CalPERS members and California state employees have access to an exclusive mortgage benefit that most employees never know about — and almost none ever use.
Nearly 2 million CalPERS members have access to exclusive discounted mortgage rates through MyRateAdvisor — rates negotiated based on the purchasing power of one of the nation's largest pension systems. Most members never claim this benefit.
The short version: CalPERS employees typically save 0.5–0.75% off standard market mortgage rates. On a $500,000 loan, that's roughly $150–$210/month — every month, for the life of the loan.
State of California employees, local government and city/county workers, public safety (police, fire, corrections), school employees under CalPERS, and retirees within 12 months of retirement date.
Not sure if you qualify? Submit a free request at myrateadvisor.com/calpers. Your advisor confirms eligibility within 24 hours — no credit pull required.
| Loan Amount | Standard Rate | CalPERS Employee Rate | Monthly Savings | 30-Year Savings |
|---|---|---|---|---|
| $400,000 | 7.25% | 6.49% | ~$210/mo | ~$75,600 |
| $500,000 | 7.25% | 6.49% | ~$262/mo | ~$94,300 |
| $700,000 | 7.25% | 6.49% | ~$367/mo | ~$132,100 |
Many CalPERS employees locked in rates of 3%–4% before 2022. California home values are up 40%+ since then — meaning many are sitting on $150,000–$400,000 in untapped equity. A HELOC or home equity loan lets you access it without refinancing your first mortgage. The CalPERS employee benefit applies to your HELOC rate too.
Best of both worlds: Keep your 3% first mortgage. Add a HELOC at your CalPERS employee rate. Your existing rate is never touched.
Fill out the short form at myrateadvisor.com/calpers. Under 2 minutes. No credit pull.
Your advisor confirms your CalPERS employment to unlock your exclusive rate tier.
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