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Current Interest Rates


CalVet home loan rates are linked to the bonds we issue. CalVet rates are intended to be under market to deliver an added benefit to our veterans. 

 

We are currently issuing loans with the following rates:

Term

Fixed
Rate*

APR

Funding
Source

 Eligibility Factors

See "Eligibility" tab below for
detailed eligibility requirements

20 year

30 year

3.750%

4.375%

4.093%

4.630%

Qualified Veterans Mortgage Bond (QVMB)
  • Wartime service required
  • Application must be within 25 years of release from active duty
  • Not available for mobile homes in parks
30 year4.250%4.503%Qualified Mortgage Bond(QMB)**

This is a first-time homebuyer program:

  • Subject to federal income / purchase price limits & federal recapture taxes
  • Must not have owned a home in the past 3 years (this restriction is waived for most veterans)
  • California National Guard, and US Armed Forces Reserves, must meet first time homebuyer guidelines
  • Not available for mobile homes in parks
30 year5.990%6.204%​Pre-Ullman
  • Mobile homes in parks add 1.0% to rate
  • Eligible veterans who do not qualify for the above rates will be offered a loan at this rate

APR fee based on a $200K sales price, 10% down payment, financing the VA funding fee under the CalVet/VA loan program and 1 year premium for disaster insurance included. Limited to funds available. Rates are subject to change. Not all buyers will qualify.

** First-time homebuyer program subject to certain federal tax and treasury regulations and restrictions. Click here for more details.

General

  • A discharge classified as Honorable or Under Honorable Conditions is required for all loans.

Qualified Veterans Mortgage Bond Program (QVMB)

  • Wartime Service Required
    • During a qualifying war period or
    • Received an armed forces expeditionary medal or campaign medal awarded by the federal government for the period served
  • Application must be within 25 years of release from active duty
  • May be used to purchase homes, condominiums and manufactured homes not in a park
  • No purchase price restrictions or income limitations on the veteran borrower

Qualified Mortgage Bond Program (QMB)

  • All Veterans and current members of the California National Guard or U.S. Military Reserves
  • Subject to income / purchase price limits & federal recapture taxes
  • California National Guard, and US Armed Forces Reserves, must meet first time homebuyer guidelines.
  • Not available for mobile homes in parks.

Pre-Ullman Bond Program     

  • All Veterans
  • Limited funds available for veterans who do not qualify for QVMB or QMB programs 


See link below for detailed eligibility and purchase price and Income limits utilized by CalVet.

CalVet Home Loans Funding Sources.pdf

Contact us at 800-952-5626 and we can provide you with more information. 

 

 

CalVet Home Loans
Loan Origination Department
1227 O Street
Sacramento, CA 95814
866-653-2510 (Toll Free)
916-503-8359 (Direct)
916-651-9085​ (Fax)
E-Mail: Homeloans@calvet.ca.gov

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​Contact Us

1227 O Street
Sacramento, CA 95814
866-653-2510 (Toll Free)
916-503-8359 (Direct)
916-651-9085 (Fax)
E-Mail: Homeloans@calvet.ca.gov
Office Hours: Monday-Friday, 8am-5pm

Prospective Buyers Card
Prospective Buyers

Current Interest Rates