LEASE TO PURCHASE

WHO QUALIFIES?

 Minimum FICO score of 550 

3 months of stable employment or have other steady income sources 

Debt-to-income ratio of up to 50% 

Proof of $2,500 in the bank account 

No evictions or bankruptcy in the past 12 months 

• 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