CALPATH (What You Want To Know Wednesdays)
In October of 2013 Mountain West Financial announced their exclusive program, CalPATH, (California) or PATH (other states.) This program was made to fill the void left behind from the departure of CalSTRS. CalPATH offers reduced lender fees, FHA or Conventional options, purchase or refinance options, 15, 20, 25, or 30 year terms, and many more benefits. CalPATH is eligible to be combined with other down payment assistance programs. In addition to all of those great benefits, this program also includes one free rate float down before your Closing Disclosure is issued. What is a rate float down? If the market rates go down after you have locked in your rate, you have one chance to “float down” to that lower rate for free! If you’re a member of the following agencies, or have questions about your eligibility, contact one of our Loan Officers!
- Arizona: Members of Arizona State Retirement System (ASRS)
- California:
- California State Teachers Retirement System (CalSTRS)
- California Public Employees Retirement System (CalPERS)
- Legislators Retirement System (LRS)
- Judges Retirement System (JRS)
- Or a Employee of a California Public Agency
- Colorado:
- A Colorado Public Agency
- Colorado Public School District
- Colorado State University
- Colorado Community College
- Colorado Judicial System
- Colorado Public Health Department
- Colorado Local Government Entities
- Member of the Colorado Public Employees' Retirement Association (PERA)
- Idaho: Public Employee Retirement System of Idaho (PERSI)
- Nevada: Members of Public Employees' Retirement system of Nevada
- Oregon: Members of Oregon Public Retirement System (PERS)
- Texas:
- Texas County and District Retirement System (TCDRS)
- Texas Municipal Retirement System (TMRS)
- Employees Retirement System of Texas (ERS)
- Teacher Retirement System of Texas (TRS)
- Utah: Members of Utah Retirement System (URS)
- Washington:
- Wyoming: Wyoming Retirement System (WRS)
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.
