Home Purchase Versus Renting Home: Should You Buy or Rent

Home Purchase Versus Renting Home: Should You Buy or Keep Renting?

This guide covers home purchase versus renting for homebuyers. There are many added benefits to a home purchase versus renting home. Many first time home buyers are gun shy in considering in buying their home. Find out when buying a home might be better than renting, and learn how you can qualify for a mortgage. Here are some of the common questions first time home buyers have on home purchase versus renting: The three questions above are the most common first time home buyer questions and the answers are the following:

• How Much Money Do I Need To Buy A Home?
• Can I Get A Mortgage With Bad Credit?
• How Much More Will My Housing Payments Be On A Home Purchase Versus Renting

Home Purchase vs. Renting: Should You Buy or Keep Renting?

Choosing whether to buy a home or keep renting is a major financial decision for many families. Renting gives you flexibility, less short-term responsibility, and fewer maintenance worries. Buying a home can bring stability, help you build equity, grow your wealth over time, and give you more control over your living situation.

At Gustan Cho Associates, we help many renters who want to buy a home but think they can’t qualify because of credit problems, past bankruptcy, foreclosure, late payments, high debt-to-income ratios, or strict lender rules.

There’s no single answer that works for everyone. The best choice depends on your income, credit, savings, job stability, lifestyle, family plans, and how long you plan to stay in the home. Many people are surprised to find out they might still qualify for a mortgage, even if another lender has said no. This guide explains the major. This guide covers the main differences between buying and renting, the pros and cons of each, and how to tell if you’re ready to buy a home.

How Much Is Required on Home Purchase Versus Renting Home

How much money do I need to buy a home? To qualify for aN FHA loan, buyers need 3.5% down payment. To qualify for Conventional loans, 3% to 5% is required. VA and USDA loans do not require a down payment on a home purchase. However, VA loans are only limited to Veterans with a Certificate of Eligibility.

Good news is VA Loans does not have a minimum credit score requirement and there is no debt-to-income ratio caps. They are one of the easiest home loans to qualify for.

USDA loans needs to be located in an area that the United States Department of Agriculture Rural Housing Development deems a Rural Development designated area. On any home purchase, buyers need closing costs. Closing costs can be covered with seller concessions or a lender credit. Renters need to come up with first month’s rent plus security deposit. Homebuyers do not have to worry about closing costs. This is because most home buyers get seller concessions or lender credit to cover closing costs on a home purchase.

Home Purchase Versus Renting Home: What Is The Main Difference?

The main difference between renting and buying is ownership. When you rent, you pay a landlord for the right to live in the property. You do not own the home, and your monthly rent does not create equity for you.

When you buy a home, part of your monthly mortgage payment can help reduce your loan balance over time. As home values change and your mortgage balance decreases, you may build equity.

Equity is the difference between what the home is worth and what you owe on the mortgage. The decision between buying a home and renting should not be based solely on the monthly payment. Buyers also need to consider down payment, closing costs, property taxes, homeowners’ insurance, maintenance, repairs, and long-term goals. Renters need to consider rent increases, lease renewals, moving costs, and the fact that rent payments do not create ownership.

Renting Gives Flexibility, But Homeownership Builds Long-Term Stability

Renting can make sense if you need flexibility. If you are not sure where you want to live, may relocate for work, or are not ready to take on maintenance responsibilities, renting may be the better short-term choice. Homeownership is different. Buying a home can give you more control, stability, and privacy. You do not have to worry about a landlord selling the property, raising the rent, or refusing to renew your lease. For many families, owning a home creates a stronger sense of security.

Buying A Home Can Help Build Equity Over Time

One of the biggest benefits of buying a home is the ability to build equity. Every mortgage payment can move you closer to owning more of the property. Home values can go up or down, but over the long term, many homeowners use home equity as part of their financial foundation. Renting does not create equity. A renter may pay thousands of dollars per year in rent, but that money belongs to the landlord once it is paid. This is why many renters eventually start comparing home purchase versus renting home options.

Benefits Of Renting Instead Of Buying A Home

Renting is not always the wrong choice. In some situations, renting is the smarter move. A person should not buy a home just because someone says renting is throwing money away. Buying before you are ready can create financial stress. Renting may be better if your finances are unstable, you may move soon, or you are not prepared for the responsibilities of homeownership.

Renting Can Be Better For Short-Term Living Plans

If you plan to move within a year or two, renting may make more sense. Buying and selling a home involves costs. If you sell too soon, you may not have enough time to build equity or recover closing costs. Renting gives you flexibility. This can be important for people changing jobs, relocating, attending school, or deciding where they want to live long-term.

Renters Avoid Major Repair And Maintenance Costs

One advantage of renting is that the landlord is usually responsible for major repairs. If the roof leaks, the furnace breaks, or the plumbing fails, the renter typically contacts the landlord. Homeowners are responsible for maintenance and repairs. This includes appliances, HVAC systems, roofing, plumbing, electrical systems, landscaping, and general upkeep. Buyers need to budget for these costs.

Renting May Be Easier If Income Or Employment Is Unstable

Mortgage lenders review income stability, employment history, credit, debts, and assets. If your income is unpredictable or your job situation is uncertain, renting may be safer until your finances become more stable. A mortgage payment is a long-term obligation. Buyers should feel comfortable making the payment, even if unexpected expenses happen.

Home Purchase Versus Renting Home: Which Costs More?

The cost comparison between buying and renting depends on location, home price, rent amount, interest rate, taxes, insurance, HOA dues, down payment, and how long you plan to stay in the home. Renting usually costs less up front. Buying usually has more upfront costs, but it can offer long-term benefits if the homeowner stays in the property long enough.

Renting May Cost Less Upfront

Renters usually need a security deposit, first month’s rent, and sometimes last month’s rent. Some landlords may also charge application fees, pet deposits, or move-in fees. Compared to buying, renting often requires less cash up front. This is one reason many people rent while they save for a down payment and closing costs.

Buying A Home Requires Down Payment And Closing Costs

Buying a home usually requires a down payment and closing costs. The amount depends on the loan program. FHA loans may allow lower credit scores and a low down payment. VA loans may allow eligible veterans and service members to buy with no down payment. USDA loans may allow a no-down-payment option in eligible areas. Conventional loans may offer low down payment options for qualified borrowers.

Comparing the Costs of Home Purchase and Renting

Closing costs can include lender fees, title fees, appraisal fees, escrow deposits, prepaid taxes, prepaid insurance, recording fees, and other settlement charges. In some cases, seller concessions or lender credits may help reduce out-of-pocket costs.

Homeownership Includes Taxes, Insurance, Maintenance, And Utilities

A mortgage payment may include principal, interest, property taxes, homeowners’ insurance, mortgage insurance, and HOA dues if applicable. Homeowners must also budget for maintenance and repairs. A realistic buying decision should include the full housing payment, not just the mortgage principal and interest. At Gustan Cho Associates, borrowers can review realistic payment scenarios before they start shopping for homes.

When Buying A Home May Be Better Than Renting

Buying may be better if you are financially ready, plan to stay in the home, and want to build long-term stability. A home purchase can be a smart decision when the payment is affordable, and the buyer understands the responsibilities of ownership.

You Plan To Stay In The Home For Several Years

Buying usually makes more sense when you plan to stay in the home long enough to benefit from ownership. If you move too soon, selling costs can wipe out any financial gain. A longer time horizon gives you more opportunity to build equity, benefit from a fixed-rate mortgage, and recover upfront costs.

You Have Stable Income And Can Afford The Monthly Payment

Income stability is one of the most important parts of mortgage approval. Lenders want to know that borrowers can afford the payment. Before buying, borrowers should review their monthly budget. The goal is not to buy the maximum house allowed by underwriting. The goal is to buy a home with a payment that feels sustainable.

You Want To Build Equity Instead Of Paying Rent Forever

Many renters get tired of paying rent year after year without building ownership. Buying can help shift monthly housing payments toward a long-term asset. This is one of the biggest reasons renters search for home purchase versus renting home comparisons. They want to know whether it is time to stop renting and start building equity.

You Can Qualify For A Mortgage With The Right Lender

Some borrowers believe they cannot qualify because one lender denied them. However, not all lenders have the same rules. Some lenders add lender overlays, which are extra requirements beyond the minimum agency guidelines. A borrower may meet FHA, VA, USDA, or conventional guidelines but still be denied due to a lender’s in-house overlays. Gustan Cho Associates specializes in helping borrowers who may not fit traditional lender overlays.

When Renting May Be Better Than Buying

Renting may be better when you are not financially or emotionally ready for homeownership. Buying a home should not create stress, pressure, or financial hardship.

You May Move Soon For Work Or Family Reasons

If you expect to move soon, renting may be the better option. Selling a home can take time and money. A short-term move can make buying less practical. Renting lets you relocate faster with fewer complications.

You Need Time To Improve Credit Or Save Money

Some renters are close to qualifying but need time to improve their credit, reduce their debt, or save money. Waiting can sometimes lead to better loan options, lower payments, or stronger approval terms. However, borrowers should not assume they need perfect credit. Many mortgage programs allow less-than-perfect credit. The key is speaking with the right mortgage professional before assuming you cannot qualify.

You Are Not Ready For Maintenance And Ownership Responsibilities

Homeownership requires responsibility. Repairs, maintenance, taxes, insurance, and unexpected expenses become the homeowner’s responsibility. If you are not ready for that, renting may be a better option until you are.

Mortgage Options For Renters Who Want To Buy A Home

Many renters are closer to homeownership than they think. The right loan program depends on credit score, income, debt-to-income ratio, assets, property type, military eligibility, and location.

FHA Loans For First-Time Homebuyers And Borrowers With Lower Credit Scores

FHA loans are popular with first-time homebuyers and borrowers with lower credit scores. FHA loans may allow a low down payment and more flexible credit guidelines than many conventional loan programs. FHA loans can be a strong option for renters who want to buy but have credit challenges, prior bankruptcy, collections, charge-offs, or higher debt-to-income ratios.

VA Loans For Eligible Veterans And Active-Duty Service Members

VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses. VA loans can offer no down payment, no monthly mortgage insurance, and flexible underwriting. Many lenders add VA overlays, including minimum credit score requirements. Gustan Cho Associates works with VA borrowers who may have been denied by lenders with stricter overlays.

Conventional Loans For Stronger Credit Borrowers

Conventional loans can be a good option for borrowers with stronger credit, stable income, and sufficient assets. Conventional loans may offer low down payment options for qualified first-time homebuyers. Borrowers with higher credit scores may receive better pricing on conventional loans. However, conventional loan approvals can be more sensitive to credit score, debt-to-income ratio, and mortgage insurance requirements.

USDA Loans For Eligible Rural And Suburban Homebuyers

USDA loans can help eligible buyers purchase homes in approved rural and suburban areas. USDA loans may offer no down payment for qualified borrowers and properties. USDA loans have property eligibility and household income limits. They can be an excellent option for renters who want to buy outside major urban centers.

Non-QM Loans For Borrowers Who Do Not Fit Traditional Guidelines

Non-QM loans are designed for borrowers who do not fit standard agency guidelines. These may include self-employed borrowers, real estate investors, borrowers with recent credit events, bank statement income, asset depletion income, or non-traditional income documentation. Non-QM loans can help some renters become homeowners when FHA, VA, USDA, or conventional loans are not available.

Why Lender Overlays Matter When Buying A Home

One of the most important things renters should understand is that getting denied by one lender does not always mean they cannot buy a home. Many denials happen because of lender overlays, not because the borrower is ineligible under agency guidelines.

Agency Guidelines Are Not Always The Same As Lender Rules

FHA, VA, USDA, Fannie Mae, and Freddie Mac have published mortgage guidelines. However, lenders can add their own stricter rules. These extra rules are called lender overlays. For example, a borrower may meet FHA guidelines but still be denied because a lender requires a higher credit score, a lower debt-to-income ratio, a longer waiting period, or a cleaner credit profile.

Some Lenders Deny Borrowers Who Actually Meet Mortgage Guidelines

This is common among borrowers with prior bankruptcy, foreclosure, late payments, collections, charge-offs, high debt-to-income ratios, or lower credit scores. Many renters give up after one denial. That can be a mistake. The better move is to work with a mortgage team that understands agency guidelines and has access to lenders with no overlays.

Why Many Renters Compare Home Purchase Versus Renting Home

Many renters begin thinking about buying when rent keeps rising. A renter may start with an affordable lease, but after several years of increases, the rent payment can become close to or higher than a mortgage payment in the same area.

Other renters want more space, a yard, privacy, or the ability to customize their home. Some want stability for their children’s school district. Others are tired of moving every time a lease ends.

The question is not always, “Is buying cheaper than renting today?” A better question is, “Where will I be financially in five, seven, or ten years if I keep renting versus buying a home?”

Monthly Rent Payments Do Not Build Ownership

Rent is a housing expense. It gives you a place to live, but it does not give you ownership. Once the rent is paid, you do not get it back, nor do you build equity in the property. This does not mean renting is bad. Renting can be the right choice during certain seasons of life. However, long-term renters should understand that rent payments help landlords cover expenses, build equity, and eventually own the property.

Mortgage Payments Can Create Equity And Stability

A mortgage payment is also a housing expense, but it can help create ownership. With a fixed-rate mortgage, your principal and interest payment stay the same for the life of the loan. Taxes and insurance can change, but the fixed mortgage structure can create more payment stability than renting. Over time, homeowners may benefit from principal reduction, possible appreciation, and the ability to access home equity through refinancing, a home equity loan, or the sale of the property.

Rent Can Increase While Fixed-Rate Mortgage Payments Stay More Predictable

One major concern for renters is rising rent. Landlords can increase rent when the lease renews, depending on local laws and market conditions. A renter may be forced to accept a higher payment or move. A homeowner with a fixed-rate mortgage has more predictability. The principal and interest portion of the payment remain unchanged. Property taxes, homeowners’ insurance, and HOA dues may increase, but the core mortgage payment is often more stable than rent.

Benefits Of Buying A Home Instead Of Renting

Buying a home can be one of the most important steps toward long-term financial stability. It gives the borrower control over the property, a chance to build equity, and the opportunity to turn monthly housing payments into long-term ownership. For many borrowers, the biggest challenge is not wanting to buy. The biggest challenge is qualifying for the right mortgage program.

Homeownership Can Build Long-Term Wealth

Many homeowners build wealth through equity. Equity can grow when the mortgage balance decreases and the home value increases. While home values are never guaranteed to rise, real estate has historically been one of the most common ways families build long-term financial security. Home equity can later be used for many purposes, including selling the home, refinancing, consolidating debt, making home improvements, or helping fund future financial goals.

A Fixed-Rate Mortgage Can Protect Against Rising Housing Costs

Renters often face uncertainty when their lease renews. Even a small annual rent increase can become expensive over time. Homeowners with fixed-rate mortgages can better plan their monthly housing budget because the principal and interest payments do not change. This is one reason many renters compare home purchase versus renting home when rent prices keep rising.

Homeowners Have More Control Over Their Property

Renters usually need permission to make changes to the property. Painting, remodeling, adding pets, installing fixtures, or making improvements may be restricted by the lease. Homeowners have more control. They can improve the property, remodel, landscape, add personal touches, and create a home that fits their lifestyle. Ownership gives families more freedom to make the property their own.

Owning A Home Can Create Family And Community Stability

For families with children, homeownership can create stability. Staying in the same school district, building relationships with neighbors, and being part of a community can matter. Homeownership can also create emotional stability. Many buyers want a place where they can settle down without worrying about lease renewals, rent increases, or landlord decisions.

Deciding To Home Purchase versus Renting

Deciding whether to buy a home or continue renting is a significant financial and lifestyle choice. Each option has pros and cons, varying depending on individual circumstances, market conditions, and long-term goals.

Homeownership offers stability, as you don’t have to worry about rent increases or lease renewals. Owners can renovate and customize their homes to fit their preferences without landlord approval.

Homeowners may be eligible for various tax deductions, such as mortgage interest and property taxes. Homes can appreciate over time, providing a return on investment when sold.

Cons of Home Purchase Versus Renting

Buying a home requires a significant upfront investment, including a down payment, closing costs, and moving expenses. Homeowners are responsible for all maintenance and repair costs, which can be unpredictable and costly. Property values can fluctuate, and there’s no guarantee your home will appreciate. Selling a home can be lengthy, making it harder to relocate quickly than renting.

Financial Considerations:

Compare the cost of rent to a monthly mortgage payment, including property taxes, insurance, and maintenance costs. Evaluate the housing market in your area. In some markets, renting might be more economical, while buying could be a better investment in others. Assess your financial stability, credit score, and savings. Home buying typically requires a stable income and good credit.

Lifestyle Considerations of Home Purchase versus Renting

Consider your long-term plans. Buying may be more advantageous if you plan to stay in one place for a long time. If you anticipate moving soon, renting offers more flexibility. Consider your lifestyle preferences, such as the desire for customization, yard space, and community amenities.

Buying Home and Qualifying For Mortgage With Bad Credit

Can I get a mortgage with bad credit? The answer is Yes: Homebuyers can qualify for an FHA loan which only requires a 580 Credit Score to qualify for a 3.5% down payment home purchase loan. HUD, the parent of FHA, allows borrowers with credit scores down to 500 FICO to qualify for FHA loans.

Credit scores below 580 require 10% down payment per HUD Lending Guidelines. Borrowers can qualify for FHA loans with outstanding unpaid collection accounts and charge off accounts.

Gustan Cho Associates is a national mortgage company licensed in multiple states with no overlays and do not require outstanding collections and charged-off accounts to be paid to qualify.

Payment Shock From Renting To Owning New Home

How much more will my mortgage be on a home purchase versus renting? The amount home buyers will be paying on their new mortgage on a home purchase versus renting depends on how much home they get. Payment shock is the difference on what renters are paying for rent now versus how much their mortgage loan balance will be. It will also depend on factors such as property taxes and homeowners insurance. It also depends on whether a new home purchase is located in a flood plain. Flood insurance will be necessary for flood zones. Housing payments depends on whether the new home purchase has homeowners association dues.

Considerations on Home Purchase Versus Renting

When thinking on a home purchase versus renting can often be rather difficult. This holds true especially for first time home buyers who never owned a home. Here are some things home buyers should consider when thinking of a home purchase versus renting:

• What is your lifestyle?
• What is your financial situation
• What are short term, intermediate, and long-term plans?
• What are your career plans?
• Are you settled in your current job?
• Does your company want you to relocate?
• Does your current job offer stability?

All of the above factors need to be factored in buyers’ decisions when considering between a home purchase versus renting an apartment or home.

Financial Considerations on Home Purchase Versus Renting

There are many renters whose monthly rental payments they spend each month are equal or more then what their monthly mortgage payment would be. One huge financial consideration renters need to consider is that part of the money that a homeowner pays on their monthly mortgage payment will go towards paying down their mortgage loan balance. This will reduce and lower loan balance and homeowners will accumulate equity. If paying monthly rent, none of the rent payments will be an investment.

Why Renters Compare Buying and Renting

Rent Is Nothing More Than An Expense. Bottom Line Is The Following:

• Monthly mortgage payment goes towards principal and interest
• The monthly mortgage payment is considered an expense and none of it is an investment
• As a homeowner, the chance of home appreciating is likely
• A home purchase is an investment in real estate
• As a renter, if the home appreciates, the landlord will raise the rent
• Will not get any of rental money back when renters move out of the rental
• This is because renters do not own their rented unit

Both buying a home and renting have distinct advantages and disadvantages. The best choice depends on individual financial situations, lifestyle preferences, and long-term goals. It’s important to thoroughly evaluate both options and seek advice from financial advisors or real estate professionals.

Investment Considerations on a Home Purchase Versus Renting Home

A home purchase is considered an investment. A homeowner has the best of two worlds: The benefit of being a homeowner. The benefit to enjoy and use their investment because owning a home is considered an investment. A home purchase versus renting offers many more advantages. Here are some of the great benefits of being a homeowner versus a renter: Great Appreciation Potential:

• A house is considered real estate
• Real estate is considered long term investments
• Historically, residential homes have increased and are considered one of the safest investments
• As a homeowner, your home is probably most likely the single biggest investment you invest in your lifetime
• As a homeowner, mortgage loan balance, or debt, will decrease and home will appreciate over time
• As you do home improvements like modernizing your homes such as basement remodeling, attic remodeling, or room additions, the value of the home will increase

Each mortgage payment contributes to building equity in your home, essentially turning part of your living expense into an investment.

How To Know If You Are Ready To Buy Instead Of Rent

The best way to compare home purchase versus renting home is to review your real numbers. Guessing is not enough. A borrower should know what they qualify for, what payment range is comfortable, and what loan program fits their situation.

Review Your Credit, Income, Debt, And Savings

Mortgage approval depends on several key factors. These include credit score, payment history, income, employment history, debt-to-income ratio, assets, down payment, and property type. Borrowers should review their credit reports, income documents, bank statements, and monthly debts before shopping for homes.

Get A Fully Underwritten Mortgage Pre-Approval

A strong mortgage pre-approval is better than a quick online estimate. A fully underwritten pre-approval can give buyers more confidence before making an offer. This is especially important for borrowers with credit challenges, prior bankruptcy, self-employment income, recent job changes, or higher debt-to-income ratios.

Compare Your Rent Payment To A Realistic Mortgage Payment

Do not compare rent to only principal and interest. A true mortgage payment may include taxes, homeowners’ insurance, mortgage insurance, HOA dues, and other costs. A realistic payment review helps renters decide whether buying is affordable.

Work With A Mortgage Lender Before Shopping For Homes

Many renters start by looking at homes online. A better first step is to speak with a mortgage lender. This helps determine price range, loan options, required funds, and approval strategy. A strong pre-approval also helps buyers make stronger offers when they find the right home.

Renting a Home

There are pros and cons of renting a home versus buying. Renting offers more flexibility to move without the commitment of owning a home. Lease terms can be short, and moving out is generally easier. There is lower upfront cost renting a home versus purchasing one. Renting typically requires a security deposit and the first month’s rent, which are lower than buying a home. Renters do not have to worry about maintenance costs. Landlords are usually responsible for maintenance and repairs, saving tenants from these expenses. Renters are unaffected by housing market fluctuations, making it easier to budget for housing costs.

Negatives of Renting versus Buying Home

Rent payments do not contribute to building equity, meaning all payments are expenses with no return. Rent can increase with each lease renewal, making it harder to predict long-term housing costs. Renters often face restrictions on making changes or improvements to the property. There is less stability in renting, as leases can be terminated, and renters may have to move unexpectedly. Renting Is an expense: Renters never see their monthly rental payments ever again once it is given to their landlord every month. Not a penny of your rent goes towards equity.

Home Purchase Versus Renting: Pride of Ownership

A home purchase versus renting a home is an investment versus an expense. Homeowners have an asset that appreciates over time. If you have a 30 year fixed rate mortgage loan on a $300,000 home purchase, not only are you going to have a free and clear home after the 30-year term, the $300,000 home purchase may be worth substantially more after 30 years. As a renter, you do not have anything after 30 years of paying rent

Benefit of Principal and Interest Remaining The Same

Homeowners with a 30-year fixed-rate mortgage, monthly mortgage payments will remain the same over the 30 year period. The only changes will be property taxes and insurance. However, as a renter, landlord or property management company will increase rent every time  renters renew their lease

Benefit of Income Tax Deductions

Rental payments are not tax-deductible. One of the greatest benefits as a homeowner is they can deduct the interest of their mortgage loan payments as well as their property taxes from their income taxes.

Greatest Benefit To Becoming a Homeowner

Adopting a puppy or dog is one of the greatest benefits of becoming a homeowner. Many landlords may allow a pet cat but not dogs. As a homeowner, you can adopt a dog, man’s best friend. Being a dog owner is one of the greatest gifts in life. Many renters who become first-time homeowners purchase a dog as soon as they get settled in their home purchase.

Gustan Cho Associates Specializes In No Lender Overlay Mortgage Options

Gustan Cho Associates is known for helping borrowers who could not qualify at other lenders. Many borrowers come to GCA after being denied elsewhere. The goal is to review the full borrower profile, identify the appropriate loan program, and determine whether the borrower qualifies under agency guidelines without unnecessary lender overlays.

FAQs About Home Purchase Versus Renting Home

Home Purchase Versus Renting Home: Final Thoughts

The decision between home purchase versus renting home depends on your financial situation, lifestyle, goals, and readiness for ownership. Renting may be the right choice if you need flexibility, expect to move soon, or are not ready for home maintenance.

Buying may be the better choice if you want stability, equity, control, and long-term wealth-building potential. A fixed-rate mortgage can offer predictability, while homeownership can create financial and personal benefits over time.

The most important step is getting accurate guidance. Many renters believe they cannot qualify for a mortgage because they were denied by one lender or because they have credit challenges. That may not be true. Gustan Cho Associates helps borrowers explore FHA, VA, USDA, conventional, and non-QM mortgage options. If you are comparing renting versus buying, the first step is to determine what you qualify for and whether homeownership makes sense for your situation.

Contact Us to Become a Homeowner Versus Renter

Becoming a homeowner is not as difficult as many people think. It does not cost you a penny to see if you qualify for a home loan. If you are a renter and see if you can qualify for a home loan, contact us at 800-900-8569 or text for a faster response. Or email us at alex@gustancho.com. We are available 7 days a week, evenings, weekends, and holidays.