When purchasing a home with Landed we charge a 1.25% fee (applied to the purchase price) for the services and support we provide. If you work with a Landed partner agent, this fee is waived.
The service fee allows us to sustain investment funding for the down payment program and deliver exceptional support throughout the homebuying process. Our fee is charged at the time of closing, and typically gets paid from a share of the agent’s commission.
See the common scenarios below for more clarity on how the fee gets paid.
Scenario A: Home purchase made with Landed’s Down Payment Program
For those interested in using our down payment program, we highly encourage you to work with a Landed partner agent.
When working with a partner agent, the 1.25% service fee is waived for the homebuyer and becomes the agent’s responsibility to pay as a share of their commission. By going this route, Landed’s services are delivered at no cost to you.
If you are interested in being connected with a Landed agent, sign up here.
Scenario B: Home purchase with Landed Partner Agent & without down payment funding
You can still use Landed’s services, even if you’re not looking to use our down payment funds.
If you work with a Landed partner agent, they have agreed to cover the 1.25% fee for homebuyers they represent, so there's no cost to you for Landed's services.
Still have questions about our partner agents? You can read up on our vetting and training process here.
Scenario C: Home purchase with an out-of-network agent & down payment funding
While we hope all homebuyers will use an agent from our network, you can also bring in your own agent. If you’re interested in using down payment funding with an out-of-network agent (not a Landed partner agent), the 1.25% service fee becomes the homebuyer's responsibility.
The fee is applied to the home’s purchase price and is charged at the time of closing. Have more questions? Send us an email at firstname.lastname@example.org and we’ll explain this in greater detail.