CalSTRS Interest Rates and Rate Lock Guidelines

CalSTRS Interest Rates are set by CalSTRS daily.  There are no “rebates” offered to lenders for passing through higher interest rates as a way to provide low interest loan options to eligible CalSTRS borrowers.  All lenders offering CalSTRS loan programs will offer the same interest rates or it is not a CalSTRS loan.

Locking the Interest Rate will secure guarantee the rate for 45 days at no charge.  A free 15 day extension will be permitted should you not close on the purchase within the 45 day period.

A One Time Free Float Down is available if market conditions improve after you have locked your interest rate.  A float down occurs when you “re-lock” your interest rate at rate lower than your original lock.  You can do this one time only at any time within the first 45 day rate lock period.

Click here to check today’s CalSTRS Interest Rates

Property Changes require new rate lock.

No fee for Cancellations