Divvy Homes is a startup that aims to make homeownership more accessible through a unique rent-to-own model. The company primarily serves individuals and families who aspire to own a home but may not currently qualify for a traditional mortgage. Divvy operates in various U.S. markets, including major cities like Phoenix, Orlando, and Atlanta.

The business model is straightforward: Divvy buys homes selected by its clients and rents them out to these clients. A portion of the monthly rent goes towards building a down payment over time. This allows clients to gradually save up for a future purchase while living in the home they intend to buy. The company makes money through the rent payments and eventually through the sale of the home to the tenant.

Clients start by signing up and getting approved through an application process. Once approved, they can choose a home from Divvy's listings. Divvy then purchases the home and rents it to the client. The client pays monthly rent, part of which is allocated towards their future down payment. Home maintenance is a shared responsibility; Divvy handles major repairs, while tenants take care of everyday upkeep.

When clients are ready to buy, they can use their accumulated savings for the down payment and closing costs. The closing process involves standard procedures like inspections and meeting lender requirements. If clients decide not to purchase, they can walk away with their savings, minus a fee.

In summary, Divvy Homes offers a pathway to homeownership for those who might not immediately qualify for a mortgage, providing flexibility and a structured savings plan.

Keywords: Rent-to-own, Homeownership, Accessible, Savings, Real Estate, Flexible, Mortgage Alternative, Home Maintenance, Client-focused, U.S. Markets.