The Office of Loan Programs provides first deed of trust variable rate loans with up to 30-year terms at maximum amounts of 80 percent to 90 percent of value, depending upon loan size. During the loan process, you will have the option to select the Standard MOP or the 5/1 MOP product.

The following loan products must be authorized at the campus level: Graduated Payment Mortgage Origination Program (GP-MOP) and the Supplemental Home Loan Program.

Eligibility for participation requires nomination at the campus level and is generally restricted to qualified applicants who are purchasing a home in the campus area for the first time.

*NOTE: The Campus' or Lab's nomination for participation in the Program does not constitute loan approval. Program loans are subject to meeting all qualifying parameters of the Program.

Loan Program Products:

Mortgage Origination Program (Standard MOP)

MOP, also known as Standard MOP, is a fully-amortizing first deed of trust loan with a one-year adjustable interest rate based upon an internal University index (MOP Index).

5/1 Mortgage Origination Program (5/1 MOP)

The 5/1 Mortgage Origination Program (5/1 MOP) is an alternative product to the Standard MOP. 5/1 MOP is a fully-amortizing first deed of trust loan that offers an initial fixed interest rate and payment for the first 5 years of the loan, after which the loan converts to a Standard MOP for the remaining loan term. During the initial loan process, you will have the option to select the 5/1 MOP product.

Graduated Payment Mortgage Origination Program (GP-MOP)

Loan featuring an initial interest rate that is a specified percentage lower than the Standard MOP Rate in effect at the time of loan commitment.

Supplemental Home Loan Program (SHLP)

Provides primarily secondary mortgage financing with variable and fixed rate options.