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Divvy

Rent-To-Own

Buying a home today is harder than it should be. For working people. For those serving the community. For those who choose to be their own bosses. For anyone without the privilege of generational wealth. We founded Divvy to make homeownership, and all the power that comes with it, accessible to everyone. Because a home of your own isn’t just a resting place. It’s freedom, and it’s security. It’s a legacy—and a chance to build wealth for everyone.

Program Summary

Divvy Homes is a modern rent-to-own program that empowers renters to become homeowners. We founded Divvy with the mission to make homeownership, and all the power and security that comes with it, accessible to everyone.

Rent-To-Own

Buying a home today is harder than it should be. For working people. For those serving the community. For those who choose to be their own bosses. For anyone without the privilege of generational wealth. We founded Divvy to make homeownership, and all the power that comes with it, accessible to everyone. Because a home of your own isn’t just a resting place. It’s freedom, and it’s security. It’s a legacy—and a chance to build wealth for everyone.

Program Summary

Divvy Homes is a modern rent-to-own program that empowers renters to become homeowners. We founded Divvy with the mission to make homeownership, and all the power and security that comes with it, accessible to everyone.

Program Qualifiers

  • A FICO score of at least 550: All applicants need to pass a soft credit check—this won’t affect their credit score. We’ll look at their FICO score, recent loan delinquencies, and any foreclosures or bankruptcies.
  • A minimum monthly household income of $2,500: Customers can add a co-applicant during the application process.
  • 3 months of verifiable income: We look for 3 months of steady income. Customers are able to add multiple income sources including self-employment.
  • Background check: We run a background check to determine the customer’s rental history and criminal background. For criminal background checks, we evaluate the recency and severity of any convictions.
 

Additional Program Details

  • Approved customers can choose almost any home for sale (within Divvy home eligibility criteria), and Divvy will pay cash for the home. Customers are able to rent and lock in their dream home without a mortgage. Through a customized payment plan, Divvy helps customers save for their future down payment and build savings so they can buy the home when they’re ready.
  • The customer is under no obligation to purchase the home and may choose to walk away from their lease and cash out their savings minus the 2% surrender fee (if they walk away before 3 years) and any outstanding rent fees or payments owed to Divvy.
  • Divvy is not a mortgage lender or an iBuyer. Customers do not have any ownership interest in the home until they buy it from Divvy.

Program Qualifiers

  • A FICO score of at least 550: All applicants need to pass a soft credit check—this won’t affect their credit score. We’ll look at their FICO score, recent loan delinquencies, and any foreclosures or bankruptcies.
  • A minimum monthly household income of $2,500: Customers can add a co-applicant during the application process.
  • 3 months of verifiable income: We look for 3 months of steady income. Customers are able to add multiple income sources including self-employment.
  • Background check: We run a background check to determine the customer’s rental history and criminal background. For criminal background checks, we evaluate the recency and severity of any convictions.

Additional Program Details

  • Approved customers can choose almost any home for sale (within Divvy home eligibility criteria), and Divvy will pay cash for the home. Customers are able to rent and lock in their dream home without a mortgage. Through a customized payment plan, Divvy helps customers save for their future down payment and build savings so they can buy the home when they’re ready.
  • The customer is under no obligation to purchase the home and may choose to walk away from their lease and cash out their savings minus the 2% surrender fee (if they walk away before 3 years) and any outstanding rent fees or payments owed to Divvy.
  • Divvy is not a mortgage lender or an iBuyer. Customers do not have any ownership interest in the home until they buy it from Divvy.

Divvy Benefits

Consumer Benefits

  • Customers who could use help saving up for a down payment: with Divvy, savings for your down payment are built right into your monthly payment, so they add up over time. In 3 years (or even sooner), you can afford a 10% down payment on your home.
  • Customers whose credit score isn’t quite there yet: we accept a minimum FICO credit score of 550—so even if you’ve hit a few bumps in the road, Divvy could be the right partner for you. Once you’ve moved into your home, we’ll pair you with a free credit counselor to help you get ready for your own mortgage.
  • Self-employed or got a new job: Divvy looks at your last 3 months of income when determining your home-shopping budget, which makes us a great option if you’re self-employed or recently started a new position. (Congrats, either way.)
  • Customers that want a more competitive offer: Divvy gives you the power of an all-cash offer, which sets you apart in today’s competitive market and helps you secure your dream home.
  • Customers that want to try before they buy: at Divvy, we move fast and our program is flexible. Which means you get into your dream home sooner and – if life changes – you’re not locked in.

Agent Benefits

Divvy turns agents' unqualified leads into a homebuyer, earning them their full sales commission on an all cash offer that can close in as little as two weeks.

  • Quick, all-cash closings: with Divvy’s all-cash offers, your clients get in the door earlier, deals close quicker, and your business moves at the pace of the market. Earn full commissions: when your client finds their new home, you represent Divvy as the buyer’s agent and earn your full commission.
  • Fuel your business for the future: Divvy creates opportunities to grow your client base. By helping more customers get into their dream homes sooner, you'll fast-track the growth of your referral network.
  • Extend the power of homeownership: Divvy gives you the tools to make homeownership happen. Nothing beats the magic of helping more families secure their dream homes, especially when they weren’t sure it was possible.