Faq’s on the brand new UC lenders
Brand new distinct documentation required for the opinion, recognition and you may capital regarding an alternative UC mortgage software program is often referred to as the borrowed funds origination techniques.
For the past thirty years away from originating MOP fund only at OLP, we are asked of several questions regarding the mortgage processes by consumers instance your self. For your convenience, i have accumulated a summary of all of our oftentimes expected questions and you will responses and split him or her with the five groups while the listed below.
Program qualifications
- I am an excellent UC staff member and will love an excellent MOP mortgage. In the morning We qualified?
Eligible professionals out-of MOP are members of the new Educational Senate (or people that hold the same identity) and people in brand new Elder Government Group.
After you have started selected to sign up MOP, the next step will be to contact your university mortgage planner to examine the application guidance and qualification standards. Eligibility to become listed on will not make-up mortgage acceptance; try to over a basic home loan application thus the Work environment regarding Mortgage Programs can be techniques your loan. Your home financing planner can give OLP together with your verified qualifications therefore the OLP will be sending your a message receive to begin with the internet software techniques. Look for Writeup on the borrowed funds procedure for more information.
Before you apply
- I’ve not yet removed an excellent MOP loan. Who do We contact to own standard suggestions and you may questions regarding your own properties? Continue reading