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.

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

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.

UC Systemwide Mortgage Origination Program (UC MOP) is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 680 FICO score required for all borrowers. Residency requirement: Must occupy as primary residence near UC campus. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.

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.

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.

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

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. Funds are reserved through Contact provider directly; subject to funding availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.