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

• 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. Eligibility requires that candidates 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 UC home loan program cannot be used for refinancing,

MOP loans must be used to purchase primary places of residence which are single family dwellings (house or condominium).  They cannot be used for second homes, income-generating property, duplexes, or TICs. No funds may be taken out in borrower equity or used for renovations or construction. 

As of March 1, 2019, the maximum loan amount possible under the program is $1.72 million.

The Mortgage Origination Program (MOP) provides first deed of trust variable rate loans with up to a 30-year term; 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%. MOP loan payments are made via payroll deduction.

The calcuated MOP rate is the four-quarter average of the University STIP rate plus a 0.25% servicing fee. While the calculated rate may be lower, the floor rate for the MOP program is 2.75%. For refernce, the MOP rate has been holding at the minimum rate for nearlty a decade.

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 have just started under a temporary appointment or am being recruited to UCSF and have an offer letter but my academic appointment is not yet fully approved.

• I am a new recruit already at UCSF with an appointment in the Ladder Rank, In Residence, or Clinical X series.

 Quick Links 

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 UC home loan program. However, Bank of America and Union Bank offer home loan programs specifically for clinicans and doctors. These programs may be an beneficial option for UCSF clinical faculty. The University makes no endorsements regarding these programs but provides this information as an alternative resource which may benefit clinical faculty. Links to PDFs: Bank of America Doctor Loan Program, Union Bank Doctor Loan Program.


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