UC Home Loan Program Resources

 Basic Information 

The Mortgage Origination Program is a recruitment tool to assist qualifying new faculty in purchasing their first home in the Bay Area. Eligibility for MOP participation is restricted to faculty with appointments in the Academic Senate series (Professor/ Ladder Rank, Professor In Residence, or Professor of Clinical X) or members of the Senior Management Group (SMG) within the first two years of their eligible appointment. In some cases, eligibility to participate in the MOP program may be offered to Academic Senate appointees as part of a retention effort. Faculty with appointments in the Adjunct or Health Sciences Clinical series are not eligible to participate in this program. Unless by special exception from the Chancellor, candidates may not already own or have owned in the past 12 months a primary residence in the Bay Area. Faculty may participate in the MOP program only once (unless they take a new appointment at a different UC campus).

The Mortgage Origination Program (MOP) provides first deed of trust variable rate loans with up to a 30-year term and a maximum loan limit of $1 million; not to exceed a loan-to-value ratio of 90% or a maximum income-debt ratio of 48%. The maximum annual adjustment of the interest rate for a loan, upwards or downwards, is 1.0%. The overall cap to the Standard Rate is 10% over the start rate (effective Jan 1, 2014). At no time will the Standard Rate be less than 3.0%. In the special cases where a Supplemental Home Loan Program (SHLP) loan is offered in conjunction with a MOP loan, the loan-to-value ratio may go as high as 95%.

Criteria and procedures specific to the UCSF campus are available here.

For departments, the MOP/SHLP Allocation Request Form is here.

If preparing an offer letter, it is essential to use the UCSF Offer Letter Generator. This system will supply the legally important language regarding the home loan programs.

NEW: APRIL 1, 2014 5/1 MOP Program

The 5/1 Mortgage Origination Program (5/1 MOP) loan is a fully-amortizing mortgage 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 1-year adjustable rate mortgage (Standard MOP) for the remaining loan term. The maximum overall loan term is 30 years. All or any portion of the principal balance may be prepaid without penalty at any time and there is no negative amortization associated with 5/1 MOP loans.

Home Loan Program Manager: Wilson Hardcastle, 415/476-2016



  • As of July 1, 2014, the Faculty Recruitment Allowance Program limit is $62,700.
  • As of September 13, 2013, all MOP requests for recruitments must include a copy of the fully engaged offer letter.
  • As of January 10, 2014 the Interest-Only MOP option will be eliminated, and the maximum loan term wil be 30 years. As of January 1, 2014, there will be an interest cap rate of 10% over the start rate.

UC Office of the President: Office of Loan Progams (OLP)

    University home loans are originated, underwritten, and serviced by the Office of Loan Programs Opens website in new browser window
    Visit this site for loan program and application information.

The Mortgage Origination Program (MOP)

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

Supplemental Home Loan Program (SHLP)

Faculty Recruitment Allowance Program (FRAP)


Note: This page may be bookmarked or forwarded as http://tiny.ucsf.edu/homeloans