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Rent vs Own! It’s a great time to buy a home!

Rent vs Own! It’s a great time to buy a home!

Many renters don’t know how easy it can be to purchase a home.  We provide our members with a digital mortgage experience delivering a streamlined process with speed, efficiency, security and reliability. If you want to become part of a community, raise a family or build over time, owning a home is a great way to start!

Rent Payments Add Up

If you pay $1,000 per month in rent, you’re paying $120,000 over 10 years!

Monthly Rent

10 years

20 years

30 years

$500

$60,000

$120,000

$180,000

$600

$72,000

$144,000

$216,000

$700

$84,000

$168,000

$252,000

$800

$96,000

$192,000

$288,000

$900

$108,000

$216,000

$324,000

$1,000

$120,000

$240,000

$360,000

$1,250

$150,000

$300,000

$450,000

$1,500

$180,000

$360,000

$540,000

$2,000

$240,000

$480,000

$720,000

$2,500

$300,000

$600,000

$900,000

Click on the button below for more helpful information regarding ALL things mortgages!

Visit our Mortgage Resource Center

So when you're ready, let One Source help you not only with the entire mortgage application process but we want to help you with the CLOSING COSTS, UP TO $4,OOO!

One Source Closing Cost Assistance Program* details:

Option 1: One Source will pay $2,000 towards your closing costs, which increases your rate slightly by .125%*

Option 2: One Source will pay $4,000 towards your closing costs, which increases your rate slightly by .250%*

One Source is YOUR mortgage source, so let us help you get started on making your dreams of owning your very own home a reality!

Make your appointment TODAY to speak to anyone from our Mortgage Team: 915-592-0223 in El Paso | 575-532-5524 in Las Cruces | 1-800-532-0223 Nationwide.

Or click on the link below to start your mortgage application:

Apply NOW!

 

*All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may apply and may vary based on borrower qualification and collateral conditions. This is not a commitment to lend. See credit union for details.

*Closing Cost Assistance up to $4,000 in select closing costs, pre-paids and reserves does not cover mortgage insurance, seller paid closing costs or discount points. This program is available to eligible borrowers using a Conventional mortgage program on a purchase transaction with One Source Federal Credit Union only. Minimum loan amount to qualify is $100,000. Maximum loan amount is $250,000. Option 1: One Source FCU pays $2,000 towards closing costs, increasing the mortgage interest rate .125%. Option 2: One Source FCU pays $4,000 towards closing costs, increasing the mortgage interest rate .250%. Closing Cost Assistance amount will not be applied until the time of closing on the appropriate closing documents. Closing costs may vary based on transaction. All loans subject to approval. This promotion may not be combined with any other offer, promotion or discount. All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may apply and may vary based on borrower qualification and collateral conditions. This is not a commitment to lend. See credit union for details.

One Source Federal Credit Union NMLS ID: 1505224

 

Associated Product: Mortgage Loans