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Local teachers in Santa Maria & Lompoc may be eligible for the home ownership loan programs available through the California State Teachers Retirement Program (“Cal STRS’). Eligible participants can apply for several different loan options which can increase borrowing power and lower down payment requirements. Currently, Cal STRS offers a zero down option using a two loan 95% and 5% structure, as well as a low down option using a two loan 80% and 17% structure. These options helped one teacher couple I worked with increase their loan qualification by an additional $50,000, and allowed them to buy the home of their dreams now. Only certain local lenders are experienced in the Cal STRS program. The Cal STRS website lists lenders in Santa Barbara and San Luis Obispo counties.

If you are looking to buy using the Cal STRS home loan program, I would be happy to work with you and your lender to help you find a great deal in this market. If you would like to sign up for email listing alerts, please send an email request at If you have questions about a specific property, I can be reached at (805) 878-9879.

tniright_logo1Tni LeBlanc, JD, M.A., e-PRO
Broker/Owner, Mint Properties
(805) 878-9879,

  • Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
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