What homes are eligible for the Divvy program?

Most move-in ready homes on the market are eligible for the Divvy program, but there are also some specific eligibility criteria.

Type of home:

• Single-family detached or townhomes (Divvy does not purchase condos)
  • Please check townhouse eligibility here.
  • The home’s deed must be “Fee Simple” (includes land ownership)
• New Construction: Divvy will purchase new construction with the following requirements:
  • • Buyers Agent to confirm status directly from the builder via intake form
    • Earnest Money Deposit (EMD) cannot exceed $15,000. Note: tenant is required to pay the entire EMD amount as a non-refundable deposit before an offer is sent
    • Development cannot have rental restrictions
    • Construction completion within 90 days
    • There must be at least 2 closed sales of finished homes, within the same phase of the development
    • Comparables must be ± 10% GLA (gross living area =  total area of finished, above-grade residential space excluding unheated areas such as porches and balconies) of home, with upgrades known, ideally within same development
    • Comparables must be within 0.5 mile and 10 years for year built, ideally within same development

 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 ideally is less than 15 years old
• Roof ideally is less than 15 years old 
• Water ideally is less than 10 years old 

Read more about choosing a “quality home.”

Ineligible home types:

• Condos (or townhouses with condominium ownership)
• HOAs or municipalities with rental restrictions
• Pre-foreclosures / short sales
• Foreclosures
• REO / Bank-owned / county-owned / Fannie or 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 
  • Exceptions can be made if the home has the following: 

• • • Minimum 3 BR / 2 BA
    • Quality / condition preferably renovated
    • Within 75 miles from downtown
    • Liquidity [at least 1 sold comp within past month within 0.5 mile] 

• 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 OK)

As always, if you have a question, reach out to your Divvy Advisor

Maximum & minimum purchase prices by metro: