About Our Program No Cost, Hassle Free Home Loans For California Public Employees

$0
Typical Lender Fee
$0
Origination Fee
$0
Processing Fee

YOU PAY
$0.00

IN LOAN FEES

Our Program Works With:

  • FHA
  • Jumbo
  • Conventional
  • VA
  • USDA

Make us your one stop shop, no matter what loan you’re looking for: VA, FHA, Conventional or otherwise.

Giving California Public Employees More Homebuying Power

As a California Public Employee you’re entitled to the best deal possible when it comes to home financing and we’re here to give you the flexibility you need to own your own home. You can use this program to save you money and make the whole process easier.

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How to Qualify

If you are an active or retired member of CalPERS, CalSTRS or any other public retirement system in the state of California - you are eligible to use our no cost loan program!

After that, it’s just a matter of choosing the loan type that works best for you with the help of our licensed loan experts. Qualifying for loans with the California Employee Loan program works the same way as getting qualified for any conventional or government loan program. Pre-Qualification can take as little as 15 minutes, and the service is free! The home you are purchasing or refinancing must be in the state of California.

GET PRE-APPROVED

Today's Rates

Mortgage rates change daily based on the market. Here are today's mortgage rates.

30-Year Fixed VA

3.25%
(3.50% APR)

Available for active members of the U.S. military and veterans, VA loans provide flexible, low-interest mortgages.

30-YEAR FIXED

3.75%
(3.99% APR)

With as little as 3% down and lower costs, borrowers can enjoy a fixed monthly payment and can avoid paying PMI with 20% down.

15-YEAR FIXED

3.25%
(3.50% APR)

Similar to the 30-year conventional, borrowers can rely on a fixed monthly payment and save money on interest with the shorter loan length.

30-YEAR FIXED FHA

3.25%
(3.75% APR)

With low down payment options and lenient credit requirements, FHA loans can help both repeat and first-time buyers.

These rates are current as of Tuesday, October 22, 2019.

Rate terms and conditions

Terms and Conditions

  • Rates based on 400K purchase price, 25% down-payment, 740 or greater credit score, with 1.5 points due at closing.
  • Mortgage rates can change daily and without notice.
  • Lock period for your rate is 30 days.
  • Estimate payments do not include property taxes or insurance.

Our Testimonials What our customers say

GETTING STARTED Let's get you pre-qualified

Fill out this quick form and one of our home loan experts will give you a call to start the process of finding you a home!

SECURE FORM
There is no commitment, and pre-qualification is free.

CELP | California Employee Loan Program

Loan approval is subject to underwriter review: not everyone who applies will be approved. Interest rates are subject to change daily and without notice. Any interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, loan type, credit score, purpose and loan to value.