East Neighborhood Guaranteed Mortgage Program

George is Keeping an Eye You Photo by peasnap via FlickrSyracuse University East Neighborhood Guaranteed Mortgage Program is available to Syracuse University faculty and staff purchasing a house in the East or Outer Comstock Neighborhoods. Applications are available from the Syracuse University Real Estate Services Office at 315-443-2104.Applicants must meet the following criteria:

  • Only single and two family houses are eligible. Multi-family and commercial buildings are not eligible.
  • Full-time and regular part-time faculty and staff are eligible. Temporary faculty and staff, grad assistants and students are not eligible.
  • Buyer agrees to live in the home as principal residence. If buyer decides to sell, rent, or move out, the mortgage must be refinanced through another mortgage program.
  • Buyer meets all customary lending criteria established by the lending institution. The decision to grant a loan rests solely with the lending institution.
  • Buyer must fill out an application and eligibility form. This form is reviewed by the Syracuse University Real Estate Services Office, the Office of Human Resources, and the Senior Vice President for Business and Finance. If the application is approved, the buyer then submits the form to the lending institution, which processes the mortgage application under the East Neighborhood Guaranteed Mortgage Program.

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  1. While we’re discussing things related to Syracuse University East Neighborhood Guaranteed Mortgage Program | Central New York Real Estate Blog, In your letter, clearly state that you have crunched the numbers and will be able to meet your mortgage payments, along with your other commitments.

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