Divvy Homes
Divvy Homes is a tech-enabled real estate platform that empowers renters to become homeowners. Divvy aims to revolutionize the home buying experience by providing a more accessible and flexible path to homeownership. The platform purchases homes on behalf of its customers and leases the properties to them such that a portion of rent goes towards customer equity in the home, with the goal of selling these properties to the customer at the end of a three-year lease. Their innovative rent-to-own model empowers individuals and families to build equity in their homes while renting, ultimately making the dream of owning a home a reality for more people.
ABOUT DIVVY HOMES
Divvy Homes is a digital version of the old rent-to-own model.
The platform buys homes for licences who can't qualify for a standard mortgage and then becomes their landlord.
The platform aims at a different pathway for homeownership—one that's more affordable, more flexible, and a better fit for the modern American family.
Divvy gives you the power to start your homeownership journey now—and build wealth for yourself and your family—without perfect credit or piles of cash up front.
HOW TO GET APPROVED
A credit score of at least 550
A minimum monthly income of $2,500
3 months of verifiable income
Background check
Debt-to-income (DTI) ratio
A valid government-issued photo ID
THE DIVVY WAY
Step 1: Apply for free in 5 minutes.
Getting prequalified is free. It’s quick, comes with no commitment, and doesn’t impact your credit score.
Step 2: Find your dream home.
Get your home-shopping budget, then work with the Divvy team to choose from their inventory of move-in-ready homes that you can self-tour.
Step 3: Move into your dream home.
You’ll make an initial payment of 1-2% of the home price, which goes straight to saving toward your future down payment, and get a guaranteed move-in date.
Step 4: Move in and make it home.
Your monthly payment includes built-in savings that grow into a down payment over time.
Step 5: Buy your home, or walk away with your savings.
When the time is right, you can buy your home at a predetermined price you'll always know. Or, walk away with your Divvy savings (minus a relisting fee) at the end of your lease if plans change.