Buying vs. Renting a Home in Colorado

Updated: Mar 2

We want to make sure that buying a house in Colorado is truly the right choice for you. While renting allows you to get up and leave at any time, buying your home gives you the opportunity to invest in something you own.

You might think that it's getting too expensive to buy a house in Colorado, but when the housing prices go up so do the rent prices. It all comes down to personal preference and what best suits your financial status and lifestyle.

Here are a few things to consider when choosing which option is right for you:


A home of your own means a stronger financial position, the freedom to make the space your own with upgrades and renovations, and the security of a monthly payment that won’t unexpectedly increase.

  • Much more cost-effective—not only are you benefiting from tax savings, but your monthly rate will also most likely be cheaper

  • Investing in ownership of your home and the freedom to personalize the space

  • Long-term commitment - you better be ready for the long haul

  • More responsibility and liability

  • The monthly payment is stable and agreed upon


Renting your home or apartment gives you the freedom to leave whenever you want and doesn't require you to have as much of a burden when it comes to repairs or renovations.

  • The monthly rate is generally more expensive than if you were investing in your own home

  • Investing in ownership of an agreement to pay monthly—you walk away with nothing

  • Lack of commitment—the space isn’t yours forever

  • Less responsibility and liability

  • Rent payment could suddenly increase in price without any reason

What you may not know is that there are special mortgage programs designed to help renters finance a home purchase, and Security First Financial is the place to find them. We have multiple loan programs that are great for first-time homebuyers that require little to no down payment such as FHA Home Loans, VA Home Loans, and USDA (Rural Housing) Home Loans. We also specialize in Down Payment Assistance Programs and are one of the top producing Colorado Housing and Finance Authority (CHFA) lenders in the state of Colorado.

If you want to stop renting and start owning your space, give us a call at 303-740-8300, or visit our website at

Opinions expressed are solely my own and do not express the views of my employer.

126 views0 comments
  • Security First Financial Facebook
  • Security First Financial LinkedIn
  • Security First Financial YouTube
  • Security First Financial Instagram
  • Security First Financial Twitter

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

Your opinion is greatly appreciated, we thank you for visiting this website of Primary Residential Mortgage, Inc. If you have specific questions, comments, concerns, or complaints we invite you to contact us by the email shown here: Emails received during business hours should receive a response within 48 hours, excluding weekends or holidays.

Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: Website:

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at


©2021 Security First Financial, A Division of Primary Residential Mortgage, Inc. All rights reserved.

Security First Financial Logo