County of San Mateo Employee Down Payment Assistance Program

Must be employed by San Mateo County or the Housing Authority

Maximum Amount

$105,000

Benefits

  • No income limits.
  • Up to $100,000 for down payment (Plus $5,000 grant for closing costs if currently live outside the County).
  • Loan deferred for 5 Years, 3% interest, then 30-year amortization after deferral.
  • San Marcos Credit Union will waive its lender origination fee of $1,295 if use their loan product.

Participating Lenders

San Mateo Credit Union (40-Year Hybrid Jumbo Loan–fixed for 7 or 10 years, then adjustable, 2% limit on increase per year, 5% total increase limit), OR can use any lender which will work with the County program.

Approved Education Providers

https://www.smcu.org/Community/About-Us/Seminars-Events

Program Provider Contact

Nila Kim: nhkim@smchousing.org 650-802-5002
Rosa Mendoza 650-802-5027 rmendoza@smchousing.org or Francisco Gomez 650-802-5002 fgomez@smchousing.org

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