When participating in the down payment program, can I refinance without paying Landed?

In most cases, yes, you can refinance without paying Landed.

Note: Due to a temporary unavailability of DPP investment funds, all Landed metro areas are being put on a DPP waitlist effective September 8, 2022. You can read all the details (including FAQs) here if you would like to know more.

When you buy a home using Landed's down payment program, we want to make sure you’re not putting yourself in a vulnerable position by taking on more debt than you can reasonably afford.

We’ve set limits on your ability to take out additional home loans that exceed the maximum debt level stipulated in the Landed Option. We generally approve requests where the total debt is lower than the maximum debt level.

Approval Process

Our goal is to approve requests that support your financial security. When looking to refinance, Landed needs to be immediately notified, and has to review and approve of financing you take out while in partnership with the program. 

Email us at customer@landed.com to get the approval process started. We’ll notify you if more information is needed and send updates along the way.

If you're looking to refinance without ending the partnership with Landed, and your goal is to take advantage of a lower interest rate (i.e., you don't take out more debt), then our goal is to approve these requests.