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FHA Loans

FHA loans differ from conventional loans in a number of ways. The down payment required for a FHA-insured loan, is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

FHA loans offer borrowers several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3.5-5%

The FHA is also more flexible in calculating factors to determine whether or not to approve the loan factors such as household income and repayment ratios.

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Avon, Colorado News
Avon mulls tax hike for transportation projects

Avon officials are seeking public feedback on proposed transportation projects. The town has been eying $66 million worth of improvements over 20 years, said Jenny Strehler, the town's director of public works and transportation.


Podiatrists celebrating 20 years in the Vail Valley

Dr. Michael Schneider, left opened the Vail Valley's first podiatric medicine practice in the valley 20 years ago.


Avon Residents Report Seeing Mountain Lion

Several residents in Avon have reported seeing a mountain lion or its tracks near their homes in the last week.


Man Who Claims Pot As Sacrament Convicted

Share + Mar 10, 2010 7:02 am US/Pacific AVON, Colo. A Colorado man who says marijuana is a sacrament in his religion has been convicted of misdemeanor drug charges.


Police: Avon roommates brawl over puppies

A drunken dispute over puppies may have resulted in assault charges for two roommates, according to an Avon police report.


Avon eyes budget cuts

Avon officials say they must cut the town's 2010 budget to close a roughly $1.1 million shortfall in revenue.


Mountain lion wanders through Avon neighborhood

Avon resident Buz Didier had an unexpected visitor on his back deck: a mountain lion.


Vail Valley Voices: Mail-in ballot will work for Eagle County

On Feb. 23, the Eagle County commissioners approved a resolution allowing the clerk and recorder to conduct the Aug.


Vail Valley Bizwatch: U.S. Health Group, insurance and investments

Lori Fennessey of U.S. Health Group. Special to the Daily Tell your story! Tell the story of your business with a Vail Daily Bizwatch.


Psychologist talks positive parenting in Vail Valley

For Vail Valley parents, communicating with their teenagers can be tough. As teens refashion their identities, they go through a natural period of devaluing their parents, Avon psychologist Henry Goetze said.


Using every sense to embellish the basics

Spa veterans are familiar with the basics and their varieties: Swedish classic long-stroke relaxation treatment; sports massage geared to a specific activity like skiing or tennis; deep tissue, for those who prefer firm pressure.


Free Eagle County airport parking survives a " for now

Issue: Paid parking at the Eagle County Regional Airport. What they talked about: Airport manager Ovid Seifers and administrator Chris Anderson presented the commissioners with a study about the prospect of charging for parking at the airport.


Parking on Avon streets allowed with special permission

The town of Avon's parking rules allow for an exception to the year-round "no parking on town streets" law.


Avon clerk says robbers tied him up

Rogelio Munoz said he was "a little shaken" after robbers tied him up inside an Avon shop.


August election will be mail-in in Eagle Countuy

The Eagle County Commissioners Tuesday approved a request from Eagle County Clerk and Recorder Teak Simonton to conduct the Aug.


Vail Valley music: a Melding genres, pushing boundaries'

Vail Valley music: Special to the Daily Funk-jazz-world-jam band Garaj Mahal will perform at Agave in Avon Thursday night.


Arrested driver claims two college degrees in Eagle-Vail

Police received a call Feb. 2 that a man was slumped over the steering wheel in a Chevy Tahoe stopped at the bottom of the westbound Eagle-Vail exit.


Teen night returns to Avon rec Friday

Teen Night at the Avon Recreation Center returns Friday night and will include a performance by local magician Danny Archer.


Avon won't delay dark skies law

The majority of the Avon's Town Council opposed an amendment that would have extended the compliance deadline for the town's outdoor lighting Ordinance until June, 2011.


Busy holiday encourages Vail Valley businesses

"It just seems like in a depressed economy, people are more spontaneous." - Darryl Bangert, owner of Sage Outdoor Adventures in Vail ENLARGE Pedestrians walk across the Covered Bridge on a relatively slow day Saturday in Vail at the start of President's weekend.


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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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