Down Payment Program

• What is Landed's down payment program?

Eligibility

• Who is eligible for Landed's down payment program?
• How do I know if I'm qualified?
• Where can I buy a home with Landed's down payment program?
• Do I need to be a first-time homebuyer?
• What if I am not a full-time employee?
• I’m an educator, but I'm not employed by an eligible institution. Would Landed be able to work with me?
• Can I purchase any type of home with Landed's down payment program?
• What is the minimum down payment required? How much can I receive?
• I’m looking to purchase a Below Market Rate (BMR) property. Will I be able to use Landed's down payment program?
• Will I be able to purchase a foreclosed home?
• Can I buy an investment property? What if I want to rent out rooms?
• I already own a home. Can I use down payment program funds to refinance or remodel my current home?

Real Estate Agents

• How are agents selected for the Landed agent network?
• What is the real estate agent policy?
• What happens if I don't want to use an agent at all in my home purchase?

Loans and Lending

• Do I need to use a particular lender for my mortgage?
• What types of loans can I get if I use Landed's down payment program?
• Why wouldn’t I just get a 90% mortgage? How does Landed compare?
• What is my mortgage principal? What does it mean to pay it down?

Offer Process

• How will Landed's down payment program make my offer more competitive?
• What if I want Landed's down payment program to contribute less than 10% down?
• What information do you require to approve a property or offer?
• What does the property review process entail?
• How long does Landed's down payment program take to review a property for approval?
• Does Landed's down payment program put a lien on my home?

Living with a Landed Partnership

• What is Landed’s relationship with my employer?
• Who is responsible for paying the mortgage, maintenance, insurance, and property taxes?
• How do the monthly tax benefits of homeownership ultimately work?
• What tax implications are associated with Landed's down payment program?
• Do I need to pay Landed monthly?
• When do I pay Landed?
• If I purchase a home with Landed funds, what happens if I renovate or make upgrades?
• What happens if I don’t maintain my home?
• Can I refinance my home without paying Landed?
• What happens if I want to end my partnership with Landed's down payment program prior to the 30-year term but I don’t want to sell my home?
• When exiting the partnership without selling, how does Landed's down payment program assess the value of the home?