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PURCHASING VS RENTING 

In most cases, owning a home can cost you less each month than renting. Here’s why:

1. Lower Property Taxes – Homes you live in are usually taxed much less than rental properties. 
2. 
Landlords Charge Extra – Most landlords charge more than their mortgage so they can make a profit.

FOR EXAMPLE:  

A 4-bedroom, 2-bath home valued at $235,000 might have a monthly mortgage (including taxes and insurance) of about $1,350.

That same home could rent for around $1,800 — a difference of $450 every month!

Worried about the down payment?

Many loan programs today offer low down payment options—as little as 0%, 3%,

or 3.5% down.
Even better, your down payment can come as a gift from a family member!

Here’s what you’ll need to qualify:

1. Income Documentation – Two recent pay stubs, or if you're self-employed, your two most recent years of tax returns (including all federal schedules)

2. Employment History – Two years of employment history (schooling or college can count toward this).

3. Credit Score – A minimum credit score of 580.

4. Bank Statements – Your two most recent bank statements to verify funds available for closing.

 

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Simpsonville, SC, USA

©2025 BY SC HOME LOANS, LLC. SC- MLO KIARA CALVERLEY -1594479 | SC HOME LOANS, LLC SUPPORTS EQUAL HOUSING OPPORTUNITY. NMLS ID# 1588407 (WWW.NMLSCONSUMERACCESS.ORG) INTEREST RATES AND PRODUCTS ARE SUBJECT TO CHANGE WITHOUT NOTICE AND MAY OR MAY NOT BE AVAILABLE AT THE TIME OF LOAN COMMITMENT OR LOCK-IN. BORROWERS MUST QUALIFY AT CLOSING FOR ALL BENEFITS.

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