Buy or continue renting?I have about 5K saved up and am currently renting at $900/month. I've heard of house payments half that price. My credit score is fine and my total monthly expenses besides rent is about $350. By my own standards I've estimated I can afford a 90K-100K house but I don't have a big enough down payment. I am sick to death of renting. My question is, should I bother with a FHA loan or rent a couple more years to save up 20%? I figure I would pay additional fees and insurance with a FHA loan but if I wait then I run the risk of paying a higher interest rates. Thoughts?September 17 2010 - Northville Township00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.