WELCOME FIRST TIME HOME BUYERS!
Make This the Year You Move from Renting to Owning!
Dear Future Homeowner,
Lower Interest Rates
Many lenders are now offering rates under 6%, making homeownership more accessible than ever.
Down Payment Assistance
Special programs are available for first-time buyers to help ease the burden of upfront costs.
California Housing Grants
State programs are available to help cover upfront costs, making your dream home a reality.
Invest in Your Future
Turn your rent money into an investment in your own future—owning can build equity over time.
Affordability Now
You may be able to afford a home NOW! Compare renting vs owning monthly costs.
Make the Smart Choice
Would you rather pay rent to a landlord or purchase a home and build equity?
Rent vs. Buy: What’s Your Choice?
In Los Angeles County, the average rent for a 2-bedroom apartment hovers between $2,800 and $3,000 a month. On the flip side, if you’re considering purchasing a home, the approximate monthly mortgage on a $500,000 property with a 10% down payment (with assistance) ranges from $2,700 to $3,100. This could even include deductible property taxes! So, would you rather pay rent to a landlord or invest in a home and start building equity?
$2,800 - $3,000
Average rent for a 2-bedroom in Los Angeles County
$2,700 - $3,100
Approximate monthly mortgage on a $500,000 home
10%
Down payment for home purchase
Build equity
Invest in your future with homeownership
