Get Answers to Frequently Asked Questions about the California Teacher And Public Employee Home Loan Program known as CalTAP.
The California Teacher and Public Employee Home Loan Program, known as CalTAP, established to express our gratitude to public employees for their service to the local community. Our program is accessible to teachers, police officers, firefighters, judges, military personnel, and other public employees who are contributing or retired members of the CalSTRS, CalPERS, LRS, JRS retirement systems, or are active employees of a California public agency or military veteran.
We invite you to request a Free CalTAP Homebuyer Toolkit to share our program reward benefits with your teachers, staff, or other public employees serving the state of California.
No, Secure Choice Lending is currently the exclusive lender offering the CalTAP – California Teacher and Public Employee Home Loan Program. The United States Patent and Trademark Office issued a Service Mark for CalTAP, SER. NO 97-800,768, FILED 02-17-2023 Any use of the MARK by other mortgage lenders, brokers or loan servicers is prohibited without the express written consent of Joe Moore (United States Individual), and owner of the service mark.
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The CalTAP – California Teacher and Public Employee Home Loan Program, originally established in 2012, provides competitive interest rates and rewards benefits to individuals who serve our local communities in California.
We are pleased to announce the expansion of our services to include our TAP – USA Teacher and Public Employee Home Loan Program, available for public employees who are purchasing or refinancing a home in thirty-eight states outside of California.
CalTAP & TAP USA Reward Benefits:
PLUS...
We invite you to apply online to begin the approval process with confidence that you will receive the "BEST" combination of rate and pricing available today with CalTAP – Powered by Secure Choice Lending.
During the first 30 days after your rate is locked, if interest rates decrease by at least 0.375%, you may float down to the lower rate free of charge. The float-down option can be exercised one time during the escrow period before the final closing disclosure is issued and applies to both home purchase and refinance loans under our CalTAP and TAP USA home loan programs.
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Yes, it is possible to obtain cash-out by refinancing your current first mortgage up to 80.00% of your homes property value with Conventional or FHA financing options. Additionally, if you are an active (or) retired military veteran, you may be eligible to borrow up to 100% of your home's value with our CalTAP VA home loan program.
If your current first mortgage interest rate is below 6.00%, you may want to consider utilizing the equity in your home through a second mortgage for purposes such as debt consolidation or home improvement. This approach allows you to maintain your low-interest rate on your first mortgage while addressing your financial needs.
CalTAP PLUS HELOAN (Fixed Rate Home Equity Loan):
CalTAP PLUS HELOC (Home Equity Line of Credit):
This is not an issue at all; in fact, we encourage you to consult with multiple lenders. We are confident our rates and fees will be among the lowest in the industry, especially for teachers and public employees.
With CalTAP and TAP USA, we confidently offer a MATCH (or) BEAT Guarantee!
Secure Choice Lending will match any legitimate offer from another mortgage lender or broker. The comparison must involve rates, pricing from the same day, and identical programs, with a written loan estimate (LE) required for proof of offer verification. If the offer is verified as legitimate, we will beat the offer by $250.00. Our guarantee applies to both home purchase and refinance loans (FHA, VA & Conventional) under the CalTAP and TAP USA home loan programs. This offer does not apply to credit unions, portfolio lenders, or builder-affiliated lenders.
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*Click here to view our sevice mark and disclaimers for Keys in 21 Days, Free Rate Float Down & MATCH (or) BEAT Guarantee.
