Buying vs. Renting in Lubbock: Why Now Might Be the Best Time to Own
With rents climbing every year and new programs making buying easier, now could be your moment to stop paying someone else's mortgage and start building your own wealth.
What Renting Really Costs You
Every month, your rent disappears forever. Zero equity. Zero ownership. Zero return on investment. Meanwhile, that $1,200 rent? It'll probably be $1,400 next year. And $1,600 the year after that. When you buy, your mortgage payment stays the same for 15-30 years. No surprise increases. No landlord controlling your housing costs.
You're building equity. Every payment goes toward something you actually own.
Fixed payments. Know exactly what you'll pay for decades, not just this lease.
Tax breaks. Mortgage interest and property taxes are often deductible.
It's yours. Paint the walls purple. Get a dog. Renovate the kitchen. Your house, your rules.
"But I Can't Afford to Buy..."
"I don't have 20% down."
You don't need it. FHA loans require just 3.5% down. Conventional just 5%, VA loans need zero down. Some local programs offer even more help.
"Will I qualify??"
Maybe, maybe not. Pre-approval is free and takes 24 hours. Why guess when you can know?
"I'm not ready yet."
Getting pre-approved doesn't commit you to anything. It just gives you real numbers to work with and shows you what's possible.
If you’re paying around $2,000 a month in rent here in Lubbock, you might be surprised: a mortgage on a comparable home could land in the same ballpark — sometimes even a little less.
Every month, thousands of renters in Lubbock write a check that disappears into their landlord’s pocket. Imagine if that same money was building something permanent for you — a home that’s truly yours.
Look, I get it. Buying feels overwhelming. But what if it's actually easier than you think?
Want to see your real options? Fill out the form below and we'll see what we can come up!