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Can I get a CALSTRS loan?

I'm a teacher in orange county and I heard about this loan program..Is it still offered? and what are the requirements? by caprig_305_690 from Orange, California. Oct 3rd 2011 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

FHA has a "Good Neighbor Next Door" program that is limited to teachers, police, firemen, and emergency responders... it's a very limited program and it only applies to specific homes, however you can purchase a home for 50% of it's value... WilliamAcres.com

Oct 3rd 2011
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Hello, I am the Director of Communications at CalSTRS. The CalSTRS home loan program was not cancelled, but suspended temporarily while we seek a new loan servicing agent. CalSTRS' partner, Bank of America, has been the program administrator and master servicer for the CalSTRS Home Loan Program, but they recently announced their intention to sell their correspondent lending business, which is the reason CalSTRS must temporarily suspend the program. CalSTRS intends to resume the program as soon as possible after thoroughly exploring the options available in the home mortgage market and locating a new loan servicing agent. For more information, please refer to the press release on our web site: http://www.calstrs.com/Newsroom/2011/news092611c.aspx

Oct 6th 2011
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