Most move-in ready homes on the market are eligible for the Divvy program, but there are also some specific eligibility criteria.
Maximum & minimum purchase prices by metro:
|
State |
Metro Area |
Counties |
Price Range |
Minimum Monthly Rent |
Arizona |
Phoenix |
Maricopa County, Pinal County |
$150 - 575K | $1,400 |
Colorado |
Denver Colorado Springs |
Adams County, Arapahoe County, Boulder County, City and County of Broomfield, City and County of Denver, Clear Creek County, Douglas County, Elbert County, Jefferson County, Larimer County, Park County,Teller County, Weld County | $310 - 675K | $2,150 |
| Pueblo | Pueblo County | $100 - 410K | $1,100 | |
Florida |
Ft. Lauderdale |
Broward County, Martin County, Palm Beach County, St. Lucie County | $210 - 575K | $2,000 |
Ft. Myers |
Lee County | $180 - 610K | $1,800 | |
| Jacksonville | Baker County, Clay County, Duval County, Saint Johns County, Putnam County | $90 - 450K | $1,100 | |
| Miami | Miami-Dade County | $240 - 600K | $2,000 | |
Orlando |
Lake County, Orange County, Osceola County, Seminole County, Sumter County, Volusia County | $160 - 475K | $1,400 | |
| Tampa | Citrus County, Hernando County, Hillsborough County, Manatee County, Pinellas County, Pasco County, Polk County, Sarasota County | $140 - 475K | $1,400 | |
Georgia |
Atlanta |
Barrow County, Bartow County, Butts County, Carroll County, Cherokee County, Clayton County, Cobb County, Coweta County, Dawson County, DeKalb County, Douglas County, Fayette County, Floyd County, Forsyth County, Fulton County, Gordon County, Gwinnett County, Haralson County, Hall County, Heard County, Henry County, Jackson County, Jasper County, Lamar County, Meriwether County, Morgan County, Newton County, Paulding County, Pickens County, Pike County, Polk County, Rockdale County, Spalding County, Walton County | $130 - 500K | $1,200 |
| Macon/ Warner Robins | Bibb County, Crawford County, Houston County, Jones County, Monroe County, Peach County | $60 - 310K | $1,000 | |
Minnesota |
Minneapolis |
Anoka County, Carver County, Chisago County, Dakota County, Hennepin County, Isanti County, Le Sueur County, Ramsey County, Scott County, Sherburne County, Sibley County, Washington County, Wright County | $180 - 475K | $1,600 |
Missouri |
St. Louis |
City of St. Louis, Franklin County, Jefferson County, Lincoln County, St. Charles County, St. Louis County, Warren County | $60 - 375K | $900 |
Ohio |
Cincinnati |
Brown County, Butler County, Clermont County, Clinton County, Hamilton County, Warren County | $70 - 350K | $1,000 |
| Cleveland | Ashland County, Ashtabula County, Carroll County, Columbiana County, Cuyahoga County, Geauga County, Lake County, Lorain County, Mahoning County, Medina County, Portage County, Richland County, Stark County, Summit County, Trumbull County (excl Warren, Niles), Wayne County | $70 - 300K | $900 | |
Tennessee |
Memphis |
Chester County, Crockett County, Dyer County, Fayette County, Gibson County, Hardeman County, Haywood County, Lake County, Madison County, McNairy County, Obion County, Shelby County, Tipton County, Weakley County | $60 - 400K | $900 |
Texas |
Dallas |
Collin County, Dallas County (excl Balch Springs, Mesquite), Denton County, Ellis County, Hunt County, Hood County, Johnson County, Parker County, Tarrant County (excl North Richland Hills, Hurst), Kaufman County (excl Heartland), Rockwall County, Wise County | $170 - 500K | $1,600 |
| Houston | Austin County, Brazoria County, Chambers County, Fort Bend County, Galveston County, Harris County, Liberty County, Montgomery County, Waller County | $140 - 450K | $1,400 | |
| San Antonio | Atascosa County, Bandera County, Bexar County, Comal County, Guadalupe County, Kendall County, Medina County, Wilson County | $130 - 425K | $1,300 |
Type of home:
- Single-family and townhomes are great for Divvy
- The home’s deed must be “Fee Simple” (includes land ownership)
- New Construction: Divvy does work with new construction homes that are within 90 days of completion
- Divvy does require confirmation of building status directly from the builder
- *With new construction Divvy will ask for the entire deposit that the builder requires (typically ranges $1,000 - $10,000)
- Your real estate agent and Divvy will work with you through process for this specific type of home if it meets requirements
Size of the home:
- There are no limits or restrictions on the square footage of the home
- There is an acreage restriction of up to 2 acres of land
Condition of the home:
We want your home to be in great condition before you move in. When home shopping, there are a few warning signs that a home may not be in the best condition and wouldn't pass Divvy’s inspection. Look out for some tell-tale warning signs on the listing:
- “Sold As-Is”
- “Fixer-Upper”
- “Not Habitable”
- Home has less than 10 photos
- HVAC must be less than 15 years old
- Roof must be less than 15 years old
- Water heater must be less than 10 years old
Ineligible home types:
- Condos
- Foreclosures
- Pre-foreclosures
- Short sales
- Bank-owned / county-owned
- Fannie / Freddie-owned
- Assignee contracts from wholesalers
- Manufactured or mobile homes
- Age Restricted Communities: Housing and neighborhoods specifically for those 55/65 and older
- Homes on unpaved roads and/or driveways
- Homes without central air conditioning HVAC (only applies in GA, TX, FL, TN, and AZ)
- Homes with financed solar panels; owned solar systems and/or systems paid off at closing are eligible
As always, if you have a question reach out to your Divvy Advisor.