Wesleyan Mortgage Program

Wesleyan provides first mortgage assistance on residential properties for the purpose of supporting and encouraging faculty on at least three-quarters time appointments (excluding visitors and retired staff), staff, and professional librarians, to secure home ownership within reasonable commuting distance of the campus, subject to the conditions set forth below. The mortgaged residence must be within a 25 aerial mile radius of the campus.

Read the details of the Wesleyan Mortgage Program

Wesleyan Incentive for a Sustainable Campus:

Wesleyan provides first mortgage assistance on residential properties for the purpose of supporting and encouraging faculty and staff to secure home ownership within reasonable commuting distance of the campus.  

Mortgage assistance can be used for expenses directly related to the mortgage and closing costs for the purchase of the home.  This includes down payment, discount points (to lower the mortgage rate), real estate taxes, title policies, mortgage interest and insurance premiums required to be paid at closing.  

Sustainability Incentive Program:

A sustainable campus is important to Wesleyan and the environment. Increasing the number of faculty and staff who reside in the Wesleyan neighborhood and can walk to work will promote sustainability and improve the campus experience for all. To encourage Wesleyan faculty and staff to live on campus, a sustainable incentive program is available for homes for sale by Wesleyan.

The home purchased must be the primary residence of the faculty or staff member, as defined by the IRS, for at least the two year period following the purchase. Wesleyan will provide a $10,000 price reduction, to eligible faculty or staff, who purchase a Wesleyan home. Any mortgage may be used to finance the purchase.