VA Loans and CalVet Loans

A Veterans Administration loan is a loan made possible by the federal government for military personnel which are currently active duty or not. It provides for a possibility of 100% financing with what is called a VA No No, or a no down payment, no closing costs loan. VA No No’s do require the seller to pay for all the costs associated with the loan. If you are a veteran and you have money to put down then a VA loan may not be the best way for you to go. Discuss this with one of our mortgage professionals and they will explain why. A CalVet loan is also for Veterans and offers a somewhat better rate but the way that title is held is very different than any other type of loan. Please discuss this with our mortgage professionals further.