This package contains forms and instructions for obtaining a CalVet Home Loan. If you are planning to build a new home on property that you currently own or intend to purchase, you will also need to download the Construction Loan Supplemental Package of forms and instructions.
Before you begin:
You must have a property selected before applying for your loan. We suggest that you carefully review the material on the CalVet Home Loan Program on our web site. If you have questions feel free to e-mail us at loanserv@cdva.ca.gov or contact the nearest CalVet District Office. A list of CalVet District Offices and the areas they cover with complete contact information including direct e-mail address for each office is available on our website at cdva.ca.gov/CalVetLoans/Offices2.aspx.
Optional, but highly recommended: Prequalify for your loan using the Apply Online feature on our website. Answering a few questions about your military service, current income, and monthly obligations will confirm your eligibility and give you an estimate of the amount of loan you can qualify for. You can also prequalify by downloading and completing the Prequalification Form available at http://www.cdva.ca.gov/CalVetLoans/prequal.pdf. Send the completed form to the CalVet District Office for the area where you plan to buy your home. Keep in mind that prequalification is not the same as loan
approval, which generally requires verification of your income and a review of your credit history. If you have concerns about either of these issues please contact us to discuss them.
CalVet uses the Universal Residential Loan Application (URLA), which is also known as FannieMae Form 1003 or FreddieMac Form 65. You can complete and submit this form on our website by clicking on the Apply Online button. First complete the Eligibility and Prequalification screens and then proceed to the Loan Application. After you complete and submit the application form, complete the remaining forms in this package and mail them to the CalVet office nearest your property. If you prefer you may obtain an application form from one of our district offices and fill it out by hand.
The first group of forms listed below contain information about CalVet Home Loans and the application process. Please review the information and contact us if you have any questions. • Form C-13: Thank You for Choosing CalVet - These pages summarize the features and eligibility requirements of the CalVet Home Loan Program.
- Loan Terms - This document contains the current loan terms, fees and interest rates.
- Form A-1T: CalVet Home Loan Application Instruction Sheet - These instructions explain how to submit the application forms in this package and what additional information you will need to send to CalVet.
- Form A-2: CalVet Home Loan Processing Cycle - This chart explains how CalVet processes a home loan application.
- Form C-4: Important Notice - This document provides information about recent changes in the CalVet Home Loan program concerning Loan Guarantees and Loan Processing.
- Form L-8: Special Notice Regarding your CalVet Home Loan Application – This notice explains Internal Revenue Service limitations placed on funds used for CalVet Home Loans for refinancing a home loan. It also contains the notice required by the California Information Practices Act of 1977 concerning how CalVet may use the information that you submit to us.
- Address List - This document contains a list of CalVet offices throughout the state along with addresses and telephone numbers. The forms listed below must be completed and submitted with your application. If you apply online please mail these forms to the CalVet District Office responsible for your application.
- Fannie Mae Form 1003 7/05 – This is the Uniform Residential Loan Application used by most lenders to collect the information necessary for loan processing.
- Form C-14: CalVet Home Loan Origination Fee/Funding Fee - This form allows the applicant to notify CalVet concerning their choices for payment of the Loan Origination Fee and CDVA/USDVA Funding Fee.
- Form C-11-3 / V-11: Borrower’s Authorization / Verification of Borrower(s) Name(s) - This form is used to authorize CalVet to obtain verifications of your income, employment, assets, and other credit matters and to verify the exact legal name(s) of the loan applicant or applicants.
- Form L-9: Fair Lending Notice - This notice explains your rights under the Housing Financial Discrimination Act of 1977. Sign this form to show that you have read and understood it and return it with your loan application.
- Buyer's Information - This form provides us with basic information about you and the property you are purchasing that is not included on the application form.
The following forms are optional:
- Form A-3: Designation of Agent and General Release - You may designate another person to act as your agent in connection with the processing of your CalVet Home Loan application. The use of this form is completely optional.
- Real Estate Agent Internet Access Registration - Complete this form with the assistance of your Real Estate Agent if you want your agent to be able to monitor loan processing status on line and receive email notifications when the status changes.