Last Updated: 10/06/2026
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Land Ownership Structure
Ground Lease (third-party land owner)(Verified 10/06/2026)
Estately Land Lease Review
Estately Land Lease is offered by Estately, Inc., a nonbank financial services provider founded in 2006 and based in Seattle, WA. Estately Land Lease are available in 2 states.
Key Takeaways
- Save up to 20% on initial monthly payments and up to 40% on your down payment. You buy the home and Estately buys and leases you the land, so the mortgage you need is smaller.
- You keep the home appreciation. If you sell, you keep any appreciation above the land's CPI-based inflation adjustment. Estately advertises transparent pricing with no hidden fees.
- Flexible exit options. Buy the land from Estately at a transparent price, refinance your mortgage when rates improve, or sell the home and land together at any time.
- Currently available in Colorado and Texas only, with expansion planned. Estately is not a mortgage lender; the home is financed by a participating third-party lender.
- Land buyout option available at any time. Purchase the land share and convert to full ownership. Buyout price is based on appraised value at that time.
- Defaulting on ground rent could put your home at risk. If you fall behind on ground lease payments, the landowner may have the right to terminate the lease even if your mortgage is current.
- Full appreciation upside. Homeowners keep 100% of any home value appreciation.
- Limited state availability. Estately Land Lease is only available in 2 states.
- You don't own the land. The ground lease is a long-term commitment.
Estately Land Lease Pros & Cons
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Estately Land Lease FAQ
How does Estately Land Lease's leasehold homeownership program work?
Estately Land Lease splits a home purchase in two: you buy the home (the improvements) with a mortgage from a participating third-party lender, and Estately buys the land and leases it to you under a long-term land lease. Because the mortgage only covers the home, your loan is smaller, which Estately says can lower initial monthly payments by up to 20% and the required down payment by up to 40%.
- Get pre-qualified. Get pre-qualified with a participating mortgage lender and confirm a budget that works for you.
- Find a qualified home. Browse eligible listings on Estately, which show the land-lease impact on your buying power, and purchase the home with your approved financing while leasing the land through Estately.
- Make one monthly payment. After closing, you make a single payment covering your mortgage and land lease. Ground rent adjusts with CPI-based inflation.
You own the home outright and can make improvements, build a fence, or landscape as you like. At any time you can buy the land from Estately, refinance the mortgage, or sell the home and land together on the open market. You keep all home appreciation above the land's inflation adjustment. The program is currently available in Colorado and Texas.
What are the mortgage and eligibility requirements?
What are the upfront costs?
Estately Land Lease does not publicly disclose detailed upfront cost information. Actual costs may vary based on the property, location, and financing terms.
How does ground lease monthly payment work?
Ground lease payment may increase over time. The escalation approach may vary based on program terms.
How long is the ground lease?
Estately Land Lease does not publicly disclose standard ground lease lengths.
How does home appreciation work?
Homeowners keep 100% of any increase in the home's value, giving them full upside on their investment.
Can you buy the land?
Yes. Homeowners can purchase the land interest at any time and move toward full, traditional ownership of the entire property.
Are there restrictions on reselling?
No. Homeowners can sell on the open market to any buyer, just like a traditional home sale. The land interest is settled at closing under the program's terms.
What happens when you sell?
Homeowners can sell on the open market much like a standard home sale. The land interest is settled at closing under the program's terms, and the buyer typically either pays off the land position or assumes the existing ground lease. Review the specific resale and settlement terms with Estately Land Lease before listing.
How does total cost compare to a traditional mortgage?
The mortgage covers only the home portion of the property value. This results in a lower mortgage payment, but the separate ground lease payment must be factored into your total monthly housing cost.
In some cases, the combined mortgage-plus-ground-rent payment may be comparable to or lower than a traditional mortgage on the same property. However, the primary advantage is the dramatically lower down payment.
Buyers should compare total monthly housing costs (mortgage + ground rent + taxes + insurance) side by side with a traditional mortgage before making a decision.
Is Estately, Inc. a legit company?
Estately, Inc. was founded in 2006, it is a well-established company that has been in business for 20 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
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Availability
Available in 2 states.
- Colorado
- Texas
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