How California Veterans Can Save Up to $24K on Their Home Purchase

A king

12 hours ago2 min read

For veterans looking to buy a home in California, there’s an exclusive home loan program that could save you up to 3% of the purchase price in closing costs—potentially putting $24,000 back in your pocket on an $800,000 home!

📺 Watch my full breakdown here: https://youtu.be/JvprsEmbxO8

How Does This Program Work?

When buying a home, closing costs typically range from 2% to 3% of the purchase price. These expenses include loan origination fees, title insurance, escrow costs, and more—adding up to tens of thousands of dollars that buyers need to cover upfront.

But with this special loan program for California veterans, up to 3% of your home’s price can be covered by the program, significantly reducing or even eliminating your out-of-pocket closing costs.

What Can You Do With This Benefit?

Cover Closing Costs: Apply the full 3% assistance toward standard closing costs, reducing the upfront cash you need at closing.
Pay Off Debt Instead: If you’d rather use seller credits or your own funds differently, you may have the option to pay down high-interest credit cards—helping you improve cash flow and lower monthly payments.
Increase Your Buying Power: With lower upfront expenses, you may have more flexibility in your home purchase budget.

Example Breakdown

Let’s say you’re purchasing a home for $800,000:

Estimated closing costs: $24,000 (approximately 3% of purchase price)
Closing cost assistance from this program: $24,000
Total savings: $24,000 🎉

That’s money you DON’T have to pay out of pocket—allowing you to keep more of your hard-earned cash or use it strategically elsewhere.

How Does This Compare to a Traditional VA Loan?

While VA loans are a fantastic option for veterans, they don’t automatically include closing cost assistance like this program does. If you’re a veteran buying in California, this program could provide a significant financial advantage compared to a standard VA loan.

Who Qualifies?

This program is exclusively for veterans purchasing a home in California. If you’re currently serving, retired, or honorably discharged, this could be a powerful tool to help you buy your next home with less out-of-pocket cost.

Get a Personalized Loan Comparison

Every veteran’s homebuying journey is unique. Let’s compare your options and see if this closing cost assistance program is the right fit for you!

📅 Schedule a free consultation: www.calendly.com/monarchlender📞 Call or text: 417-686-2700