Current interest rates being offered to Veterans for home financing are near historic lows. In fact, in June 2010, interest rates were at their lowest level since the 1950′s!
Low rates combined with affordable homes mean it is a buyer’s market and the opportunity to purchase your home is here. And because you are a Veteran, or currently serving in the military, you are eligible for great programs like CalVet and VA Home Loans.
Both programs are structured to provide the Veteran with additional benefits on 30 year terms with low rates, which translates to a lower monthly mortgage payment for you.
| VA Home Loan | ||
|---|---|---|
| Program | Interest Rate | APR |
| 30 Year Fixed | 4.25% | 4.301% |
| 15 Year Fixed | 3.75% | 3.820% |
* All rates are subject to change without notice.
* APR is based on a loan amount of $475,000 at 95% loan-to-value.
* Please call or apply online and we can determine which rate applies to your military service background.
| CalVet Home Loans | ||
|---|---|---|
| Program | Interest Rate | APR |
| Qualified Mortgage Bond Funding *** | 5.25% | 5.63% |
| Qualified Veterans Mortgage Bond Funding *** | 5.50% | 5.89% |
| Pre-Ullman Funding *** | 5.95% | 6.35% |
*** Qualified Mortgage Bond Funding is subject to income and purchase price limits and federal recapture taxes. CalVet Military Eligibility is required. California National Guard and US Military Reserves must meet first time homebuyer guidelines. Not available for Mobile Homes in Parks or Home Improvements Loans.
*** Qualified Veterans Mortgage Bond Funding – Wartime service is required, application must be within 25 years of release from active duty. CalVet Military Eligibility required.
*** Pre-Ullman Funding – CalVet Military Eligibility required.
*** APR is based on a loan amount of $475,000 at 95% loan-to-value.
*** Please call or apply online and we can determine which rate applies to your military service background.
*** Mobile Homes in Parks have a 1% higher rate than your qualifying rate.
*** All rates are subject to change without notice.
We are in the enviable position of being able to offer Veterans their choice of government loan program, including VA and CalVet, because that’s our specialty.
Give us a call or Apply Online. It’s a service we provide free of charge so you can know what your best options are.
