Think of equity credits like your home savings account. You start out with at least 2% equity credits, and build toward 5% or 10% equity credits over your three-year lease.
You can convert equity credits into a down payment at any time. If you’ve built 4% equity credits, that means you would have a 4% down payment. If you choose not to buy the home and your three-year lease ends, Divvy will sell the home, cash out your equity credits and share 8.5% of the home’s final sale value (we need to deduct 1.5% to cover selling costs).