HOME BUILDERS
Exceeding Expectations
We understand that most home builders have relationships or in-house mortgage companies that were established to ensure on-time closings of your pipeline. Many of those current partnerships do not have the ability to provide CalVet home financing due to licensing issues or lack of experience in these programs. Now you can offer CalVet loans as an additional financing tool without disturbing your existing relationships. Let us provide your Veteran buyers with a great niche loan product and provide you with the same level of communication and professionalism that you expect from your existing business partners. We have many years of experience working with home builders and know what you expect from those you do business with. Try us and you won’t be disappointed. We will be happy to provide references upon request.
In California's volatile real estate market it's vital to your survival to have excellent financing options for your buyers. CalVet's flexible interest rate will allow you to help more veterans into homes while increasing your sales potential as well. Not only can you offer your veteran buyers a great loan at a great rate, but low loan fees reduce the up front costs for the buyer and give you more flexibility in structuring the deal with the buyer.
This home financing program serves all veterans living in, or planning to live in California. Previous residency requirements have been removed, and the program has been vastly improved. Eligibility has been expanded, making most veterans eligible.
Some of the highlights of the new CalVet loan program include:
- Low flexible interest rate on regular loans
- Below Market Bond financing with realistic income and price restrictions
- $521,250 maximum loan for 100% financing (adjusted annually)
- No down payment with a VA Loan Guaranty or 3% down payments for non-VA loans
- No Prior Project Approval Required. Single Family, Condo, Town Homes, Modular OK.
- Interest Rate can be locked in at application and is good until home is completed
- No Up-Front fees for interest rate lock. Free float down if interest rates drop
- Seller can pay 100% of all buyers closing costs. $1.00 moves you in!
- Free prequalification
- Reusable loan eligibility
- Construction and rehabilitation loans available
- Home and loan protection plans include flood and earthquake insurance
You'll qualify more veteran buyers through CalVet than any other loan program, with a low down payment, and veteran friendly VA credit guidelines. There are no financing points charged to the seller, giving you more negotiating room on the sales price and payment of fees.
Low Loan Fees
Since we obtain a loan guaranty, the guaranty fee (or funding fee) is charged in escrow--it may be paid by the buyer or seller. There is NO fee if the down payment is at least 20%, or if the veteran is disabled (VA rated 10%) and if both buyer and property qualify for a VA Guaranty. There is NO monthly mortgage insurance--so your buyer will save in the long term with the one-time loan guaranty. A Loan Origination fee of 1% of the loan amount is charged, and may be paid by the buyer or seller in escrow.|
Contingent Buyer Assistance
One of the most difficult situations you are now dealing with is a contingent buyer that needs to sell their home in order to purchase your new home. We can help you both by offering your buyers Realtor an additional tool to sell that listing quickly. We’ll provide information and expertise to their Realtor on the CalVet program to help attract a qualified veteran to purchase their home with $1.00 down and a great interest rate to help them qualify.
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Construction Loans Available
And, if the veteran would like to build, with CalVet’s Construction Loan they can purchase the land, build the home, and have their permanent financing set up with just one loan package. This saves your buyers hours of frustrating paperwork, and thousands of dollars in the process. They'll totally eliminate the high-priced interim financing that's tough to qualify for and hard to get. You'll have an easier time putting your deal together, and the veteran will get a great loan in the process.
You can also help your buyer negotiate a great deal on a "fixer upper" with CalVet's Rehabilitation Loan. The veteran's loan amount is based on the appraised "Improved" value of the property. It's easy for you, and for your veteran buyers.
Down Payment Assistance
If your buyer needs down payment assistance, CalVet participates with the community housing agency loans for buyers that qualify, and other programs. The down payment can come as a personal loan or gift from any source other than the seller.
Easy Loan Processing
If you haven't worked with us lately, you'll find our fast processing and on-going support throughout the escrow easy and painless. And just like other conventional loans, you will work directly with our team to make sure the process flows smoothly for you and your buyer. We truly do make home loans easy!
Special Interest Rate!
CalVet offers a lower rate for buyers who meet the requirements for Revenue Bond funded loans. These include first time home buyers who meet the income and purchase price limits for their areas. Also, other veterans who buy in designated targeted areas. Call for details at (800) 636-8910 or email doug@Calvetloans.com.
We will provide you with all the forms you need. We’lll be happy to answer questions about the program, provide support in working through the application and help with any eligibility questions that may come up. Free prequalification is available to all veterans simply by calling Doug Bullwinkel at (800) 636-8910 or going on-line to http://www.calvetloans.com.
New Opportunities with CalVet's Eligibility Changes
- There is no prior residency requirement; qualified veterans wishing to live in California may use CalVet financing
- Peacetime era veterans are now eligible
- Veterans who used the loan previously, may obtain another new loan subject to current eligibility and funding requirements
- CalVet has limited unrestricted funds for wartime veterans that have been unable to qualify for the bond funds (call your local district office). CalVet has funds available for nearly every veteran, regardless of when they served
Help Veterans and Build More Homes Too!
It’s Your Bottom Line….Call Today to Get Started…
We will be happy to provide your sales staff with a short presentation on our programs.
Top of Page
HOME BUILDERS
Exceeding Expectations
We understand that most home builders have relationships or in-house mortgage companies that were established to ensure on-time closings of your pipeline. Many of those current partnerships do not have the ability to provide CalVet home financing due to licensing issues or lack of experience in these programs. Now you can offer CalVet loans as an additional financing tool without disturbing your existing relationships. Let us provide your Veteran buyers with a great niche loan product and provide you with the same level of communication and professionalism that you expect from your existing business partners. We have many years of experience working with home builders and know what you expect from those you do business with. Try us and you won’t be disappointed. We will be happy to provide references upon request.
In California's volatile real estate market it's vital to your survival to have excellent financing options for your buyers. CalVet's flexible interest rate will allow you to help more veterans into homes while increasing your sales potential as well. Not only can you offer your veteran buyers a great loan at a great rate, but low loan fees reduce the up front costs for the buyer and give you more flexibility in structuring the deal with the buyer.
This home financing program serves all veterans living in, or planning to live in California. Previous residency requirements have been removed, and the program has been vastly improved. Eligibility has been expanded, making most veterans eligible.
Some of the highlights of the new CalVet loan program include:
- Low flexible interest rate on regular loans
- Below Market Bond financing with realistic income and price restrictions
- $521,250 maximum loan for 100% financing (adjusted annually)
- No down payment with a VA Loan Guaranty or 3% down payments for non-VA loans
- No Prior Project Approval Required. Single Family, Condo, Town Homes, Modular OK.
- Interest Rate can be locked in at application and is good until home is completed
- No Up-Front fees for interest rate lock. Free float down if interest rates drop
- Seller can pay 100% of all buyers closing costs. $1.00 moves you in!
- Free prequalification
- Reusable loan eligibility
- Construction and rehabilitation loans available
- Home and loan protection plans include flood and earthquake insurance
You'll qualify more veteran buyers through CalVet than any other loan program, with a low down payment, and veteran friendly VA credit guidelines. There are no financing points charged to the seller, giving you more negotiating room on the sales price and payment of fees.
Low Loan Fees
Since we obtain a loan guaranty, the guaranty fee (or funding fee) is charged in escrow--it may be paid by the buyer or seller. There is NO fee if the down payment is at least 20%, or if the veteran is disabled (VA rated 10%) and if both buyer and property qualify for a VA Guaranty. There is NO monthly mortgage insurance--so your buyer will save in the long term with the one-time loan guaranty. A Loan Origination fee of 1% of the loan amount is charged, and may be paid by the buyer or seller in escrow.|
Contingent Buyer Assistance
One of the most difficult situations you are now dealing with is a contingent buyer that needs to sell their home in order to purchase your new home. We can help you both by offering your buyers Realtor an additional tool to sell that listing quickly. We’ll provide information and expertise to their Realtor on the CalVet program to help attract a qualified veteran to purchase their home with $1.00 down and a great interest rate to help them qualify.
Top of Page
Construction Loans Available
And, if the veteran would like to build, with CalVet’s Construction Loan they can purchase the land, build the home, and have their permanent financing set up with just one loan package. This saves your buyers hours of frustrating paperwork, and thousands of dollars in the process. They'll totally eliminate the high-priced interim financing that's tough to qualify for and hard to get. You'll have an easier time putting your deal together, and the veteran will get a great loan in the process.
You can also help your buyer negotiate a great deal on a "fixer upper" with CalVet's Rehabilitation Loan. The veteran's loan amount is based on the appraised "Improved" value of the property. It's easy for you, and for your veteran buyers.
Down Payment Assistance
If your buyer needs down payment assistance, CalVet participates with the community housing agency loans for buyers that qualify, and other programs. The down payment can come as a personal loan or gift from any source other than the seller.
Easy Loan Processing
If you haven't worked with us lately, you'll find our fast processing and on-going support throughout the escrow easy and painless. And just like other conventional loans, you will work directly with our team to make sure the process flows smoothly for you and your buyer. We truly do make home loans easy!
Special Interest Rate!
CalVet offers a lower rate for buyers who meet the requirements for Revenue Bond funded loans. These include first time home buyers who meet the income and purchase price limits for their areas. Also, other veterans who buy in designated targeted areas. Call for details at (800) 636-8910 or email doug@Calvetloans.com.
We will provide you with all the forms you need. We’lll be happy to answer questions about the program, provide support in working through the application and help with any eligibility questions that may come up. Free prequalification is available to all veterans simply by calling Doug Bullwinkel at (800) 636-8910 or going on-line to http://www.calvetloans.com.
New Opportunities with CalVet's Eligibility Changes
- There is no prior residency requirement; qualified veterans wishing to live in California may use CalVet financing
- Peacetime era veterans are now eligible
- Veterans who used the loan previously, may obtain another new loan subject to current eligibility and funding requirements
- CalVet has limited unrestricted funds for wartime veterans that have been unable to qualify for the bond funds (call your local district office). CalVet has funds available for nearly every veteran, regardless of when they served
Help Veterans and Build More Homes Too!
It’s Your Bottom Line….Call Today to Get Started…
We will be happy to provide your sales staff with a short presentation on our programs.
Top of Page