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Any veteran can apply for a CalVet Home Loan when purchasing an owner-occupied home in California. To be eligible, you must (1) Have served on active duty for at least 90 days during wartime or peacetime (excluding training), (2) Have a discharge under honorable conditions, and (3) Not have a current CalVet Home Loan. Apply online so you can start making offers on your next home.
Phone: 866-653-2510
Frequently Asked Questions
I want to use my VA loan benefit. Should I consider CalVet Home Loans?
Yes. CalVet can combine your federal loan benefit with benefits offered by the state to create home financing that is of superb value for our veterans.
Can I use my benefit of 100% financing?
Yes. CalVet often uses the federal VA guarantee to offer veterans up to 100% financing with no monthly private mortgage insurance payments.
I was in the service over 25 years ago. Can I apply for a CalVet loan?
Yes. All veterans who served on active duty can apply; at any age in any state of enlistment. You only need to be purchasing or refinancing a home in California.
My credit score is too low for my bank to help. Can CalVet work with me?
Yes. We have credit standards, but we do not have a minimum credit score requirement. We manually underwrite all our home loans to maximize flexibility and improve your homeownership opportunities.
If I had a short sale, foreclosure, or bankruptcy in the past, can I get a CalVet loan?
Yes. We underwrite all of our home loans; thus, we can help you obtain a CalVet loan after a short sale, foreclosure, or bankruptcy.
Can I purchase a manufactured home on land?
Yes. We fund loans for most property types, including:
- Single-family.
- Planned unit developments.
- VA-approved condominiums.
- Manufactured homes installed on land.
- Mobile homes in mobile home parks.
- Working farms.
I don’t want my loan to be sold to another bank. Can I stay with CalVet for loan servicing?
Yes. We do not sell the servicing, and you stay with us for the life of your loan.
I used the CalVet program once before. Can I use it again?
Yes. You can use our program again and again. If you had a CalVet home loan in the past and paid in full, you can apply for another loan.
If I only have a partial federal VA guarantee left, can I get 100% financing?
Yes. Example: If you have a federal VA-guaranteed loan and are turning your property into a rental, we may help you get a CalVet or VA loan for a new owner-occupied property.
Does CalVet have an excellent property insurance program for most of its loans?
Yes. We offer outstanding fire and hazard insurance coverage and disaster coverage, including earthquake and flood protection. We will not cancel your policy after a natural disaster.
What if I want to build a home? Can CalVet help?
Yes. We offer construction loans and other specialty loans, such as rehabilitation purchase loans and home improvement loans.
Is it easy to apply for a CalVet pre-approval?
Yes. Apply now to start the streamlined pre-approval process for a home loan. After you apply online, a CalVet representative will guide you through the process. You have a friend in the lending business!
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Topics
Assistance and social programs, Housing and real estate,
Keywords
Air Force, Army, Marines, Military, Mortgage, Navy, Veteran, Home Loans,