CALSTRS HOME LOAN ADVANTAGE

Low Cost Loans with Many Options

Whether you are dreaming of buying a new home, lowering your existing payments, or taking cash out, the CalSTRS Home Loan Program can help by offering competitive rates on a variety of mortgage loan programs:

ü Conventional 15 or 30 year Fixed Rate Program – Competitive rates are available for buying a new home or refinancing to meet your individual needs.Mortgage loan amounts are available up to $834,000 .

ü Zero Down (95/5) – You can buy a new home without any money down. Mortgage loan amounts are available up to $650,000 .

ü 80/17 Program – Qualifying for a larger home mortgage is now available because of the low payment during the 5-year second mortgage deferral period.Mortgage loan amounts are     available up to $650,000 .

ü Reverse Mortgages - Reverse mortgages can be a great way for homeowners who are 62 years of age or older to access equity in their homes. There are no income or health requirements and no monthly mortgage payments. Loan proceeds can be used however you wish and may be received as a lump sum, as a monthly payment or as a line of credit.

TO LEARN MORE ABOUT THESE PROGRAMS CLICK HERE

Announcing to All - California Public School Districts
TAKE A LOOK AT THE 80/17 PROGRAM !
Example - If you qualify you can now purchase a $500,000 home and the monthly payments will be based on the $400,000 loan amount.   That's because CalSTRS offers a
.
17% Second,deffered for five years (payable only if you refinance or sale)
that's an 80% first
Just 3% is required from the borrowers own FUNDS!! - (2% can be a gift)
Borrow up to $650,000.
This is a 30-year fixed-rate not an adjustable or interest only loan 

IF YOU WOULD LIKE TO BE ADDED TO OUR EMAIL LIST FOR CALSTRS PROGRAM UPDATES CLICK HERE

Equal Housing Lender