
Hello, future homeowner.
Find your dream home, move in now, and rent with built-in savings for your down payment. In 3 years or less, you’re ready to buy.
Get started now. It’s free and won’t impact your credit score.
How Divvy works.
Apply in minutes.
Get prequalified for a home-shopping budget. It’s free, there’s no commitment, and it doesn’t impact your credit score.
Find your dream home.
With your budget in hand, go shopping for your new home (with a Divvy agent or your own). Divvy buys it with an all-cash offer, and the keys are yours.
Move in and make it yours.
Rent your new home from Divvy while you get ready to own it, with built-in savings for your down payment each month.
The proof is in the numbers
Is Divvy legit?
Yes, Divvy is a legitimate company trusted by thousands of customers and agents, recognized by TIME and Forbes in influential company lists, and funded by top investment firms such as Andreessen Horowitz, Tiger Global Management, GGV Capital, and more.
Divvy empowers renters to become owners. We founded Divvy with the mission to make homeownership, and all the power and security that comes with it, accessible to everyone. With Divvy, you can rent and live in your dream home without a mortgage. Through a customized plan that you choose, we help you save and build credit so you can buy the home from us when you’re ready.
Since our founding in 2017, nearly 50% of Divvy’s customers have successfully purchased their home from Divvy, which is significantly higher than our closest competitors.
To avoid misleading rent-to-own programs or scams, below are factors to look for when evaluating a legitimate rent-to-own program.
With our program, rest assured that Divvy…
- Fully owns the property and rents it to you, with built-in monthly savings
- Covers major maintenance costs and repairs
- Performs home inspections to ensure all homes are safe and habitable
- Sets transparent buyback and monthly pricing - no surprises!
- Offers customer support in addition to having agents, sales, and closing team members that help you along your homeowner journey
Read more about how to tell a legitimate rent-to-own program from a scam , and also read reviews and testimonials from some of our happy customers.
How do I qualify for Divvy?
Here’s what you’ll need to qualify for Divvy:
- Minimum FICO score of 550*: 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.
- Minimum monthly household income of $2,500: Adding a co-applicant during the application process may help you reach this minimum. Minimum required income will depend on factors like your current debt levels and home prices in your metro area.
- Employment history for the last 3 months: Divvy looks for 3 months of steady income, which makes us a great option if you’re self-employed or have recently started a new job.
- Background check: We run a background check to ensure there are no bankruptcies or evictions in the last 12 months.
- A valid government-issued photo ID
Learn more about our qualifications here
* Not all FICO scores are calculated the same way—we use Experian as our credit bureau and look for at least 1 industry standard 3rd party model score greater than or equal to 550. Your score through your credit card company or third-party service could appear differently. Our credit requirements are also subject to change at any time.
What’s involved in the application?
Applying for Divvy is completely free, takes 5 minutes online, and comes with no commitment. It also won’t impact your credit score. Don’t worry if your financial picture isn’t perfect—we get that life happens, and everyone’s situation is different.
After applying, you’ll get your estimated home-shopping budget. We’ll then verify your application and you’ll receive your approved shopping budget in 2 business days.
As part of the application process, we’ll ask you for the following:
- Contact information
- When you’re planning to move
- Where you want to live
- If you’re currently working with a real estate agent
- If you’re applying with another person
- Your current financial situation (gross monthly income and current rent)
- Personal information to run a soft credit check
- Employment information
- Background check
- Proof of identity
How does Divvy make money?
Divvy makes money from your monthly rent payments and from the home’s appreciation over time. That’s it. What’s unique about Divvy is that we care about your long-term success:
You get to save for a future down payment.
About ¼ of every monthly payment goes toward your savings for a
mortgage of your own. Whenever you’re ready, you can either use those
savings to buy your home from us or move out and keep your savings,
minus a relisting fee.
You also benefit from home appreciation.
When you move in with Divvy, we give you the option to buy your home
from us at a preset price in the future, whenever you’re ready. If the
home’s value rises higher than that, your preset price stays the
same—meaning you could buy your home for less than its market price.
Can I choose any home on the market?
For the most part: yes, you can! Divvy lets you shop homes that are listed for sale and within your approved Divvy budget. There are a few exceptions—like no manufactured homes or foreclosures—but most homes work. Go home shopping with your own real estate agent, or we’ll pair you with one of our trusted agents. Once you choose the perfect home for you, we buy it, and the keys are yours. Learn more about home eligibility here.
How does Divvy compare to renting?
Unlike traditional renting, Divvy offers a pathway to homeownership by letting you choose almost any home on the market and rent it from us while you save up to buy. You get the flexibility of renting with the benefits of single-family living.
Additionally, when you rent with Divvy, you get the following benefits over a traditional rental:
- Dedicated agents and inspections to ensure your home is move-in ready.
- You can customize your home – paint, landscape, bring your pets.
- Transparent pricing with easy lease extensions.
- Option to save toward a down payment.
When can I buy my home from Divvy?
You can buy your home at any time during your 3-year lease, whenever you’re ready. You’ll know what your purchase price options are before you sign the lease, with a lower pre-set purchase price if you buy your home in the first 18 months of your lease.
Am I locked in for 3 years?
Nope. We know that things change, and you might want or need to move out instead of buying your home. You have the option to end your lease early (with a 60-day notice) and keep the savings you built with Divvy, minus a relisting fee for your home. (The relisting fee is a percentage of the initial purchase price, equal to 2% of the initial purchase price.)
Who covers the inspection and closing costs?
Divvy pays for the inspection process, closing costs, property taxes, and homeowner’s insurance on the initial purchase and while we own the home. Since we own it until you buy it for yourself, we make sure that every home we purchase is a solid investment and in good shape for the long haul. You will be responsible for closing costs, property taxes, and homeowner’s insurance once you complete our program and buy the home.
You’ve got questions. We’ve got answers.
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