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CalPATH Loan Program

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CalPATH Q&A: Answers to Frequently Asked Questions about the
California Public Employee & Teacher Home Loan Program

The CalPATH - California Public Employee & Teacher Loan Program was introduced by Mountain West Financial in October of 2013 to thank public employees in California for their service to their local community. The program is available to Teachers, Police Officers, Firefighters, Judges and other public employees who are contributing or retired members of the CalSTRS, CalPERS or LRS or JRS retirement system.

CalPATH is recognized by CalSTRS, as well as thLos Angeles Unified School District and is included in the LAUSD Pathways to Home Ownership Guide as a recommended home loan program for CalSTRS Retirement Fund Members. This program offered exclusively by participating Mountain West Financial retail branch offices throughout the state of California.

Please take a moment to visit our CalPATH Resource Center and view our educational video series to learn more about the program benefits that have helped CalPATH become our #1 home loan program for public employees serving the state of California.


Q: What are the benefits of the CalPATH Home Loan Program?

A: Click Here: Answer to expand when clicked on.

Mountain West Financial has designed CalPATH to benefit those who serve our local communities in California.

CalPATH is recognized by the Los Angeles Unified School District and is included in the LAUSD Pathways to Home Ownership Guide as a recommended home loan program for CalSTRS Retirement Fund Members..

CalPATH Benefits:

  • FHA & Conventional finance options available
  • Reduced Lender Fees and Pricing Incentives for CalSTRS, CalPERS, LRS & JRS Retirement System members.
  • One Time Interest Rate Float Down (Rate Protection if interest rates move higher and the opportunity to "Float Down" during the first 30 days after your rate is locked and prior to requesting final loan documents.
  • Lender Paid Mortgage Insurance (No PMI) Options available with as little as a 3% Down Payment
  • Cash Out Refinance options are now available with CalPATH
  • Keys in 30 Days Homebuyer Commitment

Please take a moment to visit our CalPATH Resource Center and view our educational video series to learn more about the program benefits that have helped CalPATH become our #1 home loan program for public employees serving the state of California.


CalPATH Rewards are monetary pricing incentives and lender fee discounts offered to qualifying public employees who apply for a purchase or refinance loan utilizing the California Public Employee & Teacher Home Loan Program

CalPATH is recognized by CalSTRS, as well as the Los Angeles Unified School District and is included in the LAUSD Pathways to Home Ownership Guide as a recommended home loan program for CalSTRS Retirement Fund Members.

Summary of Your CalPATH Rewards Benefits:

  • CalPATH Rewards Pricing: The CalPATHCalifornia Public Employee & Teacher Home Loan Program offers qualifying borrowers a 1.00% rewards credit that can be used to pay closing costs or buy down your interest rate.
    • Your CalPATH Rewards Credit would be ($6,361.50) or 1.00% of your final loan amount (whichever is lower) based on a maximum loan of $636,150.
  • Reduced Lender Fees: Our normal lender fees have been discounted for you as part of our CalPATH Rewards Program.
    • Your CalPATH underwriting and processing fees will be reduced by ($805.00).
  • CalPATH Rate Float Down: During the initial 30 days after your interest rate is locked if interest rates drop by a minimum of .125%, you may float down to the lower rate FREE of charge.
    • The interest rate float down option is exclusive to the CalPATH Rewards Program and can be exercised one time during the initial 30 days of the escrow period and prior to issuing final loan documents.

Please take a moment to visit our CalPATH Resource Center and view our educational video series to learn more about the program benefits that have helped CalPATH become our #1 home loan program for public employees serving the state of California.


Q: How does the "Interest Rate Float Down" Option work with CalPATH?

A: Click Here: Answer to expand when clicked on.

During the first 30 Days after your rate is locked, if interest rates drop by a minimum of .125%, you can float down to the lower rate. The float down option can only be exercised one-time during the escrow period prior to drawing final loan documents and is applicable to both home purchase and refinance loans under the CalPATH program.

CalPATH is recognized by CalSTRS, as well as the Los Angeles Unified School District and is included in the LAUSD Pathways to Home Ownership Guide as a recommended home loan program for CalSTRS Retirement Fund Members.

Please take a moment to visit our CalPATH Resource Center and view our educational video series to learn more about the program benefits that have helped CalPATH become our #1 home loan program for public employees serving the state of California.


Q: Can I Take Cash Out With CalPATH?

A: Click Here: Answer to expand when clicked on.

If you are a public employee and a current homeowner, CalPATH will now allow you to borrow up to 85% of your home value to pay off existing credit card balances, student loans (or) the funds can be used for home improvement!

Cash Out CalPATH


Q: Can I Pay Off (or) Consolidate Student Loans with CalPATH?

A: Click Here: Answer to expand when clicked on.

Yes, provided you have equity in your home, you may consolidate existing student loans into a new 1st mortgage with the CalPATH - California Public Employee & Teacher Home Loan Program. Please contact a CalPATH advisor or apply online for more information. By consolidating your student loans utilizing your home equity, your student loan balances will now be tax deductible. Please contact your accountant for confirmation of your potential tax savings.

CalPATH Student Loans


Q: Do I have to pay mortgage insurance with the CalPATH Home Loan Programs?

A: Click Here: Answer to expand when clicked on.

A: No, mortgage insurance is only required with FHA financing. Lender Paid mortgage insurance options (No PMI) are available with CalPATH 97 requiring a 3.00% down payment up to a $424,100 loan amount for first time homebuyers and CalPATH 95 with 5% down up to $664,000 purchase price with Conventional financing.

CalPATH is recognized by CalSTRS, as well as the Los Angeles Unified School District and is included in the LAUSD Pathways to Home Ownership Guide as a recommended home loan program for CalSTRS Retirement Fund Members.

Please take a moment to visit our CalPATH Resource Center and view our educational video series to learn more about the program benefits that have helped CalPATH become our #1 home loan program for public employees serving the state of California.