CalVet Home Loan Program
CalVet Home Loan Program is a grant for homebuyers in California.
The program asks for
- The home is occupied as a primary residence
- On credit: Minimum 620 FICO score required for all borrowers
- Residency: Must occupy as primary residence in California
- Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen
- A home in California
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Where it applies
California’s homesCalifornia’s homes, and the ones this program accepts
- 57% single-familysingle-family
- 7.4% townhousetownhouse
- 7.8% 2–4 units2–4 units
- 24.1% 5+ unitscondo & apartment buildings (5+ units)
- 3.6% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$734,700
California median home value
56%
built before 1980
U.S. Census Bureau, ACS 2024 5-year.
How to apply
How to applyTwo steps, in this order
Contact the administering agency to reserve funds
Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is CalVet Home Loan Program?
CalVet Home Loan Program is a grant for homebuyers in California. CalVet Home Loan program for California veterans. Below-market interest rates and no PMI. Can be combined with CalHFA DPA programs for additional down payment help. Down payment and/or closing cost assistance. Funding comes from State Veterans Bond.
Do you have to pay it back?
CalVet Home Loan Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale or transfer. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
CalVet Home Loan Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 620 FICO score required for all borrowers. Residency requirement: Must occupy as primary residence in California. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.
What are the income limits?
CalVet Home Loan Program sets its income limit as follows: Contact program provider for current income limits. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
CalVet Home Loan Program caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family residence, condominium, townhome, PUD. New construction is eligible. Manufactured homes are eligible.
Is there eligibility for specific groups?
CalVet Home Loan Program names veterans among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.
Where does it apply?
CalVet Home Loan Program serves homebuyers purchasing anywhere in California.
How do you apply?
Applications for CalVet Home Loan Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for California homebuyersOther programs open to California homebuyers
- California Dream For AllUp to $150,000
- Bank of America Down Payment Grant - CaliforniaUp to $10,000
- Wells Fargo Homebuyer Access Grant - CaliforniaUp to $10,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 116 programs for CaliforniaProgram terms are set by the administering agency and can change; confirm on the official site before you apply.