From the category archives:

School Employees

Webinar: 2010 Updated Guide to the CalSTRS 80/17 Home Purchase Loan

Guidelines have Changed for 2010

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Slide Show: A Complete Guide to the CalSTRS 80/17 Home Purchase Loan

by Scott Schang February 25, 2010 Loan Programs

Updated 2010 Guide to the CalSTRS 80/17 Home Purchase Loan
This is an incredible loan program available to any employee of a California Public School, School District or Community College.
This loan program offered by the California State Teacher’s Retirement System allows for 3% down payment with NO upfront and NO monthly mortgage insurance!
There’s nothing out there [...]

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“I Qualify for a Home Loan? REALLY?” – Home Buying Success Story

by Karrie Lemansky February 20, 2010 Credit & Qualifying

I had to…I just had to do it….I have to share on subject of qualifying for a home oan. So here we go!!!
I think that one of the biggest misconceptions that a lot of my clients have in the beginning of the home buying process is that they didn’t think that they can ‘qualify’. For [...]

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Second Opinion Success Story!

by Scott Schang December 22, 2009 Saved Another Loan!

I love to share success stories!
Here is a great success story from a home buyer that called me a few weekends ago looking for a “second opinion”.
Thanks a million for sharing this Liam!
After running into questions regarding a CalSTRS loan with another lender, I gave Scott a call after watching one of his recorded webinars. [...]

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California State Teachers Retirement System – CalSTRS Conforming / Non Conforming Home Buyer Program

by Scott Schang November 10, 2009 School Employees

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 stands at $164 Billion as of March 31, 2008
CalSTRS membership stands at 795,000

The CalSTRS Home [...]

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

by Scott Schang November 10, 2009 Loan Programs

NOTE: The CalSTRS 95/5 is Suspended Until Further Notice
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 stands at $164 Billion as of March [...]

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California State Teachers Retirement System – CalSTRS 80/17 3% Down Payment Home Purchase Loan Program

by Scott Schang November 10, 2009 Loan Programs

Largest U.S. Teachers Retirement Fund
2nd Largest U.S. Public Pension Fund
CalSTRS assets stands at $164 Billion as of March 31, 2008
CalSTRS membership stands at 795,000

The CalSTRS Home [...]

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Why it’s important to be prepared BEFORE you hire a Lender

by Scott Schang November 5, 2009 Loan Programs

We put a lot of energy into trying to educate and empower home buyers in an effort to help folks be able to avoid being misled, misinformed or simply being treated as some lender or real estate agent’s big “Pay Day”.
Today, all that work paid off. I received this email from Sean O’ Rourke.
He was [...]

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CalSTRS Bait and Switch Save

by Peter Maldonado October 21, 2009 Loan Programs

Amy was misled.
She had been promised a CalSTRS loan and now her lender was trying to switch her to an inferior and more expensive loan.
She did some homework, and found this site.
She had some tough questions.
She gave me a call, and was able to get the answers she needed.
I started the process and found out that she [...]

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Qualifying for a CalSTRS 80/17 gets a little harder on December 12th, 2009

by Scott Schang September 28, 2009 Loan Programs

On December 12th, 2009 Fannie Mae is tightening its underwriting guidelines to make a little bit harder to qualify for the purchase of a new home.
We’re getting ahead of ourselves now, let me give you little more background before we explain exactly what this means and how it may or may not affect you.
The CalSTRS [...]