Calpers | Homeownership University

CalPERS Suspends Mortgage Loan Program – Last Day to Lock is 12/24/2010

Posted on 20. Dec, 2010 by Scott Schang in Down Payment Help

CalPERS Suspends it’s Mortgage Loan Program in an announcement on December 13, 2010. Investors for the program are allowing interest rates to be locked through December 24th, 2010 at which point no applications will be taken for the program after that. Technically, CalPERS is saying that they are suspending the home loan program available to [...]

CalPERS home loan qualifies for FHA streamline refinance?

Posted on 19. Jul, 2010 by Scott Schang in FHA Streamline

Your CalPERS home loan qualifies for FHA streamline refinance if a FHA loan was used to purchase the home. FHA is the most common loan used for CalPERS members because it offers a low to no down payment option when used with the CalPERS down payment assistance program. If you bought a home over 6 [...]

CalPERS Pension Mismanagement and Fraud – Will it affect Home Buyers?

Posted on 01. Dec, 2009 by Scott Schang in CalPERS Home Loan, Consumer Protection

CalPERS has been in the news quite a bit lately, and not much of it is flattering. They say all news is good news? Not if your your pension fund management is corrupt and wrought with fraudulent activity. Some of the more recent headlines talk about these challenges: CalPERS investigates oversight of two outside hedge [...]

CalPERS Down Payment Assistance Home Loan Benefit – Slide Show

Posted on 16. Nov, 2009 by Scott Schang in CalPERS Home Loan, Down Payment Help, Home Purchase Loan

The California Public Employees Retirement System offers a special down payment assistance benefit to members. This presentation outlines the benefits and details of this special program. The CalPERS loan can also be used with the CalHFA CHDAP closing cost and down payment assistance program. A Complete Guide to the CalPERS Home Loan Benefit View more [...]

CalPERS Member Loans: FHA Government Loan Options

Posted on 28. Aug, 2009 by Scott Schang in CalPERS Home Loan, Down Payment Help

Fixed Rate Government (FHA) Mortgage FHA loans are government insured. They reflect the federal government’s commitment to expanding homeownership and home buying opportunities through reduced down payment requirements, mortgage insurance premiums, and relaxed underwriting standards when compared to conventional mortgage loans. A down payment of 3.5 percent is required. This is a 30-year, fully amortizing [...]

100% Financing Option for CalPERS Members

Posted on 11. Jun, 2009 by Scott Schang in CalPERS Home Loan, Down Payment Help

CalPERS offers several loan programs to it’s members. This class specifically explores the loan options available for purchasing a new home. CalPERS offers a down payment assistance program for members and properties that meet special requirements. This program allows CalPERS members to get 100% financing. DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE CalPERS Interest Rates [...]