Shop Mortgage Options & Compare Rates for FREE!

Use the quick & easy tool below to find out what you qualify for.

I Want My FREE Mortgage Rate Quote!
30-Year Fixed-Rate Mortgages are Available!

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.

Get Your FREE Mortgage Rate Quote Now!