How do monthly savings work with Divvy?

Your monthly savings contributions* are designed to help you stay on track and save toward home ownership. Depending on the payment plan you have with Divvy, you may have a savings goal of 5 to 10% of your purchase price to help you purchase the home when you’re ready. 

  • If you have a fixed monthly payment plan, you’ll have a set monthly savings contribution designed to help you achieve your savings goal over a 3 year period that can help you buy the home when you’re ready. 
  • If you have a flexible monthly payment plan, you can set your own monthly savings contribution amount (to a recommended goal of 5% and a maximum of 10% of your applicable purchase price) so you can save at your own pace and buy when you’re ready. (Learn more about flexible payment plans here.)


As a key customer benefit, the savings you contribute with Divvy grows with the appreciated purchase price of your home, so you get a boost to your cash contributions when you’re ready to buy the home from us. This benefit applies to every Divvy customer, whether you’re on a Divvy payment plan with flexible or fixed monthly savings contributions. (Learn more about why you should save with Divvy here).

You can use your accumulated Divvy savings credits towards the down payment and/or closing costs to purchase the home at any time.**

It’s important to note that your contributions with Divvy cannot be accessed or withdrawn from your Divvy account until you purchase the home from us or if you terminate the lease. If you decide not to purchase the home and need to walk away from your lease, Divvy will refund your savings contributions minus 2% of the initial purchase price of the home (referred to as the re-listing fee or surrender fee in your option agreement) and any outstanding fees and payments owed to Divvy. (Learn more about lease termination here.)


Disclosure: Your contributions are not held in a savings account and are not FDIC insured. The allocation and amount of your savings able to be distributed to the down payment and/or closing costs may vary and is subject to your lender’s rules and requirements for your loan. Please discuss this allocation and distribution with your lender to ensure you have adequate funds to close.

Disclaimer: This information is accurate as of November 15, 2022.  For specific terms and conditions that apply to you, please reference your occupant proposal and signed lease.