Faculty Housing Program can lower your mortgage payments

The Faculty Housing Assistance Program can help you avoid costly private mortgage insurance.

Are you a tenured or tenure-track faculty member at the University of Colorado and planning to purchase a home?  You may qualify for the Faculty Housing Assistance Program (FHAP).

The FHAP is a need-based program designed to recruit and retain faculty from all CU campuses, regardless of the number of years you have worked at CU. For guidelines, application, and contact information.

Program Overview

The Faculty Housing Assistance Program is a financial need-based program designed to:

• Attract and retain faculty by improving the affordability of their primary residence.
• Provide support for new faculty who have very limited access to cost-effective financial capital resources.
• Offer financial housing assistance to tenure and tenure track faculty from all campuses of the University of Colorado

Participating in the FHAP can make housing more affordable by providing a source of financial assistance for a down payment needed to qualify for a loan and potentially avoiding the cost of private mortgage insurance.