What homes are eligible for the Divvy program?

Divvy is currently only buying Divvy Ready homes from Divvy’s preset inventory list. All of these homes have been vetted with the below criteria.


What Divvy will buy:

Standard requirements:

  • Homes priced within our approved price bands
  • Single-family detached homes or fee-simple townhomes (i.e. includes land ownership)
    • Divvy does not purchase condominiums or townhomes under condominium ownership; please check townhome eligibility here
  • Homes with at least two above-grade bedrooms on less than 2 acres

Properties located in one of our approved areas

New construction requirements:

  • 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 must be completed within 90 days
    • There must be at least 2 finished homes sold, within the same phase of the development, both within the last 6 months
    • Comparables must be located in the same development, with similar upgrades, and must be within ± 10% of the subject property's GLA (Gross Living Area = total area of finished, above-grade residential space. Excludes unheated areas such as porches and balconies.
    • All new construction homes must have central air conditioning

What Divvy will not buy:

Home type restrictions:

  • Pre-foreclosures / short sales
  • Foreclosures
  • REO/bank-owned
  • Government agency owned
  • Manufactured, modular, or mobile homes
  • Commercial or mixed-use properties
  • Condominiums or townhomes under condominium ownership
    • Please check townhouse eligibility here.

Home restrictions 

  • One-bedroom homes; homes must have at least two above-grade bedrooms
  • Homes without central air conditioning (exceptions may apply in CO, MN, and OH)
  • With the exception of standard appliances, homes must be free and clear of the seller’s belongings at close of escrow. If seller is in an approved leaseback, seller may take appliances at the end of the leaseback
  • Homes with a door on a raised level must have a balcony, deck, staircase, or railing built on the exterior
  • Homes with financed solar panels (owned solar systems and/or systems paid off at close of escrow are allowed)
  • Homes with oil tanks or that use propane tanks as the primary heating source
  • Homes with an existing lease in place where the lease end date is beyond the acquisition close date
  • Homes on multiple individual parcels
      • All parcels must be combined into 1 lot (totaling less than 2 acres) via the county prior to closing
      • Time component: must be combined and able to close in within 90 days
  • Homes with an unpaved driveway and/or unpaved access road.
    • Exceptions can be made if the home has the following:
      • Minimum 3 bedroom / 2 bathroom
      • Home is renovated, if older than 30 years
      • Within 75 miles from the metro center*
      • At least 1 sold comparable within past month within 0.5 mile

Quality and condition restrictions

  • Homes with organic growth (e.g. mold)
  • Homes with known hazardous materials (e.g. vermiculite insulation, asbestos, etc.)
  • Homes with unfinished rehabilitation work, liens, and/or open permits
  • Homes with known structural issues

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 might not pass The Divvy Home Quality Evaluation. 

Red flags in the listing include: 

  • “Sold As-Is”
  • “Fixer-Upper”
  • “Not Habitable”
  • Home has less than 10 photos 
  • Homes with excessive deferred maintenance
  • HVAC is beyond useful life (typically up to 15 years)
  • Roof is beyond useful life (typically up to 15 years)
  • Water heater is beyond useful life (typically up to 8 years)
  • When walking the home, red flags include:
    • Any indication of moisture intrusion or mold growth, such as visible moisture staining or smell. 
    • Home does not appear to have been regularly maintained or is generally run down.
    • Multiple additions or obvious poor quality workmanship.
    • When you walk in the home, do floors feel out of level, or are there large noticeable cracks that you could fit a quarter in? This could indicate structural concerns.

Pool restrictions:

  • Homes with above-ground pools
  • Homes with indoor pools
  • Pools must be fully enclosed by non-climbable barrier and entry gates and doors must be self closing and self latching

Environmental restrictions:

  • Properties with repaired sinkholes on or near the property, regardless of if the sinkhole has been repaired

Divvy does not purchase in 100 year flood zones. Specifically, Divvy does not purchase in areas that FEMA designates as high risk. Specifically homes in FEMA flood zones: A, AE, AH, AO, VE, and X zones that include a subcategory of: Regulatory Floodway, Special Floodway, or 100 year flood event are ineligible.

HOA restrictions:

  • Age restricted communities (e.g. communities specifically for those 55/65 and older) 
  • HOAs where Board approval of the lease is required after closing
  • HOAs deemed to be a third-party beneficiary of the lease
  • HOAs with the right to evict on the property owner’s behalf 
  • HOAs that require background checks, credit checks, and/or interviews 
  • HOAs with a maximum rental period 
  • HOAs with a minimum period of owner occupancy

Fee restrictions:

  • Properties wheres tax rates plus community development fees (CDD) exceed 4% of the property’s value

Legal restrictions:

  • Properties where a homicide occurred at the property in the last 7 years
  • Properties where methamphetamine production occurred on the property in the last 7 years

*Census Bureau-defined Metropolitan Statistical area center