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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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| Snyder, Colorado News |
EMCH Foundation receives generous gift
EMCH Foundation President Suzanna Spears and board member Ray Danielsen stand with the donation of $100,000 made as a contribution from Roy and Lila Foiles.
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Telluride offers fine skiing as well as colourful characters.
Dick Snyder Colorado - Published on Friday, Mar. 05, 2010 2:01PM EST Last updated on Friday, Mar.
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Precinct Caucus is March 16
Precinct Caucus is Tuesday, March 16 at 7 p.m. Democrat Party Precincts 1 and 2 will meet at the Out West Senior Center, 109 Main, Wiggins Precincts 3 through 11 will meet at the Morgan County REA, 20169 Highway, Fort Morgan Precints 12 through 17 will meet at Thomson Primary School, 422 Ray Street, Brush.
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REA sets annual meeting; one directorship has race
The Morgan County Rural Electric Association will hold its annual meeting on Saturday, March 20, at Fort Morgan High School.
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Brush youth being treated for brain disease at Children's Hospital
Wyatt Kolman, a Brush Middle School student, has been taken to Children's Hospital in Denver and has been diagnosed with ADEN , a disease that affects the brain and spinal column.
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Year in review...
The Snyder United Methodist Church held its last service at 11 a.m. on Sept. 20. The six-member congregation decided to close the church due to a lack of attendance.
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Firefighters, SAR practice ice rescues
Kevin Kuretich, right, slips in behind victim Paul Acosta with a rope and rescue sling during recent ice rescue exercises at Doty Ponds in Brush.
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Caring Ministries opens food pantry in Brush
Carol Carlson, left, and Robert Smith, right, who are both volunteers at the new Caring Ministries food pantry in Brush, assist the pantry s first customers, Robert and Bonnie Humphries.
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Friday Folder 1/29/10: a roundup of regional school news
Drugs, gangs and sex talk Drugs, gangs, sex and violence will be the topic of a public talk at 6 p.m. today at Falcon High School.
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In the courts - Brush city court Jan. 22
Brush city court Defendants appearing in Brush Municipal Court, paying penalty assessments or assessed default judgments and charges: Abraham Johnson, 30, Fort Morgan, $45 for failing to stop for stop sign.
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Two from Snyder injured in rollover
Two Snyder residents were injured Saturday when their sport utility vehicle blew a tire, went off Interstate 76 and rolled, the Colorado State Patrol reported.
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Health care: Survey will check local choices, needs
Health care professionals from all over the county came to Morgan Community College to hear about work being done by the Healthcare Horizon Council on Thursday.
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County, schools to have better 'net
Morgan County and the Fort Morgan school district will have better Internet access than ever, and Snyder will have potable water for its community center at last.
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MC vehicle registration fees down
Collections of auto registration fees in Morgan County have dropped significantly, but the shortfall was partly made up by collecting late fees.
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The highs and lows of Crocs
As the first decade of the 21st century comes to a close, the Denver Business Journal is revisiting some of the biggest business-news stories of the last 10 years.
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Firefighter honored for car seat program
A veteran Longmont firefighter was recognized Thursday for his special efforts to keep the city's littlest residents safe and sound on the roads.
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In the courts - District, county courts Dec. 5
Five sentenced Five defendants have been sentenced in Morgan County District Court: Tracy J. Dutton, 33, Wiggins, 4-year Department of Corrections prison term and $45,486, including $45,000 restitution, for second-degree burglary; two counts of theft and one count each of conspiracy to commit second-degree burglary, theft by receiving, criminal ...
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Town of Nederland approaches "multi-use" businesses
Lynn Hirshman NEDERLAND Teresa Warren, of Off Her Rocker, recently complained to the Board of Trustees about the Town administration demanding a building permit and a new certificate of occupancy for her building based on the Town's "discovery" that her building has three uses.
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County's show cause hearings offer area residents a voice
One family benefited this week from the new process the county planning office uses to resolve code violations.
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The Giving Tree offers holiday cheer
Not everyone has the opportunity to open presents and feast on glazed ham during the holiday season, but area residents will have a convenient opportunity to give their less fortunate neighbors reason to celebrate this year.
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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