That can be a complicated decision! Renting can offer some advantages such as not being responsible for repairs, but you also don’t have the freedom to improve the property to your liking.
If the payments are affordable, most people find they would rather have a home that they can really call their own, customize to their taste, not have to answer to a landlord and maintain their home as an asset that may increase in value.
This calculator can show you side by side how buying a home vs renting one stacks up for you. Your loan officer can discuss all the options available to you.