Conclusion

General Information

We have continued to manage the Home Loan Program mortgage portfolio and other investment assignments, while also evaluating the opportunity to restart the program.  Given recurrent changes to federal mortgage guidelines and low-return potential in the present mortgage market, staff recommends the program continue to be held in suspense.

FREQUENTLY ASKED QUESTION

Are there other state agencies offering mortgage programs geared toward teachers?

The California Housing Finance Agency (CalHFA) offers a variety of home purchase programs, one of which is the Extra Credit Teacher Home Purchase Program. CalSTRS does not specifically endorse mortgage programs offered by other parties; however, information about CalHFA programs can be found at www.calhfa.ca.gov.