UNIVERSITY OF CALIFORNIA MORTGAGE ORIGINATION PROGRAM (MOP)
MOP LOAN CALCULATOR
 

This calculator is provided as a tool for potential applicants to determine whether they would meet the minimum requirements for a University of California Mortgage Origination Program loan. The key program parameters are:

 
  • Applicants must be members of the Academic Senate or Senior Management Group
  • The ratio of all secured monthly mortgage payments (principal + interest) to total verified monthly household income may not exceed 40% (P&I/Income Ratio). If you are receiving secondary financing, this ratio is called the Combined P&I/Income ratio.
  • The ratio of all monthly debt obligations (housing and non-housing debt) to total verified monthly household income may not exceed 48% (Overall Debt/Income Ratio).
  • Maximum loan-to-value ratios (LTV) are as follows:
    - For MOP loans <= $1,430,000*, maximum LTV is 90%
    - For MOP loans > $1,430,000*, maximum LTV is 80%
* Loans greater than $1,430,000 require additional campus and systemwide approvals.

These parameters indicate the generally allowed factors, however, each loan application is separately reviewed and a pre-approval or final loan approval may be based upon more restricted parameters. Output from this calculator is based on "estimates only" for informational purposes and does not constitute a pre-qualification.

 
Name:
Enter Location:
Purchase County
Select purchase city, if listed. The listed cities have a transfer tax generally paid by the purchaser. If city is not listed, click on Select a City before moving to next field.
County/City Purchase Location:
Total Monthly Income:
$
Purchase or Refi
Enter Purchase Price (for purchase) or Estimated Value (for refinance)
Loan Amount
$
Loan Term (# of months)
Select Loan Type
Loan Interest Rate
%
Secondary Financing - loan amount
$
Secondary Financing - estimated monthly payment
$
Supplemental Home Loan Program
 
Monthly Homeowner Association Fees
$
Monthly Ground Lease (Rent)
$
Other Monthly Debt Payments (i.e. Mortgage pmts on real estate owned property, installment loans, credit card debts, etc.)
$
Property Type



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