Faculty home

Through the Standard Mortgage Program (SMP), the University offers favorable mortgage rates and terms to eligible faculty and staff to help members of the campus community purchase homes within a nine-mile radius of Nassau Hall or within the city of Trenton.

The SMP is managed by the Office of University Mortgage Services, which is available to assist faculty and staff interested in purchasing a home in the Princeton area. 

Princeton University employees may learn about local property listings by working with area real estate brokers.

Office of Finance & Treasury - Standard Mortgage Program

Office of University Mortgage Services

Princeton University Homeownership Program Eligibility

Employees in term positions in the ranks listed below will not normally be eligible to participate in the programs.

Faculty (three-year appointments or longer)
SMP*TIC*PFRPP*

Professor

XXX

Associate Professor

XXX

Assistant Professor

X  

Lecturer with rank of Professor

X  

Senior Lecturer

X  

On-campus research and specialist staff
(three-year appointments or longer)

SMPTICPFRPP

Senior Research Scholar

XXX

Research Scholar

X  

Senior Professional Specialist

XXX

Professional Specialist

X  
On-campus administrative and professional staffSMPTICPFRPP

ADM 10+

XXX

ADM 08-09

X  

Head Coach

X  

AIT 05

XXX

AIT 04

X  
Library (three-year appointments or longer)SMPTICPFRPP

Senior Librarian

XXX

Librarian

X  

Librarian III

X  

Associate Librarian

X  
Princeton Plasma Physics Lab (PPPL)SMPTICPFRPP

ADX

XXX

ADM 11+

XXX

ADM 08-10

X  

ENG 10

XXX

ENG 08-09

X  

RES 06

XXX

RES 03-05

X
*SMP - Standard Mortgage Program
*TIC - Tenancy In Common
*PFRPP - Princeton Faculty Residential Purchase Plan