DIVVY: Option for Renters

5 steps from renting to owning.

(Courtesy of DIVVY)

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Rent-to-own, or lease-to-own, programs give you the opportunity to work towards homeownership while you rent. Here's how it works with Divvy.

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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.

(5 minutes)

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Step 2: Find your dream home

You get a home-shopping budget, and you can choose any qualifying home on the market. Work with your own agent, or find one through Divvy.

(As little as 2 days)

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Step 3: Divvy buys your dream home

We pay for the home in cash and cover all fees, closing costs, taxes, and insurance. You make an initial payment of 1% to 2% of the selling price, which goes straight to savings for your own future down payment.

(2–3 weeks)

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Step 4: Move in with built-in savings

Move in and make it home. Your monthly payment includes built-in savings that grow into a down payment over time. (Our program is designed for Divvy customers to become mortgage-eligible within 3 years.)​

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Step 5: Buy your home, or walk away with savings

Buy your home when the time is right. Change of plans? You can also move out early (with a 60-day notice) and keep your Divvy savings (minus a relisting fee).