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Introducing the CalPATH Combo Loan (80-10-10)

Photo from CalPATH Blog

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California home prices are at an ALL-TIME-HIGH, and Interest Rates are near an ALL-TIME-LOW! Don’t fool yourself into thinking that home prices will come down anytime soon because the chance are they won’t! With that said, you need more buying power to compete in today’s seller market.

The CalPATH – California Public Employee & Teacher Home Loan Program offers reduced lender fees, discounted interest rates, PLUS a ONE TIME RATE FLOAT DOWN (if rates improve after your loan is LOCKED) for Teachers, Police Officers, Firefighters, and other public employees who serve our local communities in California.

And the CalPATH Combo loan will help you purchase a single-family residence, condominium, or townhome in most *High-Cost California counties up to $1,025,000 with only 10% down and a 10% line of credit in the form of a 2nd mortgage. Your home buying power may increase further in 2022 when new California loan limits are announced in December 2021.

*High-Cost California counties include Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Clara, and Santa Cruz

Here is how!

Maximum Home Purchase Price: $1,025,000
Required Down Payment: $102,500 (10%)

New CalPATH 1st Mortgage: $820,000
New HELOC 2nd Mortgage: $102,500

CalPATH Combo Loan Benefits:

  • An 80-10-10 mortgage is structured with two mortgages: a fixed-rate loan at 80% of the home’s cost; the second is 10% as a home equity loan and the remaining 10% as a cash down payment.
  • This type of mortgage structure reduces the down payment without having to pay private mortgage insurance (PMI), helping borrowers obtain a home more easily with the up-front costs.
  • Expand your buying power above county loan limits without obtaining a Jumbo loan which requires a minimum 20% down payment in most cases.

About Mountain West Financial and the CalPATH Home Loan Program

Mountain West Financial is the exclusive lender offering CalPATH, the #1 home loan program for Teachers, Police Officers, Firefighters, and other public employees who serve our local California communities.

You may contact our CalPATH Hotline @ 800-310-7577, seven days a week from (8:30 am to 8:00 pm) or visit our website @ A CalPATH advisor will be standing by to answer (any & all) questions you may have about the home buying or refinance process.

We look forward to working with you soon!


Joe Moore

CalPATH Division Manager
NMLS #333648

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