• Federal VA does not have a fico score requirement it is a bank overlay we underwriter in house with VA underwriters and do not need DU providing a clear and more personalized approval of a veteran file.
• We do not open market price our VA bond program has  set rates that do not fluctuate daily they are based on service time
• We will always provide the veteran the best bond rate at time of submission that is being offered upon review of DD214 or Statement of Service
• We do partial entitlements meaning we do VA behind VA (15% entitlement at 100% financing)

• Our loan limits are 125% above county conforming limit to 100%
• DPA closing cost program 3% of the purchase price or appraised value table funded at closing. Silent 1^st 10 yrs repayable over the last 20yrs or if they refi or sell.
• Closing turn times 25 to 30 days
• We have no junk fees just 1% origination which is surrender to you as the broker no other fees can be charged by you as the broker otherwise all other fees are standard fees appraisal credit report title fees -impounds – daily interest
• We self-insure our loans – per the bond memorandum customer must carry our Fire Hazard and Disaster Insurance 250/500 deductibles with 100% rebuild clause
• Mobile Homes on Land or park – Must get on Fire and Hazard
• They will still only get Disaster only
• Condo – Verification that HOA covers
• They will still only get Disaster only
• We also have an in house product Cal Vet 95/97 that mirrors VA loan with no MI that we only use in unique situations
• No entitlement available due to circumstance or other property
• NO COE however borrower / Veteran service active duty for 90 days
• We will always go VA first however will always look for an option to assist the veteran if there is one

Calvet- DPA closing Cost Program

 Details / Terms

• 3% of the purchase price
• Can only be used for closing costs only
• VA Non Allowable Costs that seller must credit cannot come out of this
• VA Non Allowable costs must be credit by seller per VA guidelines with our bond program as we do not price open market to assist in a Lender credit like outside lenders.
• Cannot use on Debt payoff either
• Table Funded
• No payment assessed in ratio
• Same rate as the first mtg note
• Silent for the 1^st 10 years with no payment
• Repayable over the last 20 years of the fixed note
• Balance of DPA is  due upon any refinance, sale,  early payoff or default