Homebuyer Spotlight - First-time Homebuyers No Longer Paying Rent

DDA Mortgage • October 26, 2022

DDA Mortgage Just Closed A Loan For These First Time Home Buyers - Paying The Mortgage Beats Covering The Rent!

It was a beautiful day in late fall when Robert and Stephanie bought their first home.


The couple had spent some time planning to buy a house, but struggled during the hot sellers market. Now that the market turned in favor of first time homebuyers, they were ready to turn that planning into something real. The two of them had been renting for years, but now they were ready to own their own place—to build equity and not pay rent anymore!

And let me tell you, it felt amazing to get financing for this couple!


We all know how much it stinks to pay rent every month. It's like throwing money away into thin air. Sure, you get some use out of your apartment or house while you're there, but after a while it just feels like an empty space where you sleep and keep your stuff… without any sense of ownership over it at all.

But buying your first house is different! It's like… breathing fresh air for the first time in months because it's so nice not having to pay someone else for their space anymore. You can decorate it however you want, paint the walls whatever color you like, buy new furniture if you want or need it… anything goes! And then there's that feeling when people ask where are you renting and you get to say, "I own my home."


We understand there is a lot more stress for first time home buyers. So, feel free to call at (727) 784-5555. We will show you all your options, not just the traditional ones.


If you have questions about mortgages and home loans, please ask using the form below.


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By Didier Malagies November 28, 2025
 New conforming loan limits increase to $832,750, which is great considering we have had price decreases on homes this year. So if you put down 3% the purchase price would be $858,051, and 5% down would be $876,578. Why would that matter? Well, you go above, and you are in Jumbo territory, where you have to put 20% down vs the 3% or 5% down. So, really great news that there is an increase, and when rates do come down, there will be all the homeowners who have the low interest rates, probably make a move to either downsize or upsize on their home, which will create activity and an increase in home prices. So overall, exciting to see the loan amounts increase to help offset the higher home prices tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
By Didier Malagies November 24, 2025
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By Didier Malagies November 18, 2025
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