Wesleyan University Employee Mortgage Program

What is Wesleyan University Employee Mortgage Program?

Wesleyan University Employee Mortgage Program is a grant for homebuyers in Middletown, Connecticut, administered by Wesleyan University (Finance / HR Benefits).

• Revised effective July 1, 2025, this program provides eligible Wesleyan faculty/staff a one-time $20,000 taxable mortgage-assistance benefit toward a primary residence within 50 aerial miles of campus, paid at closing toward down payment, points, taxes, title, and closing costs regardless of income or first-time-buyer status.
• $20,000 toward purchase/closing costs.
• No income or first-time-buyer requirement.
• Covers down payment, points, taxes, title, closing.
• 50-mile radius incl. New Haven and Hartford.
• Funding comes from Wesleyan University (employer-funded; private).

How much assistance does it provide?

Wesleyan University Employee Mortgage Program offers between $20,000 and $20,000 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Wesleyan University (Finance / HR Benefits) determines any individual award.

Do you have to pay it back?

Wesleyan University Employee Mortgage Program is structured as a grant, so it is not repaid.

• Repayment is triggered by Not repayable; one-time taxable benefit paid to lender/closing agent at closing.
• The assistance is recorded in None position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Wesleyan University Employee Mortgage Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Wesleyan University Employee Mortgage Program sets its income limit as follows: No income limit.

• 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?

Wesleyan University Employee Mortgage Program can be used for Single Family and Condo.

Is there eligibility for specific groups?

Wesleyan University Employee Mortgage Program is limited to employees of Wesleyan faculty/staff >=.75 FTE; excludes visiting/retired/temporary/limited-term.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Wesleyan University Employee Mortgage Program serves buyers purchasing in Middletown, Connecticut.

How do you apply?

Applications for Wesleyan University Employee Mortgage Program go through Wesleyan University (Finance / HR Benefits), which publishes the current terms and the application steps on its own site.

1. 1

   Contact Wesleyan University (Finance / HR Benefits) to reserve funds

   Funds are reserved through Request eligibility letter from benefits@wesleyan.edu, 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.