Commonly referred to as PERS (Public Employees' Retirement System) loans, these real estate loans are offered as a part of the CalPERS Member Home Loan Program, a program established in 1981 by the California State legislature for the benefit of eligible members. Eligible members include any active, inactive or retired member of the California Public Employees’ Retirement System (CalPERS), the Legislators’ Retirement System (LRS), or the Judges’ Retirement System (JRS). The PERS loans are originated through approved contract lenders and funded through the State pension funds.

The CalPERS home loans are strictly monitored; the program has its own rules and regulations, generally offering slightly better terms and conditions than you would find in standard conventional loans. For example, CalPERS has a 60-day rate lock protection wherein you are entitled to the lowest rate at three different points of time in a loan process (most lenders would have to offer you a one time “lock-in” or charge extra for a “float down” privilege).

Loan amounts up to $417,000
100% Financing
Affordable 30 Year Fixed Rate Loans
Single Family Homes and Multiple Units (2-4) Purchases

For more information regarding this program please fill out the form below, then click the submit button at the bottom of the form.

Some Restrictions Apply