The document requirements vary from lender to lender but may include the following:
- A copy of your signed lease agreement, option to purchase agreement and any addenda.
- A savings letter confirming the amount of savings being applied
- A purchase agreement outlining the purchase price and any savings applied as an initial payment*
They may also require various corporate documentation from Divvy, such as our operating agreement and authorized signatories. Your lender will be able to advise specifically what is required from Divvy.
*Subject to lender rules and regulations, where applicable. Lenders have different rules regarding how much of your Divvy Savings can be applied to your initial payment and how much can be applied to cover your closing costs. Please discuss these requirements with your lender to ensure you have adequate funds to close.