In 1981, the California legislature passed a law which established the CalPERS Member Home Loan Program as a benefit to members, as well as an investment vehicle for the Fund's fixed-income portfolio. CalPERS has retained First Nationwide Mortgage Corporation to manage the CalPERS Member Home Loan Program to our members through a select group of approved contract lenders.
CalPERS designed this program to offer eligible members protection, opportunity, comfort, and security in purchasing or refinancing a home.
Eligibility
As an active, inactive, or retired member of CalPERS, the Legislators' Retirement System (LRS), or the Judges' Retirement System (JRS), a person is eligible to apply for a loan under this program. There is no minimum service or vesting eligibility requirement.
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