Whether you've found your dream home or just started shopping,
a CalPERS home loan provides you several attractive options.
At Mortgage-Pros.net, you can Qualify with as little
as 3% down for a maximum of $1,202,800*, with a 10 to 30 year
fixed rate home loan.
| A CalPERS home loan is available
for the following types of owner-occupied residences nationwide: |
| • |
1-4 unit family residences
|
| • |
Condominiums |
| • |
Planned Unit Developments
(PUD's) |
*Certain restrictions apply, call for 1-866-460-6040
for details.
| This option consists of two
loans; your CalPERS home loan combined with a 5% personal
loan. The 5% personal loan is secured by your CalPERS
retirement account and is used for the down payment on
your home. You will have two separate loans and two separate
payments. The personal loan amount cannot exceed the lesser
of: |
| • |
5% of the home value; or
|
| • |
50% of the available amount of your retirement
account up to $18,421 |
Personal loan terms range from 1 to 15 years depending on
the loan amount. Members (excluding annuitants) with accumulated
contributions credited to their retirement account are eligible
for "100%" Financing. To check your accumulated
contributions, call CalPERS Member Services at 1-800-352-2238.
To get your CalPERS home loan simply fill out the Mortgage-Pros.net loan application,
or give us a call at 1-866-460-6040. |
