Divvy Homes Reviews [Oct] Curious to Know, Go Ahead! >>Not being able to buy your dream home, lacks financial resources, or cannot qualify for a mortgage? Read our post to know the solution.
Not being able to buy your dream home, lacks financial resources, or cannot qualify for a mortgage while living in the United States?
What’s the solution? Read our Divvy Homes Reviews to get an answer to this question.
- It is a brand new rent-to-own company
- Its current presence is in selected market areas- Dallas, Memphis, Atlanta, St. Louis, Tampa, and Cleveland.
- You can purchase your dream home by just paying a 2% down-payment
Let’s read how Divvy works in our Divvy Homes Reviews.
At first, you need to select a home as if you are purchasing it. But in reality, Divvy will buy it on your behalf. You need to pay 2% of the purchase price in the beginning; Divvy will cover the rest amount.
The rest includes 98% of the purchase price, along with closing costs associated with the mortgage.
You will participate in the quiz session and attend a webinar to get insights into what you’re getting into.
The home you have selected must be passed through the inspection, and of course, you have to sign your lease. You have to send an initial payment of 2% in a timeframe allotted to you before closing.
Now, you’re locked in a three-year-lease with a company, and after a three-year duration, you can buy it. However, if you cannot make payments within that tenure, your lease will be considered broken, and you’ll get half of the costs you have made.
Which homes are considered by Divvy?
- The houses which are in good condition
- Single-family homes
- Townhomes (Condos-if fee is simple)
- The houses that are not a bank-owned property or foreclosure by the bank
- Their price falls between $60,000 and $300,000
Who can qualify for Divvy?
There is a specific criteria Divvy follows and keeping in mind only those who are eligible for Divvy.
- A credit score of 550 or higher.
- A documented income of at least $2400 per month.
- Can submit 2% of the payment before closing
- Able to pass a background check
What the customers have to say?
There are many Divvy Homes Reviews available on the internet, and most of them are praising Divvy. Let’s read what a customer who is given 5-star ratings has to say.
In her words, she recommends Divvy as they are fantastic. It’s just three years and to purchase your own home. Their process is easy, and they help you with every problem.
Who can approach Divvy?
Suppose you are looking for a particular home or likes to have homeownership instead of renting and staying in the United States but cannot qualify for a mortgage. Divvy might be your solution for having your own home.
For example, if you come across your dream home but cannot work it as a lender have turned you down, here comes the job of Divvy. Or if you want to have homeownership over renting, but cannot get it due to lack of financial resources, Divvy could be a great option again.
In a nutshell, if we see Divvy could be a perfect solution for someone residing in the United States and looking for his/her dream but not been able to purchase. If you find our Divvy Homes Reviewsuseful, please share your feedback in the comment section below.