Category Home Loans

FINANCING OF L.A. BUNGALOW IN 1922 OPENED DOOR TO $8.5 BILLION AND COUNTING IN CALVET HOME LOANS TO VETERANS AND THEIR FAMILIES

On July 1, 1922, a 28-year-old disabled World War I veteran became the first recipient of a Farm and Home Loan from the state of California in what ultimately became the CalVet Home Loans Program.  The 1,185 square foot bungalow style home, on North Townsend Avenue in Los Angeles, sold for $4,120, which came out to a monthly payment of $25.94. Of course, he had no way of […]

BROTHERS IN ARMS, BROTHERS IN PARADISE: REBUILDING FROM THE CAMP FIRE DEVASTATION

On the morning of November 8, 2018, as Shane Murray drove from his new home in Paradise to work in Oroville, he looked into his rear-view mirror and saw a plume of smoke billowing against an otherwise azure sky. By the time he told his boss he needed to return home to evacuate – that […]

ONCE-TROUBLED ARMY VETERAN IN STOCKTON BECOMES CALVET’S LATEST HOME LOAN SUCCESS STORY

Just over two weeks ago, U.S. Army veteran Ludovico Anthony Calabro signed the final escrow papers and received the keys to his new home in Stockton. It marked an emotional moment for the 68-year-old Army veteran, whose life story is one of tribulations and redemptions, of demons and Deity, of patience and perseverance. For CalVet […]

IT’S A WRAP: VETERANS GETTING NEW HOMES ON “EXTREME MAKEOVER: HOME EDITION” SHOW AIRING SUNDAY, MARCH 15

A partnership between the California Department of Veterans Affairs Residential Enriched Neighborhood Program (CalVet REN), the city of Palmdale, and Homes 4 Families Veteran Enriched Neighborhoods® that provides homes to military veterans, will be featured at 8 p.m. Sunday in an episode of HGTV Channel’s “Extreme Makeover: Home Edition”. “This is an amazing partnership and […]

Veterans with CalVet home loans among those sorting out their futures in Paradise

Navy veteran Jim Davis saw an ominous sky as he headed out to the woodwork shop at his home in Paradise one morning in November 2018. “A really strange cloud,” he said. Davis sensed immediately that it soon would be raining fire, not water. He packed up what he could, then quickly left his property. […]

24 Veterans presented with Keys to their New Homes tomorrow

On Saturday, November 17, Homes 4 Families and CalVet will hold a public ceremony topresent 24 veterans and their families with keys to their new homes. “I believe in the American Dream, and for veterans, a big part of that dream is home ownership,” said CalVet Secretary Dr. Vito Imbasciani. “Through this project, CalVet and Homes 4 Families have […]

Insight into incredible veteran benefits of a CalVet Farm and Home Loan

Established in 1921, following the return of soldiers from World War I, the CalVet Home Loan program was created to ensure U.S. servicemembers were given an opportunity to find affordable housing in California. What started as a gesture of gratitude is now a competitive, excellent veteran home loan program that is still going strong 97 […]

CalVet Home Loans are good for veterans and the economy

When it comes to veterans benefits, it’s hard to beat our CalVet home loans. Our competitive-interest-rate loans, with little or no down payment, put the dream of home ownership within reach for many veterans who would not qualify for a loan anywhere else. What’s more, the program has not spent a single tax dollar in […]

CalVet and Habitat for Humanity Riverside Break Ground on 26 New Homes for Veterans

The California Department of Veterans Affairs (CalVet) and Habitat for Humanity Riverside held a public ceremony today to break ground on 26 new homes for low-income veteran families.   The CalVetREN (Residential Enriched Neighborhood) program offers permanent affordable home ownership and family enrichment services, while ensuring the veterans home loan payments don’t exceed 35% of […]

Fire mapping Helps CalVet Serve Home Loan Customers

If you have a CalVet Home Loan and were evacuated or experienced property loss, please contact York Field Services 24-hour hotline at (800) 626-1613 to begin the claim process.  The CalVet homeowner insurance also provides for temporary living expenses for evacuations; please call today. This week, more than a dozen wildfires swept through Napa County, burning […]