CALPERS Member Home Loan Program

The CalPERS Member Home Loan Program offers a variety of loan options to help you purchase your home. There is no requirement to be a first-time homebuyer, no minimum vesting requirement, and you are eligible for the program on your first day of employment. You can apply here to have up to 5 lenders compete for your CALPERS eligible home loan. If you already own a home, it's easy to use the Program to refinance too. Whether your goal is to consolidate your debts, make home improvements, shorten your loan term, or just lower your monthly mortgage payment, the program can work for you. Whatever your situation, whatever your goals, we are here to help you every step of the way. Security & Protection Buying a home is one of the most important decisions you may make. Learn how the Home Loan Program protects your interests. Program Flexibility With a wide assortment of loan options, the Program can help you find the right fit for your home ownership needs. Program Cost Savings The CalPERS Home Loan Program can save you money when purchasing or refinancing your home. Find out more here. Loan Options CalPERS offers a variety of options for purchasing or refinancing your home. We're here to help you find the best home loan for your financial situation. Whether you're a first-time buyer or ready to buy a new home, we can help. You can find out more on the different loan programs available by choosing one of the options below. Conventional Loans CalPERS fixed rate or adjustable interest rate Conventional loans are available for home purchases or refinancing. Find out more on loans and terms here. Government Loans You can use FHA loans through the Member Home Loan Program, too. Check out the features that can help you qualify for a loan. Interest Only Features With initial interest-only periods of 7- to 10-years, these fixed rate and adjustable rate mortgage loans are available for home purchases or refinancing. See if this is the program you've been looking for to help you get into the home of your dreams. 100 Percent Financing Options CalPERS has a variety of programs to help with your loan down payment, even on Jumbo loans. Find out more here. CalPERS Special Loan Programs Conventional loans can be combined with special loan programs to assist first-time or low-to-moderate income homebuyers. These programs require little to no down payment. Other Loan Options You can use an asset secured loan for your down payment. See if this is the help you'll need to get into a home.