CalPERS Jumbo Mortgage Loan Programs

CalPERS offers a jumbo mortgage program to members in need of a loan amount larger than current conventional loan limits for both purchasing and refinancing. Following is a reference chart for the jumbo loan guidelines.
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Jumbo Purchase CalPERS Loan
Loan Amount $417,001 – $1,668,000
Down Payment 5% or More
Amortization Term 10 Years – 30 Years
Loan Type Fixed Rates
Jumbo Refinance CalPERS Loan
Loan Amount $417,001 – $1,668,000
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
Loan Type Fixed Rates


If these program guidelines do not fit your needs for any of the following reasons, please check the additional available loan programs .

  • If you need 100% financing – please check CalPERS 100% Option.
  • If you need a smaller loan amount – please check Conventional Loans.
  • If you need a smaller down payment – please check FHA loans.