Preferred Lenders

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Special Loan Programs

CalPATH 

 California Public Employee 

and Teacher Home Loan Program

This is an exclusive home loan program for Public and Private School Teachers, Police Officers, Fire Fighters

and City, County & State employees in California.   

 

  1. Home Purchase, Cash Out or Rate & Term Refinance
  2. Reduced Lender Fees & Discounted Pricing for Qualifying California Public Employees
  3. Lender paid Mortgage Insurance (No PMI) options available with as little as a 3% down payment
  4. Available for conforming and high balance FHA & Conventional loans up to a $679,650 loan amount
  5. Free One Time Float Down if Rates Improve during the loan process
  6. Keys in 21 Days Home-buyer Commitment

VA 100% Financing 

VA Loan Program Details    

Mountain West Financial provides 

100% financing to our nations Veterans 

with no down payment requirements 

within county loan limits. 

VA Financing can also be combined with the 

CHDAP Down Payment Assistance program and 

up to 6.00% Seller or Lender Credit is allowed to 

cover prepaid expenses and closing fees.  

This program is available for loan 

amounts up to $1,050,000.00

Please check current VA loan limits in your county.


STEAP

School Teaches and Employees Assistance Program

 Eligible home-buyers who qualify for 

down payment assistance must be 

 first time home-buyers employed at any

 K-12 California public or charter  school, school district offices, and county or continuation schools.   


STEAP is available to all employees including 

teachers, administrators,  school district employees 

and support staff Members.

Types of Loans

FHA

FHA loans bring home ownership into reach for buyers who might have a  hard time getting approved with conventional lenders. These loans are not right for everybody, but they have several appealing features:

         

  • Make a down payment as small as 3.5 percent.
  • Get approved to borrow with thin credit or problems in your credit history.
  • Buy single-family homes, condos, multi-unit properties, and manufactured homes with FHA backing.
  • Fund your down payment with gift money.

Conventional

Conventional mortgages aren't federally guaranteed. Down payments can be  as low as 3% but qualifications are tougher than for FHA and other  government home loans. 



  • Make a down payment as small as 3 percent, if loan amount is less than $453,150.
  • You need higher credit to qualify. 
  • Buy single-family homes, condos, multi-unit properties, and manufactured homes with FHA backing.
  • Fund your down payment with gift money.

VA

This is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). It is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses. 


  • Zero percent down payment.
  • Loan amounts up to $1,050,000.
  • Buy single-family homes, condos, multi-unit properties, and manufactured homes with FHA backing.