Cal Vet Loans provide California veterans with low-cost financing to acquire suitable farm or home property. The State of California lends the money directly rather than guaranteeing payments. The veteran buys the property under a land contract, with the state retaining title until final payment is made. Cal Vet loans feature low down payments, adjustable but capped interest rates, and eligibility for subsequent loans up to $521,250.

1. Cal Vet Loans
By Robert A. Olivas

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

4. Cal Vet Loans
• The
State of California
actually lends the money
rather than guaranteeing
payments.

5. Cal Vet Loans
• The
property is acquired
under land contract, and
the state retains title to the
property until the final
payment is made.

6. Cal Vet Loan Features
1 Approved Cal Vet Lenders can arrange
the loan
2 Cal Vet loans are processed with VA
guidelines
3 Cal Vet loans require a small down
payment
4 Cal Vet loans are changeable but have a
rate cap

7. Current Rates Can Be Found:
http://www.cdva.ca.gov/Files/
HomeLoans/Interest_Rates.pdf

8. Cal Vet ReCap:
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

9. •
• Cal Vet Loans Overview
by
• Robert A. Olivas