For additional suggestions, please get hold of your university home loan planner

Faqs throughout the the new UC mortgage brokers

Brand new distinctive line of documentation you’ll need for new feedback, recognition and resource away from another UC mortgage software is also known as the borrowed funds origination processes.

Over the past three decades out-of originating MOP money at OLP, we are questioned of a lot questions about the mortgage processes because of the borrowers such oneself. For your convenience, we have gathered a summary of the usually requested inquiries and you can responses and you may divided them with the five classes given that the following.

Program qualifications

1. I’m an effective UC staff and you may will love an excellent MOP loan. Have always been We eligible?

Qualified members off MOP try people in the fresh new Academic Senate (otherwise people that hold a similar label) and members of brand new Elderly Management Category.

After you’ve already been nominated to participate in MOP, the next thing is always to contact your university mortgage coordinator to examine the application guidelines and qualification criteria. Qualifications to participate will not create financing recognition; just be sure to done a fundamental home mortgage application thus your Office regarding Loan Software is process the loan. Your home financing planner can give OLP together with your confirmed eligibility and also the OLP will be sending your a message invite to start the web based app process.