CalPERS Home Loan
First Priority Financial is proud to be a lender that is authorized with the Member Home Loan program of CalPERS. Our goals have been connected to the CalPERS Home Lender Program since it started, and we take pride in being dedicated and offer a very good standard of service to their members.
People who are current or former members of the California Public Employees’ Retirement system (CalPERS), Legislators’ Retirement System (LRS), or the Judges’ Retirement System (JRS) are able to apply through this program for a loan with exclusive benefits.
It is no different for the qualification for a CalPERS Home Loan than the qualification of any other sort of mortgage loan. CalPERS has a lot of advantages when compared to other loan programs. Whether you are buying a home or refinancing an existing one, as a member you can trust that you are dealing with a CalPERS approved lender whose goal is to providing you with the service you deserve and at an interest rate that meets or beats the competition.
A CalPERS Member Home Loan has what advantages?
The advantages of a CalPERS Member Home Loan are security, protection and choice combined with benefits that bring total ease and confidence during your home loan process.
o Near 100% Financing – Utilizing classic and government CalPERS financing, one can buy a house with a CalPERS mortgage loan of 95% or more loan to value (LTV), and a second of up to 5% LTV from a Personal Retirement Account Secured Loan (exclusive to CalPERS).
o NO COST 60 day Rate Lock Assurance – Don't worry about rates going up. Secure your rate and save your worries.
o Managed Closing Costs - CalPers has established a highest limit on several fees included with a home loan, allowing a CalPers loan to be reasonably price for borrowers.
o Closing Cost Help - Premium cost, funds given by a relative and/or seller donations might be used for a closing cost payment, based on specific limitations.
Let a CalPERS Qualified Mortgage Planner Help You Apply for a CalPERS.
To begin, pick the scenario below of the CalPERS Home Loan that suits your needs the best:
You can discover what CalPERS Mortgage Rate you qualify for using our Free Interest Rate Tracker, and then use our Mortgage Calculator to work out your payments.
If you have a California VA Purchase or Refinance question that you cannot find an answer for on our website, don’t hesitate to use our FREE Ask an Expert feature.
Call First Priority Financial today at 510-614-2433 to discuss your California Loan options.
