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Eligibility
- Employees in staff positions who receive benefits from Stanford
- May not be available in conjunction with other Stanford housing programs
Geographic regions where Landed operates
- Review a list of the regions where Landed is available, both within the Bay Area, in California, and in areas across the nation
Northern CA
Program highlights
Down-payment support through Landed:
- Stanford staff can receive funding for down-payment support to purchase a home
- Add the support from Landed to a personal down-payment contribution, for a combined 20% down
- In exchange for the down-payment support, Landed shares in the equity gain (or depreciation loss) at the time the home is sold or refinanced, or when the mortgage term ends
- When prospective homeowners have a 20% down payment, they typically qualify for lower mortgage interest rates and avoid costly Private Mortgage Insurance (PMI) that lenders often apply to home loans with less than 20% down
- The program accelerates the timeline to home-ownership, enabling Stanford staff to benefit from tax deductions not available to renters
- The down-payment support from Landed is not a loan, so it does not add to an employee’s debt and there are no monthly payments
- The program supports the purchase of a primary residence
- The program is not limited to first-time home-buyers
Education and financial counseling regarding home buying:
- Webinars and support to understand home buying options, such as how to make an offer, what contingencies are, how to close on your home, and more
Stanford/Landed Statistics as of May 2022:
- 2,289 employees have engaged with Landed
- 513 Calls with Landed
- 150 Employees on-boarded with Landed
- 41 Home Buyers