CalPERS offers the mortgage loans
underwritten using HUD's insured FHA loan program to members in need of this type of
financing. CalPERS FHA underwritten loans are one the easiest loan to qualify for when
buying or refinancing a home. Following is a reference chart for FHA's mortgage program
guidelines:
1
| FHA
Purchase Loan |
| Loan Amount |
Check Your Area's Loan Limit Here. |
| Down Payment |
3% or less |
| Amortization Term |
30 Years only |
| Loan Type |
Fixed Rates |
| FHA
Refinance Loan |
| Loan Amount |
Check Your Area's Loan Limit Here. |
| Rate & Term Refinance |
up to 97% of Property Value |
| Cash-Out Refinance |
up to 85% of Property Value |
| Bill Consolidation Refinance |
up to 85% of Property Value |
| Amortization Term |
30 Years only |
| Loan Type |
Fixed Rates |
If these program guidelines do not fit your needs for any of the following reasons, please
check the additional available loan programs .
If a FHA Loan program fits your needs, please research the next step
" Loan Qualifying" by clicking HERE. |
Loan Programs