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| CalPERS Home Loans |
| 100% Financing Loans |
| No Doc/Low Doc Loans |
| Home Equity Lines and Loans |
| Commercial Real Estate |
| Conventional Loans |
| Jumbo Loans |
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CalPERS Home Loans
CalPERS members are eligible for special home financing options, including 100% loans, no down payment loans, reduced fees and free 60 day rate locks.
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100% Financing Loans
Ideal for first-time homebuyers, these no down-payment mortgages can help reduce or eliminate nearly every cost associated with obtaining a home loan. These programs normally combine two loans: an 80% first mortgage, and a 20% second mortgage. Single 100% loans are also available.
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No Doc/Low Doc Loans
Ideal for self-employed borrowers, we offer competitive rates on no documentation/low documentation loans.
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Home Equity Lines and Loans
We offer flexible home equity lines of credit with interest-only payments for 10 years, or fixed-rate home equity loans for terms up to 30 years. No closing cost options are available for qualified borrowers.
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Commercial Real Estate
We finance purchases and refinances of small commercial real estate up to $1 million with no income or asset documentation.
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Conventional Loans
We offer conforming loans, including conforming long-term, fixed-rate and adjustable rate loans, as well as interest-only loans, that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines.
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Jumbo Loans
For purchases or loan refinancing on amounts over $417,000, we offer jumbo loans with both fixed and adjustable rates and interest-only options.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $8,340. Your actual APR may be different depending upon these factors.
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