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What is the re-verification process once an offer is initiated?

What is the re-reverification process?

Divvy re-reviews your application once an offer on a property is made. This is one of the requirements of the home closing process you will need to fulfill.  The purpose of this process is to ensure that you are still eligible for our program and your income has not changed since the initial approval.

You will need to submit your most recent income document(s) to the Underwriting team who will review the document(s) and complete the re-verification process.

Failure to submit the document or meet Divvy's eliibility requirements during this process may result in the termination of the offer.

 

What income documents will Divvy need for the re-verification process?

Divvy needs to re-verify your income during the re-verification process. We ask that you provide most recent income documentation that reflects your income.

Salary/Hourly Pay: 

  1. Most recent pay stub (must be the most recent pay period pay stub)

Independent Contractor: 

  1. Most recent pay stub or pay invoice  (must be the most recent pay period pay stub)
    1. We will also accept your most recent bank statement (must be the most recent monthly cycle)

Self-employed: 

  1. Most recent months of bank statements (must be the most recent monthly cycle)

Child Support: 

  1. Child support ledger from the state (must be the most recent monthly cycle)
    1. We will also accept most recent bank statement (must be the most recent monthly cycle)

Retirment, Pension, Social Security or VA Benefits: 

  1. Most recent Benefits Letter (dated within 1 year), Year end SSA-1099, or Year end 1099-R

    On each document, ensure that your name, employer name, pay dates, and amounts are clear and legible.

    If you are having difficulty understanding what documents are required, please contact our Customer Support Specialists at support@divvyhomes.com.