CalVet (California Department of Veterans Affairs)
Government Institution
CalVet (California Department of Veterans Affairs) is a state agency that provides affordable homeownership options to California's veterans and active-duty military members. It offers below market interest rate home loans to eligible borrowers, which can be used to purchase a home or make home improvements. These loans are funded through the sale of tax-exempt bonds and require a low or no down payment. In addition to the home loans, CalVet also provides homebuyer education and counseling.
First Mortgage Programs Offered by CalVet (California Department of Veterans Affairs)
CalVet VA Purchase Loan
Best For: Large Loan Amounts, Zero Down
The CalVet VA Home Loan has competitive interest rates, more flexibility, expanded qualification, and little or no down payment requirement.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$2,000,000
CalVet 97 Purchase Loan
Best For: Large Loan Amounts, Low Down Payments
The CalVet 97 Home Loan has expanded qualification for veterans or properties that don't meet standard criteria.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$2,000,000
CalVet VA Refinance
Best For: Limited Equity, Large Loan Amounts, Rate Reduction
The CalVet VA Refinance has competitive interest rates, more flexibility, expanded qualification, and little or no equity requirement.
Min. Credit Score
620
Min. Equity
0%
Max. Loan Amount
$2,000,000
CalVet 97 Refinance
Best For: Limited Equity, Large Loan Amounts
The CalVet 97 Refinance has expanded qualification for veterans or properties that don't meet standard criteria.
Min. Credit Score
620
Min. Equity
3%
Max. Loan Amount
$2,000,000
See If You Qualify for CalVet (California Department of Veterans Affairs) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by CalVet or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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