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CalSTRS, CHF Platinum, CalHFA FHA Suspended?

Posted on 03. Oct, 2011 by in Home Buyers

calstrs calhfa chf suspended

CalSTRS, CHF Platinum, CalFHA suspended?  Yes, unfortunately so. Notice I said “suspended” and not “terminated”.  These programs simply got kicked out of their home and are looking for a new place to live. Why is this happening?   A couple of months ago, Bank of America announced that it was leaving the correspondent lending business. [...]

CalSTRS 80/17 Non Conforming Loan Discontinued

Posted on 22. Mar, 2011 by in CalSTRS Teacher Loan

CalSTRS non conforming gone

The CalSTRS 80/17 home purchase loan offered by the California State Teacher’s Retirement System is one of  the most fantastic programs around. This incredible program features: 3% Down Payment NO MORTGAGE INSURANCE 17% Deferred Second Mortgage Qualify off 80% First Loan Amount Available to ALL employees of California public schools, school districts and community colleges. [...]

Pushy 403(b)/TSA Salespeople: A True Story

Posted on 24. Jan, 2011 by in Tax Financial Planning

Pushy Salesman

FYI – This post is mostly directed towards teachers.  If you’re not a teacher, and/or you’re interested, check out 5 Facts About Income Taxes in 2011. I’m going to take a break from discussing taxes this week to talk about something else I am passionate about – good 403(b) advice. Does this story sound familiar [...]

Minimum Credit Score Requirement Changes for CalSTRS 80/17 – Ouch!

Posted on 17. Jan, 2011 by in CalSTRS Teacher Loan

calstrs 80-17 credit score increase

The minimum credit score requirements for the CalSTRS 80/17 home loan are increasing effective January 17, 2011. The new requirements are: On (total combined) loan amounts up to $400,000 the minimum credit score is increasing from 620 to 640. On (total combined) loan amounts over $400,000 the minimum credit score is increasing from 680 to [...]

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

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

CalPERS building

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 [...]

THE Home Loan Program for Teachers in California

Posted on 08. Jan, 2010 by in CalSTRS Teacher Loan

THE Home Loan Program for Teachers in California

Image by Wonderlane via Flickr Anyone who does business in the San Francisco Bay Area, well actually Northern California in general, immediately recognizes the high emphasis on education. Not only in acquiring education but supplying those who impart education with the necessary tools to do their job. The CalSTRS 80/17 Home Loan Program is one such tool available [...]

California State Teachers Retirement System – CalSTRS 95/5 No Down Payment Home Purchase Loan Program

Posted on 19. Jun, 2009 by in CalSTRS Teacher Loan

THIS PROGRAM HAS BEEN TEMPORARILY SUSPENDED – STAY TUNED FOR FURTHER INFORMATION Program Summary: CalSTRS is the California State Teachers Retirement Program providing retirement related benefits to teachers in public schools and Community Colleges in the State of California. Facts about CalSTRS: Largest U.S. Teachers Retirement Fund 2nd Largest U.S. Public Pension Fund CalSTRS assets [...]