Ranch View Terrace Homes

Senate Faculty Home Financing Programs

The University of California and the Santa Cruz campus have developed a variety of faculty mortgage assistance programs

Mortgage Origination Program (MOP)
The Mortgage Origination Program (MOP) was developed by the University of California to support the recruitment and retention of faculty and Senior Managers by assisting them in the purchase of a principal residence near their work location.

MOP provides first deed of trust loans with a one-year adjustable rate based upon an internal University index. The maximum repayment term is 30 years.

Supplemental Home Loan Program (SHLP)
The Supplemental Home Loan Program (SHLP) provides below-market-rate secondary financing to assist eligible faculty members and members of the Senior Management Group in the acquisition of a principal place of residence. This Program may be used in conjunction with the University’s Mortgage Origination Program (MOP) loans or conventional financing to reduce the cash down payment required to as low as five percent.

For more information, please contact Michelle Moreno, UCSC Loan Coordinator, at (831) 460-3046 or email her at

UCSC’s for-sale documents have many restrictions. Hence, many lenders will not be able to finance purchases for on-campus units. If you are currently working with a lender, be sure to ask if they are certain they can finance a loan in accordance with the university restrictions.

Interested Lending Institutions (PDF 11KB).