Purchase Program

Registration Form – Second Lottery

INTEREST LIST

There is a second random-number drawing (lottery) for the remaining homes that were not reserved in the first lottery held last year. In order to participate in the lottery, all faculty eligible to purchase a University Terrace home must complete and submit a registration form (interest list application). Faculty couples with dual eligibility may apply individually. Those first lottery participants who have reserved a single-family home are not eligible to participate in the second lottery. Those first lottery participants who have reserved a condominium home are eligible to participate in the second lottery if they are interested in a larger home. To find out what is available, call or visit the Information Center or go to the Interactive Map in The Community section of this website. All participants will be notified after the interest list application has been submitted and will receive a unique identifier. Interest List submissions are neither a guarantee of eligibility nor qualification to purchase. No priority will be given based on the timing of the submission. All entries will be verified by FSH and eligible participants will be notified when their application has been accepted. Applicants may withdraw from consideration prior to the lottery.

Registration for the interest list closed on May 19, 2017. The lottery results will be posted on May 26, 2017. More information regarding the purchase process is available here.

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Purchase Programsteps to home ownership

Roadmap to Homeownership at University Terrace
Summer 2017 to Early 2019

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April 24, 2017

Second Lottery Interest List Opens to Eligible Faculty on the University Terrace Website.

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Information Center

Information Center

Drell House:

556 O’Connor Lane

Hours: Monday - Friday

10:00 am – 6:00 pm

650-724-7262

Site Map – Interactive Demonstrations – Display of home finishes

Purchase Consultants available for assistance

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April 24th - May 19th, 2017

Register for interest list

Complete and Submit Interest List Application.

Unique Identifier

Must apply on the website no
later than 4:59pm Friday, May 19, 2017, PDT to receive your Unique Identifier.

 Eligible Faculty

Must be Eligible faculty.

Contact FSH for financing options and affordability

Contact Faculty Staff Housing (FSH)
for affordability and financing options.

You may apply at any time during the period that the Interest List is open, until May 19, 2017. No priority will be given based on timing of the registration for the interest list.

  • In order to participate in the lottery, Eligible faculty must make an appointment with a Purchase Consultant at the Information Center to review the purchase process and details of the homes.
  • All participants will be notified by email when the interest list application has been received.
  • All lottery entries will be verified by FSH and participants will be notified by email of their eligibility status.
  • Faculty Couples with dual eligibility may apply individually.
  • Applications are neither a guarantee of eligibility nor qualification to purchase.
  • Applicants may withdraw from the interest list at any time prior to the lottery.
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May 26th, 2017

Second Lottery

The results of the random number drawing will be posted on the University Terrace website.

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Beginning June 5th, 2017

Home Selection

Home Selection Appointment with Purchase Consultants at Information Center.

 Condominium Homes

Condominium Homes

Single Family Homes

Single Family Homes

  • Selection appointments will be assigned in order of the lottery results.
  • Faculty may make their site selection in person, via phone, via email, or through a delegated proxy.
  • Reservation deposit of $1,000 will be required at the time of home selection. This is fully refundable.
  • The University Terrace website will be updated dynamically with the homes available for purchase during the home selection process.
  • Homes will be released for occupancy in multiple phases starting 2017.
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Contracts & Disclosure Appointments

Unique Identifier

Purchase contracts, community disclosures, and other documents will be available after home selections.

 Eligible Faculty

Purchase Consultants will be coordinating contract signing appointments by phase.

Contact FSH for financing options and affordability

A contract deposit of $4,000
will be required.

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Financing

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APPOINTMENT

Schedule an appointment with FSH to initiate your loan approval process to prepare for the close of escrow on your new home.

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Home WalkThrough

The Purchase Consultants will be coordinating your final home walkthrough approximately 5-10 days before you close escrow.

home walkthrough
home walkthrough foot-prints
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Close of Escrow

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Loan appointment

FSH will be coordinating appointments for lease and loan documents to be signed approximately one (1) week before you close escrow.

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escrow appointment

The title company will provide an estimated closing statement that includes the amount you will need to pay one (1) day before the projected close of escrow. The funds must be sent via a wire transfer or cashier's check to the title company.

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Move In. Welcome Home!

The home is now yours, arrangements will be made for you to pick up your keys.

Move In Welcome Home