Divvy
Go home shopping
-
Our Divvy home team and real estate agents will provide you with full support, from searching available homes to negotiating with sellers. Divvy can be used to buy any home on the market.
Buy your home
-
They'll work with you to determine your comfortable home budget. Divvy only requires 2% down and covers all fees, closing costs, taxes and insurance.
Move in and save
-
As you live in your new home, you’ll gradually build up ownership. Divviers typically qualify for their mortgage in less than three years.
Basic requirements:
-
550 minimum Credit Score
-
Annual household income of at least $40,000 ($2,300/mo)
-
Stable employment of at least 12 month
-
No recent history of eviction and no pending bankruptcy (discharged bankruptcy of at least 12 months is okay)
Dream America
Dream America's mission is to promote homeownership. The Dream America Program is designed to turn renters into homeowners. Once approved, you go out with a local real estate agent and pick any house you want within your approved budget. Dream America will then buy the home and lease it back to you until you qualify for a mortgage.
Basic requirements:
-
500 FICO credit score
-
$4,000/month pre-tax household income (applicant + co-applicant, if any)
-
12 months of on-time rent payments
-
Savings/gift/401k of $5,000+ that can be used towards home purchase