Press Releases

Mountain West Financial, Inc. proudly announces our award as #1 2018
Affordable Housing & Down Payment Assistance Lender by CalHFA.

CalPATH STEAP Loan Program

Joe Moore
FOR IMMEDIATE RELEASE:
February 06, 2019

Mountain West Financial, Inc.
7755 Center Avenue, 11th Floor
Huntington Beach, Ca. 92647
Toll Free: 1-800-310-7577
hb@mwfinc.com

“It’s so rewarding to be recognized for helping first-time homebuyers. It has always been our mission to participate and offer home loan programs that are designed to meet the needs of our community. Because of the wonderful down payment assistance programs offered by CalHFA, Mountain West Financial was able to help almost 700 additional families achieve the dream of homeownership in 2018” said Tonya Todd, SVP Strategic Products."

STEAP – School Teacher & Employee Assistance Program
CalHFA Down Payment Assistance Program for Educators & School District Employees

Breaking News! Down Payment Assistance is back for California Teachers and School District Employees! The STEAP - School Teacher and Employee Assistance Program provides up to 4.0% of a home’s sale price (or) appraisal value and may be used for down payment or closing fee assistance.

CA School Teacher and School Employee Down Payment Assistance Program (STEAP)

If you are a K-12 teacher (or) school employee and are in need of down payment assistance, STEAP may be a great alternative to our exclusive CalPATH - California Public Employee & Teacher Home Loan Program.

Eligibility:

  1. Must be a *First Time Homebuyer and a Teacher (or) School District Employee, *cannot have owned a home in the previous 3 years
  2. Maximum Home Purchase Price of $750,000*. *subject to county income & loan limits, view county loan limits.
  3. Deferred Interest 2nd Mortgage up to $26,400 for down payment and/or closing fees.
  4. Must be used in conjunction with a CalHFA 1st Mortgage (FHA or Conventional)

If you are a real estate professional and are interested in co-branded marketing opportunities to promote CalPATH and STEAP in your area, we invite you to partner with us as a Preferred Realtor Sign.

For more information, please contact our CalPATH Hotline @ 800-310-7577 (or) apply online to receive a free, no obligation home loan pre-approval.

CalSTRS & CalPATH Press Releases
Press Release Home CalSTRS-3/27/13 CalSTRS-9/20/13 CalPATH-10/15/13 CalPATH-09/2014 CalSTRS-02/2015 CalPATH-03/2016 CalPATH-07/2016 CalPATH-03/2018 CalPATH-04/2018 CalPATH / STEAP-02/2019
Other CalPATH News
CalPATH Blog - Coming Soon Preferred Client News LAUSD–Pathways to Homeownership Jumbo 5% Down Payment Program
STEAP


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