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Last update: 01 May, 2024 254 Views

How does pvy work for homebuyers? From searching available homes to negotiating with sellers, Divvy can be used to buy any home on the market priced up to $300,000. Once you have found a home, Divvy purchases the home and then leases the property to you. We'll work with you to determine a home budget that you're comfortable with.

How much down payment do i need to buy with pvy? Divvy only requires 1% down and covers all fees, closing costs, taxes, and insurance. As you live in your new home, you'll gradually build up ownership. A small add-on to your monthly payment goes toward your "equity credits". This will be your down payment when you're ready to purchase the home from Divvy.

What do i need to rent to own a house with pvy? Divvy will then negotiate with the home seller on your behalf to buy the property. Here is a great summary for everything you’ll need on hand to work with Divvy on a rent-to-own home: Documented income (at least $2,400 per month) is required. A credit score of at least 550 is required.

Is pvy a good option for me? If you want to live in a certain home or simply prefer owning a home over renting but are unable to qualify for a mortgage for any reason, Divvy could be a good option for you. Divvy has been designed for people who do not qualify for a mortgage but want to purchase a specific property.

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Contact Us. Thank you for your interest in DivvyHQ! If you have questions, feel free to give us a call or complete the inquiry form below. Let us know the nature of your inquiry as well so we can forward it on to the appropriate team member.

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