Vitek Mortgage welcomes you to the CalPERS Home Loan Program

The California Public Employees Residential Mortgage

The CalPERM Home Loan Program is only available to CalPERS Members and is offered Exclusively by Vitek Mortgage Group. The program offers a variety of loan options to help CalPERS members purchase a home.

If you already own a home, it's easy to use the Program to refinance too. Whether your goal is to consolidate your debts, make home improvements, shorten your loan term, or just lower your monthly mortgage payment, the program can work for you.

Whatever your situation, whatever your goals, we are here to help you every step of the way.

Who is Eligible?

You must be an active, inactive, retired or annuitant Member of the California Public Employees Retirement System (CalPERS), the Legislators Retirement System (LRS) or the Judges Retirement System (JRS).

Program Highlights

Reduced Lender Fees by average of 60%
Additional discounts and rebates through participating partners
Loans for your Primary Residence Only
Available for Purchases or Refinances
Eligible properties are 1 - 4 family properties, approved Condos and PUD's
Ineligible properties are manufactured homes and Co-ops

Loan Options

CalPERM offers a variety of options for purchasing or refinancing your home. We're here to help you find the best home loan for your financial situation. Whether you're a first-time buyer or ready to buy a new home, we can help.

Conventional Loans
CalPERM Conventional loans are available for home purchases or refinancing with fixed interest rates. 30 Year, 20 Year and 15 Year Fixed Rate Mortgages.
Government (FHA) Loans
You can use FHA loans through the CalPERM Home Loan Program too.
VA Loans for Veterans
Use your VA benefit for up to 100% financing through the CalPERM Loan Program.

Down Payment Assistance

With this option, you get a "GRANT" for 3% of the purchase price to be used towards your down payment or closing costs. This is NOT a loan and it does not have to be repaid. You do not have to be a first time buyer to be elilgible for this grant. This Grant is NOT secured against your retirement account. Income restrictions per county and loan amount limitations apply. This Grant may be used in conjunction with a new VA or FHA home loan program. Limited Funds Available.

Current Interest Rates

The CalPERM Home Loan Program has a variety of loan programs and interest rate options. Interest rates are updated daily to provide you with the latest information. Factors such as loan program and your credit scores may affect your rate. Contact Doug Bullwinkel at (800) 636-8910 for a quote on the current interest rate.

Savings From Our Partners

Vitek can provide CalPERS members with discounted or low-cost options for additional products or services used in conjunction with the CalPERM Home Loan Program.

Personalized Real Estate Assistance
You can take advantage of personal assistance with your real estate transaction and get a cash rebate with the CalPERM program. The rebate amount is based on the purchase price of your new home and is subject to certain restrictions. Programs may not be available in some areas. If you're interested, contact Doug Bullwinkel a (800) 636-8910 and he can refer you to a participating Realtor before you start looking for your new home.
Reduced Escrow Fees
You could also benefit from reduced escrow fees. Old Republic Title offer substantial savings on escrow fees. We will provide your Realtor with information for you to take advantage of these savings.
Additional Discounts after Closing
CalPERM will provide you with discount coupons from major retailers and home improvement stores at close of escrow to provide you with additional savings.