UC Home Loan Program Resources: MOP, SHLP, and FRAP

• For loans committed February 1, 2017 or later, the new minimum MOP rate is 2.75%.
• For appointments effective September 1, 2016 or later, the new MOP loan limit is $1.5 million (effective April 1, 2017).
• Schools may offer a Centrally-Funded Supplemental Home Loan with approval from the dean.

• Administrators should download the revised MOP-SHLP Allocation Request Form here.


 Basic Information 

The Mortgage Origination Program (MOP) 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 $1.5 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. At no time will the Standard Rate be less than 2.75% (effective 02/01/17). 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%.

New: For MOP loans committed February 1, 2017 or later, the minimum MOP rate has been lowered to 2.75% For appointments effective September 1, 2016 or later the campus MOP loan limit is $1.5 million.

The Mortgage Origination Program is a pre-approval program and candidates must have a pre-approval certificate before placing offers if they would like to utilize University financing.

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.

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


What is the process? How long does this typically take?

I'm being recruited to UCSF and will be supported for participation in the MOP program.

I am a new recruit currently at UCSF and in an Academic Senate series.

 Quick Links 

For Candidates:

Introduction to the program and process for new recruits (and notes for pending recruits).

• What are the steps in this process?
    - I have been appointed to an Academic Senate series within the past two years.
    - I have signed an offer letter and would like to start this process early.

• What can I afford and how much can I borrow?
     Use the MOP Estimating Calculator. (The current maximum loan amount is $1 million. For new requests for appointments effective 09/01/16 or later the loan limit is $1.5 million.)

For Administrators:

• UCSF Requirements and Procedures for the Mortgage Origination Program

• UCSF Requirements and Procedures for the Supplemental Home Loan Program

• MOP/SHLP Allocation Request Form

• Instructions for requesting MOP participation before a candidate's appointment is fully approved
     (The Every Expectation Letter)

• What are the steps in this process? For faculty already appointed and for those with an offer letter.

• FRAP Exceptions

The MOP Process, the Department, and HR Shared Services

UC Office of the President: Office of Loan Programs (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 more loan program and application information.

The Mortgage Origination Program (MOP)

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

Supplemental Home Loan Program (SHLP) and the
Centrally-Funded Supplemental Home Loan Program (CF-SHLP)

Faculty Recruitment Allowance Program (FRAP)

Other Resources

    General Mortgage Payment Calculator from Bankrate.com

    Heath Sciences Clinical Professors are not eligible to participate in the MOP program. However, Bank of America has a Doctor Loan Program which may be an affordable option for clinicians. The University makes no endorsements or recommendations regarding the Bank of America Doctor Loan Program but provides this contact information as an alternative resource.


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