Renting VS. Owning a home in El Dorado County



Rent VS. Own...Buying a home in El Dorado County


Renting Vs. Owning a home in El Dorado County, or anywhere in our Three County area, one question you’ve probably asked yourself is


“Can I afford to buy a home?” Perhaps a better question to ask is, “Can I afford to rent?” With prices and interest rates so low, now is the time to take action!


If my rent is…*


$900 – $1,100


$1,100 – $1,300


$1,300 – $1,500


$1,500 – $1,700


$1,700 – $1,900


I could probably afford a home for…


$129,000 – $158,000


$158,000 – $186,000


$186,000 – $215,000


$215,000 – $243,000


$243,000 – $272,000

*Estimates of affordability assume you qualify for an FHA fixed rate

loan, with 3.5% down payment, minimum of a 640 FICO score, and a 4.00%


interest rate. APR range is between 4.261% – 4.325% depending on


price range you qualify for. Information accurate as of 7/30/12.


This is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed


or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms,


programs and underwriting policies are subject to change without notice. This is not an offer to


extend credit or a commitment to lend. All loans are subject to underwriting approval.




What are you waiting for?…doesn’t cost anything to get Pre-Approved-you owe it to yourself to find out what price range you can buy in-even if just to realize the tax write-off, alone!  So Renting VS. Owning a home…what do you think?  Call me today for a referral to a Mortgage Lending Professional.


Author: Wendi-Mae Davis

I love what I do, and truly feel it matters-which is why and how I can be and am so passionate about becoming a partner to my client-when start to finish, of the process to buy or sell their home. There simply isn’t anything better than a smile on the face of a satisfied client…it is what I work for. True satisfaction and peace of mind for each and every person I work with, and for.

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