UCI is pleased to connect employees with Landed, a personal finance company that provides employees of healthcare and educational institutions, including UCI, downpayment support and other homebuying resources.
Landed was founded in 2015 to uphold those who uphold us all: educators, healthcare workers, and first responders. In expensive cities, high home process make it difficult for many individuals to become long-term the long term residents our communities depend on. If we want stronger schools and safer communities, we need to support those who make it possible.
Landed's shared-equity down payment program invests alongside individual UCI employees to help them reach a 20% down payment. Landed’s funds come in the form of an equity investment, meaning homebuyers share in a portion of the gain (or loss, if any) of the home’s value once the partnership is ended—typically by sale or refinance.
The down payment program is one piece of holistic homebuying support that Landed offers, including in-depth homebuyer education, access to a vetted real estate agent network, and comprehensive reviews of property reports to help homebuyers make informed homebuying decisions. Landed also offers an experienced homebuying team to help navigate the homebuying process, from financing to search to close.
Landed’s down payment program is open to all UCI employees working 20+ hours/week and is available immediately. Participants do not need to be first time homebuyers and there are no income or asset limits needed to qualify.
Learn more at www.landed.com/uci
A series of information sessions will be hosted in December. All employees interested in purchasing a home or learning more about the home buying process are encouraged to attend:
WEDNESDAY, DECEMBER 8
4:30 - 5:30pm
THURSDAY, DECEMBER 9
12:00 - 1:00pm
TUESDAY, DECEMBER 14
3:00 - 4:00pm
Landed is not a UCI or UC benefit and UCI and UC cannot be held liable for transactions undertaken by the employee with Landed. Landed works with many employers in several states and is not affiliated with, endorsed, or sponsored by UCI, UC or any UCI or UC affiliate.
Any interested employee should independently review and investigate this program to ensure it meets their needs.
Landed’s down-payment support program will provide an option for employees who cannot benefit from UCOP’s Mortgage Origination Program (MOP), which is limited to academic senate appointment faculty and senior management group staff. The two programs will co-exist for the different employee groups.