 Loan Programs
Purchase
Loans
Refinance Loans
Conv. CalPERS Loan
Jumbo CalPERS Loan
FHA CalPERS Loan
100% CalPERS |
| CalPERS Conventional
Mortgage Loans |
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CalPERS offers mortgages underwritten using
Fannie Mae's conventional home loan program guidelines. Following is the general
guidelines for both the purchase loan program and the refinance Calpers home loan program.
1
| Purchase
CalPERS Loan |
| Loan Amount |
$0 - $417,000 |
| Down Payment |
5% or More (3% option also avail.) |
| Amortization Term |
10 Years - 30 Years
5/1 Hybrid Loans |
| Loan Type |
Fixed Rates |
| Refinance
CalPers Loan |
| Loan Amount |
$0-$417,000 |
| Rate & Term Refinance |
up to 95% of Property Value |
| Cash-Out Refinance |
up to 90%** of Property Value |
| Bill Consolidation Refinance |
up to 90%** of Property Value |
| Amortization Term |
10 Years - 30 Years
5/1 ARM Loan on LIBOR index. |
| Loan Type |
Fixed Rates |
| Conventional
CalPERS Loan Limits |
| Single Family Home |
$417,000 |
| 2 Units / Duplex |
$533,850 |
| 3 Units / Triplex |
$646,300 |
| 4 Units / Fourplex |
$801,950 |
|
1
* ARM is currently suspended.
** Cash out refinances: LTV of 70.1% - 80.0% is additional .5% to fee, 80.1%
- 90% is additional .75% to fee, as per Fannie Mae guidelines.If these program guidelines do not fit your needs for any of the following
reasons, please check the additional available loan programs .
If your feel that a Conventional loan will meet your needs, please
research your "Loan Qualifications" by
clicking HERE. |
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