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
|
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 |
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