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CalPERS Member Home Loan Program Has New Benefits

Published: August 3, 2009

The California Public Employees’ Retirement System (CalPERS) Member Home Loan program is designed to give eligible members significant benefits that can help them buy or refinance a home. Employees can take advantage of this unique program, with features for qualified borrowers including:

— Conventional fixed and FHA loan programs
— 100 percent financing option (restrictions apply)
— New refinance program to 125 percent Loan To Value (DU Refi Plus Program)
— Purchase and refinance
— Competitive interest rates
— Set loan fees thanks to CalPERS maximum fee controls
— No cost 60-day rate lock
— Two opportunities to receive a lower CalPERS rate—if rates drop during final loan approval or when final documents are issued to complete the loan
— Lower mortgage insurance costs with some loan options
— Lower typical title and escrow fees
— Increased program jumbo loan limits

This home loan opportunity exclusively for CalPERS members is available nationwide. For more information, call the toll free number 909/208-1126 or e-mail Vanessa Richardson.