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
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.
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.
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
OTHER LOAN PROGRAMS:
VA loans FHA Conventional Jumbo USDA Rural Real Estate Services
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