![]() Once an offer has been extended to the seller, Divvy will re-verify your application.Once you provide approval, we’ll formally submit an offer to purchase the property. We’ll ask for your permission to move forward with the offer and then you’ll pay a non-refundable deposit** towards your down payment ($500-this money will be credited toward your savings once the offer is accepted).We’ll share our proposed offer price with you, and provide details on all your payments for the upcoming lease, including your monthly savings and future purchase price.We’ll work closely with your agent to come up with the most competitive offer price for your chosen home. Once you find the perfect home, your agent will submit a request for our team to make an offer.It’s now time to go home shopping with your agent-remember to keep saving while you shop and avoid large purchases that impact your credit!.After approval, you’ll receive an email including your Divvy approved monthly budget and estimated home budget range.We'll get in touch if we need any additional documents. We’ll review your application and usually get back to you within 24-48 hours to let you know if you’re approved to go home shopping.Once you’re pre-qualified, we’ll ask for permission to run a background check and get a copy of your photo ID, and proof of income documents.Don’t worry-this won’t affect your credit score! (We require a minimum credit score of 550*) Apply online and we’ll run a soft credit check to see whether you’re eligible for the program.What does the Divvy program look like from start to finish? How long does it take to get approved? Here’s a breakdown of what you can expect from application to move-in day: What happens during the closing when I purchase the Divvy home? What happens to my Divvy savings, home value, and rent payments during the purchase process? ![]() What are the lender and title company requirements when purchasing the home from Divvy? How do I get ready to purchase my Divvy home? What is the closing process for a Divvy Home? How does home maintenance with Divvy Homes work? How do I manage my payments and home savings? What is the inspection process for a Divvy Home?
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