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California Department of Veterans Affairs CalVet Home Loans

California Department of Veterans Affairs (CalVet), Home Loans Division
Home loans up to $957,000 in some counties, farm loans up to $1,148,400, mobile home loans up to $175,000 and home improvement loans up to $150,000

CalVet Home Loans offer low fees, low rates, low to no down payment, flexible guidelines and comprehensive home protection insurance. You can use a CalVet loan alongside the VA home loan guarantee, and you can use the benefit again after a loan is paid in full. Loan limits are up to 125 percent of Fannie Mae maximums for single-family homes, condos and mobile homes on land (up to $957,000 in some counties), $175,000 for mobile homes, 150 percent of Fannie Mae maximums for farm loans (up to $1,148,400 in some counties), and $150,000 for home improvement loans. Rehabilitation and construction loans are also available. If you are called to active duty you can defer repayments, and if you have a hardship you may qualify for a loan term extension that lowers your payment.

Check eligibility

How to apply

Start pre-approval by calling 866-653-2510 or through the CalVet Home Loans online portal. Current customers can call 866-653-2504.

What you'll need

Your DD214 or proof of current service showing at least 90 days of active duty other than for training, plus the income, credit and property documents any mortgage lender requires.

Eligibility

  • You served at least 90 days of active duty other than for training and received an honorable discharge, or you have served at least 90 days of active duty other than for training and are still serving
  • You are buying or improving a property that qualifies under the program

Source

Official source