Humboldt State Now
CalPERS Member Home Loan Program Has New Benefits
Jul 22, 2009
The California Public Employees’ Retirement System (CalPERS) Member Home Loan program is designed to give eligible members significant benefits that can help them buy or refinance a home. Employees can take advantage of this unique program, with features for qualified borrowers including:
- Conventional fixed and FHA loan programs
- 100 percent financing option (restrictions apply)
- New refinance program to 125 percent Loan To Value (DU Refi Plus Program)
- Purchase and refinance
- Competitive interest rates
- Set loan fees thanks to CalPERS maximum fee controls
- No cost 60-day rate lock
- Two opportunities to receive a lower CalPERS rate—if rates drop during final loan approval or when final documents are issued to complete the loan
- Lower mortgage insurance costs with some loan options
- Lower typical title and escrow fees
- Increased program jumbo loan limits
This home loan opportunity exclusively for CalPERS members is available nationwide. For more information, call the toll free number 909/208-1126 or e-mail Vanessa Richardson.
