I Want to Purchase a Home

Whether it will be your first home or your dream home upgrade, CalPATH & PATH are our #1 loan programs for public employees serving our local communities.

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I Want to Refinance My Home

Looking to use the equity in your home for renovations, or just looking for a better rate? Explore our CalPATH (or) PATH refinance programs to find the right option for you.

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CalPATH Q&A

Get 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.

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 by participating Mountain West Financial retail branch 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 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.

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.

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.

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!

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.

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 $424,100 loan amount for first time homebuyers and with 5% down up to $664,000 purchase price with Conventional financing.

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 public employees serving the state of California..

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.