The Employee Down Payment Assistance Program is an employee benefit open to all regular County and Housing Authority employees who do not currently own a home in San Mateo County. Eligibility includes full-time, permanent employment with the County or Housing Authority for at least 18 months, regardless of income.

The program is designed to encourage employees to live within the County, decreasing the environmental impact and the physical/emotional effects of a long commute.

The program offers a $100,000 down payment assistance loan towards the purchase of a home in San Mateo County. The loan is deferred for the first, five years, amortized for 30 years at three percent interest. The County also offers a $5,000 grant, to awardees, for those moving to San Mateo County from outside the County, to help cover closing costs.

To qualify for the drawing, employees must receive a pre-approval letter from San Mateo Credit Union. The County also partners with San Mateo Credit Union who is offering 40-year jumbo loans for home purchases up to $1.5 million.

The next drawing will be: Tuesday, April 28, 2020

Up to five loans will be available, via a drawing, each quarter while funds are available. This round only three names will be drawn.

Depending on funding availability another drawing could occur in early Summer 2020.

To be entered in the April 28th drawing, please e-mail your pre-approval to Nila Kim at nhkim@smchousing.org or send via mail or drop off to: Department of Housing, 264 Harbor Blvd., Bldg. A, Belmont, CA  94002.

The County will host several Employee Down Payment Assistance Program “Lunch and Learn” seminars. For dates and times, please see the flyer below titled:  Lunch & Learn Dates.

For more information about the program, please see the PDF’s below:

  • Lunch & Learn Dates - THE MARCH 24TH SEMINAR WILL BE AN ONLINE SEMINAR.  RSVP TO NILA KIM FOR ONLINE ACCESS.
  • Presentation from San Mateo County Employee Down Payment Assistance Program Seminar
  • Guidelines – San Mateo County Employee Down Payment Assistance Program
  • FAQ – San Mateo County Employee Down Payment Assistance Program

If you have additional questions, please contact Nila Kim at nhkim@smchousing.org