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 five years, amortized for 30 years at three percent interest. Up to five loans will be available, via a drawing, each quarter while funds are available.

To qualify for the drawing, employees must receive a pre-approval letter from San Mateo Credit Union. 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. 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 is scheduled for Spring 2020; please check back in 2020 for the date.

Please e-mail your pre-approval to Nila Kim at or send via mail or drop off to: Department of Housing, 264 Harbor Blvd., Bldg. A, Belmont, CA  94002.

When a date has been determined, the County will host several “Lunch and Learn” seminars about the Employee Down Payment Assistance Program.

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

·         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 or via phone at (650) 802-5002.