Digs.co

Save for a home automatically by earning cash back on rent

1 follower

Save for a home automatically by earning cash back on rent

1 follower

Digs allows you to earn move-in bonuses and cash back on your apartment in order to save for your first home. Simply rent as you normally would and watch your account balance grow. All Digs accounts earn interest and you have the ability to earn more money when you move or through other promotions. Eventually use your savings for a down payment.

This is the 2nd launch from Digs.co. View more

Digs

Savings app that matches the money you save for a home

Digs is the only savings app that helps people reach homeownership. It offers a unique contribution matching program that accelerates the saving process. It also helps people make better financial decisions through educational tools and loan recommendations. All Digs accounts are insured by the FDIC up to $250,000.

Launch tags:

Web App•Fintech

Launch Team

Pat McLoughlin

Digs.co

Maker

Hi Product Hunt, We’re happy to announce that we’re launching Digs in all 50 states in the U.S! After a long year of research, product development and partnerships, you can now save for your first home in an FDIC insured account. First thing’s first: you’re probably wondering how we’re able to match funds. Well, in short, the funds we match are reserved for a home purchase and are given back to you at the closing table when you purchase your home. We work with a network of lenders who agree to honor these funds. The other part of the app we’re really excited about is our educational tools and content. Right now you can learn about each step of the home buying process, weigh pros and cons of different down payment options, and read in-depth articles on many other topics specific to purchasing your first home. Financial inclusion is at the heart of everything we do, and we know that an educated buyer is going to make a better financial decision. Ultimately, our goal is to help you take control of your biggest asset: your home. And we’d like to start by helping you purchase your first one. Let us know if you have any questions. We’re so excited for your feedback!

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6yr ago

Zach Anderson Pettet

@patmclo Beautiful product solving a major pain point for consumers. Keep going Digs team!

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6yr ago

Chad Johnson

Digs.co

Maker

@zachpettet thank you sir! 😄

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6yr ago

Drew Meyers

Horizon

@patmclo Very cool. There's a ton of room for innovation on the down payment side, that's always been the major the barrier to homeownership for many. I've always wondered why BofA, Chase, Wells Fargo, etc don't provide an app like this to their current customers. Let me know if you'd like to be profiled with a founder interview on @geekestate

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6yr ago

Pat McLoughlin

Digs.co

Maker

@drewmeyers Yeah that sounds great! I will send you a message now and we can go from there.

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6yr ago

Eric Jorgenson

The Almanack Of Naval Ravikant

This is a beautiful product -- I got to work with these guys a little as they were building. They are super talented.

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6yr ago

Chad Johnson

Digs.co

Maker

@ericjorgenson thanks a lot! We really appreciate the kind words 😄

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6yr ago

James Villarrubia

Are there limits? (So no one has to go looking like I did). ::FROM THE SITE:: Yes, the most you can earn each month is $40 in Digs' matches. In order to reach this maximum, you would have to contribute $1,350 of your own money each month. Digs' matches are designed to kickstart your savings, meaning we match more money upfront. We also do not want to discriminate against those who can't save as much as others. Our tiered matching is outlined below: First $50/month = $5:$1 matching Next $100/month = $10:$1 matching Next $200/month = $20:$1 matching Next $1,000/month = $100:$1 matching https://help.digs.co/banking/are...

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6yr ago

Chad Johnson

Digs.co

Maker

@james_mtc thanks for posting that James! You can also check out our matching calculator on the homepage here https://digs.co/#more

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6yr ago

James Villarrubia

@chad_johnson Cool. What's that bank APY based on?

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6yr ago