CalSTRS CalPATH Teacher Home Loan and DPA - California

What is CalSTRS CalPATH Teacher Home Loan and DPA - California?

CalSTRS CalPATH Teacher Home Loan and DPA - California is a deferred second loan for homebuyers in California.

• CalPATH teacher loan program providing preferential mortgage terms plus DPA for California public school teachers and CalSTRS members. Works in conjunction with CalHFA STEAP. Statewide availability.
• Up to 3.5% of purchase price in assistance.
• no monthly payments on DPA.
• Funding comes from State / CalSTRS.

How much assistance does it provide?

CalSTRS CalPATH Teacher Home Loan and DPA - California provides assistance worth 3.5% of the purchase price, as set by the program.

• The program asks buyers to contribute 1% of purchase price (borrower minimum).
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

CalSTRS CalPATH Teacher Home Loan and DPA - California is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Sale, transfer, or non-occupancy.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

CalSTRS CalPATH Teacher Home Loan and DPA - California is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

CalSTRS CalPATH Teacher Home Loan and DPA - California sets its income limit as follows: Contact program provider for current income limits.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

CalSTRS CalPATH Teacher Home Loan and DPA - California caps the purchase price as follows: Contact program for current purchase price limits.

• Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

CalSTRS CalPATH Teacher Home Loan and DPA - California names educators among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

CalSTRS CalPATH Teacher Home Loan and DPA - California serves buyers purchasing anywhere in California.

How do you apply?

Applications for CalSTRS CalPATH Teacher Home Loan and DPA - California go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.