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.
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.
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.
Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.
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.