| CalPERS
100% Financing Option.
|
| The
100% Financing Option was created to help members who
qualify secure a downpayment
who would otherwise not be able to purchase a home. The guidelines
require a CalPERS conventional mortgage loan, or a CalPERS
government
mortgage loan in conjunction with a personal loan.* |
|
The 100% Financing Option consists of two loans, a fixed rate
loan and up to a 5% Personal Loan for the downpayment. The total
of both loans cannot exceed 100% of the home value. The Personal
Loan cannot be used to pay closing costs. |
| The
Personal Loan is secured by the member's retirement account.
Qualified borrowers will have two separate loans and two
separate payments. The 100% financing* option may only be
used with
single
family
dwellings, condominiums and PUDs. |
Please
call me, your CalPERS Preferred Loan Officer, directly
at 1-888-341-7766 and apply today! Or
send me an E-mail. |
