# Mortgage Basics

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.
Up to
80%
LTV - Purchase
80%
LTV - Rate & Term
75%
LTV - CASH OUT
30 - 40
Year Fixed
IO Options
$250K up to $8M

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# Apply For CalSTRS / CalPERS

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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(866) 382-1466

Testimonials

"Ashley was very helpful and was very pleasant to deal with!"
"Kristin was hands down the most dedicated and hard-working loan specialist I have ever witnessed. I have closed over 10 loans in the last 3 years, and Kristin was hands down the most experienced, knowledgeable and dedicated person I have ever seen. I personally had a pair
"Ziona fue de mucha ayuda para que yo cumpliera mi sueño de ser propietario de casa ella estuvo siempre al pendiente de todo de verdad estoy muy agradecido con ella 100% profesional y comprometida. Muchas Gracias."
"Tyler did an amazing job for me and my family make the process so easy for us we about to close and he help us a lot."
"I am happy to say, my lender Ziona did a wonderful job assisting us, throughout the whole loan process. I highly recommend Ziona, for any future home purchases."
"Kristin Howard is absolutely best !!!!!!!!! She stayed on top of my deal until closing date.Cant ask for better service . Thank you Kristin"
"Susan is the BEST! I have done several transactions with her and she has always been so helpful and made the process so easy. These can be stressful but with Susan it is always simple. Highly recommend!"
"We had the pleasure of working with Angel Pierro. He was supportive during this entire process and we would 100% use him again! Highly recommend!"

# Apply For CalSTRS / CalPERS

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
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(866) 382-1466
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# Apply Now!

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.

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Bankruptcy Discharged

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FHA Loans

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Cal FHA

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Cal Hero

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FHA 203k Loans

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FHA Streamline

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Hybrid ARM

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Interest Only

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Reverse

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Sale Leaseback

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Second Home

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VA Veterans Affairs

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# Apply For CalSTRS / CalPERS

States We Lend In

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Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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(866) 382-1466