I Want to Purchase a Home

Whether it will be your first home or your dream home upgrade, CalTAP Plus is the #1 home loan choice for Teachers, Police, Fire, Military, and other public employees.

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I Want to Refinance My Home

CalSTRS, CalPERS & other eligible CalTAP Plus borrowers may explore options to use the equity in their home for renovations, cash out or simply improve loan terms.

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CalTAP Home Lending Q&A for
California Teachers, Police, Firefighters & Military

Get Answers to Frequently Asked Questions about the California Teacher And Public Employee Home Loan Program known as CalTAP Plus.

This program is designed exclusively for the California Teachers Retirement System (CALSTRS), California Public Employees Retirement System (CalPERS), Legislators Retirement System (LRS), Judges Retirement System (JRS), you are an active employee of a California public agency, including active (or) retired military.

The California Teacher And Public Employee Home Loan Program, now known as CalTAP Plus was introduced to thank public employees for service to their local community. This program is available to Teachers, Police Officers, Firefighters, Judges, Military and other public employees who are contributing or retired members of the CalSTRS, CalPERS, LRS, JRS retirement system or are an active employee of a California public agency/military veteran.

Please take a moment to visit our CalTAP Plus Resource Center and view our educational video series to learn more about the program benefits that have helped CalTAP Plus become the #1 home loan program for public employees serving the state of California. TAP Plus USA is offered in other approved states.

CalTAP Plus was designed to provide rewards benefits for those who serve our local communities in California. TAP Plus USA provides the same rewards benefits out of state.

CalTAP Teacher & Public Employee Rewards Benefits:

  1. No Lender (or) Processing Fees Charged Ever! ($1,895 value)
  2. Free Float Down if Rates Improve after You LOCK!
  3. Earn up to $10,000 CASH-BACK using one of our Clever Real Estate Partners to buy your next home!

PLUS...

  1. We offer a MATCH (or) BEAT Rate & Pricing Guarantee!

Make us your first and last call to get pre-approved with peace of mind that CalTAP Plus is the #1 home loan program available for California public employees.

You may apply online to begin the approval process with confidence that you will receive the “BEST” combination of rate and pricing available today.

During the first 30 Days after your rate is locked, if interest rates drop by a minimum of .250%, you can float down to the lower rate Free of charge. The float down option can only be exercised one-time during the escrow period prior to the final closing disclosure being issued and is applicable to both home purchase and refinance loans under the CalTAP Plus home loan program.

Your "Interest Rate Float Down" option is an exclusive reward benefit only offered with the CalTAP Plus home loan program Á TAP Plus USA home loan program outside the state of California.

CalTAP Plus will allow you to borrow up to 80% of your home value to pay off existing credit card balances, student loans, home improvement (or) any other purpose.

If you are an active (or) retired military veteran, you may borrow up to 100% of your home value with a CalTAP Plus VA loan.

Home Equity Loans (HELOAN) and Home Equity Lines of Credit (HELOC) are also available up to 95% of your homes value.

Yes, provided you have equity in your home, you may consolidate existing student loans into a new 1st mortgage with the CalTAP Plus - California Teacher And Public Employee Home Loan Program.

By consolidating your student loans utilizing your home equity, your student loan balances may be tax deductible. Please contact your accountant for confirmation of your potential tax savings.

Please contact a CalTAP Plus advisor or apply online for more information.

No, mortgage insurance is only required with FHA financing. Lender Paid mortgage insurance options (No PMI) are available with a 3% down payment up to a $726,200 loan amount for first time homebuyers and with 5% down and a maximum loan amount of $1,089,300 in high-cost counties.

Click here to view 2023 loan limits in your state and county.

CalTAP Plus is available for a new home purchase (or) refinance for CalSTRS and CALPERS Retirement fund members. You can even refinance an existing CalSTRS (or) CalPERS loan.

By the way, CalTAP Plus is now also available for private school teachers, private school employees and active/retired military.

If you have any questions about the CalTAP Plus Home Loan Program, please contact us directly at 800-310-7577, register for our CalTAP Plus Newsletter and receive complete program guidelines and updates as they are released, or apply online to begin the loan process.

CalTAP is available for a new home purchase (or) refinance for CalSTRS and CALPERS Retirement fund members. You can even refinance an existing CalSTRS (or) CalPERS loan.

Please take a moment to visit our CalTAP Resource Center and view our educational video series to learn more about the program benefits that have helped CalTAP become our #1 home loan program for for CalSTRS, CalPERS, LRS and JRS retirement fund members!

If you have any questions about the CalTAP Home Loan Program, please contact us directly at 800-310-7577, register for our CalTAP Newsletter and receive complete program guidelines and updates as they are released, or apply online to begin the loan process.

CalTAP Plus is our way of saying Thank You for all you do to serve your local community.


*Click here to view disclaimer for Keys in 21 Days, Free Rate Float Down & MATCH (or) BEAT Guarantee.