Clinician Educator Housing
Purchase Programs

• Clinician Educator Purchase Program Summary
  
  
• The Clinician Educator Deferred Interest Program (CE-DIP) is a non-amortizing zero current interest mortgage loan with a deferred interest feature. A CE-DIP loan is for the purchase of a qualifying residence. This program is administered by Stanford University Faculty Staff Housing (FSH).
  
  
• The Clinician Educator Reduced Interest Program (CE-RIP) is an interest only loan with a low or zero interest rate. There are low or no interest payments and no principal payments until the loan is due. CE-RIP has a 30 year loan term.
  
  
• The Clinician Educator Zero Interest Program (CE-ZIP) is a non-amortizing mortgage loan with no payments until the principal is due. The CE-ZIP loan may have a forgivable feature. This program can only be used in combination with the maximum amount of a Clinician Educator Deferred Interest Program (CE-DIP) loan to purchase a qualifying residence. This program is administered by Stanford University Faculty Staff Housing (FSH).
  
  
• The Clinician Educator Housing Allowance Supplement (CE-HAS) is a taxable fringe benefit that provides additional compensation for first time home buyers within the local area. To apply for CE-HAS, complete the CE-HAS application form. Return both the signed original application form and initialed attachment to FSH. Faxes will not be accepted. This program is administered by Stanford University Faculty Staff Housing (FSH).
  
  
• The Clinician Educator - Arranged Mortgage (CE-AM) program is administered by the Stanford Federal Credit Union. The payments on the CE-AM are fixed at interest only for the first 5 years and adjust to both principal and interest in years 6 through 20 with a balloon payment due in year 20. More information is available at https://www.sfcu.org/loans-and-credit-cards/home-loans/ceam.

Eligibility- All of the following criteria must be met:

1. Stanford University employees who are Clinician Educators appointed as a: Clinical Assistant Professor, Clinical Associate Professor, or Clinical Professor; and
2. Are appointed for a term of three years or more with the possibility of reappointment; and
3. At the time of a formal offer of employment with Stanford University, do not own a residential property located within the area described as (Qualifying Area); and
4. Are buyers whose inital appointment as a Clinician Educator or whose promotion within the Clinician Educator line began on or after July 1, 2004; and
5. Are buyers who are employed at seventy-five percent (75%) time or greater; and
6. Are considered benefits eligible Stanford University employees.


Note: Clinical Instructors, Affiliated Clinician Educators, Adjunct Clinician Educators, Clinician Educators who have courtesy appointments, and Clinician Educators who have temporary appointments while awaiting an appointment as a professor in the MCL line are not eligible for this program.

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