New: Get your credit score (and more) ready for homeownership with a new program from Divvy. Get early access →

A program designed for you.

Not ready for a mortgage? We’ve got you covered. With Divvy you can rent your dream home now, while growing your built-in savings for a down payment.

Get prequalified

5 steps from renting to owning.

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.
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
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
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
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.)

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).

New! Launching in Early 2024

Get a leg up on your homeownership preparation

Preparing for homeownership but not looking to commit right away? Start improving your credit score and growing your home buyer knowledge with a new program from Divvy aimed at getting you mortgage-ready.
Get Early Access

How does pricing work?

Pricing varies depending on the home, your initial payment, and your monthly savings.

At move-in
Initial payment

You make a one-time, upfront payment (1%–2% of your home’s value) that goes straight toward savings for your future down payment.

Each month
Rent + home savings

Your rent with Divvy is based on the home’s location, size, condition and features. Your home savings are set aside monthly and designed to build toward your future down payment.

*Your monthly home savings make up approximately 10-25% of your total monthly payment (or roughly .10-.25% of your home’s value). For example, on a $200,000 home, approximately $200-500 per month of your monthly payment would go toward your home savings.

To find out your personal home-shopping budget, get prequalified. It’s completely free, takes 5 minutes, and doesn’t affect your credit score.

Get prequalified

Who’s a good fit for Divvy?

If you can get approved for a traditional mortgage today, we say: Go for it. But Divvy is ideal if…

You could use help saving up for a down payment

With Divvy, savings for your down payment are built right into your monthly payment, so they add up over time. In 3 years (or even sooner), you can afford a 10% down payment on your home.

Your credit score isn’t quite there yet

We accept a minimum FICO credit score of 550—so 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.

You’re self-employed or got a new job

Divvy looks at your last 3 months of income when determining your home-shopping budget, which makes us a great option if you’re self-employed or recently started a new position. (Congrats, either way.)

You want a more competitive offer

Divvy gives you the power of an all-cash offer, which sets you apart in today’s competitive market and helps you secure your dream home.

You want to try before you buy

At Divvy, we move fast and our program is flexible. Which means you get into your dream home sooner and – if life changes – you’re not locked in. Who says you shouldn’t be able to try-before-you-buy anyways?

How do I qualify for Divvy?

expand

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.
  • Debt-to-income (DTI) ratio: We look at your debt-to-income ratio, which measures how much of your monthly income goes toward your monthly debt payments. You can calculate this by dividing your monthly debt payments (such as car, student loan, personal loan, rent, and minimum credit card payments) by your monthly income (before taxes).
  • 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.

** We may still be able to move forward if a bankruptcy has been cleared for more than one year.

You’ve got questions. We’ve got answers.

Not seeing your question here?

Explore all our FAQs

Ready to get your home-shopping budget?

Get prequalified