Owning a Home Isn’t Just a Milestone. It’s the #1 Way Americans Build Wealth.
And we’re here to help you get there with a mortgage that puts you first.
The Wealth Advantage of Homeownership
Homeownership keeps showing up as one of the most reliable wealth builders in America. Not flashy… just steady. Consider this:
A homeowner’s net worth is roughly 40× higher than a renter’s. (Yes, forty. It shocks people every time.)†
Home equity accounts for over 70% of the average household’s net worth.
Even during the most unpredictable markets of the past few years, home values nationally are up roughly 25–30% since 2020.
And despite headlines, homes in Central Texas continue to gain value because demand remains high and inventory remains tight, which is good for long-term owners.
Bottom line? A home isn’t just where you live. It’s an engine for financial stability.
| Topic | Homeowners | Renters |
|---|---|---|
| Net Worth | Median net worth is roughly 40× higher than renters, based on Federal Reserve data. | Renters see little long-term wealth growth since monthly payments do not build equity. |
| Equity Growth | Every mortgage payment increases ownership. Appreciation adds additional gains over time. | No equity gained. When rents rise, monthly expenses often grow faster than income. |
| Monthly Stability | Fixed-rate mortgages help keep payments predictable and protect long-term budgets. | Rent typically rises year after year — often faster than inflation — making long-term planning difficult. |
| Long-Term Return | Historically, home values rise 3–5% per year nationwide. Appreciation builds wealth even in higher-rate environments. | Rent provides no return. All payments go to a landlord, not toward ownership. |
| Tax Benefits | Potential deductions for mortgage interest and property taxes (depending on current IRS rules). | Generally none. Renters cannot deduct housing costs on federal taxes. |
Why Finance Your Home With 1st UCU?
Sure, rates matter. But that’s not the reason our members choose us.
You get a mortgage team that actually sees you.
No big-bank shuffle. No phone trees. Just real people who listen, explain, and walk with you from application to closing.
Local insight… not guesswork.
We understand Waco and Central Texas — and how to help you purchase, refinance, or tap equity with confidence.
Fast processing with a seasoned loan officer.
Our mortgage officer brings 50+ years of experience, which means fewer surprises and faster solutions.
Smart options that fit where you are in life
Conventional loans
FHA and VA loans
Refinance options
Home equity loans
Cash-out refinances
First-time buyer guidance
Loyalty discount: Refi within 3 years? $1,500 off closing costs when the we fund your loan
How Home Equity Can Work For You
When you own your home, every payment builds ownership — not a landlord’s property portfolio. Home equity can help you:
Pay off high-interest debt
Fund home improvements
Cover major expenses (education, medical, etc.)
Strengthen your financial safety net
And unlike credit cards, home equity financing offers lower, stable rates and predictable monthly payments.
Real Stories From Members
“Patti has gone above and beyond with helping my family and I own our first home. She found me the best loan with my credit and income. She is always willing to answer any questions anytime. She worked with my schedule; due to working 12 hours night shifts, I wasn't able to be available during the day, but she made it work. I can't thank her enough for all her help and giving me the best loan to finally get our dream home. I don't know what I would have done without her, even though we closed on the house she is still there answering my questions as a new home owner. She has answered all my doubts and felt confident during the process. It was a big step of faith for my family and I to buy a home and am glad the Lord put Patti in our path. If anyone is looking for a loan officer don't look anywhere else she is the one to call. She will find you the best loan and will look out for your best interest as well. Nobody could give me as low an interest as she did, and I compared prices but she beat it. Way to go Patti thank you for all your hard work!”
— Eric
“We just closed on our first home improvement loan, and the loan officer knew we were nervous. But Patti Parker made the whole process absolutely painless. My fingers are now firmly crossed that our contractors will function at her level of professionalism, efficiency, and speed. Respect, 1st University! 🫡”
— Adrienne
Ready to Build Your Net Worth?
Whether you're buying, refinancing, or tapping home equity, you deserve a partner that puts you first. Our team is here to help you understand your options with zero pressure and all the guidance you need. To take a closer look, call Patti Parker at (214) 284-4800 mobile or (254) 752-2797 ext. 322 or send her an email at pparker@culink.net.
Frequently Asked Questions
How does buying a home actually grow my financial security?
Because owning a home turns every monthly payment into something that benefits you instead of your landlord. As you pay down your mortgage, you build equity. As the market grows, your home’s value rises. Put those two together and homeowners tend to build dramatically more long-term wealth than renters; in fact, the average homeowner’s net worth is over $400,000, while the average renter’s is under $10,000. Even in higher-rate environments, ownership keeps working in your favor because every payment chips away at your balance and your property continues to appreciate over time.
Is now still a smart time to buy?
Yes, especially in Central Texas. McLennan + surrounding counties have seen steady home-value growth for the last 2–3 years, even through rate volatility. Buying now means getting in before the next rate drop — when buyer competition spikes.
Do I need 20% down?
Not at all. Many buyers put down far less. FHA loans require as little as 3.5% down, and some conventional options start around 3%. We’ll help you understand what makes sense for your budget.
Won’t a higher rate hurt my net worth growth?
Not when the math plays out. You can always refinance later. What you can’t do is go back in time and buy at today’s lower home prices. Historically, buyers who “wait for the perfect rate” end up paying more for the same home.
What if I’m not sure I’ll qualify?
That’s what we’re here for. A pre-qualification is quick, painless, and gives you a clear picture of what’s possible — with no pressure. Our mortgage team has 50+ years of combined experience helping members navigate the process.
How does homeownership build net worth?
Three ways:
Appreciation over time
Equity growth every time you make a payment
Locked-in housing costs, protecting you from rising rent
Renters see none of those benefits.
What if I already own a home?
A home equity loan can turn your existing equity into opportunity for renovations, debt consolidation, or financial breathing room. It’s one of the lowest-cost ways to borrow.
What makes 1st University Credit Union different?
We’re local, personal, and relationship-driven. You get a real person, not a phone tree. And we guide you from “I’m thinking about it” all the way to closing.
Loans subject to credit approval. Terms and conditions may apply. 1st UCU is an Equal Housing Opportunity Lender. Patti Parker NMLS #1334842.
†Source: Federal Reserve Survey of Consumer Finances