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.