VA & CalVet Home Loans

VA/CalVet Loans

VA Loans are available to eligible Active, Separated, Reserves, and some National Guard Veterans of the US Military. This program offers our nation’s military service people a no down payment loan option, with no monthly mortgage insurance, and flexible underwriting guidelines. Each loan is insured by the Department of Veteran Affairs.

VA At-a-glance
Minimum Down Payment0%
Terms (Years)30, 25, 20, 15 Fixed and Adjustable
Gift Funds AllowedYes
Eligible HomesSingle & Multi-Family, Manufactured, Condo
Seller Paid Closing CostsUp to 4% of the Sales Price
Loan LimitsVaries by County (Shasta County $417,000)
MaxDTI41% (Higher DTI’s May Be Allowed In Some Cases)
Minimum Credit ScoreVA None (Most Lenders Require 600+)
AvailabilityAll US States, Eligible Veterans, & Owner Occupied

*Other restrictions and guidelines apply. Please contact lender for full program details.

Is A VA Loan For Me?

A VA Loan is a great option for most eligible veterans looking to purchase a home, however it is not always the best choice. If you are in active duty and could be transferred, or non-active and plan to move in the first 5 years, a VA Loan might not be for you.

Program Benefits
  • One of the only 100% LTV programs around. No down payment required.
  • Loan amounts up to $650,000.
  • Fairly reasonable underwriting guidelines.
  • No cash reserves required.
Facts about VA/CalVet
  • Must have DD214 with honorable discharge.
  • Must be owner occupied.
  • Multi-Unit by two or more eligible veterans may consist of up to 6 family units.
  • Bankruptcy and foreclosures do not necessarily eliminate veteran from qualifying– looking for 2 years in most cases.


Our team can help answer any questions.