Staff Home Purchase Assistance Program

Learn more

• View a brief overview video (1:31)

• At any time, access the Stanford webpage on the Landed website to sign up for more information
• • An info session recorded in English is available here.
  • An info session recorded in Mandarin is available here. 
  • An info session recorded in Spanish is available here.

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

• San Francisco - Oakland - Hayward - includes counties of San Francisco, Marin, Alameda, San Mateo, and Contra Costa
• San Jose - Santa Clara - Sunnyvale  - includes the county of Santa Clara
• Santa Cruz - Watsonville - includes the county of Santa Cruz
• Sacramento - Roseville - Folsom - includes counties of Sacramento and Yolo

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 homeownership, 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 homebuyers
• 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 from April 2021 - October 2021:
  • 18 Home Buyers as of October 2021
  • 101 Employees onboarded with Landed
  • 432 calls with Landed
  • 2,085 employees have engaged with Landed.