Home Loans in California | CA Home Loans

CalPERS Conventional Mortgage Loans

CalPERS offers mortgages underwritten using Fannie Mae’s conventional home loan program guidelines. Following is the general guidelines for both the purchase loan program and the refinance Calpers home loan program.
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Purchase CalPERS Loan
Loan Amount $0 – $417,000
Down Payment 5% or More (3% option also avail.)
Amortization Term 10 Years – 30 Years
5/1 Hybrid Loans
Loan Type Fixed Rates
Refinance CalPers Loan
Loan Amount $0-$417,000
Rate & Term Refinance up to 95% of Property Value
Cash-Out Refinance up to 90%** of Property Value
Bill Consolidation Refinance up to 90%** of Property Value
Amortization Term 10 Years – 30 Years
5/1 ARM Loan on LIBOR index.
Loan Type Fixed Rates
Conventional CalPERS Loan Limits
Single Family Home $417,000
2 Units / Duplex $533,850
3 Units / Triplex $646,300
4 Units / Fourplex $801,950
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If these program guidelines do not fit your needs for any of the following reasons, please check the additional available loan programs .

  • Maximum loan amount too small – please check Jumbo loans.
  • If you need a smaller down payment – please check FHA loans.
  • If you need 100% financing – please check CalPERS 100% Option.