eligibility criteria

A. Eligible Employees:

Washington University eligible employees must meet all of the following criteria:

  1. Full-time employees or part-time employees working 20 or more hours per week of Washington University in good standing. Graduate students and fellows are not eligible.
  2. Purchasing an eligible property as described herein.
  3. Employee can use this benefit only once. The benefit cannot be combined with another employee’s benefit on a single home purchase.
  4. Eligible employees must qualify for a mortgage through a participating approved lender (see Approved Lenders List).
  5. First time home buyers must participate in a first time home buying counseling program selected by the program administrator.
  6. Must not be a “disqualified person” of Washington University within the meaning of Section 4958 of the Internal Revenue Code, as determined by the Controller of the University in his or her discretion. In general, a “disqualified person” includes a trustee, officer, or any other employee who is or was at any time during the previous five (5) years in a position to exercise substantial influence over the affairs of Washington University as well as his or her family members.

BJC HeathCare eligbile employees must meet all the following criteria:

  1. Benefits eligible employee, whose primary job is on the Washington University Medical Campus:
  2. Full-time employees or part-time employees working 24 or more hours per week .
  3. Purchasing an eligible property as described herein.
  4. Employee can use this benefit only once. The benefit cannot be combined with another employee’s benefit on a single home purchase.
  5. Eligible employees must qualify for a mortgage through a participating approved lender (see Approved Lenders List).
  6. First time home buyers must participate in a first time home buying counseling program selected by the program administrator.
  7. Must not be a “disqualified person” of BJC HealthCare. In general, a“disqualified person” includes a trustee, officer, or any other employee, or family member of such employee, who is or was any time during the previous five years in a position to exercise substantial influence of the affairs of BJC HealthCare.
  8. Must not be contingent workers, secondary positions, PRN or persons of interest.

B. Eligible Properties:
i. They must be 1-4 family buildings. Condominiums are eligible
ii. They must be the primary residence of the purchasing employee
iii. The home must be located in one of the Approved Neighborhoods (see Eligible Neighborhoods List)

 

Note: All decisions made by the Program Administrator are final.