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80/17 Teacher Loan

CalSTRS 80/17 – The only game in town if you’re a teacher or employee of a California Public School or Community College

by Scott Schang August 10, 2008 Loan Programs

The major mortgage insurance companies announced on Friday, August 8th, 2008 that they will no longer offer mortgage insurance on any loans that exceed a total of 90% loan to value in California, Arizona, Nevada and Florida.
The only options left for “low down payment” purchase loans in California are FHA, CalHFA Extra Credit Teacher Program [...]

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