07/01/2022
Hi everyone!
I would like to answer publicly some common questions clients ask regarding the rent to own program through Divvy. There are so many questions other than the ones below that may run through your mind. Send me a message, don't be shy - I am here to help make all of your home buying dreams come true!
Q: What if I decide to leave before the (3) years?
A: You would pay Divvy 2% of the market rate of the home and you walk away.
Q: What if after the (3) years are over and I am still not ready to purchase the home?
A: Divvy will extend for another 12 months at the current market value of the home.
Q: What if I choose a community that has HOA?
A: Divvy pays for all property taxes, HOA fee's and all major maintenance repairs to make sure the home is livable.
Q: Does checking if I am pre-qualified hurt my credit?
A: Going through the pre-approval process does not show, or damage your credit in any way. Divvy preforms a soft credit check to determine your availability.
Q: Can I do a new construction home?
A: Yes! Divvy will buy a new construction home as long as you are able to move into it within 90 days. Some companies require a down payment which Divvy does not cover, but can be as low as $1,000.
Q: Can I get a condo, mobile home or investment property?
A: No, unfortunately Divvy wants their customers in a livable home that they love and would look forward to purchasing.
Q: Can I get a home through Divvy and then use it as an AIRBNB?
A: Unfortunately, this must be your place of residence and you can not use it as an AIRBNB nor sublet the home.
Are you ready to go home shopping?
See if you pre-qualify with no impact to your credit!
Not ready for a mortgage? Divvy lets you rent your dream home now, while growing your built-in savings for a down payment. Apply for free in 5 minutes.