When do I pay Landed?

When you purchase a home with Landed's down payment program, you enter into an agreement that lasts up to 30 years. You pay Landed at the end of the 30-year term or when you exit the agreement – whichever comes first.

Educators who choose to use our down payment program don’t need to pay Landed anything during the 30-year term unless they sell their home or buy out Landed. 

For customers who opt to buy Landed out without selling their home, this can be done by refinancing with their lender or by paying Landed's down payment program directly with funds from savings, investments, or gifts. You have control over when and how to end the partnership.

The only restriction is that you must pay Landed by the end of the 30-year term, or Landed may exercise its option to purchase an interest in the property. However, you don't need to wait until the end of 30 years – you can buy Landed out early.

You don’t pay any interest or monthly payments to Landed. Instead, you agree to share the future appreciation in your home (if any), and you can end the partnership any time within 30 years. Gains from this down payment program are reinvested to support an ever-growing number of educators.