Provident
Home Loans, Inc. proudly offers the CalPERS Member Home Loan Program
Today's Rates
|
| |
| 15-Year Fixed |
Call for Rates
|
| 30-Year Fixed |
800/834-6088
|
Welcome CalPERS Members!
We hope this information will help you understand the CalPERS loan process. The CalPERS Member Home Loan Program offers eligible members a variety of benefits in purchasing or refinancing a home.
Who is Eligible?
All active, inactive, and retired members of CalPERS, the Legislators’ Retirement System, the Judges’ Retirement System I, and the Judges’ Retirement System II are eligible to participate in this program.
So what makes the CalPERS Member Home Loan Program different from the others? We offer special cost protections and a variety of loan choices. This ensures you realize the best options for home ownership for you!
-
Security, Protection & Choice - Look at the benefits of your home loan program and rest easy when obtaining a home loan.
-
Competitive Interest Rates on Purchases and Refinances - Set daily.
-
Conventional and Government Fixed Financing
-
No Prepayment Penalties - Any CalPers Mortgage Loan gives you the option to make early principal payments with no penalty. This feature of the program no only gives you the ability to build equity in your home but, because these payments are immediately applied to your loan's principal balance, it also saves you money.
-
FREE 60-Day Rate Protection - Lock in your interest rate and eliminate concerns about interest rate increases. During the 60-day rate lock, CalPERS takes the rate increase risk for you. Other loan programs charge extra for a 60-day rate lock, or you take the interest rate risk by floating until loan approval.
-
Low-to-No Down Payment Programs – CalPers Special Loan Programs:
CalPers offer several financing options that have either low or no down payment requirements. The MyCommunityMortgage™ and flexible 100™ require little to no down payment.
Controlled Closing Fees - CalPERS has set maximums on some of the fees involved with a home loan, making the CalPERS loan very affordable. Most other loan programs have higher closing fees.
Closing Cost Assistance - Premium pricing, a gift from a relative, and/or seller contributions*** may be used to pay for closing costs.
Reduced Escrow, Title Fees & Processing fees to PERS Members.
The program is available nationwide. This is a great opportunity for retirees who have moved out of California!
Your participation strengthens your own retirement system. Perhaps the most important benefit of all!
** May differ in cases of pre-approval, new construction, or extended escrow.
***Subject to certain restrictions.
If you’d like to talk to one of our loan program representatives, just call (800) 834-6088 (Ext. 54). |
