In a recent poll of “American Attitudes About Homeownership” by the National Association of Realtors, 95% of owners and 72% of renters said they believed that it makes more sense to buy than rent. So, why is it so hard to make the switch? If you have ever purchased a home, you know that there are some significant upfront fees involved with buying. Most first time buyers look to an FHA loan because it has the lowest required down payment at 3.5% of the sales price compared to the 5% required by a conventional loan. In addition to the down payment, there are lender fees, title fees, inspection and appraisal fees, etc. The good news is that there is help available to low to moderate income families.