Hoss Group Realty has teamed up with Divvy homes to make home-ownership accessible to more people through a new and innovative lease-to-own program.
Divvy came to DFW in late 2019, and has been growing it’s client-base at a rapid pace! However, this isn’t your average lease-to-own program. What makes Divvy different is that they build in equity to your monthly payments ensuring that you have your down payment when you’re ready to buy-out. Also, if you choose not to buy the home back you can cash out and walk away with your savings!
How it works:
- Complete an application online
-
- It’s free, easy, and won’t affect your credit score! It takes only 5 minutes to pre-qualify.
-
- Get approved for a budget
-
- Once you’re approved, you’ll receive a budget to go home shopping.
-
- Choose your dream home
-
- Partner with a Hoss Group agent to find your dream home!! Choose from ANY HOME on the market that qualifies!
-
- Divvy pays for the home
-
- They pay for the home in cash, and cover all fees, closing costs, taxes and insurance. All you pay is a down payment of 1-2%.
-
- Move in, and save!
-
- Move into your Divvy home, and start saving gradually to build up to ownership of the home. Most customers are able to become mortgage-eligible in less than three years!
-
- Buy the home – or walk away with the savings
-
- At any point, you can choose to either buy back the home with the money you’ve saved, or move out and cash out your savings.
-
Who qualifies?! We’re glad you asked…
When evaluating applicants, Divvy Homes uses the following criteria:
- Minimum FICO of 550
- Currently employed or have other steady income sources
- A maximum monthly debt-to-income ratio of 50% including a potential Divvy Homes payment
- No evictions in the previous year
- No bankruptcy in the past year
In addition to the criteria above, Divvy Homes also evaluates the following elements of an application:
- Credit Report
- Criminal Background Check
- Court Records
………………………………………………………………………………………………………………………………………………………………………………….
You can apply today at https://www.divvyhomes.com/a/agenthossgroup, or reach out to us for more information!
Author: Taylor Havins Realtor at Hoss Group Realty | email: [email protected]