Turn Your Rental Payment Into A Down Payment

How It Works:

1.  Choose Your Home:  Choose any home on the market and Divvy buys it on your behalf, with just 2% due upfront and monthly payments that cover rent and "Home Savings".  Divvy takes care of the negotiating, home inspection, closing fees, and most of the paperwork.

2.  Make It Your Own:  You enjoy the benefits of ownership from day one.  Build equity in the home and the home is yours.  Feel free to paint walls or hang up family photos.

3.  Build Toward Your Mortgage:  Each month you make one monthly payment of which approximately 75% is rent and approximately 25% goes into a "Home Savings" account that goes directly towards your future down payment.

4.  Buy Back The Home Or Walk Away:  You can buy back the home at any point using your savings to go towards the down payment or walk away and be cashed out (minus a 2% relisting fee).

Home Criteria:

  • Home price between $100,000 - $400,000 for Orlando area

  • Type of Home

    • Single-family and townhomes (no condos)​

  • There are no limits or restrictions on the square footage of the home​

  • The home must be on less than 2 acres of land

  • Ineligible Home Types:

    • Condos​

    • Foreclosures

    • Pre-foreclosures

    • Short sales

    • Bank-owned / County-owned

    • Fannie / Freddie-owned

    • Assignee contracts from wholesalers

    • Manufactured or mobile homes

  • Home must be in habitable condition and not be a "fixer-upper"​

    • HVAC less than 15 years old

    • Roof has more than 5 years of life

Customer Requirements:

  • Minimum 550 FICO

  • $40,000 minimum income

  • Employed at least 6 months

  • Proof of $2,000 in bank account

  • No bankruptcy or eviction in the past 12 months

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