How Does 2/2 Flex Home Savings work?

What makes it 2/2 “Flex”?

A flexible way to save. Choose the % savings that is right for you.

  • How does 2|2 FLEX differ from other
    Divvy pricing offerings?

    2|2 FLEX provides qualified customers the ability to opt into saving. This means you can save $0 on some months and much more on others. This optional savings allows you to increase your monthly budget by decreasing the required amount of savings.

  • What makes it 2/2 “Flex”?

    You may be looking for a way to increase your monthly home budget by removing

    Divvy’s built in savings component.

    You aren't sure you are ready to start saving toward a down payment until you are

    confident you will purchase the home.

    You find that Divvy’s monthly payment of rent + savings is more than you planned to 

    spend on housing. 

  • What is the initial payment required to use
    2|2 FLEX?

    2|2 FLEX requires a 2% initial payment. There is no mortgage application fee, mortgage insurance, or
    closing costs.

  • Does 2|2 FLEX have a savings target?

    Your savings target is flexible. Divvy recommends a
    5% savings target to get you to a down payment in 3 years or less, but you can choose to save on your terms.

  • Is there a minimum or maximum amount
    I need to save each month?

    There is no minimum amount of required savings for
    2|2 FLEX. The maximum monthly contribution amount is equal to 10% of your buyback price.

  • What’s included in a 2|2 FLEX monthly payment?

    A 2|2 FLEX monthly payment generally includes 2 items—
    a homeowner’s monthly rent payment and the amount they choose to save each month. 
  • How do I change the amount of savings
    each month?

    You can easily change your amount of home savings each month. You can even opt out of saving if needed! To do this, simply log into your Divvy portal and use the ‘Home Savings’ widget or navigate to the ‘Payments’ tab to adjust your monthly home savings contribution amount.

  • Can I make a savings contribution at any time during the month?

    Yes, you can change your monthly savings amount at any time during the month. However, savings contributions will be taken on the 1st of the month—at the same time as rent payment.

  • When is the last day I can change my monthly savings contribution amount?

    Customers have until 11:59 PM PST on the day prior to their scheduled rent pull. By default, rent is pulled on the first of each month. However, tenants can specifically schedule their rent to be pulled from the 1st-15th of the month.