Esta investigaci?n se realiz? con el objetivo de identificar cu?l modalidad de cr?dito, el Hipotecario o el Leasing, resulta m?s conveniente para los habitantes de la ciudad de Ibagu? que viven en unidades de vivienda alquiladas, y que desean sustituirla por una inversi?n en finca ra?z por medio de los programas del Gobierno conocidos como VIS (vivienda de inter?s social) y VIPA (vivienda de inter?s para ahorradores). Se hizo una segmentaci?n de la poblaci?n de la ciudad, se eligieron las personas que pertenecen a los estratos socioecon?micos 2 y 3 y que a la vez tienen un ingreso mensual. Posteriormente a esta clasificaci?n, se consult? en las entidades bancarias Davivienda, BBVA, Bancolombia, Banco de Bogot? sobre los requisitos que se exigen para cada modalidad de cr?dito y las tasas de inter?s que aplicaron durante el periodo 2010 - 2015. Tambi?n se consult? en las inmobiliarias afiliadas a Fedelonjas en Ibagu?, sobre el costo de arrendamiento de viviendas de los mismos estratos durante el mismo periodo. Al finalizar con la recopilaci?n de datos, se elaboraron tablas de amortizaci?n, y anualidades, para realizar la comparaci?n entre los resultados obtenidos, donde se encontr? que la modalidad de leasing habitacional es el m?s beneficioso para los Ibaguere?os pertenecientes a los estratos socioecon?micos 2 y 3 si quisieran sustituir la cuota de arrendamiento por una inversi?n en su vivienda propia.This research was carried out with the objective of identifying which credit modality, the mortgage or the leasing, is the most convenient for the inhabitants of the city of Ibagu? who live in rented housing units, and who want to replace it with an investment in real estate through the government programs known as VIS (Social Interest Housing Scheme) and VIPA (Social Interest Housing Scheme for savers). A segmentation of the population of the city was made, people who belong to socioeconomic strata 2 and 3 and who have a monthly income were chosen. After this, it was consulted in the banking entities Davivienda, BBVA, Bancolombia, Banco de Bogot? about the requirements for each type of credit and the interest rates that were applied during the period 2010-2015. The real estate companies affiliated with Fedelonjas in Ibagu? were also consulted about the cost of renting houses belonging to the same socioeconomic strata, during the same period. At the end of the data collection, amortization tables and annuities were drawn up to compare the results obtained, where it was found that the housing leasing modality is the most beneficial for Ibaguere?os belonging to socioeconomic strata 2 and 3 if they wished to replace the rental instalment with an investment in their own home.