Posts tagged as:

CalPERS

Webinar: Broadview Community Access Affordable Home Loan Program

A Special Loan Program for California’s Finest
This Affordable Lending program was created with the specific purpose of helping valued community members buy a primary residence. See below for a list of professionals that are eligible for this exciting new program….

Who is Eligible?
California Public Employees – (Does not require CalPERS membership)

Police Department Employees
Fire Department Employees
National [...]

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CalPERS Pension Mismanagement and Fraud – Will it affect Home Buyers?

by Scott Schang December 1, 2009 Loan Programs

CalPERS has been in the news quite a bit lately, and not much of it is flattering. They say all news is good news? Not if your your pension fund management is corrupt and wrought with fraudulent activity.
Some of the more recent headlines talk about these challenges:
CalPERS investigates oversight of two outside hedge fund advisors [...]

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Slide Show: UPDATED – A Complete Guide to the CalPERS Home Loan Benefit

by Scott Schang November 16, 2009 Down Payment Help

The California Public Employees Retirement System offers a special home purchase loan benefit to it’s members.
This presentation outlines the benefits and details of this special benefit that features a down payment assistance program that allows up to 102% total financing.
The CalPERS loan can also be used with the CalHFA CHDAP closing cost and down payment [...]

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Down Payment Assistance for CalSTRS and CalPERS Members – Low to No Down Payment Home Purchase Loans

by Scott Schang November 10, 2009 Uncategorized

Every day seems to bring new challenges for new home buyers looking to purchase homes in the State of California. As home prices drop to seemingly jaw dropping levels California Teachers and Public Employees are making up a large percentage of first time home buyers entering this market.

If you do not belong to special organization [...]

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Resources from Townhall Homebuyer Workshop

by Scott Schang October 19, 2009 Live Workshops

Thank you for attending our Homebuyer Workshop
I know there is no way to get to everything we could talk about during the workshop – there’s just too much to learn and not enough time to do it.
I’ve collected a list of tools, links and resources here for you to do more research and get more [...]

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Ray Homebuyer Had to Change His Last Name: An Introduction

by Christopher "Doc" Apodaca October 9, 2009 Red Flags

Hello everyone, before I begin my inaugural post allow me to say that I am excited to be able to share the stories of those who have learned the hard way that education is empowerment. I have seen first hand what a lack of due diligence can cause, especially at home. Actually…within my own home [...]

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CalPERS Interest Rates – Click to View

by Scott Schang August 28, 2009 CalPERS Interest Rates

CalPERS sets interest rates daily to the benefit of it’s members. Find current interest rates here:
Current Interest Rates
The CalPERS Member Home Loan Program has a variety of interest rate options. Interest rates are updated daily to provide you with the latest information. Most of the loan options below have a 30, 60, and 90 day rate [...]

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CalPERS Member Loans: FHA Government Loan Options

by Scott Schang August 28, 2009 Loan Programs

Fixed Rate Government (FHA) Mortgage
FHA loans are government insured. They reflect the federal government’s commitment to expanding homeownership and home buying opportunities through reduced down payment requirements, mortgage insurance premiums, and relaxed underwriting standards when compared to conventional mortgage loans.

A down payment of 3.5 percent is required.

This is a 30-year, fully amortizing fixed rate mortgage [...]

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CalPERS Member Home Loans: Conventional Loan Programs

by Scott Schang August 28, 2009 Loan Programs

Conforming Fixed Rate Mortgage
Conventional mortgage loans are not insured by State or federal agencies as FHA mortgage loans are. They also offer different qualifying and underwriting guidelines than FHA mortgage loans.

Purchase or refinance

Loan amount up to $625,500

A down payment of 5 percent is required.

This is a 10- to 30-year, fully amortizing fixed rate mortgage loan.

Eligible [...]

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CalPERS Member Home Loans: Frequently Asked Questions

by Scott Schang August 28, 2009 Loan Programs

FAQs – Member Home Loan Program

How long do I have to be a CalPERS member in order to qualify for a CalPERS mortgage loan?
There is no time requirement. If you are a CalPERS member, you are eligible even if it’s your first day on the job.
Is 100% financing or down payment and closing cost assistance available [...]