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Employee Mortgages

This Program was established by the University to assist eligible employees in the purchase a home in the Princeton area. The Program provides first mortgage loans at below market rates for the purchase of single family homes to be used as the eligible employee's principal residence. Eligibility is determined by the Real Estate Department, who manage the Program. Detail information is found on their website.

Once a closing is schedule, the Loans and Receivables Department is responsible for the creation of the loan account, and for administering collection through payroll deductions. Loans and Receivables is also responsible for tax reporting and for maintaining mortgage documentation.