Vitek Mortgage welcomes you to the CalPERS Home Loan Program

The CalPERS Home Loan Advantage
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.

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.

Conventional Loans
CalPERS Conventional loans are available for home purchases or refinancing with fixed or adjustable interest rates.
Government (FHA) Loans
You can use FHA loans through the Member Home Loan Program too.
Interest Only Features
With an initial interest-only period of 10-years, this loan is available for home purchases or refinancing.

Personal Loan (100%) Option
With this option, you get a personal loan secured by the retirement contributions you have on account with CalPERS. Those member contributions will continue to earn interest since they are not really taken from your account to make the personal loan. You will not lose any accrued interest or service credit.

The Personal Loan Option is only available to active or inactive CalPERS members. It is not available to retired members and those with State Second Tier service only.
The Personal Loan Option is for down payment assistance only, in conjunction with a CalPERS mortgage loan and cannot be used to pay any recurring or non-recurring closing costs.
You must have at least $2,000 in member contributions in your CalPERS member account. To find out what your current member contributions are, contact your CalPERS administrator at 888 CalPERS (or 888 -225-7377).
The Personal Loan Option can only be used with single-family dwellings, condominiums, and planned unit developments.
Personal loan terms range from 1- to 15-years (depending on the loan amount).
The personal loan cannot exceed the lesser of 5 percent of the home value or purchase price, 50 percent of the available amount of your current retirement contributions account, or the maximum personal loan amount of $18,421.
Different loan limits apply for Conventional or Government financing. Contact us at (800) 636-8910 for more information.

Security & Protection
The CalPERS Member Home Loan Program has been providing members with easy and affordable solutions for purchasing or refinancing since 1981. Learn more below about how the program provides you with service and protects your interests before, during, and after the loan process.

Over 25 Years of Program History
The Program was started in 1981, and has closed more than 134,900 real estate transactions for members. This amounts to over $23.2 billion in real estate loans.
60-Day and 90-Day Rate Protection
At the time of your loan application, you can lock in your interest rate for 60 or 90 days and get protection against market fluctuations. Other lenders loan programs that offer shorter lock periods can expire and leave you with a higher rate at close of escrow – resulting in higher monthly mortgage payments.
Savings on Closing Costs
Compared to many other loan programs, a CalPERS Mortgage Loan has much lower closing costs. Contact us for details at (800) 636-8910.

Current Interest Rates
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. Factors such as loan program and your credit scores may affect your rate. Contact Doug Bullwinkel at (800) 636-8910 for a quote on the current interest rate.

Savings From Our Partners
CalPERS can provide members with discounted or low-cost options for additional products or services used in conjunction with the CalPERS Member Home Loan Program.

This information is provided as a convenience to our members and should not be considered an endorsement or recommendation by CalPERS.

Personalized Real Estate Assistance
You can take advantage of personal assistance with your real estate transaction and get a cash rebate with the SMARTMOVE program. (The rebate amount is based on the purchase price of your new home and is subject to certain restrictions. Programs may not be available in some areas.) If you're interested, contact Doug Bullwinkel a (800) 636-8910 and he can refer you to a participating Realtor.
Reduced Escrow & Title Fees
You could also benefit from reduced escrow and title insurance fees. Old Republic Title and Stewart Title offer substantial savings on escrow and title fees. We will provide your Realtor with information for you.
Reduced Mortgage Insurance
If you need mortgage insurance, you may have access to lower mortgage insurance premiums with a CalPERS Mortgage loan. Lower mortgage insurance premiums can lower your total monthly mortgage costs.

Whatever your situation, whatever your goals, we are here to help you every step of the way.

Conventional Loans
CalPERS Conventional loans are available for home purchases or refinancing with fixed or adjustable interest rates.
Government (FHA) Loans
You can use FHA loans through the Member Home Loan Program too.
Interest Only Features
With an initial interest-only period of 10-years, this loan is available for home purchases or refinancing.

The Personal Loan Option is only available to active or inactive CalPERS members. It is not available to retired members and those with State Second Tier service only.
The Personal Loan Option is for down payment assistance only, in conjunction with a CalPERS mortgage loan and cannot be used to pay any recurring or non-recurring closing costs.
You must have at least $2,000 in member contributions in your CalPERS member account. To find out what your current member contributions are, contact your CalPERS administrator at 888 CalPERS (or 888 -225-7377).
The Personal Loan Option can only be used with single-family dwellings, condominiums, and planned unit developments.
Personal loan terms range from 1- to 15-years (depending on the loan amount).
The personal loan cannot exceed the lesser of 5 percent of the home value or purchase price, 50 percent of the available amount of your current retirement contributions account, or the maximum personal loan amount of $18,421.
Different loan limits apply for Conventional or Government financing. Contact us at (800) 636-8910 for more information.

Over 25 Years of Program History
The Program was started in 1981, and has closed more than 134,900 real estate transactions for members. This amounts to over $23.2 billion in real estate loans.
60-Day and 90-Day Rate Protection
At the time of your loan application, you can lock in your interest rate for 60 or 90 days and get protection against market fluctuations. Other lenders loan programs that offer shorter lock periods can expire and leave you with a higher rate at close of escrow – resulting in higher monthly mortgage payments.
Savings on Closing Costs
Compared to many other loan programs, a CalPERS Mortgage Loan has much lower closing costs. Contact us for details at (800) 636-8910.

Savings From Our Partners
CalPERS can provide members with discounted or low-cost options for additional products or services used in conjunction with the CalPERS Member Home Loan Program.

This information is provided as a convenience to our members and should not be considered an endorsement or recommendation by CalPERS.

Personalized Real Estate Assistance
You can take advantage of personal assistance with your real estate transaction and get a cash rebate with the SMARTMOVE program. (The rebate amount is based on the purchase price of your new home and is subject to certain restrictions. Programs may not be available in some areas.) If you're interested, contact Doug Bullwinkel a (800) 636-8910 and he can refer you to a participating Realtor.
Reduced Escrow & Title Fees
You could also benefit from reduced escrow and title insurance fees. Old Republic Title and Stewart Title offer substantial savings on escrow and title fees. We will provide your Realtor with information for you.
Reduced Mortgage Insurance
If you need mortgage insurance, you may have access to lower mortgage insurance premiums with a CalPERS Mortgage loan. Lower mortgage insurance premiums can lower your total monthly mortgage costs.

Loan Programs