The CalPERS Member Home Loan Program offers a variety of loan options to help you purchase your home. There is no requirement to be a first-time homebuyer, no minimum vesting requirement, and you are eligible for the program on your first day of employment.
If you already own a home, it's easy to use the Program to refinance too. Whether your goal is to consolidate your debts, make home improvements, shorten your loan term, or just lower your monthly mortgage payment, the program can work for you.
Whatever your situation, whatever your goals, we are here to help you every step of the way.
Member Home Loan Program
The CalPERS Member Home Loan Program offers members security, protection, and choice when purchasing or refinancing a home. The program is available nationwide through more than 40 approved lenders.
All active, inactive, and retired members of CalPERS, the Legislators' Retirement System, the Judges' Retirement System, and the Judges' Retirement System II are eligible to participate.
The program offers both fixed and adjustable rate loans, 100 percent loan financing, special loan programs, rate lock options, and more.
Loan Options
CalPERS offers a variety of options for purchasing or refinancing your home. We're here to help you find the best home loan for your financial situation. Whether you're a first-time buyer or ready to buy a new home,
we can help.
You can find out more on the different loan programs available by choosing one of the options below.
Interest Rates & Savings on Closing Costs
The CalPERS Member Home Loan Program has a variety of interest rate options. Interest rates are updated daily to provide you with the latest information. Most of the loan options below have a 30, 60, and 90 day
rate lock-in option available.