Earnest payment, down payment, one month's rent, and prorated rent
|Earnest Deposit||$500*||before offer is extended|
|Down payment||Typically 1-2% of offer price||24 hr after offer accepted|
|Prorated rent||variable**||7 days before closing|
|One full monthly payment||variable||7 days before closing|
Prior to close you will need to complete your earnest payment, downpayment, one month's rent, and prorated rent (if applicable) payments. These payments must clear to Divvy's account before closing.
If paying via ACH, this means payment must be initiated at least 7 days before closing as this method takes up to 7 days to clear to Divvy's account. It is your responsibility to ensure your bank accounts and cards have sufficient funds and credit limits to accommodate clearing payment before close.
*With new construction we will ask for the entire deposit that the builder requires (typically ranges $1,000 - $10,000)
**If you close at end of the month, then no prorated rent will be due.