Utilize Your State Retirement Membership to Purchase or Refinance the Home of Your Dreams
Are you a CalPERS, CalLRS, or CalJRS member looking to purchase a home? Although CalPERS may have discontinued their Home Loan Program on December 31, 2010, CalPERS members can still utilize their membership benefit to purchase or refinance a home through VITEK’s exclusive California Public Employees’ Retirement Mortgage (CalPERM) home loan program.
CalPERM Eligible Borrowers:
Must be an active, inactive, retired, or annuitant members of the California Public Employees’ Retirement System (“CalPERS”), the Legislators Retirement System (“LRS”) or the Judges Retirement System (“JRS”).
CalPERM Program Highlights:
- Reduced Administration Fee - $550.00
- Primary residence only
- Purchases, Limited cash-out and Cash-out refinances
- Eligible properties: 1-4 family properties, Condos (Agency approved) and PUDs
- Ineligible properties: manufactured homes, Co-ops
- No income limitations
- May not be combined with FHA 203(k) Streamline, Energy Efficient Mortgage (EEM) or Mortgage Credit Certificate (MCC)
- 30% discount on escrow fee
Please contact me anytime for more details on any loan program or option on our website. With decades of experience and professional closings, I can guarantee my service, the best rates, and most accurate program to meet your needs. If you are or ever have been in law enforcement in California please contact me to discuss your home loan options today.
Utilize Your State Retirement Membership to Purchase or Refinance the Home of Your Dreams
Are you a CalPERS, CalLRS, or CalJRS member looking to purchase a home? Although CalPERS may have discontinued their Home Loan Program on December 31, 2010, CalPERS members can still utilize their membership benefit to purchase or refinance a home through VITEK’s exclusive California Public Employees’ Retirement Mortgage (CalPERM) home loan program.
CalPERM Eligible Borrowers:
Must be an active, inactive, retired, or annuitant members of the California Public Employees’ Retirement System (“CalPERS”), the Legislators Retirement System (“LRS”) or the Judges Retirement System (“JRS”).
CalPERM Program Highlights:
- Reduced Administration Fee - $550.00
- Primary residence only
- Purchases, Limited cash-out and Cash-out refinances
- Eligible properties: 1-4 family properties, Condos (Agency approved) and PUDs
- Ineligible properties: manufactured homes, Co-ops
- No income limitations
- May not be combined with FHA 203(k) Streamline, Energy Efficient Mortgage (EEM) or Mortgage Credit Certificate (MCC)
- 30% discount on escrow fee
Please contact me anytime for more details on any loan program or option on our website. With decades of experience and professional closings, I can guarantee my service, the best rates, and most accurate program to meet your needs. If you are or ever have been in law enforcement in California please contact me to discuss your home loan options today.