• The ability to secure financing up to 100%.

• The ability to lock in your interest rate for 60 days with an automatic float down option. If the interest rates go down on the day your loan is approved and the date your loan documents are drawn; you will receive the lower rate!

• 100% Financing Program:

Who's Eligible?

Active and inactive CalPERS, LRS, and JRS Members are eligible for 100% financing. Retirees, annuitants and State of California Tier II Members are not eligible but still can apply for 95% LTV financing.

Please call (888) 508-7878 for details.

• How it works:

100% financing is a combination of a 95% CalPERS mortgage loan originated in conjunction with a 5% Personal Retirement Account Secured Loan for the down payment. You can borrow up to 50% of your contribution to your CalPERS retirement account or 5% of the home purchase price  or $18,420 maximum personal loan amount (whichever is less), for the 5% down. If the available amount is not sufficient to complete a 5% down payment, you can combine the available amount with your savings to complete the 5% down. Your contributions can be verified by calling (877) 720-7377 toll free. Personal loan terms range from 1 - 15 years, depending upon the dollar amount borrowed. The 100% financing option may only be used with single family dwellings.

• Properties:

Owner Occupied only
1 - 4 Units
Out of State Properties must be Owner Occupied

• Loan Types and Terms::

10 - 30 year terms
Purchase or refinance
Minimum loan of $25,000 (CalPERS limit)
Maximum loan of $1,010,800 (CalPERS limit)
General Information: EMAIL or call for CalPERS rates.

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