We provide links to third party websites, independent from 1st University CU. These links are provided only as a convenience, we do not manage the content of those sites. The privacy and security policies of external websites will differ from those of 1st University CU. Click 'Continue' to proceed or click 'Return To Site' to stay on this site.
Renting makes sense for many seasons of life, but homeownership is how many people build long-term stability and wealth. With today’s low-down-payment mortgage options, including FHA, VA, and USDA loans, turning rent into equity may be more achievable than you think. This guide breaks down realistic costs, mortgage insurance, and the paths renters can take to move toward ownership with confidence.
Read MoreHomeownership isn’t just about having a place to live. It’s the single biggest wealth-builder for most Americans. In fact, recent data shows the typical homeowner holds nearly 40 times more net worth than the typical renter. Why such a huge gap? Because owning a home lets you build equity automatically as the mortgage balance drops and the property value rises over time. Renters keep paying, but nothing builds. If you’ve ever wondered whether buying is worth it in a higher-rate environment, the numbers make the case — owning wins, almost every time.
Read More
