Save for your dream home while you live in itYour pursuit of homeownership is important to me, which is why I partner with Divvy Homes to offer customers a rent-to-own program designed to make homeownership more accessible and achievable.…
Brittany HueyCENTURY 21 Edge
Save for your dream home while you live in it
Your pursuit of homeownership is important to me, which is why I partner with Divvy Homes to offer customers a rent-to-own program designed to make homeownership more accessible and achievable. I understand that the traditional path to buying a home can be challenging, especially when it comes to saving for a down payment, facing increased interest rates, and navigating the mortgage process. Divvy offers an innovative solution that bridges the gap between renting and owning.
How Divvy Homes works:
01.
Choose your dream home
The customer can choose any home on the market and Divvy buys it on their 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.
02.
Make it your own
The customer enjoys the benefits of ownership from day one. They're building equity in the home and the home is theirs - they can feel free to paint the walls or hang up family photos.
03.
They build toward their mortgage
Each month, the customer will make one monthly payment - of which ~75% is rent and ~25% goes into a "Home Savings" account that goes directly towards their future down payment.
04.
They buy back the home or walk away
The customer can buy back the home at any point, using their savings to go towards their future down payment or they can walk away and we will cash them out (minus a 2% relisting fee).
“We were ready to be homeowners, we just didn't have the credit to make it happen”
Kristin and Andrew
Who qualifies for Divvy Homes?
Minimum FICO of 550
Minimum $40K annual income
Currently employed or have other steady income sources
Maximum monthly DTI ratio of 50% including a potential Divvy Homes payment
Brittany HueyCENTURY 21 Edge
February 2, 2024 · 4 min readHelping You Build The Life You ImaginedHelping you build the life you imaginedWelcome! I am Brittany, your dedicated real estate partner. My commitment is rooted in sincerity, transparency,…
