Lease Purchase Details

Exciting announcement: Smith International Realty |

Partnered with 4 Lease to Purchase Companies. If you’re interested in owning but not ready for a mortgage.

Let's Lease it FIRST! With the Right to Purchase After!

Are you looking for Transparency, Choices, Value, Control and Flexibility?

• Transparency: Upon entering these programs, you are given the monthly lease and purchase price information each year for up to five years*, so you can plan for the future.

• Choices: Our partners provide access through our MLS listings in the communities they serve, expanding your selection to ALL qualifying HOMES FOR SALE ON MLS.

• Value: Our partners purchase the home you want, providing you with an affordable lease and a pre-set purchase price each year for up to five years*. Also, there are no hidden fees or non-refundable deposits.

• Control and flexibility: You have the right to purchase the home at any time during your residency, at the pre-set price. If the home value appreciates above this price each year and you choose to purchase it, you realize a financial benefit. If the value of the home declines, you can choose not to renew your lease and walk away without penalty.

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When evaluating applicants, Our Resources use the following criteria:

  • Minimum FICO of 550

  • Currently employed or have other steady income sources

  • A maximum monthly debt-to-income ratio of 50% including a potential Home payment

  • No evictions in the previous year

  • No bankruptcy in the past year

  • 2% of sales price required to put down

  • In addition to the criteria above, Our resources also evaluate the following elements of an application:

  • Credit Report- Our Resources look beyond just an applicant’s FICO score when assessing an application. Factors similar to recent delinquencies, the types of loans recently delinquent, and the number of successful loans in an applicant’s credit history is used when assessing an application.

  • Criminal Background Check- To qualify an applicant must pass a criminal background check. The company evaluates the recency and severity of convictions when reviewing an applicant’s criminal record. Divvy Homes does not have a “no prior felonies” policy for applicants.

  • Court Records- In addition to no evictions in the previous year, our resources look at the number of recently attempted evictions as part of its application review.

Check it out

Other Resources in General

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Location & Address

Smith International Realty |

Dallas, TX