Tag Archives: Disabled Veteran

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 […]