Our "NEW" CalTAP Combo Loan allows you to buy a single-family residence, condominium, or townhome in most *High-Cost California counties* with up to $1,350,000 for only 10% down and a 10% line of credit as a second mortgage. Other combo loan options are available for homes priced up to $1,750,000.
Our combo loan is also available for home purchase, rate & term, and cash-out refinance loans. Loan limits in other counties may vary, click here to view loan limits in your state and county.
*High-Cost California counties include Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Clara and Santa Cruz.
| Max Purchase Price | Down Payment % | Down Payment $ | 1st Mtg $ | LTV | 2nd % | 2nd $ | CLTV |
|---|---|---|---|---|---|---|---|
| $1,350,000 | 10% | $135,000.00 | $1,080,000 | 80% | 10% | $134,865 | 89.99% |
| $1,450,000 | 10% | $145,000.00 | $1,087,000 | 75% | 15% | $217,355 | 89.99% |
| $1,550,000 | 10% | $155,000.00 | $1,085,000 | 70% | 20% | $309,845 | 89.99% |
| $1,650,000 | 10% | $165,000.00 | $1,072,500 | 65% | 25% | $412,335 | 89.99% |
| $1,750,000 | 10% | $175,000.00 | $1,102,500 | 63% | 27% | $472,325 | 89.99% |
If you have any questions about our CalTAP (or) TAP USA home loan programs, please contact our CalTAP Plus Hotline @ 800-310-7577, 8:30 AM to 8:00 PM, or apply online to begin the loan process.
CalTAP Reward Benefits – discover the incredible home loan benefits and program options offered to CalSTRS and CalPERS retirement fund members as well as any employee of a California public agency. TAP USA is available outside of California.
CalTAP Q&A – get answers to frequently asked questions about our California Teacher and Public Employee Home Loan Program for CalSTRS, CalPERS, LRS and JRS retirement fund members.
CalTAP Testimonials - find out what Teachers, Police, Fire, Military, and other public employees have to say about CalTAP!
CalTAP Homebuyer Toolkit - request a “Free” first -time homebuyer Toolkit to share with your teachers (or) other public employees. We will mail it to you!
*Click here to view our sevice mark and disclaimers for Keys in 21 Days, Free Rate Float Down & MATCH (or) BEAT Guarantee.
