CalPERS Mortgage - CalPERS Home Loan Program

<body> <p>This page uses frames, but your browser doesn't support them.</p> <p>Calpers Mortgage  If you would like a free, no-obligation CalPERS home loan rate quote and mortgage analysis, please complete our CalPERS <font face="Arial" size="1">home loan secure, online form. You can also email us at calpersmortgage@valleybay.com or info@valleybay.com. About the CalPERS home loan Program Summary Benefits of a CalPERS home loan Conventional CalPERS home loans CalPERS FHA loans  Property Qualifications for a CalPERS home loan More on CalPERS loans Refinancing a CalPERS Mortgage CalPERS home loan - Q: What is an FHA/VA loan? A: FHA and VA loans are two types of government insured loans. Banks, trust companies and mortgage corporations (lenders) typically lend their own money for these types of loans, and the loans are guaranteed by the Federal government. In other words, if the borrower defaults (stops paying) on the loan, lenders will turn to the government to get their money. The government then becomes the owner of the property, which will usually be auctioned or sold. FHA loans are insured by the U.S. Department of Housing and Urban Development (H.U.D.). Under the H.U.D. program, up to 97% financing may be available to qualified borrowers. VA loans are insured by the Veterans Administrations and may allow for 100% financing. They have similar guidelines for borrowers to qualify, but only Veterans and some family members qualify for VA loans. There are pers home loan options available for borrowers interested in a Cal pers fha or va loan Top Q: What are the terms of a FHA / VA loan? A: The terms of FHA and VA loans can be flexible. Common terms for FHA and VA loans are 30 years/360 months and 15 years/180 months. Both FHA and VA loans can have fixed rates, where the interest rate never changes over the life of the loan, or adjustable, where the interest rate is fixed initially, but then may adjust every year thereafter. Adjustable rate loans are often called Adjustable Rate Mortgages or ARM's. Typical fixed periods are 1,3,5 and 7 years. Top Conventional loans Q: What is a conventional loan? A: "Conventional loans" is a catch-all term for most types of mortgages except government insured loans loan (FHA / VA). For conventional loans, banks and mortgage corporations (lenders) lend their own money to borrowers. Unlike government loans, conventional loans are generally not insured by the government. If the borrower does not pay the mortgage, the Lender cannot turn to the government for reimbursement. Since the lenders do not have this option for reimbursement, it is common for them to set up stricter borrower requirements for conventional loans. However, since conventional loans do not need to fit into FHA or VA guidelines, conventional loan programs can be more flexible than governmental insured programs (FHA / VA). An example of this is the conventional loan program often referred to as the “No Doc” loan. Top Q: What are the terms of a conventional loan? A: There are many variations of conventional loans with terms that can fit just about any borrower’s situation. Typically, conventional loans are 30 years/360 months or 15 years/180 month fixed rate loans. Conventional loans are also available with adjustable rates; these loans are called adjustable rate mortgages (ARM's). The interest rate for an ARM is generally fixed for a certain short term (3, 5, 7 or 10 years) and after that may adjust. Conventional loans may also come with a margin. A margin is used to calculate the amount of each adjustment. Top Other Types of loans Q: What is a 2-1 buydown? A: A 2-1 buydown is a loan program to help borrowers qualify for a loan when they have lower income but expect to make more income in the upcoming years. A 2-1 buydown is considered a fixed rate loan but the interest rate actually does change during the life of the loan. Typically the rate will start 2 percent below the fixed rate. For example, a 30 FHA fixed rate for a buydown is 7 percent. In the 2-1 buydown, the first year payment would be based on 5 percent, the second year of the loan the payment would be based on 6 percent and finally the third year the rate would be 7 percent, Q; and the payment would be based on 7 percent for the remainder of the loan unless it is refinanced. Top Q: What is a “No Doc” loan? A: Typically, a “No Doc” loan is a conventional loan program that emphasizes assets and credit history over income. This is an important program for borrowers that do not have traditional incomes but reasonable assets such as business owners, entrepreneurs and retired persons. Top CalPERS Mortgage Comparing loan Types Q: What are the best terms for me? A: This decision depends on your goals. If you plan to stay in your home for a long period of time, and you like the security of knowing exactly how much you will pay each month for the life of the loan, a fixed rate mortgage (15 or 30 years) might be right for you. If you plan to move in the near future or are willing to tolerate some risk for a lower rate, an ARM may be best for you. An ARM may start off at a lower interest rate, i.e., lower monthly payment than the fixed rate mortgages. However, they may adjust if rates are high when the adjustment period occurs. If the rates are low when the adjustment period comes, there is a possibility the rate will not change. Also, the type of program that works best for you will also depend on your specific situation. Different programs will favor different borrowers depending on the borrower’s credit history, income, assets as well as if they are a first-time home buyer, and the value of the property. A good mortgage company or loan officer should be able to tell what program is best for you and why. Top Q: Should I get a conventional loan? A: Maybe, but conventional loans tend to have harder qualifying guidelines. Since the government is not insuring the loan, lenders tend to be strict with the qualifying guidelines. They tend to require higher credit scores, good income history, and a larger amount of liquid assets. Often they will also require a larger down payment than government loans; however, for well-qualified buyers there may be 100-103% lending. The 3% is normally only for closing costs. Top Q: What is better - a conventional loan or FHA/VA loan? A: Conventional loans tend to have harder qualifying guidelines than FHA and other government backed loan programs. Since the government is insuring the loan the lenders have less risk and are willing to take a bigger chance on a borrower. For FHA and similar loans, the lenders tend to require lower credit scores, income history, and liquid assets. Top Down Payments Q: How much down payment is required? A: Some borrowers will qualify for 100% financing. This depends on a borrower’s specific circumstances, including the borrower’s credit rating and other conditions that will affect the types of loan programs available to them. If you are looking for a low down payment, an FHA loan may be best for you. Conventional loans often (but not always) require a 5% down payment and do not allow the borrowers to use a gift as the down payment. FHA and similar loans often only require a 3 % down payment, and allow for the seller to contribute up to 6 percent towards closing cost. Unlike conventional loans (which are not guaranteed by the government, FHA and VA lenders allow gifts to be used for the down payment. Top Qualifying for a loan Q: How do I know what type of loan I can qualify for? A: The most important elements to determine your qualifications for a loan are your income, assets and credit history and the expertise of your loan officer. There are many types of loan programs available to borrowers and an experienced mortgage broker will be able to help you pick the program that best fits your needs and goals. Top Q: How is income important to qualify? A: Both FHA and conventional loans use a ratio formula to compute what amount of monthly debt and monthly mortgage payment you can afford with your income. Conventional and FHA loans usually allow up to 36% to 41% of your gross monthly income to be used to pay all monthly installment payments (car loan, student loans), revolving credit (credit cards) and mortgage payment. Lenders will also include your monthly property tax/monthly homeowners insurance/monthly mortgage insurance in the amount of your monthly mortgage payment when calculating your ratios. Top Q: What about work history? A: For the most part, both FHA and conventional lenders like the borrower to have two years work history at their present job or similar employment. If you were in school and recently got a job, you may be allowed to use the time you were in school. If you have not had a stable employment history, you should figure where you where at the times you began and left and the average monthly income. This will help the loan officer compute your average income history. If you recently got a new job, you should get a letter from your HR person. The letter should state you income and the likelihood that the income will continue. Top Q: What if I do not have a strong work or income history? A: There are conventional loans called “No-Document” loans. For these types of loans, the lender will probably require a high credit rating and assets equaling at least six months of mortgage payments. Top Q: What role does credit play in getting a mortgage? A: Credit is the best way the mortgage company can determine a borrower’s worthiness to get a loan. There are three main credit bureaus - Equifax, Experian and Trans Union. Virtually all credit card and consumer credit companies (auto loan, student loans, etc) report to one or all three of the bureaus. The bureaus usually get monthly reports from creditors. The bureaus review the information, along with other credit information, and assign each borrower a credit score. This credit score is used by the mortgage company to help determine a borrower’s credit worthiness and ability to be responsible and repay loans as agreed. Conventional loans tend to require higher credit scores than FHA. Although they rarely state a minimum score, scores vary between mid 400's to low 800's. In order to qualify for a conventional loan, the middle of the three bureaus' scores should be around 640 or higher. FHA loans tend to be more lenient on credit scores. Typical FHA loans may get approved with a middle of three credit bureaus score of 590 or higher. For either type of loan credit is key, so you should know what is on your credit report and use common sense to determine your credit worthiness. Top Q: What if I have no credit history, or I have had credit problems in the past? A: With no credit history you would likely be getting an FHA loan. The guidelines will allow for alternative credit. Credit such as a cell phone, pager, or even insurance payment history may be used to determine your credit worthiness. Top Calpers Mortgage All About CaLPERS OnLine Resources Down payment Assistance CalPERS home loan Closing Costs CalPERS Premium Pricing Option CalHFA Silent Second CalPERS Links and Reviews CalPERS home Page CalPERS Shareholder Forum his is a secure site. All information is sent to us via an ssl connection which encrypts all information. View our secure form. GreatRateQuotes.com and CalloanProgram.com are presented by Valley Bay Mortgage. California Department of Real Estate # 01346801. About the CalPERS Member home loan Program Summary Top Free CalPERS home loan Quote The California Public Employee Retirement System (CalPERS) offer a special home mortgage program to their members called the CalPERS Member home loan Program. All active, inactive, and retired members of CalPERS, the Legislators’ Retirement System, the Judges’ Retirement System I, and the Judges’ Retirement System II are eligible to participate in this program.  CalPERS does not loan money directly to participants. CalPERS authorizes private mortgage companies to provide this service. CalloanProgram.com is presented by Valley Bay Mortgage. California Department of Real Estate # 01346801. Benefits of a CalPERS home loan Top Free CalPERS home loan Quote Benefits of a CalPERS home loan include special cost protections and a variety of loan choices. CalPERS loans offer competitive Interest Rates for purchases and refinances which are set daily. CalPERS loans can also be used for a conventional and Government fixed financing loans. * Personal loan Program & 100% Financing Option - For conventional fixed-rate CalPERS financing, you can purchase a home with an up to a 97% loan-to-value (LTV) CalPERS Mortgage loan and up to a 5 percent Personal Retirement Account Secured loan - basically borrowing the down payment from yourself. * For CalPERS government financing, you can purchase a home with up to a 97.65% LTV (Up to a 98.75% LTV for property values less than or equal to $50,000.) CalPERS Mortgage loan in accordance with standard FHA guidelines, and secure all or a portion of the difference (up to 100% of the home value) with a CalPERS Personal loan. Only CalPERS offers this option. * FREE 60-Day Rate Protection - Lock in your interest rate and eliminate concerns about interest rate increases. During the 60-day rate lock, CalPERS takes the rate increase risk for you. Other loan programs charge extra for a 60-day rate lock, or you take the interest rate risk by floating until loan approval. * Two FREE CalPERS Float Downs - Receive the lowest CalPERS interest rate on three applicable dates: Date of loan lock-in (Subject to certain restrictions), Date of loan approval; and Date the loan documents are drawn. Most other loan programs don't offer float downs or they charge extra for this benefit. Available with 60-day rate lock only. * Increased Flexibility with the 30-day Rate Lock Option - You may also opt for a 30-day rate lock instead of a 60-day rate lock. The CalPERS float downs are not available with this option. * Controlled Closing Fees - CalPERS has set maximums on some of the fees involved with a home loan, making the CalPERS loan very affordable. Most other loan programs have higher closing fees. * Closing Cost Assistance - Premium pricing, a gift from a relative, and/or seller contributions (Check for availability) may be used to pay for closing costs. * Reduced Mortgage Insurance Rates - As a CalPERS member, you may be eligible to receive up to a 1/8 (.125%) lower mortgage insurance rate. That's a savings of approximately $260 per year for a $200,000 30-year mortgage loan - Subject to certain restrictions. * Reduced Escrow & Title Fees - Receive a 25% discount on your escrow and title fees. For a $140,000 loan, that's a savings of $416 - Check for availability. * The program is available nationwide. This is a great opportunity for retirees who have moved out of California! CalPERS offers a variety of options for purchasing or refinancing a home through this program. Conventional CalPERS home loans Top Free CalPERS home loan Quote Conventional loans are typically a 10- to 30-year conventional fixed-rate mortgage - up to a maximum of 97 percent loan to value (LTV) of the property, with certain restrictions. The maximum loan value is $1,202,800, with certain restrictions.Conventional CalPERS loans can be combined with the Community home Buyer and Mortgage Credit Certificate (MCC) options to assist first-time home buyers and low-to-moderate income home buyers. CalPERS FHA loans Top 30-year FHA fixed-rate mortgage loans are available. You can finance up to 97.65 percent (98.75 percent for property values less than or equal to $50,000) in accordance with standard FHA guidelines. CalPERS FHA loans include many features to help you qualify for a home loan. These include more liberal qualifying guidelines and higher loan-to-values, compared to conventional financing.  Property Qualifications for a CalPERS home loan Top Free CalPERS home loan Quote A CalPERS conventional or government home loan may be used for one- to four-unit owner-occupied residences, condominiums and Planned Unit Developments (PUDs). There is also a 100% Financing Option available for the purchase of a single-family dwelling, condominium, or PUD. More on CalPERS loans Top The CalPERS Member home loan Program offers conversions of construction to permanent financing as either a purchase transaction or a refinance transaction (Certain restrictions apply.) Refinancing a CalPERS Mortgage Top Free CalPERS home loan Quote If you have an existing home loan and would like to refinance it with a CalPERS loan, you also have a choice! Conventional - Up to 95 percent of the home value, if you want refinancing for an existing lien (no cash back)*. Up to 90 percent of the home value, if you want cash back (Some restrictions apply). Contact us for additional information. Government- Up to 97.65 percent of the home value (98.75 percent for property values $50,000), if you are only refinancing an existing lien (no cash back). Up to 85 percent of the home value, if you want cash back (Some restrictions apply.) CalPERS home loan - Downpayment Assistance Top Free CalPERS home loan Quote CalPERS loans feature a 100% financing option to help members purchase a home evenif they do not have the cash for the downpayment. The 100% Financing Option was created to help members secure a downpayment who would otherwise not be able to purchase a home. The guidelines require a CalPERS mortgage loan in conjunction with a Personal loan. (some restriction may apply.) For conventional financing, the 100% Financing Option consists of two loans, a fixed-rate loan and up to a 5 percent Personal loan for the downpayment. For government financing, a mortgage loan with the remaining difference financed in whole or in part with a Personal loan. The Personal loan is secured by your retirement account. You will have two separate loans and two separate payments. The 100% Financing Option may only be used with single-family dwellings, condominiums, and Planned Unit Developments. Features of the 100% Downpayment Program Top Members (excluding retired members and Second Tier State of California employees) with accumulated retirement contributions in their retirement account are eligible for 100% financing. Employer contributions cannot be used to secure a Personal loan. You can borrow against your retirement account only if you are purchasing a home. The Personal loan cannot be used be used to pay recurring or non-recurring closing costs. You will continue to earn interest on your total retirement funds. Since the Personal loan funds are not taken from your retirement account, you don't forfeit interest accrued or your service credit, even on the portion used to secure a Personal loan. You will also receive the lowest Personal loan interest rate on three applicable dates with your personal loan. These dates are: date of mortgage loan registration, date of mortgage loan approval, and date mortgage loan documents are drawn. The Personal loan can be used in conjunction with a CalPERS Mortgage loan at any loan to value. Other Downpayment assistance programs Top Even if you lack sufficient funds in your retirement account to make the downpayment, you may be able to use Asset secured loans and 401(k) secured loans to fund the downpayment. You can use an asset secured loan for the complete downpayment, or a portion of the payment, on a CalPERS mortgage loan. There are restrictions so check with your 401(k), insurance administrator, credit union, or bank about securing this loan. These funds can also be used to pay recurring and non-recurring closing costs. Remember that the principal and interest payments on an asset or retirement secured loan must be included in the total debt-to-income ratio. For CalPERS loans the downpayment can be a gift or a Personal loan. Also, non-occupant, co-borrowers can help you qualify, with no additional restrictions to qualifying ratios (single-family dwelling only). Seller concessions can be up to 6 percent of the sales price, regardless of LTV. No income limits to prevent you from using a CalPERS government loan. Cash reserves are not required (subject to FHA guidelines). Your CalPERS conventional financing can be used with a variety of Community home Buyer's (CHBP) Programs (Housing debt-to-income and total debt-to-income qualifying ratios extended from 28%/36% to 33%/38%.) CalPERS home loan Closing Costs Top Free CalPERS home loan Quote There are various costs associated with obtaining a home loan. These costs may vary and CalPERS has limited control over them. Below is a general list of costs associated with closing a loan. Appraisal Costs - approximately $300-$350. Credit Report - approximately $15-$50. Title/Escrow Charges - based on the size of the loan and applicable guidelines. Hazard Insurance/Property Taxes - based on the property size and location. loan Processing Fee - $200 maximum.* Tax Service Fee - approximately $65.* Underwriting Fee - varies Flood Certification Fee - approximately $10-$30. Recording/Notary Fees - approximately $50. Discount Points - used to lower your interest rate, if applicable. See Interest Rates for discount points prices. Personal loan Administrative Fee - $50-$150, depending on Personal loan amount. Conventional Mortgage loans Only Maximum Origination Fee - 1.25 percent of the loan amount. This is an addition to any Discount Points used to lower the interest rate. Private Mortgage Insurance - varies depending on loan-to-value and payment method (more than 80 percent LTV only). Government Mortgage loans Only Maximum Origination Fee of 1 percent of the loan amount. This is an addition to any Discount Points used to lower the interest rate. Discount Fee - 0.25 percent of the loan amount (government refinances only**). Underwriting Fee - $125.* Up-Front/Annual Mortgage Insurance Premium - 1.75-2.25 percent up-front and 0.5 percent annually (based on the loan amount, may differ in certain circumstances). * Can not be charged to the buyer in a government transaction. May be charged to the seller. ** May be charged in addition to any posted pricing, if applicable. Closing costs can be paid by you, by the seller of the property,* a gift from a relative,* and/or Premium Pricing. Closing costs can also be financed into the loan transaction, up to the maximum LTV allowed.*  Mortgage. California Department of Real Estate # 01346801. The CalPERS home loan Advantage The CalPERS Member home loan program is a benefit that CalPERS extends to it participating members. There are many benefits to a CalPERS home loan including special cost protections and a variety of loan choices insuring that CalPERS members have the best options for home ownership. Benefits include: * Competitive Interest Rates on Purchases and Refinances which are set daily. * For conventional fixed-rate CalPERS financing, you can purchase a home with an up to a 97% loan-to-value (LTV) CalPERS Mortgage loan and up to a 5 percent Personal Retirement Account Secured loan - basically borrowing the down payment from yourself. * FREE 60-Day Rate Protection - Lock in your interest rate and eliminate concerns about interest rate increases. During the 60-day rate lock, CalPERS takes the rate increase risk for you. Other loan programs charge extra for a 60-day rate lock, or you take the interest rate risk by floating until loan approval. * Two FREE CalPERS Float Downs - Receive the lowest CalPERS interest rate on three applicable dates: Date of loan lock-in (Subject to certain restrictions), Date of loan approval; and Date the loan documents are drawn. Most other loan programs don't offer float downs or they charge extra for this benefit. The Float Down benefit is only available with 60-day rate lock. * Increased Flexibility with the 30-day Rate Lock Option - You may also opt for a 30-day rate lock instead of a 60-day rate lock. The CalPERS float downs are not available with this option. * Controlled Closing Fees - CalPERS has set maximums on some of the fees involved with a home loan, making the CalPERS loan very affordable. Most other loan programs have higher closing fees. * Closing Cost Assistance - Premium pricing, a gift from a relative, and/or seller contributions (Check for availability) may be used to pay for closing costs. * Reduced Mortgage Insurance Rates - As a CalPERS member, you may be eligible to receive up to a 1/8 (.125%) lower mortgage insurance rate. That's a savings of approximately $260 per year for a $200,000 30-year mortgage loan - Subject to certain restrictions. * Reduced Escrow & Title Fees - Receive a 25% discount on your escrow and title fees. For a $140,000 loan, that's a savings of $416 - Check for availability. * Your participation strengthens your own retirement system. Perhaps the most important benefit of all! FHA and VA loans CalPERS Mortgage </p> <p><a href="http://www.calpers.ca.gov/">http://www.calpers.ca.gov/</a> </font> </p> <p><font face="Arial" size="1">You may have reached this page because you entered a search term such as CalPERS california pers Calpers home loan into on eof our partner search engine sites. If you would like general information on CalPERS please visit the official CalPERS website at http://www.calpers.ca.gov/ Our family of Mortgage sites includes: Maryland <a href="http://www.marylandlending.com">Maryland Mortgage</a> <a href="http://www.marylandmortgagerefinance.com">Maryland Mortgage refinance</a> <a href="http://www.marylandmortgagelending.com">Maryland Mortgages lending</a> California is the largest state in the Union and we have resources to sever all areas of CA mortgage services. <a href="http://www.californiahomeloanmortgage.com">California mortgage</a> <a href="http://www.calloanprogram.com">CalPERS Mortgage Quotes</a> <a href="http://www.greatratequotes.com/Calloanprogram.htm">CalPERS Member home loan Program</a> <a href="http://www.greatratequotes.com">California Mortgage</a> <a href="http://www.californiahomeloanmortgage.com">California home loans</a> <a href="http://www.marinhomeloans.com">San Francisco Bay Area Mortgage</a> <a href="http://www.valleybay.com">California home Equity loan</a> Government loans <a href="http://www.vafha.com">FHA VA loans</a> </font></p> National Mortgage Sites <a href="http://www.refinancemortgagecompany.com">refinance</a> Related Sites for home Services. <a href="http://www.swimmingpoolquotes.com">Free In ground Swimming pool estimates from local pool builders</a> <a href="http://www.swimmingpoolquotes.com/Arizona/">Arizona Pool</a> <a href="http://www.swimmingpoolquotes.com/Florida/">Florida Pool</a> <p>This page is a reference for our visitors.  It contains comprehensive information about the CalPERS home loan program and links to sites of interest.  Most of these links will take you outside our site.  We can not guarantee the accuracy or relevancy of information on these outside websites.  <a href="unsaved:///CalloanProgram.htm">Click here if you would like to receive a free, no-obligation CalPERS home loan rate quote.</a></font></p> <p>CalPERS Links</font><a href="http://www.calpers.ca.gov/"> CalPERS home Page </a>- The CalPERS home site is an excellent on-line reference for <a href="http://www.calpers.ca.gov/benefits/bncalprs/memsvcs/memsvcs.htm"> CalPERS members,</a> <a target="_blank" href="http://www.calpers.ca.gov/retirees.htm">retirees</a>, <a href="http://www.calpers.ca.gov/employers.htm">employers</a> and <a href="http://www.calpers.ca.gov/interestedparties.htm">other groups and individuals</a> interested in the CalPERS program.  The site includes comprehensive information about CalPERS programs including <a target="_blank" href="http://www.calpers.ca.gov/benefits/bncalprs/memsvcs/memsvcs.htm"> general information for CalPERS members</a> and various <a href="http://www.calpers.ca.gov/benefits/benefit.htm">CalPERS Programs</a>.  Program specific information includes but is not limited to, <a href="http://www.calpers.ca.gov/benefits/member-education/default.htm"> CalPERS Member Education Information</a> including options such as Financial Planning Workshops and Retirement Seminars, <font color="#000080">the <a href="http://www.calpers.ca.gov/health/">Health benefit program</a>, <a href="http://www.calpers.ca.gov/benefits/bncalprs/retire/retire.htm"> retirement information</a> including the <a href="http://www.calpers.ca.gov/benefits/lrs/lrs.htm">legislator's retirement system</a> and </font>the Judge's retirement system.  This site also has comprehensive information about the <a target="_blank" href="http://www.calpers.ca.gov/homeloan/default.htm">CalPERS Member home loan Program</a><font color="#000080"> including information about <a href="http://www.calpers.ca.gov/homeloan/program/calpers-advantage.htm"> advantages of a CalPERS home loan</a>, information about <a href="http://www.calpers.ca.gov/homeloan/program/closing-costs.htm">closing costs</a>, various <a href="http://www.calpers.ca.gov/homeloan/options/default.htm">mortgage and program options</a> available through the CalPERS home loan program, how to qualify for a CalPERS home loan, special CalPERS loan programs for <a href="http://www.calpers.ca.gov/homeloan/options/special.htm">first time home buyers and Community home buyers</a>, current CalPERS Member home loan <a href="http://www.calpers.ca.gov/homeloan/options/interest-rates.htm">interest rates</a> (which are set by CalPERS on a daily basis) and other information about the Member home loan Program.  If you would like additional information about the program or qualifying for a CalPERS home loan, please feel free to <a href="unsaved:///CalloanProgram.htm">complete our online form</a> or email us at <a href="mailto:calpersmortgage@valleybay.com"> calpersmortgage@valleybay.com</a> </p> <p><a href="http://www.calpers-governance.org/forumhome.asp">CalPERS Shareholder Forum</a> - The CalPERS Shareholder Forum is a site created by the CalPERS Board of Administration.  from the site you may subscribe electronic mailing list and stay current regarding <a href="http://www.calpers-governance.org/principles/default.asp">CalPERS Governance Principles</a>, <a href="http://www.calpers-governance.org/news/"> Governance News</a> another other information about CalPERS.  <br>  </font></p> <p><font face="Arial" size="1">CalHFA</font><a href="http://www.calhfa.ca.gov/about/index.htm"> CalHFA - California Housing Finance Agency </a></font> <font face="Arial" size="1">- The California Housing Finance Agency (CalHFA) was established in 1975 as California's chartered affordable housing bank to make below market-rate loans through the sale of tax-exempt bonds. A completely self-supporting State agency, the bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars.  This site offers details about CalHFA's homebuyer programs including </font> <font face="Arial" color="#004080" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/first-mortgage.htm"> homeownership Mortgage loan Program</a> <a href="http://www.calhfa.ca.gov/homeownership/programs/block.htm">Builder-Lock (BLOCK) Program</a>, </font><font face="Arial" color="#004080" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/eem.htm">Energy Efficient Mortgages</a>, </font><font face="Arial" color="#004080" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/homechoice.htm"> homeChoice Program</a>, <a href="http://www.calhfa.ca.gov/insurance/index.htm"> Mortgage Insurance</a>, </font><font color="#004080" face="Arial" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/schfa.htm">Partnership with Southern California home Financing Authority (SCHFA)</a> <a href="http://www.calhfa.ca.gov/homeownership/programs/shbap.htm">Self-Help Builder Assistance Program</a> <a href="http://www.calhfa.ca.gov/homeownership/programs/single-loan.htm">Single loan (SL) Process</a>. </font></p> <p><font face="Arial" size="1">There is also valuable information about Down Payment Assistance Programs including </font> <font face="Arial" color="#004080" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/ahpp.htm">Affordable Housing Partnership Program (AHPP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/chdap.htm">California homebuyer's Downpayment Assistance Program (CHDAP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/chap.htm">CalHFA Housing Assistance Program (CHAP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/ectp.htm">Extra Credit Teachers home Purchase Assistance Program (ECTP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/hicap.htm">High-Cost Area home Purchase Assistance Program (HiCAP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/hirap.htm"> homeownership In Revitalization Areas Program (HIRAP)</a>, <a href="http://www.calhfa.ca.gov/homeownership/programs/oakland-teacher.htm"> Oakland Teacher Program</a> and </font> <font face="Arial" color="#004080" size="1"> <a href="http://www.calhfa.ca.gov/homeownership/programs/sff.htm">School Facility Fee Down Payment Assistance Program (SFF)</a> </font> <a href="http://www.dre.ca.gov/default.htm">California Department of Real Estate</a> - The Department is responsible for protecting the public in real estate transactions and provide related services to the real estate industry. The site has extensive <a href="http://www.dre.ca.gov/pubs_sub.htm">publications</a></font></p> Presented by Valley Bay Mortgage mailing address 813 Harbor Blvd. #302 West Sacramento, CA 95691 call toll free 888-399-3136 </body>