Cal STRS
If you are a teacher in California with CalSTRS and CalPERS home loan program, then you need to know that it won't be hard to get approved for a low interest mortgage.
By simply meeting the credit and income requirements, which means having a credit score of 630 or above and total gross monthly income that is at least 3 times larger than your proposed housing payment, you can apply for this home loan program.
- Buy a house with as little money down
- Ideal for the first-time homebuyers unable to make larger down payments.
- Down payment assistance programs can be added to an CalSTRS / CalPERS Loan for additional down payment and/or closing cost savings.
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CalSTRS / CalPERS vs. Conventional Home Loans?
CalSTRS / CalPERS home loans are different than conventional home loans. They may be better options when you're looking to refinance your existing mortgage, purchase your first home or move up to your next home.
This type of loan allows you to acquire a new home with little money down and pay off the remaining balance over time through monthly payments with interest.
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Why Should You Choose Us?
We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.
- Customer Focused
- Minimal Documentation
- In-Houses Controls
- Best Loan Services
Our Core Purchasing Service
Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.