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Robert A. Olivas on Cal Vet Loans

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Robert A. Olivas on Cal Vet Loans
Under the Cal Vet Program (the California Farm And Home Purchase Program) California Veterans can acquire suitable farm or home property at a low financing cost.

With a Cal Vet loan, the veteran is buying under a land contract.

The State of California actually lends the money rather than guaranteeing payments.
The property is acquired under land contract, and the state retains title to the property until the final payment is made.

Cal Vet Loan Features:
Approved Cal Vet Lenders can arrange the loan
Cal Vet loans are processed with VA guidelines
Cal Vet loans require a small down payment
Cal Vet loans are changeable but have a rate cap

great features of the CalVet loan:
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
Robert A. Olivas on Cal Vet Loans

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Robert A. Olivas on Cal Vet Loans

  1. 1. Cal Vet LoansBy Robert A. Olivas
  2. 2. Cal Vet Loans• Under the Cal Vet Program (the California Farm And Home Purchase Program) California Veterans can acquire suitable farm or home property at a low financing cost. •
  3. 3. Cal Vet LoansWith a Cal Vetloan, theveteran isbuying under aland contract.
  4. 4. Cal Vet Loans• The State of Californiaactually lends the moneyrather than guaranteeingpayments.
  5. 5. Cal Vet Loans• The property is acquiredunder land contract, andthe state retains title to theproperty until the finalpayment is made.
  6. 6. Cal Vet Loan Features1 Approved Cal Vet Lenders can arrange the loan2 Cal Vet loans are processed with VA guidelines3 Cal Vet loans require a small down payment4 Cal Vet loans are changeable but have a rate cap
  7. 7. Current Rates Can Be Found:http://www.cdva.ca.gov/Files/HomeLoans/Interest_Rates.pdf
  8. 8. Cal Vet ReCap:Low interest rateEven lower rate for qualified first timehome buyersLow or no Down PaymentLoans up to $521,250Subsequent eligibility - Use the loan againHome and loan protection plansHome Improvement Loans
  9. 9. • • Cal Vet Loans Overview by • Robert A. Olivas

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