Whether you are dreaming of buying a new home, lowering your existing payments, or taking cash out, the CalSTRS Home Loan Program can help by offering competitive rates on a variety of mortgage loan programs:
- Conventional 15 or 30 year Fixed Rate Program — Competitive rates are available for buying a new home or refinancing to meet your individual needs. Mortgage loan amounts are available up to $834,000.
- 80/17 Program — Qualifying for a larger home mortgage is now possible because of the low payment during the 5-year second mortgage deferral period. Mortgage loan amounts are available up to $650,000.
Work with Mortgage Experts
Haven West Mortgage has highly experienced loan officers trained to assist you with the CalSTRS Home Loan Program.
We’re on Your Side
- All program interest rates are set daily and are very competitive in the industry.
- You will receive a FREE 45-day interest rate lock upon submission of your application, to protect you from rising rates.
- In the event interest rates fall after you have applied for your loan, CalSTRS offers you a one time interest rate reduction (float down option during the 45 day lock period) - saving you money.
Your Money Works for You
Income derived from mortgage payments goes directly into the Teachers' Retirement Fund.
Receive Discounts
To save you money when buying or refinancing your home, CalSTRS has negotiated discounts on escrow and title fees, and on mortgage insurance rates. Please contact one of the approved CalSTRS lenders for details.