Your monthly payment can build your equity instead of your landlord's.
New homes in Santa Fe have recently leased for $1,700 a month for a 3 bedroom and $1,925 for a 4 bedroom. A new Home Creations home here has an estimated first-year payment of $1,223 or $1,483 with our 3.99% special rate.*
Where your monthly payment goes
Rent covers a place to live for one more month, and nothing comes back to you when the lease ends. When you own, part of every mortgage payment lowers your loan balance, so each year you build more of a stake in your home.
Your payment helps pay off someone else's property.
Principal paid each month becomes value you keep.
Rent can rise at every renewal, while a fixed-rate loan keeps principal and interest the same.
Houston has a long history of rewarding Homeowners
Houston-area home values rose about 53% from 2010 to 2019, before COVID, and more than 331% since 1991.** If you plan to need a place to live for the next five years, that is five years of payments that could be working for you.
Why Santa Fe makes owning easier
Since 1981, Home Creations has helped families move from renting to owning. At Santa Fe, all five homes below are ready now, with price reductions of up to $56,000 and just $45 earnest money on Quick Move-In Homes.
What the difference means for your budget
Here are a few examples of how first-year payments on our homes compare with recent rentals of new homes in Santa Fe.
Our 3 bedroom home
136 Road 51030 is about the same size as a new 3 bedroom home in Santa Fe that leased for $1,700 in September, and its estimated first-year payment is $477 less per month.
| Home | Per month | Vs. rent | First year |
|---|---|---|---|
| Rent, 3 bed, 1,374 SF | $1,700 | – | $20,400 |
| 136 Road 51030 | $1,223 | -$477 | $14,676 |
| First-year savings, 136 Road 51030 | $477 | $5,724 |
Our 4 bedroom homes
A new 4 bedroom, 2 bath home in Santa Fe leased for $1,925 in July. All four of our 4 bedroom homes have estimated first-year payments below that, and below every new 4 bedroom lease in Santa Fe this past year.
| Home | Per month | Vs. rent | First year |
|---|---|---|---|
| Rent, 4 bed, 2 bath | $1,925 | – | $23,100 |
| 106 Road 5102L | $1,425 | -$500 | $17,100 |
| 135 Road 51030 | $1,483 | -$442 | $17,796 |
| 106 Road 51030 | $1,483 | -$442 | $17,796 |
| 903 Road 5102 | $1,483 | -$442 | $17,796 |
| First-year savings, 903 Road 5102 | $442 | $5,304 |
Homes at Santa Fe
All five homes are ready for move-in now.
136 Road 51030
106 Road 5102L
135 Road 51030
106 Road 51030
903 Road 5102
Special rate homes must be under contract by October 7, 2026, and close by November 22, 2026.
Questions to ask before you renew your lease
Use these questions to compare renting and owning on equal footing.
- How much will my rent go up at renewal?
- What will I have to show for the next five years of payments?
- What is the full monthly payment to own?
- How much do I need to get started?
Renting vs. owning FAQs
Is it cheaper to buy than rent in Cleveland?
It can be. At Santa Fe in Cleveland, a new 1,374 SF, 3 bedroom home leased for $1,700 a month and a new 4 bedroom home leased for $1,925. Home Creations homes in the same community have estimated first-year payments of $1,223 for 3 bedrooms and $1,425 to $1,483 for 4 bedrooms with a 3.99% special rate (6.781% APR).
What is a 2/1 buydown?
A 2/1 buydown lowers your interest rate for the first two years. With this offer the rate is 3.99% in year one, 4.99% in year two, and 5.99% fixed for years three through thirty, so the payment increases after years one and two.
What is included in the estimated monthly payment?
Principal, interest, property taxes, homeowner's insurance, and monthly mortgage insurance. HOA fees and additional closing costs are not included.
Why buy instead of renting a new home?
Even a brand-new rental builds equity for its owner, not for you. When you buy at Santa Fe, part of every payment lowers your loan balance, and the home is yours to make your own.
How soon can I move in?
All five available homes at Santa Fe are ready now. To use the special rate, homes must be under contract by October 7, 2026, and close by November 22, 2026.
How much money do I need to get started?
Earnest money is just $45 on Quick Move-In Homes. The special rate is based on a 30-year FHA loan with 3.5% down. A New Home Consultant can walk you through the full amount due at closing.
Your next lease renewal is a good time to compare.
Our New Home Consultants would be glad to show you a Ready Now home, walk you through the full monthly payment, and help you decide whether owning is right for your family. Schedule a tour today.
Looking to get out of your lease early? We may be able to help. Contact us today to talk through your options.
Call or text Ella for more information at 832-615-2922
*Pricing subject to change without notice. Special incentive rate valid on select homes only. Home purchase contract must be signed before 10/7/2026, and must close by 11/22/2026. 3.99% rate reflects a 2/1 temporary interest rate buydown, reducing the fixed rate during the 1st year from 5.99% to an effective first-year rate of 3.99%, and an effective second-year rate of 4.99%. Rate to be fixed at 5.99% for years 3-30. APR of 6.781% is based on market pricing as of 9/18/26 on a $289,990 sales price with 3.5% Down 30-year FHA loan, and a minimum 740 credit score. Incentive based on 30-Year FHA Loan for approved buyers using CMG Home Loans lender credit (participating lender) and seller credit. Not all buyers will qualify. All mortgage terms and conditions are subject to credit approval. This is not a commitment to lend. Rates may change or not be available at time of lending commitment, lock in, or closing. Payment includes estimated principal, interest, property taxes (community tax rate with assumed homestead exemption of 30% of purchase price), homeowner's insurance ($1,250/year), and monthly mortgage insurance (.55%). FHA upfront MIP (1.75%) is financed into the loan amount. Payment will increase after years 1 and 2. Borrower must qualify for and be able to afford the full note rate. Taxes, insurance, and other costs may vary. HOA fees and additional closing costs not included. Homestead exemption applies to primary residence only and must be applied for and approved. All incentive offers supersede preferred lender and seller credit per page 9 of real estate purchase contract. Not valid on contract rewrites, transfers or on previously signed contracts. Equal Housing Opportunity. Please see a Home Creations New Home Consultant for more information.
Rent comparisons are based on new-construction homes in Santa Fe, per HAR MLS: a 3 bedroom, 2 bath, 1,374 SF home that leased for $1,700 per month on 9/25/2026, and a 4 bedroom, 2 bath home with a 2-car garage that leased for $1,925 per month on 7/15/2026. Square footage was not reported for most recent 4 bedroom leases. Every new 4 bedroom lease in Santa Fe over the past year was $1,700 per month or more. 3 bedroom homes are compared with the 3 bedroom rental; 4 bedroom homes are compared with the 4 bedroom rental. Rents vary by property and lease terms. First-year differences are for illustration only.
**Source: FHFA House Price Index / FRED, Houston-The Woodlands-Sugar Land metro area. Historical appreciation does not guarantee future results. Real estate values can rise or fall.
