Brokers vs. Banks

LOAN TYPES

Conventional Loans
FHA Loans
VA Loans

LOAN APPLICATION

CALIFORNIA
LOAN PROGRAMS

DOWN PAYMENT ASSISTANCE LOANS

PROFESSIONAL LOANS

OTHER LOANS

CALCULATOR DIRECTORY

 
 

LOAN PROGRAMS:

    (1) Cal-Vet,
    (2) VA,
    (3) Cal-Vet 97%, and
    (4) Cal-Vet 80/20.

PROPERTY TYPES:

    (1) Construction loans
    (2) Rehabilitation Loans
    (3) Mobile Homes on Land
    (4) Mobile Homes in Parks

Mobile Homes:

$70,000.00 Mobile Home Park Purchases

FARM PROPERTIES:

$521,250.00 Farm Property Purchases

REQUIRED FORMS:

1) CERTIFICATE OF ELIGIBILITY  

Mail Certificate to:
VA Eligibility Center
P.O. Box 20729
Winston-Salem, NC, 27120

2) DD-214 FORM  

Follow the instructions on your "SF-80" Form.

PURCHASE PRICE INFORMATION:

Purchase Price & Income Limits Defined: (Click to See Form)

County

  Income that is allowed per County;
Areas
  Targeted or Non-Targeted Areas;
Persons
  One and Two; Three or More...

WHY CAL-VET?

   
Your Cal-Vet Interest Rate may not be as competitive as other Conventional and FHA Lenders, but when you consider that you with Conventional and FHA you have to pay a MONTHLY MORTGAGE INSURANCE PREMIUM, having (MI) can cost you over $100.00 per month.

Cal-Vet Interest Rates (Click to See Rates)

    Right here You can determine what 'Rate' You 'Qualify' for based upon Your 'Counties'

 

NO MONTHLY MORTGAGE INSURANCE (MI) PREMIUMS:

   
If you don't have 20% to put as a Down Payment on a Home and you are Veteran, go Cal-Vet, if you are more than 10% disabled, then you can go 'ZERO DOWN PAYMENT' and your 'FUNDING FEES' are waived.

CAL-VET QUALIFYING FORM PACKETS:

5.75%   Qualified Mortgage Bonds
5.95%   Qualified Veterans Mortgage Bonds
6.20%   Unrestricted Fund Packet

More Info on Cal-Vet Pre-Approval:

 
QUALIFIED CAL-VET REAL ESTATE AGENTS:
A Cal-Vet Approved Agent is aware of how to structure your purchase when you are buying with a Cal-Vet home loan - Hiring a Approved Cal-Vet Agent will not only save you money, but is helpful in answering your question, get a Veteran Realtor.

CAL-VET INFORMATIONAL FORMS:

   

General Eligibility Rules Explained:

   
   
RESIDENCY REQUIREMENTS:
   
There are no prior-residency-requirements to qualify and each time you change your residence you can reapply for a new Cal-Vet loan - again and again - It is Renewable and Reusable. You must occupy the home as your primary residence and are subject to new eligibility and financial qualifications.

For more on Cal-Vet complete the following:

ABOUT YOU:
First Name
Last Name
Address
Zip
Cell Number ( )
W
ork Number ( )
F
ax Telephone ( )
E-mail  
 
 
Comments or Questions


 

Copyright February 2, 2000.
All rights reserved.