Featured Image Description 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. Homeownership Program Eligibility 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 X X X Associate Professor X X X Assistant Professor X Lecturer with rank of Professor X Senior Lecturer X On-campus research and specialist staff (three-year appointments or longer) SMP TIC PFRPP Senior Research Scholar X X X Research Scholar X Senior Professional Specialist X X X Professional Specialist X On-campus administrative and professional staff SMP TIC PFRPP ADM 10+ X X X ADM 08-09 X Head Coach X AIT 05 X X X AIT 04 X Library (three-year appointments or longer) SMP TIC PFRPP Senior Librarian X X X Librarian X Librarian III X Associate Librarian X Princeton Plasma Physics Lab (PPPL) SMP TIC PFRPP ADX X X X ADM 11+ X X X ADM 08-10 X ENG 10 X X X ENG 08-09 X RES 06 X X X RES 03-05 X *SMP - Standard Mortgage Program *TIC - Tenancy In Common *PFRPP - Princeton Faculty Residential Purchase Plan Home Ownership Programs Princeton Faculty Residential Purchase Plan Standard Mortgage Program Tenancy-In-Common Program External Lending Options Related links Office of Finance & Treasury - Standard Mortgage Program Office of Finance & Treasury - Eligibility Map
