Education · Future Homeowners
Future Homeowners
Don’t pay somebody else’s mortgage forever. Here’s how to go from renting to owning.
The Path from Renting to Owning
Homeownership starts with understanding where you are today. The decisions you make as a renter directly affect your ability to qualify for a mortgage and save for a down payment.
Building Your Down Payment
- Automate your savings
- Look into down payment assistance programs
- Consider FHA loans – as low as 3.5% down
- Budget for closing costs (2 – 5% of purchase price)
Did You Know? Our lease-buyout promise means if you find the home you want to buy, we’ll work with you to end your lease early without typical penalties.