1 Make an Appointment

Contact Faculty Staff Housing for an affordability appointment. We will explain the programs for which you are eligible, take down some financial information, and run a model that shows how much of a house you can afford using all or some of Stanford’s programs based on assumptions you provide.

2 Get Pre-Approved

Before you have identified a house to purchase, complete and make an appointment to submit a pre-approval loan application package to Faculty Staff Housing.

3 Make an Offer

Using the pre-approval letters that you have obtained from Stanford and a commercial lender, you may make an offer to purchase a home. If you are making an offer on a campus home, you must use Stanford’s contract document available at purchase contract documents. If you are using a real estate professional, work with him/her to complete this process.

View Stanford's Contract Documents

These forms are required for all purchases of campus homes

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4 Complete Your Financing

When your offer is accepted, you will need to complete your loan approval. Once you submit a copy of the fully executed purchase contract to Faculty Staff Housing, we will request required disclosures, inspection reports, and further documentation that you will need to provide. 

5 Sign Documents

Please sign documents at Faculty Staff Housing. You will also need an appointment at the title company to sign additional documents. At this time, the title company will inform you of the exact amount of funds which will be required to complete your transaction.

6 Deposit Funds

You will need a cashier's check or wire transfer to deposit funds for the down payment and closing costs in the amount specified by the title company. Deposit this amount at the title company on the business day before the close of escrow.

7 Take Possession

The title company will record documents and disburse funds on the close of escrow date. Make arrangements with the seller to transfer keys and take possession of your new home.

Schedule an Appointment

We're available by phone or email. You can expect a response to a message or email within 24 hours.

 

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FAQs

FAQs for Buyers

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Frequently Asked Questions

1. What is the best way to contact Faculty Staff Housing?

Faculty Staff Housing is available by phone at 650-725-6893.  You can expect a response to a message or email within 24 hours.

2. What housing programs are available for eligible faculty?

There are five financial programs available to eligible faculty who meet defined eligibility criteria and who do not own a home in the qualifying area:

Programs may be used alone or in combination (loans must be used in a specific order) with other programs and can be used to purchase a campus or off-campus home. Staff at Faculty Staff Housing are available by appointment to explain the programs and calculate how much of a house you can afford using all the programs. Please refer to the purchase process for more information.

3. What housing programs are available for newly tenured faculty?

Effective July 1, 2006, new programs are available to certain eligible faculty members who were promoted on or after September 1, 2004. More information is available at Programs for Newly Tenured Faculty.

4. What housing programs are available for eligible staff?

Executive staff at the N11, N99, O, and P levels who meet defined eligibility criteria are eligible for certain housing purchase programs. Refer to the Housing Purchase Programs Eligibility Criteria document for more information.
All staff levels are eligible for certain rental housing programs. Refer to the Rental Housing Programs Eligibility Criteria document for more information.

5. What housing programs are available for new Clinician Educators?

Certain Clinical Assistant Professors, Clinical Associate Professors, and Clinical Professors who meet the CE eligibility may qualify for the CE Programs. More information is available at Clinician Educator Programs.

6. Can I use all the programs? Can I use only one or two?

Subject to eligibility, the Housing Allowance Program (HAP), Mortgage Assistance Program (MAP), Deferred Interest Program (DIP), and Zero Interest Program (ZIP) can be used alone or in combination to purchase a campus or off-campus home. The loans, however, must be used in a specific order. Please refer to the purchase process for more information.

7. How do I know how much of a house I can afford?

Staff at the Faculty Staff Housing are available by appointment for faculty and staff who meet the eligibility criteria to explain the programs, collect financial information from you, and calculate how much of a house you can afford using all the programs.  Please refer to the purchase process for more information. Stanford does not give financial, legal, or tax advice.

8. How do I find a place to rent?

Please refer to our rental resources. Apartments and houses managed by Faculty Staff Housing as well as other resources are listed. Contact each site directly for availability and rates.

9. How do I see what campus homes are available for sale?

Homes For Sale is a listing of Campus homes for sale.

10. Where can I get information about buying a house on-campus?

Information about on-campus leases is available on our Ground Lease-Holders web page. You may also wish to read the On-Campus Disclosure which describes some of the issues to consider when purchasing on-campus. You can view homes for sale at Homes For Sale.   Forms and instructions for making an offer on a campus home are available at Purchase Contract Documents.

FSH announces Homekey to assist with the purchase of a Stanford Non-Restricted Ground Leased property.

11. Do I need to use a real estate agent to purchase a house on-campus?

No. A buyer may choose to buy a campus home with or without an agent. Faculty Staff Housing cannot act as an agent, so it is recommended a buyer be represented by their own real estate agent for their purchase transaction. A buyer and their agent should agree to compensation terms separately from the seller's and their agent(s).

If you elect for someone other than the owner to create and manage your home for sale listing, complete and submit the Delegation of Authority fillable form.

FSH announces Homekey to assist with the purchase of a Stanford Non-Restricted Ground Leased property.

12. Can Faculty Staff Housing show me available homes to buy?

Faculty Staff Housing will provide a showing of a University owned home listed for sale by appointment only.  Buyers interested in a home listed for sale by owner need to contact the sellers or their real estate agent directly to make arrangements to tour houses.  A buyer may wish to hire an agent to make these arrangements.  Faculty Staff Housing cannot act as an agent.

13. Can Faculty Staff Housing help with moving companies, realtors, and relocation assistance?

Faculty Staff Housing does not provide information on local Realtors, moving companies, or relocation assistance.

Homekey may provide resources for these services.

14. What is Ebix BPO?

All new homebuyers must have insurance on the home they purchase before the transaction can be completed. Loans and the on-campus leases require that insurance be maintained during the term. The loans and on-campus lease require that Stanford be notified of the type and terms of the insurance. The University has contracted with Ebix BPO to assist in tracking and monitoring insurance information for all outstanding loans and all current leases.

The University provided Ebix BPO with the current insurance information on file. Ebix BPO will review the information for compliance and contact the insurance agent with questions or for additional information. Ebix may contact the borrower or lessee directly if a policy has lapsed or if no information is on file.