Mortgage Origination Program (Standard MOP)

The Mortgage Origination Program, also known as Standard MOP or 1/1 MOP, is a fully-amortizing first deed of trust loan with a one-year adjustable interest rate based upon an internal University index (MOP Index). The annual interest rate adjustment is capped at 1%, up or down, subject to minimum and maximum interest rates. There is an overall interest rate cap of 10% over the initial interest rate, and a minimum rate of 3.25%.

Current MOP Rate: 3.25 percent
Effective 02/01/2023 to 04/30/2023

NOTE: The initial interest rate for each individual loan will be the Program rate in effect at the time of loan commitment.


The Standard MOP Rate is the most recently available four-quarter average earnings rate of the University of California's Short-Term Investment Pool (STIP), plus an administrative fee of 0.25%, subject to the applicable minimum interest rate. 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:

  February 2023 – April 2023 ................................................ 3.25%
  November 2022 – January 2023 .......................................... 3.25%
  August 2022 – October 2022 .............................................. 3.25%
  May 2022 – July 2022 ........................................................ 3.25%