Marshall Fire: We know that many of our students, faculty and staff have been affected by the Marshall Fire, and the University of Colorado will do everything we can to provide support. Please visit your campus page for immediate resources.
The University of Colorado has partnered with Landed to provide a payment assistance option to help university employees buy homes in the communities where they work.
Landed's down payment program invests alongside CU employees to help them reach a 20% down payment. Borrowers contribute at least a 5% down payment, and Landed provides bridge funding to get to a 20% down payment. This allows the borrower avoid costly mortgage insurance and potentially qualify for a better interest rate on a new home. Landed will provide up to $120,000 per family, in exchange for a portion of the equity gained (or lost, if any) in the home from the time the home is bought to when it is sold. Rather than a loan, this is considered a shared investment between Landed and the homebuyer for a maximum term of 30 years.
Who can use this program?
- Full-time staff and faculty (20+ hours per week)
- Employees who have worked in education (K-12 or higher ed) for at least two years
- Employees who live in Boulder, Aurora, Denver and most other metro areas
Colorado banks that work with Landed
- FirstBank
- MidFirst Bank
- Bank of the West
Other resources
- Homebuyer education materials
- A network of vetted real estate agents
Qualified counties
Landed funding can be used to purchase a primary residence in the urban or near urban parts of the following counties:
- Adams
- Arapahoe
- Boulder
- Broomfield
- Clear Creek
- Denver
- Douglas
- El Paso
- Elbert
- Gilpin
- Jefferson
- Park
The third-party program offered through Landed does not replace the current Faculty Housing Assistance Program offered to tenured and tenure track faculty.