CalPERS Member Home Loan Program
We've been providing California's public employees with the lowest rates and best service on programs, including the CalPERS Member Home Loan Program, for over 5 years. Now is the perfect time to take advantage of low interest rates and strong real estate values. As a CalPERS Member you are able to take advantage of the many benefits of the CalPERS (California Public Employees' Retirement System) Member Home Loan Programs. The CalPERS Mortgage may be used to refinance or purchase a primary residence. Whatever may be your residential home loan financing needs, we are there to assist in the process. CalPERS Members receive lower third party fees while still receiving the benefit of a competitive CalPERS mortgage interest rate. Home loan programs offered are always subject to underwriting approval and are processed through a CalPERS Approved Lender. We are a CalPERS Approved Lender.
Who Is Eligible For A CalPERS Home Loan?All active, inactive, and retired members of :
- Legislators' Retirement System
- Judges' Retirement System
- Judges' Retirement System II
What Are The Main Benefits?
- Available for purchases or refinances
- Competitive interest rates
- Controlled closing costs
- Up to 100% financing*
- Free interest rate lock*
What Are The Main Programs?
- Conforming and Jumbo loan limits
- 30 and 15 Year Fixed Rate Mortgages
- 3, 5, 7, and 10 Year Adjustable Rate Mortgages
- Options with the Interest Only features are available
- Ability to borrow against your retirement account to help with down payment
What Are The Fees?Although CalPERS mortgages have a 1.25% origination fee maximum, CalPERS regulates the cost of many third party fees. Lender Fees must be separately itemized and may include a Processing Fee, Application Fee, Administration Fee, Doc Prep Fee, and/or Underwriting Fee. The combination of these fees may not exceed $350. Escrow fees are reduced by 25%. Even Mortgage Insurance, if needed, is available at reduced rates.
What sets us above the rest is our personalized service and our goal to provide CalPERS Members competitive rates and fees for their home loan financing needs. The CalPERS Home Loan is a great program for any active or inactive member of CalPERS, LRS, JRS System I and II. Although CalPERS Home Loans have reduced rates and fees the program also allows for floatdown opportunities* depending on which lock option the borrower selects. We make refinancing or purchasing a home simple. CalPERS Home Loans have many advantages for the CalPERS Member, besides very competitive rates and fees other benefits include the CalPERS Personal Loan* and up to 90 day locks. Our approach is simple, our CalPERS Certified loan officers are experienced professionals and when a request for a Rate Quote, or a Mortgage Application is received, your loan officer analyzes your request and contacts you quickly to discuss your options. Whether you seek a mortgage for a refinance or purchase having a Certified CalPERS Mortgage Consultant assist you ensures a quality experience. You receive calls and/or emails from only one person. We have a physical location, as well. We are not strictly limited to the internet so if you are more comfortable meeting your loan officer in person please feel free to call for an appointment. Please see the California County list below.
of Califonia Counties we serve for the CalPERS Member Home Loan Program:
||San Luis Obispo
We work to get you the best loan possible. Our qualification process is simple and fast!
To apply for a CalPERS Home Loan please complete the online loan application! A Certified CalPERS Mortgage Loan Officer will contact you within one business day.
*CalPERS has discontinued its Float Down options. 100% financing may be achieved in several ways, including the use of a CalPERS Personal Loan.
Licensed by the California Department of Real Estate Broker's License #01871737
How to Apply
Online Loan Application
Mortgage Terminology Glossary
Program Development Jason Shapiro
Tuesday 04 April 2006 - 18:04:52 | Quality Funding