CalVet Home Loans
Honoring California Veterans with Competitive Rates, Zero Down Payment, and Exclusive Benefits.
CalVet Veteran Benefits
Veteran-Exclusive
Designed specifically for California honorably discharged veterans and their families.
Competitive Rates
Interest rates as low as 4.75% with no additional lender fees.
Fast Approval
Quick underwriting process designed for veteran borrowers.
No PMI
Avoid private mortgage insurance with CalVet guarantee.
CalVet Loan Program Details
Service Requirements
Nearly all California veterans qualify for CalVet loans:
- 90+ days active duty service (wartime or peacetime)
- Honorable discharge required
- No prior California residency required
- Can apply even if not currently in California
Down Payment & Financing
CalVet offers flexible down payment options:
- 0% down payment available
- 3% down payment assistance for closing costs
- 30-year fixed rate mortgage
- 1% loan origination fee (no additional lender fees)
Loan Features
Interest Rates
- • Competitive rates (4.75% APR example)
- • No prepayment penalties
- • Fixed rate for entire loan term
Credit Requirements
- • Minimum FICO score: 620+
- • Debt-to-income ratio: 43% or less
- • Good payment history preferred
CalVet vs VA Loans
| Feature | CalVet | VA Loan |
|---|---|---|
| Down Payment | 0% available | 0% available |
| Funding Fee | 1% origination fee | 0.5-3.3% funding fee |
| Geographic | California only | Nationwide |
| Rates | Competitive (4.75%+) | Competitive (varies) |
| Closing Costs | 3% assistance available | Seller pays typically |
Your Path to CalVet Loan Approval
1
Verify Service
Confirm military service eligibility
2
Application
Complete CalVet application online
3
Underwriting
CalVet reviews and approves loan
4
Closing
Sign documents and get keys
Thank You for Your Service
Now it's time to invest in your future. CalVet loans make homeownership affordable for California veterans.