I just came across this and thought it was a great thing to pass around.
I already have 2 clients that I have put on this program.
CALSTRS California State Teachers’ Retirement System
Home Loan Program
80% First/ 17% Silent Second/ 3% down payment
LOAN FEATURES
· Only 3% Down Payment Required (2% can be a gift)
· No Mortgage Insurance
· No payment on Second for 5 years
· Borrower Qualifies on 80% Loan to Value - they can purchase 17% more in sales price
Call your local loan guy for more info.
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