First Residential

CalVet Loans

CalVet home loans are made by the California Department of Veterans Affairs.

CalVet loans are specifically tailored to provide virtually all active duty and retired armed force members with many benefits and features that save money and provide protection for their home. Applicants for the CalVet Home Loan Program will enjoy a competitive, below market interest rate on loans up to $521,250 with as little as no money down. Additional benefits include :

Zero Down Payment Loan Programs are available for VA guaranteed loans (CalVet/VA)

Rehabilitation Loans that enable you to buy a home that’s in need of repair and funds the repair costs, with only 3% down

Construction Loans that allow you to build the home of your dreams, with only 3% down (more on this below)

Manufactured Home financing on land or in a rental park (up to $175,000 in a rental park)

Competitive interest rates

No monthly mortgage insurance

No prepayment penalties

Funds are available for home loans on many types of residencies including Single Family Residences, Condominiums and Mobile Homes in Parks.

CalVet raised the maximum loan amount to $521,250 so that more home purchasing opportunities are available.

Excellent insurance benefits for fire, earthquake and flood offer you greater protection for your investment

Eligibility Requirements

The CalVet Home Loan Program has recently updated its eligibility requirements so that nearly every Honorably Discharged Veteran wanting to purchase real estate in California can apply.

Your DD-214 must declare an “Honorable Discharge.” Generally, a “Medical Discharge” is acceptable if there is a service-connected disability. Also, “Under Honorable Terms” is generally acceptable

No Prior California Residency Restrictions – no matter where you entered the military in the United States, as long as you are wanting to buy a home in California, you qualify for CalVet financing

Funds are available for qualifying wartime and peacetime era Veterans as well as applicants currently serving on Active Duty

Cal Vet is Reusable – Veterans who used the CalVet Home Loan Program previously may obtain another new loan subject to current eligibility and funding requirements

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Cal-Vet Loans

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For FHA Loans

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For JUMBO Loans

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For VA Loans

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USDA Loans

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HARP Loans

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Reverse Mortgage

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About San Diego

San Diego is one of the fastest growing cities in America. Boasting a population that exceeds 1,300,000, we’re the 8th largest city in the U.S. and the 2nd largest in California. Of course, arguably, we have the most beautiful city anywhere.