What are CalPATH & PATH?
CalPATH & PATH are a program available exclusively to Mountain West Financial clients and is designed to benefit those that serve our local communities.
To qualify for CalPATH, you must be a member of one of the following:
- 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
To qualify for PATH, you must be a member of one of the following:
- 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
- Or a member of the Colorado Public Employees' Retirement Association (PERA).
With no additional qualifying, benefits of the a CalPATH home loan include:
- Reduced Lender Fees
- Competitive Rates
- FHA or Conventional loan options available
- Can be used with other downpayment assistance programs
- Available for high balance loans
- 15 or 30 year terms available
- No additional qualifying – follows FHA & Conventional standard guidelines
- One free float down – during the first 30 days (or approval date, whichever is sooner) after the rate is locked, if rates become lower you can “float down” to that new lower rate