What is the CAL-VET program designed for?

The CAL-VET program is specifically designed to assist veterans in acquiring property, particularly residential homes, by providing them with favorable financing options through the California Department of Veterans Affairs. This program acknowledges the sacrifices made by veterans and aims to ensure they have access to affordable housing. It offers low-interest loans to veterans, helping them to purchase their first home or refinance an existing one. The program is tailored to meet the unique needs of veterans, which sets it apart from general loan programs that cater to the broader public. As a veteran, taking advantage of CAL-VET can significantly enhance one's ability to enter the housing market, making homeownership more accessible.

The other options do not align with the purpose of the CAL-VET program. For instance, providing loans for commercial buildings does not fit the focus on residential properties, and while the program supports veterans, it does not specifically assist with property transfers or fund education, thus differentiating it from those functions.