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SLFCU’s Livermore Downtown Branch will open at 9:30 a.m. on Tuesday, June 25. Online and mobile banking will remain available.

SLFCU is here for members affected by the wildfires and evacuations in the Ruidoso area. If you are impacted, click here to learn about support options.

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Sandia Laboratory Federal Credit Union Sandia Laboratory Federal Credit Union Go to main content
Routing #307083911|
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Renting vs. Buying a Home: How Do They Compare?


Are you renting and considering diving into home ownership? Purchasing a home can be more cost-effective than renting. Depending on your situation, a mortgage payment can be comparable to (or in some cases, even less than) your monthly rent. Qualified first-time home buyers can get an SLFCU home loan with as little as 3% down and no private mortgage insurance, making homeownership a more attainable goal.

If you’re tired of renting and dream of becoming a homeowner, consider these factors before making your choice:

Renting Buying
Monthly rent payment Monthly mortgage payment
Security and pet deposits/fees Closing costs
Mortgage rates
Renters insurance Taxes and homeowners insurance

Opportunity cost
(Will your rent increase when your lease expires?)

How long you plan to stay in your home
Your local rental market and outlook Your local real estate market and outlook
(if not included in rent)
Property improvements/maintenance

SLFCU services all of our home loans locally, from application and processing to closing the loan and beyond. When you make a payment or have a question, you'll talk to our professional, friendly staff. Our loan officers are committed to helping you understand your options so that you can choose the right home loan for your needs.

To learn more or to apply, visit or visit our Jefferson branch to speak with a home loan officer.

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