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

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, 2020, the maximum loan amount possible under the program is $1.79 million.*
For loans funded on or after August 1, 2019, the minimum MOP rate will be 3.25%.

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 3.25%. 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 3.25%. 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.

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.

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 or am in a temporary appointmentand would like to start this process early.

• What can I afford and how much can I borrow?
     Use the MOP Estimating Calculator.

For Administrators:

• MOP/SHLP Allocation Request Form
  Request should be sumitted to
  Dentistry: Maria Rina Simon
  Medicine: Amy Friedli
  Nursing/Pharmacy: Diana Koeplin

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

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

• FRAP Exceptions

• UCSF Requirements and Procedures for the Mortgage Origination Program (MOP)

• UCSF Requirements and Procedures for the Supplemental Home Loan Program (SHLP)

• The MOP Process, the Department, and HR Shared Services