The eligible population for the program is full-time University appointees who are members of the Academic Senate or who hold equivalent titles and Acting Assistant Professors. The program is further limited to those persons within two years of their appointment to an eligible rank who did not own their principal residence within a reasonable distance of campus on or after their appointment date. In addition to providing the direct lending services for MOP, the Office provides policy oversight and consultations to campus personnel regarding individual loan applications as well as financial analysis and consultations for individual borrowers to assist them in making decisions regarding loan qualifications. The products include all loan types normally offered to members of the general public with fees reduced by one-half percent from those normally charged. Services include phone applications, free pre-qualification and cost estimates, and answers to employee questions regarding loan products and processes.
Special programs are also available to assist first-time buyers.