This question was posed to me by a young firefighter considering using the $6500 Federal ‘existing homeowner tax credit’ to purchase his second home.
If you fall into any of a multitude of State or public agencies the answer is YES! According to Wikipedia: The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families”
The types of employees covered include California state agencies and universities, counties, cities, towns, special districts, auxiliary agencies, fire districts, and other government entities, school districts, national guard and more.
In addition to managing retirement savings for it’s members, CalPERS also has a home loan program. These loans feature a number of advantages over standard loans including controlled closing costs, reduced processing fees, discounted mortgage insurance, discounted title and escrow fees, free interest rate locks and more! Plus the CalPERS loan allows employees to borrow the money from their retirement for their down payment to reduce up-front costs.
If you work for a California or public agency and wonder if you can take advantage of all of the benefits of the CalPERS loan program, please call me today!
If you fall into any of a multitude of State or public agencies the answer is YES! According to Wikipedia: The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families”
The types of employees covered include California state agencies and universities, counties, cities, towns, special districts, auxiliary agencies, fire districts, and other government entities, school districts, national guard and more.
In addition to managing retirement savings for it’s members, CalPERS also has a home loan program. These loans feature a number of advantages over standard loans including controlled closing costs, reduced processing fees, discounted mortgage insurance, discounted title and escrow fees, free interest rate locks and more! Plus the CalPERS loan allows employees to borrow the money from their retirement for their down payment to reduce up-front costs.
If you work for a California or public agency and wonder if you can take advantage of all of the benefits of the CalPERS loan program, please call me today!
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