½ûÂþÌìÌà offers a Faculty Home Loan Program for tenure-track and co-terminous faculty. The Faculty Home Loan Program is described in its entirety in the Faculty Handbook. The basic requirements and benefits of the program are described below.
Borrow Eligibility
Tenure-track and co-terminous faculty are eligible for the program immediately after signing a multi-year contract with ½ûÂþÌìÌÃ.
Property Requirements
- Geographic Requirement: The property financed must be located within a 5 mile radius of ½ûÂþÌìÌÃ.
- Valuation: The value of the property must be substantiated by comparable sales and approved by the Director of Real Property.
- Improvements: This program is for the acquisition of single family residences only. Income properties do not qualify for this program.
Terms of Financing
For maximum loan amounts, minimum down payments, interest rates, and amortization details, please reference the faculty handbook.
Additional Information
Contact the Director of Real Property for additional information and assistance regarding the home buying process including:
- Initial research and previewing properties
- Finding a local Realtor
- Evaluating properties
- Making an offer
- Escrow process
Contact Us
Assistant to the Director of Real Property; Residential Manager