UC Systemwide Mortgage Origination Program (UC MOP)

What is UC Systemwide Mortgage Origination Program (UC MOP)?

UC Systemwide Mortgage Origination Program (UC MOP) is a grant for homebuyers in California.

• UC Mortgage Origination Program (UC MOP) provides below-market-rate first mortgages to eligible UC faculty and staff. Available at all 10 UC campuses statewide.
• Up to 100.0% of purchase price in assistance.
• Funding comes from UC Employer.

How much assistance does it provide?

UC Systemwide Mortgage Origination Program (UC MOP) provides assistance worth 100% of the purchase price, as set by the program.

• The program asks buyers to contribute 3% of purchase price (borrower minimum).
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

UC Systemwide Mortgage Origination Program (UC MOP) is structured as a grant, so it is not repaid.

• Repayment is triggered by Termination of UC employment or sale.
• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

UC Systemwide Mortgage Origination Program (UC MOP) is open to buyers who will live in the home as their primary residence.

What are the income limits?

UC Systemwide Mortgage Origination Program (UC MOP) sets its income limit as follows: Contact program provider for current income limits.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

UC Systemwide Mortgage Origination Program (UC MOP) caps the purchase price at $2.5M.

• Eligible property types include Single-family (1-2 unit), conventional condominium, townhome, PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

UC Systemwide Mortgage Origination Program (UC MOP) serves buyers purchasing anywhere in California.

How do you apply?

Applications for UC Systemwide Mortgage Origination Program (UC MOP) go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.