VA's Home Loan Program is for veterans and active duty military personnel (referred to as veterans throughout the rest of the document) and certain members of the reserves and National Guard.
The VA allows a veteran who qualifies income and credit-wise to purchase a primary residence with no down.
Loans are assumable, provided the person assuming the loan is qualified.
Veterans' closing costs are limited by VA.
Additional assistance is offered by VA should veterans have problems making their home loan payments in the future.
PAC Funds. Flexing the CAMB Muscle and telling the Mortgage Broker story to Legislators and Regulators.
This is one of the primary benefits of your CAMB membership…the sophisticated and unrelenting efforts of your elected CAMB leaders representing our Mortgage Broker interests to our State and Federal elected officials, as well as to all the State and Federal regulatory agencies (eg: DRE, HUD and DOC). We have been very successful on your/our behalf and will continue passionately and creatively promoting, and even fighting for you.
The California Association of Mortgage Brokers was established in 1990 by mortgage professionals throughout the state. Today, CAMB's members total more than 4,000 mortgage brokers and affiliated service providers across California.
Mortgage brokers are consumer advocates in the mortgage selection process, helping home buyers to pre-qualify, select a mortgage loan, and complete escrow. By linking with banks, other financial institutions, and private lenders, mortgage brokers offer consumers access to a wide range of choices as they select the right mortgage for their needs.
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