll find the CalVet Loans will save you money and provide protection for your home and investment. CalVet loans 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).

Certainly the good news about CalVet loans 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 loans are the loan choice for veterans.

Therefore 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. Above all this program is available to you at no cost to California taxpayers. Just look at some of the great features of the CalVet loans:

  • 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

Interest Rates

Most noteworthy all program interest rates for new loans are reviewed frequently. Even more the interest rates are subject to change without notice. All of the current rates are posted in this website. Also 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 PaymentAbove all these loans keep your out-of-pocket investment minimal with our low down payment requirement. Even more CalVet 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). Also the CalVet97 program down payment is just 3% of the purchase price.

Maximum Loans up to $521,250

As a result 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. So the First-time home buyer loans have lower purchase price limits in some counties. Contact us for more information.

Loan Fees

So with the CalVet loans or VA loans we obtain the guaranty from the United States Department of Veterans Affairs. On other loans we may purchase private mortgage insurance. CalVet loans have a loan funding fee of between 1.25% and 3.30% of the loan amount. This fee is included in the loan amount or can be paid in cash for all VA guarnteed home loans. However Veterans with a 10% or higher VA disability rating are exempt from the funding fee. Also this is a one-time fee and will not affect your interest rate or monthly installment unless it is financed in the loan. Finally a loan origination fee (common with most loans) of one percent of the loan amount must be paid in escrow.

Free Pre-Approvals

So have you been shopping for a home, only to be advised by your agent that you should be “pre-approved”. This is so you know how much of a house you should shop for? Finally you may receive a pre-approval with a phone call, a few dozen questions and submitting documentation on the needs list.

Call Navy Veteran – Sheryl Arndt, Sr. Loan Officer 760-486-4225 or 760-983-4549

Contact Sheryl                         CalVet Needs List                        CalVet Loan Application


VA loans     FHA     Conventional    Jumbo     USDA Rural     Real Estate Services

DAP’s     Refinance     Rent vs Buy     First Time Home Buyer

Contact us here



Pre-Approval loan application for loan processing