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Video: Introduction to CalPERS Downpayment Assistance Program

by Scott Schang · 0 comments

100% Financing Options for CalPERS Members Buying a Home

You may be eligible for Down Payment Assistance of up to 5% of the purchase price if you are a member of:

  • CalPERS – California Public Employees’ Retirement System
  • LRS – Legislators’ Retirement System
  • JRS – Judges’ Retirement System

CalPERS Personal Loan Highlights

  • Maximum Purchase Price is $350,000
  • You can borrow up to 5% of the purchase price
  • Personal loan can be used for down payment or closing costs
  • You can borrow up to 50% of your contributed amount
  • Loan minimum is $1,000 up to a maximum of $18,421
  • Personal loan secured by retirement – not taken from retirement account
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