Mortgage Origination Program (MOP)

The Mortgage Origination Program provides first deed of trust variable rate loans with up to 30-year terms at maximum amounts of 80 percent to 90 percent of value, depending upon loan size. MOP has a 1-year adjustable interest rate (Standard Rate) with a maximum annual adjustment of one percent, up or down. For loans made on or after January 1, 2014, there is an interest rate cap of 10 percent over the starting interest rate. For loans approved on or after August 1, 2019, the minimum interest rate is 3.25 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: 3.25 percent
(Effective November 1, 2019 - January 31, 2020)

Effective August 1, 2019, the new minimum MOP Interest Rate is 3.25 percent.


The MOP provides an initial interest rate equal to the most recent four quarter average earnings rate of the University's Short-Term Investment Pool (STIP) plus an administrative fee of 0.25 percent, subject to the applicable minimum interest rate. This calculation is included in the rate shown in the table 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:

  November 2019 – January 2020 .................................................... 3.25%
  August 2019 – October 2019 ......................................................... 3.25%
  May 2019 – July 2019 .................................................................. 2.75%
  February 2019 – April 2019 ........................................................... 2.75%