Press Releases

Joe Moore
FOR IMMEDIATE RELEASE:
March 06, 2018

Breaking News! Down Payment Assistance is back for California Teachers and School District Employees! The STEAP - School Teacher and Employee Assistance Program provides up to 4.0% of a home’s sale price (or) appraisal value and may be used for down payment or closing fee assistance.

If you are a K-12 teacher (or) school employee and are in need of down payment assistance, STEAP may be a great alternative to our exclusive CalPATH - California Public Employee & Teacher Home Loan Program.

Eligibility:

1. Must be a *First Time Homebuyer and a Teacher (or) School District Employee, *cannot have owned a home in the previous 3 years
2. Maximum Home Purchase Price of $660,000*. *subject to county income & loan limits, view county loan limits.
3. Deferred Interest 2nd Mortgage up to $26,400 for down payment and/or closing fees.
4. Must be used in conjunction with a CalHFA 1st Mortgage (FHA or Conventional)

If you are a real estate professional and are interested in co-branded marketing opportunities to promote CalPATH and STEAP in your area, we invite you to partner with us as a Preferred Realtor Sign.

For more information, please contact our CalPATH Hotline @ 800-310-7577 (or) apply online to receive a free, no obligation home loan pre-approval.