How are Cal Vet Home Loans processed?
The processing for a Cal Vet Home Loan is very similar to the process for other lenders and types of loans. Of course we need documentation to confirm that you are a veteran. Then we use the same application form and other forms that all lenders use. You can also apply on line. Your application initially will be screened by staff in one of our field offices. Some loans will be fully processed there, but most loans are forwarded to our centralized loan-processing unit in Sacramento. Staff in the field offices can assist you in tracking the loan, and we can provide automatic email notification so that you are aware of every status change that occurs during processing. An appraisal is ordered from an appraiser in your area, and when processing is complete you will receive a loan approval letter and loan documents will be sent to your escrow holder by overnight mail. You sign the loan documents at the escrow and they return them to us and request the loan funds when they are ready to close
