Real Estate Agents can increase their income by working with California Veterans

In California's volatile real estate market it's vital to your income 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 gives more flexibility in structuring the deal with the seller.

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:

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.

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 can work directly with us 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. A qualified staff of professionals will update you on the CalVet program, in person or via conference call with you and your veteran buyer if that's more convenient.

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CalVet REHAB Program
Sometimes a house in disrepair or one that's too small for your family's needs can be a great buy. Even when you figure in the cost of improvements to turn the house into an adequate home for your family, you may be thousands of dollars ahead to buy the "fixer-upper" and do the rehab work to get what you really need.

Few lenders will even consider this kind of purchase. And if they do, it's an expensive loan with a big down payment, with lots of costs and fees as well.

You'll be dollars ahead, sometimes thousands of dollars, when you finance your new home with a CalVet Rehabilitation Loan. You'll enjoy all the great money-saving features of a regular CalVet loan like: