Mortgage Origination Program (MOP)

The Mortgage Origination Program provides first deed of trust variable rate loans with up to 40-year terms at maximum amounts of 80 percent to 90 percent of value, depending upon loan size. The maximum annual adjustment of the interest rate for a loan, upwards or downwards, is one percent. There is no overall cap on the Standard Rate. At no time will the Standard Rate be less than 3 percent. Eligibility for MOP participation is generally restricted to qualified applicants who are purchasing a home in the campus area for the first time.

Current MOP rate

Mortgage Origination Program Interest Rate: 3.00 percent
(Effective May 2013 - July 2013)

The MOP provides an initial rate equal to the most recent four quarter average rate of return of the University's Short-Term Investment Pool (STIP) plus an administrative fee of 0.25 percent, which is included in the rate shown below. STIP was established in fiscal 1976 and is an interest-only cash investment pool in which all University fund groups participate, including current funds earmarked to meet payrolls, operating expenses, and construction at all campuses and teaching hospitals of the University.

Listed below are the MOP rates in effect for the most recent four quarters:

	August 2012 – October 2012 ..........................................................	3.00%
	November 2012 – January 2013 .....................................................	3.00%
	February 2013 – April 2013 ............................................................	3.00%
	May 2013 – July 2013 .....................................................................	3.00%