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

 

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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]