Sacramento, CA – In recent days, CalVet has received a number of calls from concerned veterans regarding the impact of the federal government shut down on the CalVet Home Loan program. CalVet Home Loans is not being impacted by the U.S. federal government shutdown. The Department is open for business originating and closing loans for California veterans.
“CalVet Home Loans is actually thriving due to its competitive rates and swift loan processing times,” said Peter J. Gravett, CalVet Secretary. “Loans are closing within 30 days, and the program’s 3.9% fixed rate is helping qualified California veterans become homeowners by taking advantage of the state’s recovering real estate market.”
CalVet Home Loans has streamlined the initial qualification process so inquiring veterans and real estate professionals are experiencing service levels that are exceeding the standards of the industry.
For more information regarding CalVet Home Loans, veterans and real estate professionals can call 866-653-2510 or visit our website at http://www.calvet.ca.gov/homeloans>”>www.calvet.ca.gov/homeloans<_tmp_url_0_>;.
CalVet Home Loans started making loans for farms and homes in 1921 and has provided loans to more than 421,500 California veterans. The program offers loans on houses, condominiums, duplexes, farms, mobile homes in rental parks and manufactured homes on land to which the home is permanently affixed. CalVet Home Loans also offers construction, rehabilitation and home improvement loans. CalVet Home Loans is a full-service lender, funding and servicing the loan over the life of the loan term. CalVet Home Loans is funded by tax-exempt bonds approved by voters and repaid by the mortgage payments of veteran customers.