CalPERS 100% financing. How does this work?
With the CalPERS 100% financing you can purchase a home with as little as 3.5% as a down payment which actually can come from a personal loan that is secured by your CalPERS retirement account. You can get a loan amount up to 350,000 plus the down payment personal loan of 18,421.00 for a maximum 100% purchase price of $368,421.00
The approval for the personal loan is completed at the same time as your first mortgage. You could have an approval within 24 hours.
