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CalPERS & CalSTRS Home Mortgage

Looking for a CalSTRS or CalPERS home mortgage loan?

CalPERS, the largest public employee pension fund in the nation, suspended its home loan program in December of 2010. Towards the end of 2013 in an effort to fill this void in the market, Answer Home Loans rolled out its' CalPATH program.

Matt the Mortgage Guy is proud to offer the new CalPATH home loan to replace the CalSTRS and CalPERS home loan programs. The new CalPATH home loan program with Answer Home Loans have the same guidelines and can be completed very quickly.

CalSTRS Home Loan for Teachers in California

CalSTRS had offered a loan program to help teachers purchase or refinance a home and are members of the California State Teachers Retirement System (CalSTRS). Though the CalSTRS Program is no longer offered, MWF has established the CalPATH Program to support the borrowing needs of eligible teachers and school employees:

CalPATH Loan Eligibility

Any teacher or employee of a public school or community college
Anyone eligible for CalSTRS pension benefits
Do not have to be currently employed

CalPATH is a program available exclusively to Mountain West Financial clients and is designed to benefit those that serve our local communities… it's our way of saying "thank you!"

To qualify for CalPATH, you must be a member of one of the following:

California State Teachers Retirement System (CalSTRS)
California Public Employees Retirement System (CalPERS)
Legislators Retirement System (LRS)
Judges Retirement System (JRS)
Or a Employee of a California Public Agency

Features/Benefits of a CalPERS Home Loan

One time free rate float down
Do NOT have to be a First time home buyer
No up front and no monthly paid PMI
No income limitations
Interest rate is 'below market' and set by CalSTRS - cannot buy the rate down
Seller can concede up to 35 for closing costs
Origination fee set by CalSTRS at 1.25%
CalSTRS regulates/sets fees
Generally more affordable than FHA financing for many reasons

CalPERS CalSTRS Max Loan Amount

Up to $417,000 conforming loan amount
Up to $536,082 jumbo loan amount

CalPERS CalSTRS Property Requirements

Owner Occupied
located in California
Cannot own other properties
Single family, condo/town homes and PUD's are eligible

At Answer Home Loans we are a direct lender committed to providing low down payment and other government assistance loan programs such as CalPATH, FHA, VA, USDA, and other community lending programs.

Call Matt, your CalPERS Home Purchase and Mortgage Refinance Program specialist: 916-529-7600

Answer Home Loans has no affiliation to CalPERS. CalPATH is not a CalPERS home loan program. All applications are subject to underwriting guidelines and approval. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS# 164497.

Teachers & Public Employees - check out

CalSTRS, CalPERS, LRS & JRS members, Answer Home Loans has designed a program to benefit those that serve our local communities. CalPATH is a program available exclusively to our clients.

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Felix Keller

22:36 15 Aug 22

We had the best experience with Matt and his team. They were with us every step of the way. They made the whole process simple from the beginning to the end. I would recommend them to anyone that is looking for a mortgage or to refinance.

Viola Huang

05:12 28 Feb 22

The MTMG team is exceptional. They are highly knowledgeable and extremely responsive. My entire home purchase process was incredibly smooth thanks to them, and I would definitely use them again in the future. I cannot laud them enough for their professionalism, accessibility, thoroughness, and overall positive nature. All the members I interacted with communicated well with me and with each other, and it feels like you are working with family. Look no further if you are trying to find a dependable mortgage broker who will find you the best rates and help you be a competitive buyer.

Charles Tualla

02:52 16 Feb 22

Our realtor recommended Matt to us for our home purchase and we're more than impressed with Matt, Laura, and the rest of his team. We were buying a house in a very competitive market and together with our realtor and Matt's team, they allowed us stand out amongst other buyers. His team put in all the legwork even before we found a house and made an offer, which made for a smooth and fast loan process. We made an offer on a Tuesday evening and were in underwriting by Friday morning. They were professional, responsive, detailed, and very on top of things. They also kept us informed throughout the process. We felt like they truly cared and made it personal versus a transactional process. I highly recommend Matt and his team!

Peter Downey

01:39 31 Jan 22

Matt knows his stuff, through and through. I've referred multiple friends, co-workers, and family to him. He couldn't make the process easier.

Cory Mull

05:23 11 Jul 21

Matt and his team are exemplary. From the first correspondence to post-close they were quick to answer my questions, which as a first time buyer I’m sure were basic, but they took the time to make sure I was comfortable none the less. I couldn’t ask for a better experience and wouldn’t think twice about utilizing them again.