Buying Vs Renting a Home

The advantages of owning your own home
First time home buyer Florida Rent Vs Buy

First time home buyers Florida

Renting Adds Up

You may be able to own a home for less than what you pay for rent. There are many benefits to owning a home including building equity, increasing net worth and tax benefits (see your tax advisor).

Stop paying your landlord’s mortgage. Start paying for a space of your own.
First time home buyers Florida Rent chart
More reasons for renters to buy

Positive Rent Payment History Added to Fannie Mae Risk Assessment


To help increase homeownership opportunities for borrowers, Fannie Mae is now to consider a borrower’s positive rent payment history in the credit risk assessment. Beginning the weekend of Sept. 18, when the borrower is currently paying rent of $300 or more, and a 12-month Verification of Asset (VOA) report is obtained by the lender,


This enhanced credit risk assessment will be applied to any loan casefile that meets the following requirements :

The borrower must be a first-time homebuyer,  the borrower must have been renting for at least 12 months,  the borrower’s rent payment must be $300 or more per month,  the mortgage loan must be a purchase transaction,  the borrower(s) must have a credit score, and  the lender must obtain 12 months rental history.


If we are able to identify a rent payment history pattern in the borrower’s bank account data, we can use the rent payment history to positively supplement the credit risk assessment.

Start reaping the rewards of home ownership today!