CalSTRS and CalPERS Loans Available for Public Employees and Employees of the California School System

If you are a a member of the California Public Employees Retirement System, Legislators Retirement System, Judges Retirement System, or employee of a California school district, school or community College or a public employee the CalPERS and CalSTRS loans allow you to purchase a home with little money down and affordable rates and fees.


Special features of the CalPERS home loan are:

3.5% down
Co-signers allowed
Fixed interest rates with maximum fixed costs
$350 lender fees allowed
No early payoff penalties
No income limits
You do not have to be a first-time buyer
You can use 100% gift funds for downpayment
Closing costs assistance available
Special down payment assistance benefit


Special features of this loan are:

Only 3% down
No mortgage insurance
This is an 80%/17%  for which you only make payments on the 80% for the first 5
30- year fixed-rate mortgage
No early pay-off penalties
Low controlled rates and fees
Lenders fees limited
No income limits
You do not have to be a first-time buyer

For more information on the CalSTRS program go to

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