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CalVet, VA Loan Apps.
CalVet Loan Application Page is under construction. Use Contact Us if preferred.

If you are a veteran and want the best home loan on the market, then you need a CalVet Home Loan. You'll find the CalVet Loan will save you money and provide protection for your home and investment. CalVet has expanded eligibility so that most veterans (including those now on active duty) wanting to buy a home in California are eligible, subject to financial qualification and available bond funds (See restrictions for peacetime-era veterans).

The good news about CalVet is the money you'll save with our low interest rates, low down payment and easier qualification. Compare it with other loans, and you'll see why CalVet is the loan of choice for veterans.

You and your family will benefit from this great loan from day one! It is the State of California's way of saying "thanks" for what you gave to your country through your military service. Best of all, this program is available to you at no cost to California taxpayers. Just look at some of the 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
Interest Rates
Interest rates for new loans are reviewed frequently to insure that the rates we offer are below market. Interest rates are subject to change without notice. Current rates are posted in this website. Your rate is "locked in" as of the date you apply, and if rates are reduced while your loan is being processed you will receive the benefit of the lower rate. While technically a flexible rate, there is a 1/2% cap on increases during the term of the loan. Call 760-486-4225, for up-to-date information.

Low Down Payment
Keep your out-of-pocket investment minimal with our low down payment requirement. CalVet Home Loans are available for up to $521,250 with no down payment if you are eligible for a loan guaranty from the United States Department of Veterans Affairs (CalVet/VA), or with a down payment of just 3% of the purchase price for our CalVet97 program.

Maximum Loans up to $521,250
Our loan maximum works well in nearly every California market. The loan maximum for regular properties is $521,250; up to $175,000 for mobile homes in rental parks and $625,500 for farm properties. First-time homebuyer loans have lower purchase price limits in some counties.

Loan Fees
CalVet obtains a loan guaranty on all loans. With the CalVet/VA loan we obtain the guaranty from the United States Department of Veterans Affairs. On other loans we purchase private mortgage insurance. In all cases a loan guaranty fee of between 1.25% and 3.30% of the loan amount will be charged with down payment’s of less than 20% of the sales price. Under certain circumstances the fee may be added to the loan amount. This is a one-time fee, and will not affect your interest rate or monthly installment unless it is financed in the loan. There is NO fee if the down payment is 20% or more. You will also be charged a loan origination fee (common with most loans) of one percent of the loan amount. This fee must be paid in escrow.

Expanded Eligibility
If you haven't checked into CalVet lately, you'll be pleased to know that the eligibility has been expanded. Most veterans planning to buy a home in California are eligible -- there is no prior residency requirement. Eligible veterans must meet federal rules regarding the use of the bond funds. CalVet has several bond fund sources for veterans who served during a wartime era, regardless of when they served. Veterans whose service was during peacetime are eligible, but must meet the requirements for use of Revenue Bonds funds. Peacetime-era veterans must be first-time homebuyers and meet income and purchase price limitations. You can contact your local CalVet Office to determine your eligibility and funding status or a certified Mortgage Broker. Veterans must have received a discharge under honorable conditions, and provide a copy of their DD-214 or release from active duty. If you are currently serving on active duty, you can provide a Statement of Service to verify your qualifying dates and character of service.

Reusable Loans
You may obtain a new CalVet loan each time you decide to change your residence -- it may be used again and again. Once the previous loan has been paid off, you may obtain a new loan with the current features, subject to eligibility and financial qualification.

Home and Loan Protection Plans
In an effort to ensure that your investment is safe and sound, CalVet provides comprehensive protection for you and your family. However, this is another area where you deserve the best. No other lender offers you protection against natural disasters like CalVet. While thousands of Californians have lost everything in natural disasters like floods and earthquakes, CalVet loan holders have full guaranteed replacement cost coverage for their home, keeping disaster in check. You'll be fully protected against floods and earthquake damage with your CalVet financed home. CalVet's deductible is a low $500 on flood claims, and $500 or 5% of the coverable loss (whichever is greater) on earthquake and mudslide claims. Should disaster strike, you'll be on your way to recovery in days, and at a considerable savings over the costs associated with private policies.

Most loans also include fire and hazard insurance coverage. You will have guaranteed replacement cost coverage on the home, with low premiums and a $250 deductible. But this still isn't all! With the CalVet loan you'll receive limited guaranteed life insurance in an amount to make the principal and interest payments for one to five years, depending on your health status at the time you obtain the loan. Optional coverage is offered by the insurance carrier including additional life insurance for the veteran, life insurance for the spouse, and disability insurance. Applicants must be under the age of 62 when their loan is funded to receive the life insurance coverage.

Applicants must be under the age of 62 when their loan is funded to receive the life insurance coverage.

Loan Processing (Done in House at FMC through Sheryl Faulkner, Certified CalVet Mortgage Broker)
You may process your loan through the local CalVet Office or with a certified mortgage broker. CalVet will assist you and your real estate agent each step of the way. Your agent or broker may coordinate the entire process with CalVet, just as they would do with loans from other lenders. Loan processing functions have been centralized to provide consistent and timely processing. We are now closing most loans within 30 days from receipt of the application.

Save Money with CalVet
Wouldn't you rather have lower payments and more money going into your pocket each month? Call today for more information on obtaining a CalVet loan, or for information on other benefits you may have as a veteran.

Your Certified Mortgage Broker handles all functions needed to obtain your CalVet Loan including Loan Processing, missing documents, etc.

CalVet Eligibility:

All veterans who served on active duty a minimum of 90 days (not including active duty for training purposes only), whether during wartime or peacetime periods are eligible. Eligibility requires service under honorable conditions. There are no prior residency rules--a veteran may have entered service from outside California. NG or reservists who have been ordered to active duty, including Active Guard/Reserve (AGR) duty are eligible.

You will need a copy of your DD 214 (Release from Active Duty) to confirm that you have qualifying service. If you do not have a copy, obtaining one is easier than ever. Once you have searched your personal records and determine that you no longer have a copy there are several things you can do. In the past veterans were advised to have their DD214 recorded in the county they went home to after their release. If you did that, contact the county recorder and you should be able to get a copy there. If you used a DD214 to apply for other benefits, such as educational or medical, that agency may be able to give you a copy.

If neither of these ideas work the fastest way to obtain a copy is through the National Archives, National Personnel Records Center (NPRC) on their website at They are the records custodian for most discharged and retired members of all branches of service. Expect a two to three week wait to receive your record, but ordering online may speed up the process.

If you do not have internet access you can order a copy by mailing or faxing a Standard Form 180 (SF-180) to The National Personnel Records Center, Military Personnel Records, 9700 Page Avenue, St. Louis, Missouri 63132, Fax Number 314-801-9195. The SF-180 is available in our District Offices, and may be obtained by fax from the NPRC by calling (301) 837-0990 from a fax machine - follow their directions and request document number 2255.

If you are currently serving on active duty you are also eligible after you meet the 90 days service requirement. Obtain a Statement of Service from your Commanding Officer, Adjutant, or Personnel Officer.

Current members of the National Guard or Reserves whose only active duty was for training purposes and who are first time homebuyers or purchase properties in certain target areas are eligible after one year of service with a total six year service commitment.

CalVet can begin processing your loan without the DD214, and we may be able to confirm your dates of service directly through USDVA. Contact one of our offices if you have any questions about eligibility or need assistance. If you are currently serving on regular active duty, you are eligible.

Sheryl Arndt, Broker/Loan Officer NMLS# 297251 is providing home loans for: Los Angeles County, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, Madera County, Chowchilla, Madera, Marin County, Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Tiburon, Mariposa County, Mendocino County, Fort Bragg, Point Arena, Ukiah, Willits, Merced County, Atwater, Dos Palos, Gustine, Livingston, Los Banos, Merced, Modoc County, Alturas, Mono County, Mammoth Lakes, Monterey County, Carmel, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Salinas, Sand City, Seaside, Soledad, Napa County, American Canyon, Calistoga, Napa, St. Helena, Yountville, Nevada County, Grass Valley, Nevada City, Truckee, Orange County, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin , Villa Park, Westminster, Yorba Linda, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Plumas County, Portola, San Bernardino County, Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Twentynine Palms, Upland, Victorville, Yucaipa, Yucca Valley, Riverside County, Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, Desert Hot Springs, Hemet, Indian Wells, Indio, La Quinta, Lake Elsinore, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Sacramento County, Folsom, Galt, Isleton, Sacramento, San Benito County, Hollister, San Juan Bautista, San Diego County, Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway. San Diego, San Marcos, Santee, Solana Beach, Vista, San Francisco County, San Francisco, San Joaquin County, Escalon, Lathrop, Lodi, Manteca, Ripon, Stockton, Tracy, San Luis Obispo County, Arroyo Grande, Atascadero, Grover Beach, Morro Bay, Paso Robles, Pismo Beach, San Luis Obispo, San Mateo County, Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, South San Francisco, Woodside, Santa Barbara County, Buellton, Carpinteria, Guadalupe, Lompoc, Santa Barbara, Santa Maria, Solvang, Santa Clara County, Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale, Santa Cruz County, Capitola, Santa Cruz, Scotts Valley, Watsonville, Shasta County, Anderson, Redding, Shasta Lake, Sierra County, Loyalton, Siskiyou County, Dorris, Dunsmuir, Etna, Fort Jones, Montague, Mount Shasta, Tulelake, Weed, Yreka, Solano County, Benicia, Dixon, Fairfield, Rio Vista, Suisun City, Vacaville, Vallejo, Sonoma County, Cloverdale, Cotati, Healdsburg, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, Sonoma, Windsor , Stanislaus County, Ceres, Hughson, Modesto, Newman, Oakdale, Patterson, Riverbank, Turlock, Waterford, Sutter County, Live Oak, Yuba City, Tehama County, Corning, Red Bluff, Tehama, Trinity County, Tulare County, Dinuba, Exeter, Farmersville, Lindsay, Porterville, Tulare County, Tulare, Visalia, Woodlake, Tuolumne County, Sonora, Ventura County, Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, Santa Paula, Simi Valley, Thousand Oaks, Ventura, Yolo County, Davis, West Sacramento, Winters, Woodland, Yuba County, Marysville, Wheatland, Alameda County, Alameda, Albany, Berkeley, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Oakland, Piedmont, Pleasanton, San Leandro, Union City, Alpine County, Amador County, Amador City, Ione, Jackson, Plymouth, Sutter Creek, Butte County, Chico, Gridley, Oroville, Paradise, Calaveras County, Angels Camp, Valley Springs, Colusa County, Colusa, Williams, Contra Costa County, Antioch, Brentwood, Clayton, Concord, Danville, El Cerrito, Hercules, Lafayette, Martinez, Moraga, Orinda, Pinole, Pittsburg, Pleasant Hill, Richmond, San Pablo, San Ramon, Walnut Creek, Del Norte County, Crescent City, El Dorado County, Placerville, South Lake Tahoe, Fresno County, Clovis, Coalinga, Firebaugh, Fowler, Fresno, Huron, Kerman, Kingsburg, Mendota, Orange Cove, Parlier, Reedley, San Joaquin, Sanger, Selma, Glenn County, Orland, Willows, Humboldt County, Arcata, Blue Lake, Eureka, Ferndale, Fortuna, Rio Dell, Trinidad, Imperial County, Brawley, Calexico, Calipatria, El Centro, Holtville, Westmorland, Inyo County, Bishop, Kern County, Arvin, Bakersfield, California City, Delano, Kern County, Maricopa, McFarland, Ridgecrest, Shafter, Taft, Tehachapi, Wasco, Kings County, Avenal, Corcoran, Hanford, Lemoore, Lake County, Clearlake, Lakeport, Lassen County, Susanville,