California Teachers Mortgage Assistance Program

Teachers or anyone who is part of the CalStrs retirement program are eligible for  the “80/17 Mortgage Financing Program”. This i s a great mortgage program for teachers who are first time buyers. There is a loan amount cap of $417,000 to $505,612 depending on the program.

What is the STRS Teachers Mortgage Loan Program

The STRS 80/17 home mortgage assistance program requires the borrower to put down 3% for the first mortgage and  then get a 17% second mortgage, thus eliminating any  PMI on the mortgage as it is a 80 percent loan to value mortgage.  The best part is that both the first and second mortgages have the same interest rate, unlike in the past where second mortgage interest rates were generally higher than the first mortgage…and you do not have to make payments on the 2nd for up to 5 years

What Are The Requirements to Qualify for the STRS Teachers Mortgage Assistance Program

  • 3 % down payment – of which 1% must come from the borrowers funds – the balance from a gift, grant
  • Primary residence for the borrower – no investment or 2nd home properties
  • Home must be located in California
  • Must be a member of the California State Teachers Retirement System
  • Good credit – score of 640 minimum

Loan Limits for the STRS Mortgage Program

  • $417,000 to $505,612 – check with a qualified lender (some may go higher up to $521,000)

Properties that Qualify

  • Homes must be located in California
  • Contra Costa & Alameda County have a number of properties that fall within the loan limits – call or email to get a list – fill in contact from below.


Call Linda Urbick- 925-415-3046 – to get a list of homes that qualify for the STRS program

and the lenders who are qualified to provide the STRS home mortgage.

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