Program Selling Features
Competitive Interest Rates
We offer competitive rates on a variety of loan options to meet your individual needs. Rates are updated daily, Monday through Friday.
60- or 90-Day Rate Protection
Members may lock in their interest rate for 60 or 90 days, and receive protection against market increases. Other loan programs, offering shorter lock periods, expose borrowers to the mercy of the market.
30-Day Rate Lock Option
Now you can offer CalPERS Members an even LOWER interest rate! Check our rate sheet for the 30-day lock rates. This rate expires 30 days from the lock date.
Controlled Closing Costs
CalPERS minimizes some of the fees involved with a home loan, making the CalPERS loan very affordable. Many other loan programs have much higher closing costs.
Closing Cost Assistance
CalPERS Members can use premium pricing interest rates, a gift from a relative, and/or seller contributions to pay for closing costs (Some of our financing options have CLTV limits over 100%, helping your borrower cover closing costs.)
Personalized Real Estate Assistance Programs
You can take advantage of personal assistance with your real estate transaction and get a cash rebate with SMARTMOVEŽ, or the MAXADVANTAGE Programs. Rebate amount is determined by the purchase price of the home and is subject to certain restrictions. Programs may not be available in all areas. Please call us at (800) 874-7377 for a referral or more information.
Premium Pricing
Premium pricing allows the member to accept a slightly higher interest rate and receive funds to help pay for closing costs and/or mortgage insurance. This option helps members who have enough income to qualify for a home loan but lack some of the funds needed to close escrow.
*Subject to certain restrictions.
