How It Works
The CalHERO program is designed to reward and save eligible Heroes money with reduced interest rates and reduced fees when buying or refinancing a home. You'll also be working with an experienced team of dedicated and fully licensed mortgage experts who's number one goal is to serve the CalHERO community.
Additionally, buyers who choose to work directly with a participating CalHERO real estate agent may receive a cash rebate or credit at the time of closing.
Start the CalHERO Home buying Process below
Step 1
Complete the 2 minute Check Eligibility form to receive your initial 'Certificate of Eligibility'
Step 2
Connect and consult with the CalHERO Home Loan Loan Advisor that will contact you to discuss your goals, strategy, qualifying criteria, loan options and the possibility of working with a CalHERO Real Estate Agent Partner to receive an additional cash rebate or credit.
Step 3
Complete the CalHERO Loan Application and upload supporting documents needed for your CalHERO Home Loan preapproval.
Step 4
Receive your official Pre-Approval letter
Step 5
Conduct home search and submit offers on homes you wish to purchase
Step 6
Get your offer accepted, receive final loan approval, fund and close your loan, then move into your new home
Get Personalized Assistance From Our Experts
Find your dream home with trusted partners.
Buying, selling, or refinancing a home can be overwhelming. With CalHERO's partner network of California real estate agents, you can trust that you'll find your dream home with professionals who understand your unique needs. Let us help you navigate the process and make your homeownership dreams come true.
Frequently Asked Questions
At the heart of it, we value and want to recognize, honor, and reward those who serve, educate, and protect our communities. What better way than to help make their home financing more affordable?
Many of those eligible for CalHERO were also eligible for the old CalSTRS Teacher Loan and CalPERS Public Employee home loan program. However, those programs had several documented risks that were jeopardizing the financial stability of those organizations which lead to their suspension.
CalHERO™ stepped up to provide some sort of benefit for those who are eligible.
The CalHERO™ Home Loan is a financing alternative to the suspended CalSTRS® 80/17 Teacher loan and discontinued CalPERS® public employee home loan program.
