California State Teachers Retirement System (CALSTRS)
CalSTRS has an unbelievable 80/17 Program
Highlights:
- 2nd Mortgage means !!No Mortgage Insurance!!
- Qualify for more because payment on 2nd not included in qualifying ratios (5 yr deferred payment on 2nd TD)
- Loan Amounts up to $650,000
- Below Market Interest Rates (Well below...)
http://www.calstrs.com/Members/Home%20Loan%20Program/index.aspx
This is the best mortgage program available on the market right now. If you qualify you're lucky. Well deserved benefit for all hard working teachers and public school employee union members.
