I Want to Purchase a Home

Whether it will be your first home or your dream home upgrade, CalPATH is our #1 home loan mortgage for CalSTRS & CalPERS retirement fund members.

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I Want to Refinance My Home

CalSTRS, CalPERS & other eligible CalPATH borrowers may explore options to use the equity in their home for renovations, cash out or simply improve loan terms.

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CalPATH Home Lending Q&A for
CalSTRS & CalPERS Purchase & Refinance Loans

Get Answers to Frequently Asked Questions about the California Public Employee & Teacher Home Loan Program known as CalPATH, designed exclusively for the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS) or you are an active employee of a California public agency.

The CalPATH - California Public Employee & Teacher Loan Program was first 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 ,LRS, JRS retirement system or are an active employee of a California public agency.

In 2014, the PATH – Public Employee & Teacher Home Loan Program was introduced for public employees Arizona, Colorado, Idaho, Nevada, Oregon, Texas, Utah, Washington, and Wyoming.

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. This program offered exclusively for CalSTRS & CalPERS retirement fund members by participating Mountain West Financial retail offices throughout the western United States.

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.

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

In 2014, the PATH – Public Employee & Teacher Home Loan Program was introduced for public employees Arizona, Colorado, Idaho, Nevada, Oregon, Texas, Utah, Washington, and Wyoming.

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:

  1. FHA & Conventional finance options available
  2. Reduced Lender Fees and Pricing Incentives for CalSTRS, CalPERS, LRS & JRS Retirement System members.
  3. 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.
  4. Lender Paid Mortgage Insurance (No PMI) Options available with as little as a 3% Down Payment
  5. Cash Out Refinance options are now available with CalPATH
  6. Keys in 21 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 CalSTRS & CalPERS retirement fund members serving the state of California.

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 Free of charge. The float down option can only be exercised one-time during the escrow period prior to the final closing disclosure being issued and is applicable to both home purchase and refinance loans under the CalPATH program.

Your "Interest Rate Float Down" option is an exclusive benefit only offered with the CalPATH home loan program. This benefit is only available to you with membership in the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS) or you are an active employee of a California public agency.

If you are a member of the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS) or you are an active employee of a California public agency and a current homeowner, CalPATH will 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!

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 may be tax deductible. Please contact your accountant for confirmation of your potential tax savings.

Eligibility for CalPATH requires membership in the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS) or you are an active employee of a California public agency.

No, mortgage insurance is only required with FHA financing. Lender Paid mortgage insurance options (No PMI) are available with a 3.00% down payment up to a $453,100 loan amount for first time homebuyers and with 5% down and a maximum loan amount of $679,650.

Eligibility for CalPATH requires membership in the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS) or you are an active employee of a California public agency.

CalPATH is available for a new home purchase (or) refinance for CalSTRS and CALPERS Retirement fund members. You can even refinance an existing CalSTRS (or) CalPERS loan.

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 for CalSTRS, CalPERS, LRS and JRS retirement fund members!

If you have any questions about the CalPATH Home Loan Program, please contact us directly at 800-310-7577, register for our CalPATH Newsletter and receive complete program guidelines and updates as they are released, or apply online to begin the loan process.

CalPATH is our way of saying Thank You for all you do to serve your local community.