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Divvy Homes is a San Francisco-based start up specializing in creating services that aid customers who are seeking home ownership by providing financial options. Both home buyers and agents can work with the company.
Potential homeowners can complete an application on the Divvy Homes website and once they are approved, they will be given a budget for a home. The company pays for the home that the customer selects and the customer provides a down payment of 1-2%. The customers can then move into the home and save money towards a mortgage while paying rent or choose to move and cash out savings that accrued while paying rent.