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| University of California loan programs support the University's mission by facilitating the recruitment and retention of Faculty and Senior Managers, by assisting them in the purchase of a principal residence near the University's campuses. | |
| Who is Eligible for Loans | |
|
Eligible participants are those who
are members in the Academic Senate, or in
the Senior Management Group. In addition to being eligible, one must
also be nominated to participate in
the program, and meet the financial qualifications
for the requested mortgage product. Each campus designates individuals
eligible for participation in the loan program via written nomination
by authorized University officials, such as deans, provosts, and
senior executives.
The University has limited funds available to make home loans to eligible participants. Whether departments are currently participating in loan programs is dependent on many factors. See your area's chief academic or administrative officer to determine whether your department is currently participating in the loan program and to discuss issues of nomination. |
|
| Help With Loan Calculations | |
| The UCLA Loan Programs office can help with questions such as "How much will the payment be on a house with a particular price?", or "What price house can I afford?" Contact the UCLA Loan Programs office at (310) 794-2649. | |
| Mortgage Origination Program Loan (MOP LOAN) | |
|
This is an adjustable rate loan, with no loan fees (however normal closing costs are charged).
For an overview of the MOP loan program, or to review a chart
showing MOP interest rates as compared to conventional interest rates, click here: To review historical MOP interest rates, click here: If you already have a MOP loan, click here for Frequent Asked Questions regarding servicing of your loan: http://www.ucop.edu/facil/olp/faq.html |
|
| Supplemental Home Loan Program | |
| This program allows departments who have the discretionary funds for loans to authorize and fund home loans for Academic Senate members or Senior Management Group members. See your supervisor about whether your department is participating in this program. If they are able to authorize you to apply for a loan, a letter will be provided by them, and you will then contact the UCLA Loan Office to receive a loan application. | |
| How to Request a Loan | |
| If you are eligible for a loan (are an Academic Senate or Senior Management Group member) and are interested in getting a home loan, speak to your department head to see if loans are currently available and whether one could be authorized for you. Upon receiving a letter authorizing you to apply for a home loan, contact the UCLA Loan Office to request a loan application. | |
| Home Loans for Staff | |
| There are currently no university home loans for non-eligible
staff. The University of California has an agreement with the North American Mortgage
Company (NAMC) to make available mortgage services and products to all University
employees at a discount. For information: http://www.loan-uc.com/ |
|
| UCLA Loan Office Contact | |
| Contact UCLA's Loan Office for more information: 10920 Wilshire Blvd., Suite 810 Los Angeles, CA 90024 campus mail code: 146848 phone: (310) 794-2649 fax: (310) 794-6247 email: loan@be.ucla.edu |
|
| Important Notice | |
| Nothing on this site or in the documents it contains should be construed as an offer or commitment of any kind. Programs and eligibility requirements are subject to change or discontinuation without notice at the University's sole discretion. | |
| [back to top] |
Comments or
suggestions? |
|
Last updated 06/25/01 |
|
