# 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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(888) 611-0998

Testimonials

"I have financed multiple properties with these guys, and it's been amazing every time. The process was seamless. And I got the best possible rate. They are incredibly professional and efficient. Highly recommended."
"John Murdock was such a pleasure to work with he went above and beyond to be sure everything was transparent. He made sure we had the knowledge on what to expect through the loan process. he is definitely an asset to your company. Will definitely use him again when needing f
"We felt very supported in our loan and made the process very easy. Thank you to Chris and his team for the excellent communication and support."
"Josh Settersten is fantastic!! My husband I had the pleasure working with Josh via our first home buying experience, and he made it such an easy process! He was always quick to respond to any of our questions and kept us updated throughout the entire process. We are beyond g
"I worked with Kristin Howard to refi my home and she made the process so easy! She is very knowledgeable and experienced and was able to answer all of my questions. She got me a great rate and saved me a ton of money. I highly recommend Groves Capital for your home loan need
"Desmond, Experience in finding the right solution to getting a home loan was outstanding. His commitment to detail shows that he has his clients best interest at hand. Trust is the most important things when it come to getting a loan and providing personal information. Thank
"Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k
"I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance

# 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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(888) 611-0998
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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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