Sacramento, CA -- (SBWIRE) -- 06/22/2015 -- CalPERS, the largest public employee pension fund in the nation, suspended its home loan program in December of 2010.
The California Public Employees' Retirement System (CalPERS) board cited limited member usage and increasing costs.
"Over the past few years, there has been limited interest among our members in the Member Home Loan Program," said George Diehr, Chair of the CalPERS Investment Committee, in a statement.
"This change allows us to redirect our resources and reduce the risk to the Fund."
While CalPERS no longer offers the program members with existing CalPERS home loans were not affected by the move.
Towards the end of 2013 in an effort to fill this void in the market, Mountain West Financial rolled out its' CalPATH program.
Dubbed CalPATH, this new home loan program offered exclusively by Mountain West Financial includes awesome features for California's public employees. These include reduced fees and the ability to float down if interest rates improve during the first 30 days. It is extremely easy for California state employees to qualify and is not limited to first time home buyers.All California state employees need to do is prove that they are part of the CalPERS retirement system via verification of employment or a paycheck stub. It's really that simple.
So if you'd like more information about this program, please visit my website, click on the link made especially for you that says "CalPATH Home Loan Program". We look forward to helping you with your new,CalPATH home loan.
About Matt Gougé and Mountain West Financial Inc.
We are a direct lender committed to providing low down payment and other government assistance loan programs such as CalPATH, FHA, VA, USDA, and other lending programs.
Mountain West Financial Inc. has no affiliation to CalPERS. CalPATH is not a CalPERS home loanprogram. All applications are subject to underwriting guidelines and approval. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.NMLS# 164497.
Matt The Mortgage Guy
NMLS # 1088993
2399 American River Dr., Ste 1,
Sacramento, CA 95825
Mountain West Financial, NMLS # 164497
This press release was submitted by D Net Marketing, LLC
Matt, CalPATH Home Purchase and Mortgage Refinance program specialist.