Cal Pers

CalPERS is a loan program that is exclusively available to members of the California Public Employees Retirement System. CalPERS offers various types of mortgage loan programs that members may use when buying a home. These CalPERS loan programs are for the first time buyer or a move-up home buyer.

CalPERS has programs that will fit the financial needs of any of its members including:
  • Zero down payment
  • 100% financing options
  • 3% Silent Second from California Housing Loan Insurance Fund (CaHLIF) can be used for closing costs, permanent interest rate buy down, and down payment
  • Seller contributions up to 3% towards closing costs

They can also access funds in the form of a secured CalPERS Personal Loan for their down payment for up to 3.5% of the purchase price of the home. The Personal Loan fulfills the minimum 1% down payment required from the borrower’s own funds an enables them to accomplish the purchase of a new home with no money needed for down payment.  

If you are a CalPERS member interested in obtaining a CalPERS loan to help you purchase a home or refinance your current residence you can apply online or contact us directly at (909) 456-1462.