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Real Estate

2018 HW Tech100 Winner: Divvy Homes

Customers who don't qualify for a mortgage offered a three-year program to move from lease to buy

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Divvy Homes

Real Estate

Divvy is a rent-to-buy firm. Available in markets with appreciating home values, potential borrowers select a home on the market and Divvy will then buy it, and lease it back to them, while allowing them to build equity credits with every payment. Divvy raised over $7million to pursue its goal of offering an additional option between renting and owning.

Founded by self-proclaimed “real estate enthusiasts and technologists,” Divvy is still a young company, operating for now just in Seattle, Atlanta and Cleveland. Customers who are unable to qualify for a mortgage today are offered a three-year program to move from lease to buy.

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3d rendering of a row of luxury townhouses along a street

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