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Bay Federal Credit Union Does Home Loans
Home Loans for Educators

Landed helps teachers and school staff buy homes in Santa Cruz and Monterey Counties.

Landed contributes half of an eligible school employee's down payment on a home, up to $120,000. In exchange, homebuyers share a portion of the home's future gain or loss. Landed also offers homebuyer education and financial wellness workshops for educators.

To be eligible:

  • You must have worked for a public school or district for at least two years.
  • You must agree to stay with your current school district for at least two years.
  • You and any co-buyers must be able to contribute 10% down (or more) on the home. Landed can contribute another 10% down (up to $120,000) to help you buy your primary residence.
  • You must qualify for a primary mortgage with Bay Federal.

Sign up for this program at Landed.com

Since our founding as a teacher's credit union, Bay Federal has continued our commitment to education. In addition to annual student scholarships and an ongoing outreach program that touches the lives of more than 3,000 community members each year, we work with Landed to help local school teachers and staff purchase homes.

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